The nook. Crook. Ok with a let me just mention mcdonalds. Potentially third consecutive month. Four states go to the polls today. Vote onork, we get to the Party Nominees for governor. President obama is meeting with congressional leaders on how to deal with islamic state. Lets look at the clarity of the data check. The turn to the equity markets is all about currency this morning. We will address this through all of bloomberg surveillance this morning. On to the next screen. The fix. Vix. A little bit of angst on monday. Sterling continues to get crushed. Gold is doing a turn. Lets get some dollar perspective. This is the plaza in new york. Strong dollar. In this has been the persistent decade trend. Were at a critical junction. These are standard deviations. We dont discuss those in september. No one is talking about the currency war, but we are not ready to proclaim this an era of strong dollar. Everyone is saying we are almost at a critical junction finally. In other words, the lon
Welcome to countdown. Im an edwards. Bloomberg reporters are standing by ready to deliver the stories of will drive your day. Caroline hide his year with a look at mark carneys warning to. Nvestors Ryan Chilcote is following the u. S. Response to rising instability in iraq. His own way. Going hans nichols is in berlin to see why the move may use tesla. The bank of japan sticks to its stimulus plan. John dawson has the latest details from hong kong. That could threaten britains recovery and rate hikes could come sooner than markets currently expect. Thats the warning mark carney gave it the annual Mansion House address. Business correspondent Caroline Hyde has been following the events. Good morning. How soon will the rates rise . Its the impossible question. Stands atmoment it april next year. Be could see many speculating and Interest Rate hike as soon as the end of 2014. Even if this is the most hawkish we have heard him basically since hes taken over at the bank of england, this is
Points, the s p 500 took a breather and slipped by a fraction. The blue chip dow is just points away from a new milestone of 17,000. And s p 2,000 is also pretty close. The nasdaq adding nearly two points, but these puny gains and losses are a far cry from the summer tradition of dramatic reca rallies. Our guest tonight says the slow growth grind in stocks is also a good thing. So jim, tell us why that slow and steady like a tortoise is actually a good thing for the market. Well, i think, susie, that it does not as long as it goes up slowly, it doesnt bring out the worst investment behaviors. I think if it starts to run people panic. They start to chase it and start to make decisions too quickly and too aggressively to not miss out. And i think in a slower moving market it lends itself to greater rationality which makes the market more selfsustaining. So far that is kind of what weve got and i think it probably has further to go. Were probably going to see a little the irrational movem
Points, the s p 500 took a breather and slipped by a fraction. The blue chip dow is just points away from a new milestone of 17,000. And s p 2,000 is also pretty close. The nasdaq adding nearly two points, but these puny gains and losses are a far cry from the summer tradition of dramatic reca rallies. Our guest tonight says the slow growth grind in stocks is also a good thing. So jim, tell us why that slow and steady like a tortoise is actually a good thing for the market. Well, i think, susie, that it does not as long as it goes up slowly, it doesnt bring out the worst investment behaviors. I think if it starts to run people panic. They start to chase it and start to make decisions too quickly and too aggressively to not miss out. And i think in a slower moving market it lends itself to greater rationality which makes the market more selfsustaining. So far that is kind of what weve got and i think it probably has further to go. Were probably going to see a little the irrational movem
Points, the s p 500 took a breather and slipped by a fraction. The blue chip dow is just points away from a new milestone of 17,000. And s p 2,000 is also pretty close. The nasdaq adding nearly two points, but these puny gains and losses are a far cry from the summer tradition of dramatic reca rallies. Our guest tonight says the slow growth grind in stocks is also a good thing. So jim, tell us why that slow and steady like a tortoise is actually a good thing for the market. Well, i think, susie, that it does not as long as it goes up slowly, it doesnt bring out the worst investment behaviors. I think if it starts to run people panic. They start to chase it and start to make decisions too quickly and too aggressively to not miss out. And i think in a slower moving market it lends itself to greater rationality which makes the market more selfsustaining. So far that is kind of what weve got and i think it probably has further to go. Were probably going to see a little the irrational movem