Ewsprint t tenants names carl icahn to head of his deregulation campaign. And Peter Navarro to head a new trade counsel in the trump white house. That is what you need to know at this hour. Bankthe future of italys with lisato milan martin. Have we got any color on what the plan is from here . The next 40 hours will be critical. Paschi, the indication at the moment there isnt much there. The bank will seek some kind of government intervention. The bank as a Firm Deadline by the end of the year to offload a significant amount of bad debt. What we expected here between now and friday is the government approving a decree that will set up the rough outline of how it will put up to 20 billion euros on the table for monte paschi but potentially for other lenders, too. Jon with the prospect of state aid on the table, how do you implement burden sharing and protect bondholders as well . How do you do that . This is what is going to be key. What we have seen in similar situations earlier this y
Good thursday morning. Thanks for joining us on squawk alley. Jon fortt, david faber with me at post 9. Carl quintanilla has the day off. We are still within the reach of dow 20,000, although it seems we are gate geting a little further away than we were at the beginning of the week. Blue chip index hovering. A big story in the runup so where we are now has been financials. The sector on a tear since the election and could help us push past dow 20,000 if and when the momentum comes back to the market. Lets bring in jim mcdonald, chief investment strategist at Northern Trust Asset Management and marty, bank and equity strategie strategies. Marty, if you had thought this would be the headline on january 1st of this year, i mean, so many people didnt see this coming for the banks because they had been repressed for so long. But the question now is what is fair value for this group . Well, you need to put in context how you started the year, which was, you know, the downturn of energy, loo
Points. The stocks edged lower within edged lower with the nikkei slipping up 1 . Lauren Oil Prices Falling for the first time in three days. Down 16 cents. Train to the 10 year treasury yield about 2. 53 this morning. Lauren in germany, an intense manhunt. Not the main suspect is considered armed and dangerous. Nicole the art of the deal under pressure from donald trump to cut the cost for air force one. Lauren regulation nation. Lugar called a scratch on the streets of San Francisco after pressure from regulators. Nicole and Sports Company duke pasco player finds himself in hot water for tripping on a opponent. Lauren good morning. 5 01 a. M. In new york. Pushing closer to Christmas Day. Welcome to fbn am, your first look at morning markets and breaking news. Nicole breaking news this morning. President elect donald trump taking on china. The latest news on the term transition. Formation of a new council in a trade critic has this later. Mr. Trump designating Peter Navarro is the hea
Amiri. We have all the details on that developing situation. Uber selfdriving cars off the streets of california after the vehicles ran a red light. Markets this morning look like this. Later we get the final read for Third Quarter, the climb 20,000 stalled a bit but these numbers today will likely set the tone for markets. As you can see dow industrials down 10 points. Italian bank on the brink of a bailout after he failed to raise capital on its own. The banks continue the pressure international markets. All down even up just fractionally. In asia overnight, little change, lets take a look. The hang seng index, other majors moving fractionally. A White Christmas is coming for many americans, blizzardlike conditions will get the Pacific Northwest and the plain state. Plus, snowman so snal you cant see it with the naked eye. Details on how scientists were able to create this. Joining me to talk about National Review reporter cat kempf is here. Great to be here. Im so excited. Maria we