This is better than expected. This is two months after brexit. It does call the ones that were concerned. German september e for conference at 110. 5. There is not that much of an impact on euro as we speak overall over concerned about the banks. Well get to that in a second. We do have a great show lined up. We talked european reforms and greetham. H trevor this is the market overall. It has a lot to do with what treasuries are doing. I also put in lira. This is the turkish lira. Ses among emerging market 20 on the markets. Lets get to the bloomberg first word news with nejra cehic. Nejra Deutsche Bank shares have dropped to a record low amid concerns that the lenders Capital Buffers will be undermined by mounting legal charges, including a supplement tied to the sale of u. S. Securities. If 14 million build bill is more than twice the amount the bank is set to buy for litigation. Oil has edged higher as saudi arabia has offered to cut out a door to a future opec deal. Doesnt expect a
Im guy johnson. Lets get you up to speed with whats happening with the markets. Heres caroline hyde. Caroline can we hold onto the gains . Yesterday, we closed lower on the stoxx 600. 200 billion euros wiped out. Even though volumes are down below threemonth averages, the european stoxx 600 is gaining steam. Every Industry Group is currently on the rise. Oil and gas, miners on the up. One interesting outlook for 2016. European stocks are likely to rally 16 for 2016. That from analysts we surveyed. The most bearish sees 10 uptick overall. Jpmorgan saying you are going to get at least a 10 rally in the stoxx 600 next year. Citigroup says we could have 23 . Many feel that weve got another urgent going on, more ecb firepower, so more desire to eown european stocks. Today is all about oil and gas and miners. Brent currently trading up 1 . , wti in thed brent u. S. Managing to gather a bit of steam ahead of production numbers from the u. S. Today and some of the overall concern about the inv
Other indexes. And a new blend. Keurig Green Mountain agreeing to a buyout and those shares are absolutely soaring. Lets get straight down to the trading action this hour. Bob pisani is joining us from the flor of the new york stock exchange. How much of the stock markets drop is due to whats happening with oil and Energy Stocks . Oil and the fed are the two things motivating the market right now, but the problem is there is no trend and thats causing a lot of confusion in the last few days. Just look what the dow has been doing since thursday. Thursday the dow is down 250 points. Friday the dow is up 369 points. Today the dow is down maybe 200 points, we dont know where its going to end up but right around there. Is your head spinning . Mine is. And the Trading Community is having trouble figuring out where they want to go. Fed and oil two big things. You mentioned some big oil names. Theyre all down 2 , 3 . But were hitting a lot of new lows in some of the smaller names, particularly
This jobs report, not this friday, but a week from friday. Speaking of home and home sails, k. B. Homes reports rpgs at 8 30 this morning, and then bill resorts at 4 00. A lot of news items here. President obama addressing the you know General Assembly at 3 00. We are also going to hear speeches from u. K. Prime minister david cameron, french president francois hollande. Theyre still not in the coalition, the french. Panese Prime Minister abe, irans president and iraqs president. We should explain to people that you can stand in the afternoon here on fifth avenue in the traffic, because its not moving, and one cross street will be going, six black cars with a new York Police Officer siren going off stuck in traffic, and theres another one six cars away from you going the other way. You dont know whos in the cars. Thats because theyre also shuffling between the Clinton Global Initiative and the United Nations. So there are policemen everywhere. I was practically accosted by a new York P
Headlines today. Michael mckee examines how hurtas import ban could its consumers. Olivia sterns looks at option plans for sothebys. Lets begin with Phil Mattingly at the white house with the latest on those airstrikes in iraq. Good afternoon. Good afternoon. Wasted littletion time making good on president to get rid ofed artillery pieces and iraq. Fighter jets dropped 500 pound bombs targeting a single or tillery peace. The reason why . A president related out last night. Take a listen. In recent days the terrorist s have continued to move across iraq and have neared a city where american diplomats and civilians serve at our consulates. , i havethe advance directed our military to take targeted strikes against isil convoys, should they move toward the city. We intend to stay vigilant and take action if these terrorist versus threaten our personnel or facilities anywhere in iraq. Officials say that didnt fact happen. Artillery was targeting kurdish Ground Forces in an area where u. S.