Tom hanks. Hes not a fan favorite. Not at all. Luckily it is on our air so youll be able to watch the Golden Globes. I think the Golden Globes are a little more accessible because it has not just movies that you have to state up late and go out for. You can be at home. I always say there are some movies i need to watch. Yes. Always movies to put on the list. All right, so lets get out the door this morning with a look at that. Do you know where that is . Where is that . That is oakland. Look at the visibility right now down to about a tenth of a mile. Its really bad out there. Were seeing in the trivalley, livermore at zero, San Francisco a quarter of a mile. Napa also at zero where we have dense fog advisories in effect. Keep that in mind as you head out, maybe heading to the bart station. After that the sun will peek out. Well talk more about that but fog is a factor, mike. Yes. Guess where i am. Theyve opened up the cash laess but we have the backup all the way to the end of the par
Againlls over the weekend pointing to a conservative victory. We have a mild bid on the german tenyear today, 31 basis points. Weve now got a three handle again. But its a big week for the euro, with the ecb coming up later on. Certainly watching Christine Lagardes first performance after that decision is made on thursday. Vonnie. Vonnie just a little while ago, we got word that paul volcker had died. The former Federal Reserve chairman broke away from runaway inflation brought the bank to and later,lation, during the obama administered and the obama administration, was brought in to create the volcker rule. For more on his luck as we are joined by stephanie flanders. Clearly, volcker had an enormous career. He served under six president s, both republican and democrat. Started to really change the way the u. S. Handles Monetary Policy. What would be his most outstanding legacy . Stephanie i think youre spoiled for choice because he was involved in some of the key Landmark Events in Gl
1500 jobs being cut across the world. Shery Goldman Sachs is recruited by softbank to find funds for wework as part of a 5 billion rescue plan. First, a quick check of the markets. Australia coming online. Sophie, what are you seeing . Sophie after a threeday rise for sydney stocks, asx 200 open little change after the tepid session we saw on wall street. Heads up on the corporate fund, i want to highlight Bellamy Australia said china might need acquisition so shares will be suspended today. Bonds enough straily at a risk off. Yields coming off the session low as the rba governor says gdp is in line with expectations, but contrived with weakness and consumption. Folks saddled with high debt take longer to spend. The offshore yuan this morning trading around 7. 0366. Weight on Chinese Consumer prices and pbi later this morning. Investors are setting the tea leaves going into december 15. With the latest developments around the u. S. Deal, the mexican peso trading near a three week high
The 1. 82 mark. A couple of stocks i wanted to point out, this is a Cancer Treatment company, and its been bought by merck at a huge premium. Nicestock is up 103 , so a return for arqule investors today. , down a downgrade at citi 0. 75 . News we got a moment ago, goldman coming into the wework cleanup. The way it works is, and this is goldman stock, which has been moving around, slightly lower, wework is going to be a borrower with softbank. This is supposed to bacon more palatable to other lenders to make it more palatable to other lenders. Apparently goleman has reached out to other banks to see if they want to get involved as well. It is keeping softbank in the game, part of a restructured doingt plan, 1. 1 billion away. The 5 billion plan will come into place, and apparently this loan structured from goldman should be in place by the end of the year. Guy bonds continued to tell a story that the market is not completely convinced by what is happening here. This is what is happening
Republicans are saying there is not sufficient evidence to accuse the president of these actions and this impeachment is a sham. It is not built on firsthand evidence and they have tried to dismiss the process as not worth pursuing. I was talking to sources over the weekend who are working on the committees with regards to impeachment, and theyre working on drafting articles of impeachment as we speak. When will that process conclude and the committee introduce articles of impeachment . We expect to see articles this week. They will probably be voted first in the Judiciary Committee as soon as wednesday and go to the house floor next week. They want to wrap this up before christmas and right now they are on that timeline. Vonnie what are we looking at in terms of articles of impeachment . At least twoa articles, the first will be abuse of power, that the president abused his power and trying to elicit help from a foreign power. The other will be obstruction of congress and pointing out