Interesting to see what effect this has on the markets. We have about four days left for you to get your portfolio in order for the final close of the year. Francine i do not know what we do, whether you bet on policy at top you listen or these indices going higher populism or whether these indices go higher. Found one ofa has the flight recorders from the military plane that crashed in the black sea. All 92 people were killed. Officials say the crash was unlikely to have been caused by terrorism. President elect donald trump is questioning the effectiveness of the United Nations. In a tweet he wrote the yuan has Great Potential but has become a club for people to have a good time. Pledging to work for a ceasefire in syria. Turkish Authorities Say they betweenilitate contact the Syrian Government and the opposition to end the civil war. To seek a truce in syria and hold peace talks. In germany, a new poll shows they believe 50 believe Angela Merkel will be able to deal with the problem
Trump as i have said from the beginning, ours was not a campaign, but rather an incredible and great movement. Made up of millions of hardworking men and women who love their country, and want a better, Brighter Future for themselves and for their family. Francine trump said Hillary Clinton called him early this morning to concede and congratulate him on his win. The republican victory has roiled the global markets. I came in about eight hours ago and it was definitely a surprise when we first started having the count in. Since, markets ever coop raided a little bit. I wonder whether it is because we do not have a full policy. I wonder whether donald trump tried in his triumph speech to reconciliation United States. This is the msci world index. Volatility still spiking up. To watch. The sectors we have been talking about pharmaceuticals. Watch out for the european banks. Again, this is the one we have been watching over the last couple of weeks. It is clear that health care, because H
Conversation. Scarlet lets check in with julie hyman. Are you going to stand in lines with the tsa . Julie i will be in traffic, but i will not be in the tsa line. At least i get to listen to my music in the car. Lets look at the stocks heading into the Holiday Weekend. We are seeing a bit of a live we await comments from janet yellen. We are seeing a bit of optimism and stocks. Health care is at the top spot at the current time followed by Consumer Discretionary and financials. A list for those cyclical groups after they took a positive yesterday. If you look individually at the stocks contributing the most in point terms to the games today, you have alphabet rising after googles victory in court over oracle late yesterday. It was a patent fight that had to do with the genesis of android. It looks like european regulators are coming out with different regulations for drugs. Dragging or limiting stocks gains today are apple. Analysts said that despite the come for his efforts in china,
Will be for a breakout. We are talking about friday. Alix how the project on the downside when the defensive stock is already that defensive . Were going to discuss oils bl ull market with ed morris. He is bring his new call on oil. Yes, we have a little bit of strength in europe. Here futures are stronger but again, lack of conviction. Jonathan stocks go nowhere. Put that in a headline. That is the story with the ftse softer. The s pby 2 points on 500. No big moves. Eurodollar, one word, stable around 1. 12. Dollar oscillating throughout the last 24 hours. The dollar index was up for a fourth day. Then we rolled over. Been a choppy few hours of trading. If you look commodity markets, there is a theme. The pullback continues on crude. It resumes down by 1. 7 . Copper getting interesting, racing the gains for 2016 so far. We have the import data out of china on copper. Injectingows, uncertainty into commodities. Yields, the focus throughout this week, fiveyear yields. Were up a basis po
Janet yellen begins her speech by making the case that the labor market still need improvement. But how much or how the fed might accomplish that is a tricky question third as the recovery progresses, assessment to be labor market needs more nuanced because of the considerable uncertainty about the level of employment consistent with the mandate. She spends the rest of her speech discussing those nuances. Why has Labor Force Participation dropped . She says that is a key question for policymakers. What portion of the decline in Labor Force Participation reflects structural shifts and what portion reflects weakness in the labor market . She runs through a number of other indicators asking why parttime employment remains so high. Why the quits rate is moving up. She talks about wages. You should see wages go up, but if they dont, maybe it doesnt mean there is lack of the market. She doesnt say that Wage Inflation is a problem. She says the fed has 19 indicators theyre looking at. Improve