Police in south jersey searching for whoever is vandalizing holiday decorations. Those stories in a moment, but first, we all knew it was eventually coming. It is here, were dealing with a cold blast that will stay for a while. Were taking a live look here via sky6 live hd in penns landing. If youre heading out this early hour youre going to want to bundle up, temperatures are below freezing. Meteorologist chris sowers joins us with a look at the exclusive accuweather sevenday forecast. Chris you say its all about christmas. Its got to be cold. Reporter its got to be cold, last year we had the airconditioning on christmas day, it was so warm, 70 degrees. I agree it cant be warm on christmas. Ill give you that one. Reporter ill turn him over no you wont. Lets get you outside, wait until you see whats coming in the seven day. Ill tell you what, its going to get cold. Theres the view sky6 live hd down in cape may. Theres a few clouds, blustery and cold, temperatures in the 20s, windchills
Manufacturing according to the institute for supply management rising , contracting by the most since july 2000 nine because we did see an unexpected contraction in that manufacturing number. Despite that we are seeing a rally. Hits in the session took a but Still Holding up relatively well. Everything that we here between now and the next fed meeting effects what it will do beyond that meeting. I know this is one of alixs miprs. This looks at the forward rate curve and Interest Rate swaps in that market. We are seeing a gentle curve although it is a slightly more aggressive than it was historically. With every piece of Economic Data that is a little more negative, we are going to likely see the expectations for the pace of Interest Rate increases to get a little more benign and indeed that is what the fed has told investors as well. Alix also what is interesting in terms of what is leading stocks is the momentum, not those related to the fed but the stocks elected poor a lot of money
Shrugging off the down of the day, the interpretation is that it will be gradual as Interest Rate increases, but not enough to derail the u. S. Economy. The really key economic support in a busy week for data will be fridays jobs report. Also, just hanging on to their gains, but close. A broadbased rally if you look at my bloomberg terminal. Mostly green, some subsectors starting to show some weakness, but overall all 10 Industry Groups are higher, health care financials and Consumer Discretionary stocks leading the gains. I wanted to focus on discretionary in particular. Retiring even after the monthly macau gaming revenue numbers showed a weaker result and had been estimated by analysts. Betty spoke with an analyst earlier who said that they were focusing more on 2016 and potential improvement. Yum brands is gaining after an prospectsgraded the of yum splitting into two companies. Amazon. Com rising as we get more numbers on the holiday weekend, amazon shares are once again trading a
Approach. How about some first word news from vonnie quinn. President obama urging turkey and russia to put aside their disagreements and focus on defeating the Islamic State. The president met with turkeys later today. The diplomatic crisis arrested after turkey shot down the russian war plan last week. Its threatening to undermine president obamas efforts to expand the Usled Coalition fighting Islamic State. Now, than 90 minutes from the president will hold a News Conference in paris. You can watch that right here on bloomberg tv beginning at 8 25 eastern. Commonsn, the house of is excited to vote tomorrow on Islamic State. Cameronnister david called the vote, he wants british warplanes to begin bombing Islamic State forces in syria. This led to a split in the opposition labor party. Opposes theader attack. Other Senior Labor Party members are in favor. And the u. S. Is making it tougher to enter the country. The government adding new screening requirements to program that lets peopl
Hello. Im betty liu. This is bloomberg best. Begin with a day by day review of the weeks top stories. Monday when the imf welcome the currency. It is a recognition of the significant reforms which have been conducted, of the opening up of the chinese economy, of , morenancial marketdriven principles that are being used by the chinese authorities going forward. Shortterm it doesnt mean a lot. To put things in perspective, 318 billion. That is roughly 6 of the daily Trading Volume in total foreign exchange. Just 6 . Gdp,d one third of global less than 1 of total trade. It is a drop in the bucket. It is much more of a psychological effect. Is that significant . Dont think so. It is symbolically important for china because to me it is an officially an endorsement of what china has achieved in terms of financial market. Ad a formal recognition of very Important Role played by china in terms of global trade. Betty michael plath, the founder of bluecrest capital, currently running a billion d