It is an extraordinary day. We are to have a conversation here on what do you do with your money given what we have seen. The fed upstaged by the bank of england today with actual talk about the process to affect negative Interest Rates. Jon they have stepped up the flirtation, that is for sure. In the last 24 years, the whole thing is relatively ridiculous. Theyre forecasting 4 unemployment for 2020, 2 inflation with rates still going nowhere. If they are willing to tolerate that, rates are going nowhere for a long time. Tom the dissidents of the press conference was some really weak questions. Right near the end, mike mckee stopping traffic with a question about the efficacy forward, the path forward for the fed. It is a mystery. Jon you brought up this News Conference a couple of times. Do you want to vent a little bit . Tom im going to vent. Im doing this with jon, who has real experience in europe. The questions that the ecb and see morengland informed them what we see in washingt
With tom keene in new york. Deutsche bank is down 7 . M the idea of a cash call being had. I can maybe make a guess. What are they waiting for . They have to go out and recharge. It has been years and years and years. Maybe this 14 billion love note is another catalyst to get them there. Francine they say they dont want to pay 14 billion. May they will get a better deal. The analysts guessed 5 billion. Im not sure how how they got it so wrong. Lets get to the news. Angela merkel is promising to do everything she can to hold the European Union together. They are meeting in bratislava brexit plot their post course. British Opposition Leader Jeremy Corbyn says his labor party is looking to norway when it comes to the brexit. Norway has exit to the e. U. Single market but is not in the e. U. Itself. Maybe we can learn a great deal from norway. After all it has a successful economy. It is based on oil. It is a much smaller society strongrs but they have a social democratic tradition. They h
I am Jonathan Ferro joining you and london with tom keene london. So much news. What takes your fancy . Up we go, we will re liquefy. Navigate that, and at the same time is tweaking communication. We will discuss that. Lets get to vonnie quinn with bloomberg first news. Ta recall of defective airbags is more costly than the multimillion fine. They will no longer use takata airbags. That was their biggest customer. Honda says that they misrepresented and manipulated test results. They say that theyll use a more inflatedemical to its airbags. The other airbags caused eight deaths. Say that the fine could be a record. The russian jet apparently had no warnings of trouble before it crashed in the egyptian desert. Includees black boxes no discussion of mechanical or system problems. All 224 people on board were killed when the airbus crashed. Most were russians returning home from vacations in egypt. Bodies were burned. Most of them will be identifiable. News of a diplomatic salt between ch
Decision. More importantly, the ecb, they will be issuing their statement a. M. Ecision at 7 45 a. M 7 45 this morning. Cut expect druggie to rate. Draghi to cut rates. We will have Michelle Meyer with us as we see this decision and press conference. Anything goes even what we have seen overseas with the markets. In the meantime, back here in the u. S. , the parade of earnings continues before the bell. Aetna, gm, 20th century fox, and aol. We will pay close attention to aol, because the ceo of the company, tim armstrong, will be on later with us. After the bell, news corporation, linkedin. The olympic guys begin today in sochi. One guy is trading three lightbulbs for a doorknob in his room. Data check. Equities, bonds, currencies and commodities. One screen today. Futures are up nine points. The yield is back up, a good sign. Calming the market at 2. 67. Your wreck euro goes nowhere. Here is what i am looking at ahead of tomorrows jobs report, dollaryen. Weaker yen over the recent mon
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