Is it the nondecision. Is that how it should look at it . Tom that is what i am hearing from my colleague. Mike will be in washington at 2 00 p. M. Everybody looking for to december 16. Some of the challenges. You see it in the red headline. The norwegian sovereign wealth fund. The 4 return showing the challenges of working across assets. Jonathan it is remarkably difficult for the norwegian sovereign wealth fund. We will be talking about the carpet number of the bit later. For now, lets get the bloomberg volkswagen is feeling the pain. Vw posted a 3. 9 billion loss in their thirdquarter. Its first loss in 15 years. German automaker has had has said expectations will be lower than they were a year ago. It is cost vw 7. 4 billion which is more than the Company Originally set aside. Barclays has gone to the u. S. For its next ceo. Jes staley will take over. At one time, he was considered a likely successor. Three much ago, barclays fired its chief executive. Chairman wanted to cut cost a
England keeping rates at a record low. 5 , where they had been since march 2009. The division was interesting. The sold a center, he has been the sole dissenter. He has voted for an Interest Rate hike will stop what is interesting, some of the comments in the minutes that accompanied the Interest Rate decision. The bank has domestic spending subdued, overseas demand. The officials within the bank of england say they have a range of views on inflation risks. This is a big one, the Oil Price Drop suggests continued subdued inflation. Interestingly, since the last meeting of the bank of england at the beginning of november, brent crude has sunk i16 percent. That puts downward pressure on inflation which, as you know in the u. K. , is negligible, down to. 1 . The bank has cited in the past and emergingact markets impact as well. Those are the two impacts weighing on the u. K. Economy. The domestic economy is resilient, as shown by the latest gdp data which grew by. 5 . But i think the big
Dominated the market so far in 2016 was back again today. The slide steepened late this afternoon, despite earlier gains, gains that the market just really couldnt hold on to. All three major indices falling 2 or more, now in correction territory. The Dow Jones Industrial average plunged 364 points to 16,151. The nasdaq dropped 159, nearly 3. 5 , and the s p 500 lost 48, trading below 1900 for the First Time Since september. And the selling occurred despite a modest rise in the price of domestic crude, very modest. For the year, the blue chip index is off about 7 , the nasdaq down more than 9 , and the s p 500 is also off 7 . Bob pisani explains why this market just cant seem to catch a break. Reporter it was another day where traders just wanted to take down their exposure to the overall market. Everything was down 2 to 3 from auto stocks to financials to health care to technology stocks, virtually everything. Theres a similar pattern in the trading activity in the past few days. Stoc
Dominated the market so far in 2016 was back again today. The slide steepened late this afternoon, despite earlier gains, gains that the market just really couldnt hold on to. All three major indices falling 2 or more, now in correction territory. The Dow Jones Industrial average plunged 364 points to 16,151. The nasdaq dropped 159, nearly 3. 5 , and the s p 500 lost 48, trading below 1900 for the First Time Since september. And the selling occurred despite a modest rise in the price of domestic crude, very modest. For the year, the blue chip index is off about 7 , the nasdaq down more than 9 , and the s p 500 is also off 7 . Bob pisani explains why this market just cant seem to catch a break. Reporter it was another day where traders just wanted to take down their exposure to the overall market. Everything was down 2 to 3 from auto stocks to financials to health care to technology stocks, virtually everything. Theres a similar pattern in the trading activity in the past few days. Stoc
Its been true for six years. This shows. I mean, two years left. You could be more moderate because youre going out. Hes showing his true colors. Neil why would he do it . Theyre historic enough, they dont have to worry about history. He wanted to be a president in the mold of Ronald Reagan, not in terms of ideology neil but Ronald Reagan was pragmatic. Reagan was a movement leader, but also a political leader. He knew that life does not go in a straight direction, that you have to make changes. Make comprises. Just dont lose your focus. You will eventually get big things done. With obama, its my way or the highway. In his mind, obama thinks hes done it. Hes done it on health care neil a talked to a number of businessmen, those who were big backers of the president who said, i elected a slightly left guy. Thats what they describe him as. And i had no idea he was this left. Why the surprise . Or is it just the timing of the surprise . I think even those who are true believers, many true