Nasdaq up by 16. You have earnings, Economic Data and more fed speak. You have best buy, smuckers and gap all set to report erngs today. Weekly jobless claims hitting the tape at 8 30 avm eastern time and the philly fed survey and leading indicators. After yesterdays market moving fomc minutes well hear from Stanley Fisher today. Here on squawk box well hear from Loretta Mester. Shes the cleveland fed president and she will be joining us at 8 30 eastern time. The bank of Japan Holding its Monetary Policy steady. This despite data that showed the economy there slipped into recession. Also the nikkei closing at a three month high today. Square pricing its ipo at 9 a share. Its not great news because its below the range of 11 to 13 and well short of the stock in the private funding round. Giving them a market cap of about 2. 9 billion. Thats half of the private market valuation just a year ago and could have a huge impact on other private market valuations which of course public funds als
Sense at that point. Nike beating the street. Shares jumping in after hours trade as they post a rise in revenues. U. S. Consumer spending rises in november with americans opening their wallets ahead of the holiday season. All right. If youre just joining us and you cant wait to get trading in the u. S. , this is what were looking at. U. S. Markets called higher so thats what were seeing on the futures board. When it comes to the ftse global 300 were looking at it higher by. 4 or so and were still hanging on to the gains up by around 1. 5 so coming back after the recent elections taking place in spain. Commodities rallying across the board today. You have to wonder why that is. A pick up in industrial Commodity Prices in the trading session but maybe some investors are buying the loser of the year at 60 basis points. We saw that increasing yesterday on the back of the slightly better than expected gdp numbers revision for the Third Quarter coming in at 2 and Consumer Spending fairly ro
Dramatically expanding their hours, walmart on Christmas Eve is open until 8 00 p. M. Target until 11 00 p. M. Coles has been open aroundtheclock, macys as well and that was end on Christmas Eve so if you are in a rush to get what you have and what you need and no time to deliver it these guys are telling you the rush and we are here. Connell mcshane is in the middle of all this in the ring. This is what i love, we have Connell Mcshane in the rain in the middle of all this. You are a soldier of shopping. Connell yesterday we talked about the effect the weather would have on retailers this Holiday Season and we did that report if i might remind you from the comfort of our own studio, today we are doing a record that has nothing to do with the weather and doing it in the middle of the pouring rain, n. Y. City, times square. I love being a out here with the people they you ran through the numbers and these people a finishing up their Christmas Shopping like the rest of us, 36 million is a
Reporter in the last 35 minutes we wrapped up a press conference. We found out the man who barricaded himself for nearly half a day has been identified as Michael Thomas taylor. 10 30 am he surrendered to police and neighbors captured moments on video camera as he came out with his hands up. That happened after hours of negotiations when George Taylor founder of National Veterans homeless support was just called and successfully talked taylor out of his condo. He says he was relieved this was resolved easily and shed light on what happened. Its ptsd. They can lay dormant but when you have marital problems it compounds other symptoms. Reporter this started around 11 00 last night and we was gunfire back and forth between taylor and Melbourne Police who at this time police said they cannot say much about the number or types of weapons that taylor was armed with but we know this started last night with a domestic disturbance call to police. Police say after 1 am taylor started firing and
Requirements adequately. Would you agree with that view . Are you a bank that can anticipate that . Yes. We said when we released our figures that we would have 11 as of 2016 and a leverage ratio between 4 and 4. 5 but beyond that the question i have is, again, what will be the businesses which will make sense. What i mean by this, for our clients, fur our shareholders in terms of dhifringelivering a sut profitabili profitability. This is the question beyond absolute figures which is not clear. We need the rules of the game so we can say thats where we are good. These businesses are well suited for the new world. Thats where we will suggest. Im convinced we have a Good Business portfolio but id like to see clarity on it. You said you want clarity on where you want to invest. We have banking business and Going Forward, beyond the next three to five years because this businesses b to b are we take advantage of their world growth. Second, the retail activities, as ive said, the biggest ch