Prove it. Got an insanely addictive gain for econ nerds everywhere. Power lunch starts right now. Welcome to power lunch. Econ nerd Brian Sullivan with three hours left in the trading session. Stocks, as you can see, at session lows, mildly in the green. But if this recent trend continues, it may not be for long. Trying to lead the dow higher at this hour, you got merck and other names out there. As you can see, the dow is up just 19 points. Goldman sachs doing okay. And were pleased to have seema mody riding shotgun with us today. Hi, everyone. Im seema mody. Heres what else is up on power lunch at this hour. Housing starts falling more than expected last month after two straight months of gains. U. S. Attorney general Loretta Lynch says this weekends explosions in new york and new jersey are being investigated as an act of terror. And the National Hurricane center says Tropical Storm lisa has formed in the atlantic. It is not expected to make landfall in the u. S. Lots to get to this
Johnson to read the biggest news fed left Interest Rates on hold. Janet yellen pointing to the fact that the international fedy may be something the needs to think about. Here is our report from the News Conference last night. Reporter fed officials were reluctant to end the time of while policymakers say none of this has significantly affected the economy, they cannot be sure they will not. Abroadlen the outlook appears to have become more uncertain and concerns about growth in china and other economies have led to noticeable volatility. Michael she says she and her colleagues would be reassured if unemployment continues to fall, suggesting the economy is using up slack. Ee the jobless rate at 4. 8 next year. They also see inflation rising at a slower pace. Shows a slower, shallower path of tightening. Just one move this year. A maximum of four by next year. What yellen could not explain well is, given the inflation outlook, why move at all. Ms. Yellen i would like to underscore the a
Anna we have yearnings earnings to get through. Guy this is not sexist. Let me make that crystalclear. Anna it is a music reference. Guy the Australian Dollar, absolutely searching. Surging. Men at work, this is a reference to the numbers that came out from employment. Anna questions being raised, particularly in the last two months how we can rely on that data. Lets get to the breaking news of germany. Monthe the giants, as the , 2. 4 6 billionns euros is the Fourth Quarter industrial business profit. The estimate was just 2. 3 billion. , up to 3 big headline billion euro Share Buyback over the next 36 months. That was something analysts were looking for going into this. Lets get to hans nichols. He has more of the back story. Pathway ns the last buyback was about 4 billion. Dividendig headline, a increase, they are increasing the dividends to three point 3. 5 euros a share. It was that 320 it was a 320. Overall margins are flat down. This year for the last year it was 11. 3 . That ma
Opening, comparing and switzerland. And theynd is drowning defend their domestic economy this morning. I know jon ferro where is he . Somewhere lost with an important conversation. Francine lost in the outs about about the alps franc. British warplanes will target Islamic State in syria, including oil pumping facilities and emma dumps. Thel recently infrastructure targets have not been hit because of the kurdish ground troops. At the climate talks in paris there is a dispute of who will pick up the tab. Developing nations will receive 100 billion a year. China insists when it comes to Climate Change it is a developing nation itself, so they will not be contributing. India and pakistan have agreed to resume peace talks. The two countries have a disputed border and increased fighting and the region has made it difficult to get talks going again. In washington, congressional negotiators are moving closer to a deal that would make a series of tax breaks permanent. They will heat up talks o
And now i realize why people live there. Why do we live in the northeast . It makes no sense. Because of jobs. Good morning, g20 finance ministers are gathering in istanbul turkey. Here at home the employment market front and center. The Labor Department will release its latest job openings and latest Turnover Survey the jolt survey at 10 00 a. M. Eastern and on the earnings front dow component cocacola is among the names set to post Quarterly Results before the bell that means this morning and Pay Attention to currency as well. Well see how Unfavorable Exchange rates may be impacting cocacolas business around the world. Lets also tell you some stocks to watch this morning. Qualcomm agreeing to pay 975 million to the Chinese Government. This settles a 14 month long probe into alleged anticompetitive practices. The second gaps january same store sales decline 3 . Its a bigger drop than expected and that was above wall street consensus and then aeropostale shares soaring on the boost. Fo