Mixed day with the pivotal meeting of catalonias Regional Parliament coming up. The euro is rising, up two thirds of 1 . Bond yields are gaining. We have had some retail sales data today in the u. K. , retail is the clearly losing the battle against high prices, potentially strengthening the case for the bank of england to raise rates next month. Likeort today showing Product Sales increasing 1. 9 from a year earlier, the fourth straight month of gains. The fastest growth since april mainly driven by consumers paying more for essential items as retailers pass on the impact of sterling drop since the brexit vote. Elsewhere, a mixed day of data for the u. K. , a picture of an economy struggling to gain momentum. And after production rising 5. 2 in august, boosted by better than expected manufacturing performance. Construction bringing back some of the losses sustained in july with a trade deficit unexpectedly widening. And ports jumping. M ports jumping. Jumping. S ahead of the big speec
Rates waeigh. London, seven 30 a. M. In frankfurt or paris. Lets have a look at where the markets open up. Or not expected to go all that far. Some minutes from yesterday, from last night to factor in the things as we start trading in europe. The fed, policymakers suggesting they will take their time, no stubborn inflation threat looming, and lots of trump related uncertainty. , andl policy uncertainty march seems to be less and less part of the conversation when you look at the probabilities of a rate rise and focusing attention instead in the market on the month of may. Lets look at what is moving around on the gmm. The bigis one of factors that has to be worked through the market. The Asian Session was flat, following u. S. Stocks downward initially, then fleshed out as we went to the session. Japan weaker on the back of the yen strengthening. That was a bit of the fed story coming through there. The korean won, but not a magnitude to be picked up on the gmm function. No Interest Ra
Would hire women. That is what he is doing. Hiring first female members cabinet as Trump Administration takes shape. We have he details who is going where coming right up. Melissa back to the markets. The Third Straight record close for the dow and seventh record close since the election of donald trump a few weeks ago. Phil flynn is fox news contributor. Watching action and gold from the floor of the cme. Lori rothman from the floor of the new york stock exchange. Lori, i go to you first. Another record. It was another record. A lot of people were concerned this rally might not have legs today, but that it would evaporate but not so especially with s p in last hour of trading t closed into the green. All the same themes postelection euphoria that was used quite a bit today with tax policy and just an overall progrowth policy agenda from trump. Lets see if he can make that happen in the new year but seasonally strong time of the year. Obviously last trading session before thanksgiving.
He been able to pitch in the big leagues before segregation was ended by jackie robinson. He pitched five years. Age 47 he won a game. The Sports Writer it is his birthday, they say whats it feel like being 47 in the bigs pitching in he said, boys, thats not the way i look add it. He said i look at it this way. How old would you be if you didnt know how old you are . Im 42. [ laughter ] im 42. Look. [ applause ] my wife whos a fulltime professor, right now in the classroom. Teaches 15 credits. No help. She does it you know, no t. A. And she has an expression. She said, joe any countries going to out produce us out compete us. You know it and i know it. By the way of all the things to get in your cities ill bet one of the top of the list is a university in the middle of the city. A Community College in the middle of your city. An Education Institution that attracted new people in the middle of your city. And so heres the deal. We think we think that you should be in a position, america
You see candidates in both parties talking more and more about the challenge of income inequality and the lack of opportunity, and the concern that people have in the middle class that theyre slipping out of the middle class. And certainly the concern that so many have who have not yet reached the middle class that it may be out of reach. These issues have now found their moment. And this conversation, done right, is going to lead us somewhere better. This conversation, if its prosecuted properly, will lead to actual substantive changes of the types that the secretaries were talking about, that will affect our work daytoday. But i think, for us, the price of admission is, we have to demand that this be the core of the debate Going Forward. And i think we have extraordinary legitimacy in this discussion as mayors. I think that the those who seek higher office, federal office, all over this country need to be asked at the beginning of each election and throughout how they will address in