Paris suburb that will impact the political. Tom many headlines from germany as they consider what to do. I know youre going to Brendan Greeley in a moment. Andbackdrop is markets softer commodities. Francine dollar higher, euro weaker. In paris have launched a raid aimed at capturing the suspected leader of last weeks attacks. Two people were killed and five were arrested. It is not known if the elected ringleader was among them. Who died had a suicide vest. Police believe one person is pulled up in an apartment. 2 air france flights were diverted after the airline received threats, one from Atlantic City and one from washington was diverted to halifax, canada. No threat was found on either flight. David cameron making the case for extending airstrikes from iraq to syria. Cameron says britain needs time to target the head of the snake and bomb Islamic State targets at their syrian base. Wants. Stmas he expandingd a vote on rates. The oecd wants to scale back power plants run on coal.
Commodities because we are sub 40. It could spell pain to some of the big Mining Companies. What is your breakeven point. They say the breakeven point is 40, for others it is 44. Bhp at 29. That is why they are able to continue. The question here is sam walsh once said at the start of the year that it was fantasyland if it ever made it to 30. Anna lets bring another boy voice into the conversation. Great to see you. Another sign of pain for the mining sector. It has been ongoing for a number of years. You have a dynamic in a large part of the commodity sector. Big, you have the two players who are still quite comfortable. They are not happy, but they are aware that their competitors cannot live down here and potentially at some point they will enable be able to pick them off and a live to fight another day. Manus lets get up to speed now with your first word news. In importsas slump extended to a record 13 months in november and exports fell for a fifth straight month. The import slowd
To y welcome manus welcome to countdown. Anna commodities a big theme. By some concern investors around the highyield markets in the u. S. The junkbond ecf close at a sixyear low. We talked about highyield bonds and the spread has been whitening. Widening. Now the Goldman Sachs event expressing concern. Talking about real carnage in junkbond market. Markets. They say they have the most Investment Opportunities since lehman collapsed. Manus it worries me when you have a Major International when you talk about this junkbond or these high yields, when you look at the oil industry a big portion the yields are rising to the highest level since 2009. That goes back to the conversation we had yesterday, a lot of restructuring. A lot of expense to repay the 1. 5 trillion that is the size of the u. S. Junkbond. News. Lets the first word reporter Chinese Consumer inflation Beat Estimates. Cpi November Rose 1. 5 year on year. The Producer Price index fell 5. 9 , extending declines. Meanwhile, the
Police wen and his family fight back. Their lawyers call it untrue and are considering legal action against the new york times. For our u. S. Viewers, the show will be on just one hour this week because europes has gone off daylight savings time, so were just four hours ahead now of new york time. Hurricane sandy is also still several hours away from make landfall, but the impact of the storm is already being felt. Transportation has ground to a halt as new york and other major eastern cities have shut down mass transit, Airlines Canceling Flights and in new york city, mayor bloomberg has ordered the evacuation of some 375,000 people from low lying areas. The New York Stock Exchange and nymex are in that evacuation zone and are affected today. Those markets plus the nasdaq and cboe will be closed today and possibly tomorrow. Cme says it may not reopen to tuesdays session. Exchanges, brokers and regulators are worried about integrity of markets and cooperate ensure the safety of the emp
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