The odds of a fed increase in december went over 50 . It gave new momentum to both of those stories. Commodities going weaker. Once again, one of our top stories. In line with that, we are pointing out that the odds of a fed rate hike now running 74 . Chart andl take your raise you this one. This is between where europe is and the u. S. Is. This chart shows the u. S. Twoyear yield is the most sensitive to rate hikes versus the g7 twoyear yield. We are increasing the spread between the two. That is the root cause of all of this. If you had towards paris and this Climate Change conference, that is the chart everyone should be look at. American drivers are driving the big suvs. The petrol is cheaper. Anna lets get the bloomberg first word this morning. Brussels has extended its highestever terror alert into next week, saying Islamic State terrorists plan to attack highlypopulated areas. One of the 16 people arrested has been charged in connection with the attacks in paris. The other 50 ha
Build in for about four days and not stick around for long. 40s and 50s. And cooler in the santa cruz mountains. There are a few upper 30s. We are looking for a break. Morning clouds, partly sunny, and we will have morning drizzle, and patchy fog. And otherwise, muggy with the sun once it gets going. Warmer weather is on the way. More in about 10 minutes. Heres sal at 5 01. Were doing okay out there as a matter of fact. Right now we look pretty good if youre starting on the east shore freeway. It looks good from the carquinez bridge to the macarthur maze. Not a bad commute as you get to the bay bridge toll plaza which is light. The san mateo bridge looked good heading to the highrise with traffic looking good all the way to the peninsula. And if youre on 101 in san jose you can see traffic is moving along relatively well. The road sensors are showing green for the southern after ha southern half of the bay area commute. At 5 01 back to the desk. Homeowners in pacifica are keeping a clo
, taiwan is out at about 4 00 p. M. India comes out later on tonight. Before i go, thailand also comes out. They have an update on trade. We will see how that impacts trade. I will leave it there for now. Let me send it back to you. For the first time in three surpassed japan as the worlds secondbiggest equity market. Xi jinping over shinzo abe. Both countries may have stepped up their stimulus but it looks like investors are more confident towards beijing to revive the economy over abenomics. China just cut Interest Rate for the first time in two years. Economists believe more could be coming. That might be fueling this optimism. China now number two for the first time in three years according to data compiled by bloomberg. Now, 4. 4rket value trillion. Compare that to japan, 4. 6 trillion. The charts really have shown the divergence coming closer and abe just crossed. China did briefly surpassed japan in 2011 after an shanghaie but the composite index climbed three times as much as t
Calculus . And the possibility of lethal defensive weapons is one of those options being examined. But i have not made a decision about that yet. Cory the latest all round of diplomacy is scheduled for wednesday. Qualcomm settled a huge battle over enforcing its licenses in china. Qualcomm has been fined nearly a billion dollars for antitrust violations. But in paying that fine, it gets a firm new licensing base. Licensing rate. The ability to connect royalties on china is based on qualcomm designs. Qualcomm boosted its revenue and profit forecasts. Microsoft is planning its biggest bond sale ever. They are going to issue 10. 8 billion in debt, in six parts. Microsoft is one of only a handful of companies with a aaa rating. Amc says breaking bad spinoff Better Call Saul had the biggest series premier cable has ever seen, helped by a leadin of the walking dead. The zombie series attracted 15. 6 million viewers. Now to the lead. Spacex has postponed the launch of its falcon nine rocket f
The iea also warning that weak demand raises the risk of social instability. But Goldman Sachs executive calls lower oil a blessing. There are a lot of positives to the economy from the Energy Situation to the resurgence of housing to the most important thing of having reversed all the leverage that was in the system and kind of reset the clock. So you can take something thats a blessing, lower price of oil which once you think of like a tax cut. Take a look at the price of crude. Youre looking at wti crude at 59. 33. What are you smiling about, joseph . How many times have you heard that Lower Oil Prices like a tax cut . I probably heard that a thousand times in my life. But i agree. But i dont know if thats the you know . I saw that yesterday, too, that he said that. I was like, thank you, but i knew that. Right . Like a tax cut. We know that. But its amazing how many people push back. There was even a guy tweeting this morning meaning yeah you pay 50 cents less for gas and lose thou