Earnings. Michael kors go shopping. The retailer will acquire jimmy choo for 1. 2 billion. Big deal in retail. A mixed opening for broader average. Dow industrial opened a 20point. Nasdaq in negative territory. Take a look in germany. Investors eyeing a report on Business Sentiment that hit a record high. One half of 1 . In asia overnight, artist and the flatline as you see there very much fractional move. Korea was the big mover down one half of 1 . Justin bieber says sorry to his fans. While the singer can serve the remaining dates on his tour. Journey to talk about it, fox business upper dagen mcdowell, Jon Hilsenrath of real killer Politics National political reporter, Caitlin Harry burns is here. Great to see you. Dagen amnesty appeared maria amnesty appeared dagen great to see you. I was searching the data listening to the coverage when i was driving around southern virginia. Listening to the Democrat News network. It is amazing how all of these other media outlet cover the presi
Anna a very warm welcome to the program. This is our flagship europe show. Lets talk about what we heard from the fed and what that has done to the dollar. The the dollar the big beneficiary from what we heard from the fed. How the changing expectations from the fed around Interest Rates in 2017 have pushed up the dollar index. The rate went up 2. 75 percent as expected at the fed. The fed also signaling that the economy is strong and will improve and taking what some of our colleagues have called a victory lap. Lets put up the risk radar and on variousere we are asset classes. Weve seen reaction aplenty to what we heard from the fed yesterday. To reiterate what we heard about the dollar, this is the bloomberg u. S. Dollars stop index. What a of focusing on stronger u. S. Economy does to a Global Economy, the preoccupation is on what a strong dollar does to some of the corporate and others in emerging markets and focusing on the negatives there. Dropped to its lowest since march of 201
Sliding along with the u. S. Dollar. The u. S. Dollar is at a fivemonth low because of the interview President Trump gave setting the dollar is getting too strong, and i like low Interest Rates. Well talk much more about this. The dollar is stronger now against the euro. 1. 06 against the euro. Weaker against the yen. 108 yen for the dollar. On todays mick ageeconomic, look for reports on weekly jobless claims Producer Prices and consumer sentiment. Markets are closed tomorrow for good friday. But its not a federal holiday. So the government will release data on retail sales, Consumer Prices and business inventories. Ill roll up to my office in my house, report the news on my video camera. The banks will officially kick off earnings season this morning with results from jpmorgan, citi group, wells fargo, and pnc financial. Wi Berkshire Hathaway is selling 9 million shares from its stake in wells fargo. Berkshire says the sale is not tied to the banks sales scandal. It is selling the sh
Brent lower by a dollar, back below 40, decline of 2. 6 . More on the markets in a moment. First we kick things off with tensions running high on the campaign trail politics turning violent. This weekend, the fists come at a trump rally in illinois. The gop frontrunner blaming Bernie Sanders backers. Look at that person, that foolish person. All right, get them out of here. Get them out. Send them back to bernie. Send them back. This isnt the first time violence has erupted at a trump event. Watch this attack from just last week. Secret Service Agents had to make their move to protect trump after someone tried to get on the stage. If you see somebody getting ready to throw a tomato, knock the crap out of them, would you, seriously. Just knock the i promise you, i will pay for the legal fees, i promise. I promise. Hot rhetoric on the campaign trail. Tensions rising there. And meantime we have exclusive new data on who wall street wants to see win the white house this november. Steve lie
We want to keep an eye on currencies today. The eurodollar trade will be key when we hear mario draghi speak. He can seat euro weaker against the dollar. What we have been seeing is the dollar using steam against the euro and the yen, retreating. Against the yen. I will bring up the dollar yen now. This is all about the u. S. Yield came out of the fed minutes, not just about the prospect of a rate rise, but also the gradual path of rate rises after that, next year. That is what is playing into these currency markets. I cannot bring it up right now, but we are going to be looking closely at the first day of trading for abn amro. This is the biggest european banking ipo since 2007. Abn amro has raised 3. 3 billion euros. Atsold 188 million shares 17. 75. That is equivalent to a 20 ke, valuing abn amro at allowing the dutch government to recoup some of its wanted to billion euros it spent back in 2008 2 bailout this lender. I will bring you an update. Atathan abn amro priced 17. 75. It op