Others warnings of continued outbreak headwinds plus mobile merger revision, why softbank is cutting its stake in the Overall Company that will be created between sprint and tmobile, and why its so much more likely to happen and shares of deere are up, reporting abunexpected rise in profits, shows an early sign of stabilization for the farm sector coronavirus worries putting stocks on track for a negative week theres a spike in new cases both in and outside of china you got cocacola joining the list of Companies Impacted by the outbreak, saying it expects it will cut quarter earnings by one to two cents a share they coupled that with a 2. 5 div hike and we heard from lulu, daimler and others as the list is getting longer and will get longer from here one of the things people took the cue was from proctor said it was going to hurt us, the stock was up and climbed form the rest of the sector. Why dont we tell the truth . A little too premature, they all presume it will be solved within a
Sluggish commodities demand. Were on tuesday and off to a slightly, what, soft close yesterday for european stocks. Right now were pretty evenlies passed, advancers just about outpacing decliners on the stoxx 600, but not by much, 5 4 if that. So one hour into the trading session, this is where we stand. The ftse 100 just flat, a flat close yesterday. The dax was essentially fairly flat yesterday. Up just ten points. The cac 40 yesterday doing a little bit better, up 0. 2 . First pointing out ftse up 9 out of the last 11. We have seen yields continue to decline in spain. Just 5. 23 , but still capped. Spain requesting financial assistance. Well keep our eye on the uk as we head toward the bank of england meeting this week p. Dollar index has hit a one month low. Youre redollar up to eurodollar up near the high we saw yesterday. Dollaryen moving away from the 7 1 2 month high. Rebounding against the dollar and the euro ir, as well. Priced in a lot in terms of Monetary Policy out of japa
Talk about the tom offensive led joint tonight here in the studio but many of whom is a member of parliament and assistance to Health Advice for the National Financial commission has sent a thank you for being with us also here is the sometimes of under funding and at war with us as well. Also in the channel founder of vocal our opponents and its an ongoing Vice President of the janus who you think women should eat to live you for being with us. First of all flow together to bake and then some and look at the governments wider Charm Offensive to the business well. Connollys continuing the Charm Offensive the heads of thirty companies and into the siemens mobile g m s they arent easy pattern so whats been called a council of attractiveness. The companies invited to a combined annual revenues of eight hundred and fifty billion euros and the president is hoping he can convince them to invest more in front of any at all to visit schools and the twenty thousand Foreign Companies in france i
A lot of Economic Data out this morning, jobless claims coming in better than expected. Core ppi in line with consensus. Retail sales light. As for the picture in europe, take a look there. Really following the cues of the u. S. Markets this morning. Our road map today starts with the fed announcing a new round of stimulus as chairman ber bernanke warps the fiscal cliff is hurting growth. House Speaker John Boehner expected to talk on the cliff talks 11 a. M. Eastern time. Told you this week, of course, they were talking actively, now, Sprint Nextel offering to purchase the other half of clearwire it doesnt own. Surges of best buy surging on reports that the founder is on the verge of making a formal takeover bid. And google maps has found its way back into apples operating system. Of course, we have to start off with the markets. Dows fiveday winning streak has been snapped, despite the fed announcing a new round of stimulus. Chairman ber bernanke say worries about the fiscal cliff ar
To Monetary Policy. Rates will be staying where they are right now, which is close to zero, of course. Until at the very least the jobless rate falls to 6. 5 . We can only cross our fingers wherefore when that might be. Ben bernanke says these changes will make the central bank more transparent adding they can only help the markets. The central bank ramped up its Asset Purchase Program adding 40 billion to its 40 billion a month purchases of mortgagebacked bonds. He spoke about the objectives during wednesdays news conference. The asset purchases and the rate increases have different objectives. The asset purchases are about creating near term momentum in the economy, trying to strengthen growth and job creation in the near term. And the increases in the federal funds rate are about objectives. On that note, lets get dinos take on the latest move. Grpg month. For you, this was expected. The 85 billion was expected. The move to the thresholds, that is, i think, we expected it was happen