Emma its very, very, very quiet today. Clearly people, traders still enjoying christmas break. Not many of them at their desk today. The theyre going nowhere, and what we saw in the s p, volume opened was at about half of recent averages. Europe is closed, as you alluded to there. The next biggest market trading today is the nikkei, and that saw volume down about 44 f. We look for anything that may be dragging things down, its the tech sector thats down about 1 , and thats probably why were starting to see a few moves. And then lets look at apple, because thats one of the things thats been dragging things down this morning. We saw analysts have been lowering their projections for the iphone 10. They said shipments in the First Quarter next year are going to be much lower than expected. They cited lackluster demand. So what were seeing is a number of main apple suppliers falling today. And analysts see a 22 drop from their prior estimate in terms of demand for the iphone 10. So skyworks
The economy. We keep edging closer to 3 on the tenyear treasury. 386 as of now. Consider this. More Big Companies are giving bonuses. Uhaul is the latest giving 1,200. Thats stimulus. Paychecks going up. Thats stimulus. Government spending going up. And infrastructure package evolving big spending that looks more and more likely. So what happens to Interest Rates . If they go up sharply, expect a reaction on the stock market. Today, the freeranging immigration debate begins. Well see the infrastructure plan. And just wait until you see how the media fawned over north koreas propaganda chief. And now watch this. The new look Varney Company is about to begin. Stuart i do declare we like it. Look at that. The new look debuts today. I see heavy use of gold. Ashley yes. My only concern is theyve blown the budget for the year, but i do love it. I do love it. Stuart i would like to have been airbrushed a little bit thinner. Liz right . Stuart i like the old. Liz you are smiling. Its sharp and
Im a total loser. Im with you. You are with me i didnt mean it with me. Sounded just like you did lets look at futures, of course speaking of exciting, our markets have been exciting lately a higher open this morning after that turnaround yesterday, european markets and well answer and assume well have spain and italy in there there they are all down this morning. Spain the worst performer of those european markets the 10year note yield was a concern. The budget deal exacerbated concerns about a growing deficit. Will we be able to finance it without rates moving higher . Whats the feds role going to be there you see it 2. 866 is the current number. Lets get to the road map. It starts with the stock market seeking stability after those recent very volatile days. A higher after being in the red for most of the morning. Twitter shares are up more than 25 right now in the premarket the social Media Company reporting its first ever net gaap. They didnt fall into the gap any soared into the
This is the stoxx 600. We see a little bit of pressure, down from 0. 6 . We saw a mixed session in asia trading. And we have this pressure on bond yields. Around the world. This served the boj into action to keep rates from getting out of whack. We have a good interview from our tim ross yesterday. 223. E, 1. 4 coming up on bloomberg surveillance, the speakers to the chief Financial Officer as the danish lender unveils a 1. 7 billion buyback plan. A little later, its the brexit show. We areb ack on were back on track and we discussed trade. We also discuss jobs and growth with roubini. The bank of japan has announced the first unlimited fixedrate bond purchase operation since july, seeking to assert control over the nations yield. The central bank offered to purchase 10 year notes over a fixed rate of 0. 1 and expanded purchases at the regular operation for the second time this week. The boj target for the 10 year yield is around 0 . Lester they offered to purchase an unlimited amount
An historic and agreement on Irans Nuclear program. The u. S. And other global powers will ease sanctions that have crippled irans economy. That is likely to lead to iran selling more oil, sending the price of oil down by the most in a week. It will have a 60 day review by congress. Israel says it will lobby american lawmakers to reject it. We will hear from president obama in about an hour. You can watch it on bloomberg tv at 7 00 eastern time. Greeces Prime Minister will not be able to count on his own coalition to support pension costs and tax hikes. Tsipras admits the austerity measures to Parliament Today will be set for tomorrow. Lawmakers must approve the legislation before talks on a new bailout. Paul krugman told Bloomberg Europe wanted to less screen to let greece no who is in charge. Paul krugman this is not about how much greece is going to repay, it will be about greece suffering. There is no escape. You do not get away from anything. And greece has made it clear that they