Sector pmi before that. The dallas fed is going to look at manufacturing. The london markets are closed today. It is a bank holiday. We dont know when that is going to happen in london, but they happen from time to time. We will get the new home sales at 10 00. I thought this was in august yarder. Forget about it. Futures are up five. The 10 year yield is up 2. 3. The euro dollar has plunged. There is no other way to put it. That is a while number four mario draghi. There is a nice spread between the crude. Were on to the next screen. Were looking at the equity nirvana. This is a low number. The dow is over 17,000. The german 10 year, that is not a misprint,. 93. That is stunning given where we were last week. Lets go to the monitor to show what is keeping Esther Draghi up at night. This is the german twoyear. This is all you need to know amid a new low in the italian 10 year. The ramifications are back on the United States. Belowa jump condition zero. By any definition, this is german
Bloomberg in london. A mood meet the food chain giving out burritos. Ikea takes to the city. Of the furniture giant opens a store in the heart of hamburg. Find out why hans nichols is looking for future on a push bike. Up lets get the good top story. Manuel valls has presented his resignation of the government. This follows a disagreement over policy between him and the economy minister. Speed. S up to we have this resignation. We are waiting for a new government to be announced in the next 24 hours. Exactly. As soon as tomorrow. His team will change. Minister economy criticized the economic policies of the government. This weekend during a gathering of leftwing politicians in france. Was to blameolicy for unemployment which has killed a booming economy in france. Economicecause of the policy. Taxes i16 billion euros. The Education Minister said the austerity policies in the past 10 years including germany were to blame. The big surprise is that instead of just getting rid of the presi
His part, says that he is in no rush and that there is a danger in raising Interest Rates too soon. That is adding to the global selloff led by a plunge in chinese shares. The government taken collateral rules for shortterm loans. Since november 21. The price of oil rebounded slightly today. West texas intermediate climbed above the 60 a barrel market. Arabia inoined saudi cutting prices for asian customers. Asian buyers stop a controversial report on cia torture methods is set to be released today by Senate Democrats did it will include that the cia used extreme and terrorism extreme interrogation methods for terrorism suspects. Someone that it may make the United States target for retaliation. And the hackers who broke into sony movie studios are telling listed you interview. The the movie is set to open christmas day. The hackers have released personal data on thousands of people who work for sony in retaliation fo. What a way to get publicity for the movie. Stocks are falling aroun
One of note today, walgreens we will give it up too. Items of note, the indian Prime Minister meets secretary kerry in washington, hes really doing a fullcourt press. From Madison Square garden to central park to dinner last night with the president. Where he drank only lem none water. A hearing in washington on those White House Security breaches and finally just want to point out microsoft is introducing windows 9 in india. Weve got him here in the u. S. And microsoft c. E. O. In india opening up a new data center. The white house breach is something. How did they depth that far in . The damage of it, like everybody else ive opinion in the green room whos done a tour of the white house and its spiritual, its part of america that this guy got into. Have you been in the lincoln bedroom . No, i did not sleep in the lincoln bedroom. Clearly you didnt give enough money to the clinton administration. 47. Hillary said to me something, tom, youll love it. Let me do a data check right now and
Speculation chinas government will add stemless after inflation reports. Of estimates below 2 . The price of oil has resumed its slump. It may go lower. West texas intermediate fell below 63 a barrel. Brent crude also down. In official in irans oil minister critics the price could fall as low as 40 a barrel. That is if there is a price war or of divisions emerge among the members of opec. The new Federal Reserve relation may be expensive for jpmorgan. They may need to come up with more than 20 billion in capital to meet the new standard. Jpmorgan is a ready facing the highest capital surcharge under International Rules. The bank might have to delay Dividend Increases and stock buybacks. Jpmorgan says it intends to meet the requirements. And the weather watch, we go out west, Northern Telephone in bracing for one of the biggest storms in years. People putting out sandbags. Up to five inches of rain expected starting today and winds up to 60 most per hour. Another danger, but flyers muds