Will bring you the headlines through our surveillance today. Impressed with how quickly the headlines are moving at a rapid speed. Lets get the bloomberg first word news. Vonnie it is day three of france president s Francois Hollandes push against the Islamic State. Today he talks with german chancellor Angela Merkel who says germany is ready to strengthen its military commitment to relieve a french forces. Belgium is searching for another terror suspect that was seen driving a car with one of the suspected organizers of the paris terror attack two days before the attacks occurred. So far belgium authorities have arrested five people. The unprecedented lockdown of brussels is slowly coming to an end. Nato is ordering deescalation after turkey shut down the russian warplane. They called for further contact between turkey and russia. In new york russian and u. S. Diplomats met. According to a Russian News Agency russia would be willing to accept a new agreement on airspace if nato came u
Dollar bid for the swiss agri giant. U. S. Futures point higher after a roller coaster session yesterday sending the s p into negative territory for the year. We are waiting for a Volkswagen Press conference to begin. The car maker says it will bring us up to date on the diesel issue and reorganization of the group. Its due to start any minute now. We will bring you that live when it does start. The co2 part of the emissions scandal now as bad as feared but it was a much smaller percentage. It involves 2 billion euros that they set aside just in case so maybe they wont need to tap those reserves. We should point out that vw shares we are rising today in german trade up sharply following a surge. Its coming in better than expected than what they initially feared. Exactly right. Co2 is coming in better and it will be interesting to get this is the first Big Press Conference with the new ceo and the whole team lining up but well have a listen in now as the ceo begins to speak. Its good yo
Part of this, at least with wti is because that january contract rolled. Youre looking at a february contract. We were already in a february contract for brent but every time you see that roll youll see prices come up slightly. The question is whether they can hold on to that. It would be under 35 i think if you just added 28 to where we close. Did that start yesterday . I didnt notice it late yesterday. Yesterday morning it was not. It was weaker yesterday morning. Was it rolled already . No, yesterday morning we were still january. Lets tell you about whats else is going on. We have a flood of Economic Data coming up. We have a final read on 3rd quarter gdp and at 10 00 existing home sales and the richmond fed survey. Dow component nike is posting quarterly results. Shares of that company up more than 35 this year already. A big day for last minute shopping and shipping. Its going to have 36 million packages today. Meantime amazon prime says its consumers have until midnight eastern
Terms of what were communicating. The ruble recovers from its biggest daily loss in 16 years, but russias woes claim another victim. Shares in Italys Saipem plummet. China has its biggest daily rise in over a year with banks and grocery stocks leading the way. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Brent and wti are currently trading lower after bouncing back during the u. S. Session yesterday. They are up today, up 0. 66 and 0. 23 respectively. Wti crawled back around 5 of recent losses to move back above 65 a barrel. Some oil drillers have responded to operations by putting their operations on hold. Operators around the globe are looking at stacking their rigs, meaning making them temporary idle. The 3406 is aimed at lowering costs despite the offset in the market, but remaining ready for reemployment when it recovers. Imf chief Christine Legarde says while low oil prices are good news for the u. S. Economy, they do add a threat
Speaker of the house of representatives the speaker pro tempore pursuant to the order of the house of january 6 2016, the chair will alternate recognition between the parties with each party limited to one hour and each member other than the majority and minority leaders and majority whip limited to five minutes but in no event shall debate continue beyond 1 15 p. M. 1 clop 50 p. M. The chair recognizes the gentlewoman from california, ms. Roybalallard, for five minutes. Ms. Roybalallard i ask unanimous consent to address the house. The speaker pro tempore without objection. Ms. Roybalallard mr. Speaker, the primary responsibility of congress is to keep our nation safe. However, we are 133 days into the 25th fiscal year and the department of Homeland Security is without a budget. The department is trying to fulfill its mission under the uncertainty of a continuing resolution set to expire in 18 days. Last week the department of Homeland Security submitted its fiscal year 2016 budget bu