Comes to the opec meeting on thursday. Spread coming in at 57 basis points. And bitcoin. Is it going to be 10,000 today . Time for the morning brief. At 8 00 this morning eastern steven mnuchin, William Dudley on the hill of the sec will all be speaking in new york at a conference on the structure of the u. S. Treasury market. At 10 00 all eyes will be on capitol hill as Senate Begins confirmation hearings for Jerome Powell. And President Trump continues to campaign for a tax overhaul. He will be going back to the white house for a meeting with congressional leadership on how to avoid a government shutdown. Thats all coming up today. The big story into ec is Federal Reserve nominee for the chair, Jerome Powell. The gap appears to be narrowing between short and longterm Interest Rate raising concerns on the future of the u. S. Economy. Joining us now is drew matus, metlife and that achievement metlife management chief market manager. Are we expecting to see anything different from the c
A round of banks upgrade price target on facebook despite the social network spooking investors with its big spending plans. All right. Good morning, everyone. It is 10 00 a. M. Here in london 5 00 a. M. On the east coast. The s p 500 seen off by 4 points the dow jones seen off by roughly 10 and the nasdaq lower by 8. 6 points. Were higher for the second straight session closed out the highs of the day, the dow and the s p up by 0. 7 each. We were pretty much unfazed by the fed. Once again held by the rebounded in oil, Energy Stocks doing very, very well. I want to show you whats again on with European Equity markets. We are modestly higher no huge gains. Weve had so many earnings out this morning. By and large, they were better than expected. Jpmorgan saying the proportion of Companies Beating earnings estimates is the highest since they started compiling that data since 2009. Go figure. The xetra dax higher by 0. 2 the ftse 100 also up by 0. 3 . That means were good at revising lower
Agree on a plan as well . Greece. Is there for lets have a look at the euro. We are basically trading flat. Expectations were 225,000 jobs to be added. 200 15,000 jobs being added to the u. S. Economy. You are seeing the dollar trade flat today. I want to show you the Market Reaction on friday when we did see that sudden spike higher when we saw that number come in ahead of 200 thousand. Lets have a look at the commodity trade. The china effect. We are seeing copper pretty much flat. Not much of a selloff. We saw moves in the aussie dollar and the kiwi. When it comes to the recourses, pretty flat. Copper, resilient, moving that little bit higher. Lets look at what is happening in turkey. We are talking about geopolitical risks, tragic bombings in istanbul. We did see a move in the turkish lira. This is currently flat at the moment. The market taking it in stride. We have not seen turkish stocks react that wildly. Oil trading lower once again. More u. S. Rigs being added. Still, the sup
Ripped up. The are checking the biggest gain in u. S. Equities in four years. Francine yes they are. That rally came after a selloff. Overnight, chinas benchmark index posted a 5 index 5 gain. Lets get context. Mark barton is back in the house. Things are wrapping higher. The feds magic discussion did the job. Fedo the mark u. S. Caused the big rally in the united states. He spoke yesterday. In an unexpected comment, you have to say, he said from my perspective the decision to begin the normalization process seems less compelling. The keywords sit is desperate keywords less compelling. Getting close. Is the six days that preceded this rally. Yesterday, prior to the s p 500 fell by 11 . Its sunk by 11 yesterday. It rose by 3. 9 , biggest 2011ase since november 30, all because of his comments. Trade reducing the probability the fed will raise rates to 24 . 18th, the odds were 28 . We are going to have technical fun here. Look at the emerging markets index, this is a oneyear chart. I want
I am pleased to have both of them. Griff, telling what we have , which is this day considerably later where you are. Think there is been a whitening and intensification of the investigation today. He started with one additional suspect we started with one additional suspect in custody and we now have eight. Five people arrested today in the u. K. , most of them in manchester, most of them in the neighborhood where the suspect had leaved. Havent lived. You also have suspects arrested in libya, the brother and father of the suspect. The younger brother was preparing to carry out an attack in tripoli. Authorities say they have disrupted his attack and he has confessed to being part of a as well as having been involved in the plot in the u. K. And helped his brother to carry it carry out the plot. Charlie who else was part of a plot . Griff they havent said. We know the three brothers were involved, as will as the father. The older brother is here in manchester. The others, we dont really