That says that Fund Managers benchmark. Eight the how much of europe they have over the normal recommendation about 4 . Of that is the lowest exposure of europe in 15 months. Equity markets are opening lower. There is one story that finally has arrived and we have the numbers. It is the Foreign Exchange investigation which bloomberg started. It is a day of reconciliation in terms of the numbers. 3. 3 billion the u. K. , switzerland, and the united states. It could be up to 5 billion and globally, 40 billion. The markets are a little lower. Rbs saying how disappointed he was with the charge levied against rbs. They are fully protected and fully provisioned. Ubs up three quarters of one cent bumping the equity market trend. The whole rate litter can only charge them. The cftc and the fda. The americans and the swiss along with the u. K. , two quarters of a billion dollars. That is a considerably the lower the market had estimated so far. Ubs havingon and the to say measures. Hsbc, of cou
This morning, we are asking you what you think about that 1 trillion budget spending plan. Give us a call. The numbers are on the screen. Also contact us through twitter, facebook, or email. If you havent had a chance to read that 1600 budget 1600 page budget, we will do our best to break it down for you over the next two hours ahead of the action on the house floor expected on that bill. Here is the front page of the Washington Times membersculation about of congress and what happens today and a few others with the spending bill. If you want to talk about what is specifically in that bill, turned to the front page of the Washington Post today with the graphic epics it down. That breaks it down. It does not include entitlements like Social Security or medicare. What it does include is defense spending and nondefense spending. Washington post highlighting some of that spending. And for more on that, we are joined by ed okeefe, the congressional reporter at Washington Post. Think you for
Of best buy plummeting in the premarket down 30 after reporting u. S. Comps for the Holiday Season fell 0. 9 percent. Jcpenney cutting Underperforming Stores and cut 2,000 jobs to save 65 million a year. Citi results were short of estimates and goldman beats on earnings and revenue. And United Health Beat Estimates by one cent a share, increase in enrollments helping there and cms missed by one cent a share. Best buy tumbling after reporting u. S. Comps for the Holiday Season down 0. 9. Citing intense discounting by rivals and supply constraints for key products and significant declines in traffic and what it calls a disappointing mobile phone market. Best buy saying it sees Fourth Quarter operating margin coming in below yearago levels. We know what a high flier it was last year guys, but to lose a 30year value before the market and many millions of shares trading before the bell. This was a case we were joking about it, remember when one after another after another analyst was upgrad
Securities, the gauge rode to a sixweek high. This morning, u. S. Equity futures are indicated up slightly, up by about seven points. S p futures down by over a point. Nasdaq up about a point. And the tenyear note, this is what weve been watching so closely. The tenyear note at some point is yielding 2. 8 . Exactly. Thats been driving the direction for a lot of these things. Moving up yesterday was around 2. 78. But 2. 8 is where people start to sit up and take note. Just under 16,000. Vix at 14. Tenyear, 2. 8 . Im not ready to say anything yet. Are you . No. But you wonder, if you looked at november every time there was a dip, people jumped in and bought. Thats not happening. No, no, bring that last one back up. We cant say anything. Look at that. Does that look any different than anything else . You know whats weird, is the dow had its biggest look at those others. I know. But weve gotten so used to gains. Look at september, look at all, look at june. Down, slightly back up. The dow
Delayed nine projects by over a year. The cherry creek bridge in monroe county, pennsylvania. This is an area thats flood prone, that was struck by Tropical Storm lee and hurricane irene in 2011, and the reconstruction for the damaged transportation infrastructure should have started pretty much right away, but fish and wildlife review delays alone cost us two years before construction could even begin. So senator ben nelson recognized this problem, a democrat from nebraska who served in this body recognized the problem and offered a bipartisan amendment for the last highway bill, map 21. What his amendment would have done, it would exempt roads and bridge repair projects from federal environmental permitting if the road and bridges were destroyed by a declared emergency such as superstorm sandy, for instance, and provided that the reconstruction would occur entirely within the footprint of the existing structure, the original footprint. Unfortunately, senator nelson never got his vote