Look at oil prices. It has been one of the keys to working out what is happening in the markets at the moment. The oil route continues. I have a wti chart here. In the far righthand corner, we see 34. 59. Arab opeca meeting of members in cairo over the weekend. The Iraqi Oil Minister talking about how we do not need to be pessimistic about oil prices. A similar message coming from the qataris. Spain faces unchartered Political Uncertainty this morning after the Prime Minister lost his majority in an inconclusive election. Thety lost a third uncertainty may see spanish bonds open lower today. Brent crude fell to its lowest level since july 2000 or amid the speculation that supplies pricesacerbate a global are down 37 this year. Iraqs oil minister says oil well bounceback because the current price is hurting reducers. He did not say when that would happen but insisted that market fundamentals are strong. Toshiba slumped the most in seven months. The comments came after the nikkei said to
Harvard Business School is here. Nejra cehic joins us now. Republicans and democrats are condemning Donald Trumps call for a ban on muslims entering the u. S. Trump wrote a Statement Last night at a rally in south carolina. Donald j trump is calling for a total and complete shutdown of muslims entering the United States until our countries representatives can figure out what the hell is going on. Jeb bush called trump unhinged. Chris christie said this is the say whenhing people they have no idea what theyre talking about. Beijing haven raised in air pollution alert to the highest level. The smog is seven times the level considered dangerous to health. Beijing has suspended schools and banned outdoor barbecue. Oscar pistorius is now free on bail. Under housein arrest while appealing his murder conviction for killing his girlfriend. South Africas Supreme Court of appeal overturned his lesser sentence of manslaughter and convicted him of murder. You can get more on these and other breaki
Deficits. Instead, we have seen the fastest Economic Growth in over a decade, our deficits cut by two thirds, a stock market that has doubled and held inflation in the most and 50 years. 15 years. Among proposals, higher taxes on the wealthy were hiring employers to offer paid sick leave. The republican response was given by newly elected senator joni ernst of iowa. America has been hurting. When we demanded solutions, too often, rob washington responded with the same stale mindset that led to his policies like obamacare. It is a mindset that give us political talking points and not solutions. Remounted japan, the central bank has cut inflation forecast and kept its stimulus in place. The bank of japan says prices will increase in the next fiscal year. The bank of japan says Lower Oil Prices will hurt efforts to reflate reinflate the economy but will help growth in the long run. Now the mystery of the new England Patriots paired according to espn, 11 of the swell football for the patri
Why google could be turning into movers competitive competitor. Welcome. Will get a chance to see the impact of lower crude prices. Bp reports earnings. The earnings are due in under an hour with the backdrop of the employee pay freeze. The central bank became the latest to cut the Interest Rate overnight in response to the deflationary impact of the tumbling oil prices. We will have more on that. Lets go to Ryan Chilcote in london. I believe that it is snowing outside. You can tell us in a moment. Capital expenditure and dividends. Yeah. What is falling faster . The oil price or the snow. Perhaps it is the oil price. Look, we have seen the earnings and we will be looking at the oil prices and the expectation on fourthquarter profits dropping. Nothing particularly surprising about that. They all reported profit declines and the oil price fell. They have a unique problem with exposure to russia and it will be interesting to see how the ruble the valuation affected profits there. We will
Every day bets on how companies will do and when the bullish bets overwhelm the bearish once, you get days like today where the dow gained 60 points, the s p climbed, while the nasdaq inched down. 2 , but are these bets informed . Or are they just guesses . It depends. Sometimes as we know from the confusing minutes released by the Federal Reserve this very afternoon, it is really difficult to get a good read. I couldnt make heads or tails out of whether the fed thought the economy was Getting Better or worse. Thats largely because the traditional benchmarks and toe tums arent making sense right now, sometimes even sending us in the wrong direction. Yet its confusing out there. Ive been doing this for a long time. Its confusing. In fact, i think you can say this is a temptations market. Weve got multiple balls of confusing. The most glaring example, for years weve looked to the direction of Interest Rates to gauge the economys strength or weakness. Interest rates going higher, we know