Now Strong Enough for a december rate hike . A lot of things happening today, but first of all, a very Big Development in the president ial race. Eamon javers joins us in d. C. With more details. Eamon . Mandy, thats right. A blockbuster report here in politico. Com this morning. Politico reporting that ben carsons campaign is admitting that a central piece of his biography was not, in fact, correct as reported by him in his own books. Theyre saying ultimately ben carson was not ever an applicant to west point. In his books ben carson wrote he applied to west point and was offered a full scholarship after meeting with general william westmoreland. Politico reporting that the Carson Campaign is now saying that, no, in fact, he was never offered a full scholarship to west point. In fact, west point is tuitionfree for those offered admission. Theres no such thing as a full scholarship in any case to west point. This follows on a number of controversies for ben carson and his campaign whic
Japanese exports were weak. Not a lot of macrodata on tap. Shares of boeing and gm both higher in the premarket. Better than expected quarterly results. Lamb research buys koa. Western digital buying sandisk, the price 19 billion. Well have the ceo of Western Digital later on the program. And coke reporting a mixed ka quarter. First up, upbeat earnings news from boeing better than expected Third Quarter results on stronger demand for commercial aircraft. The dow component raising their full year guidance and theres gm beating the street with its q3 profit and revenue. Cfo Chuck Stevens this morning on squawk box. A strong truck market a strong suv market is helping, but i think also its our view and our continued focus on driving cost efficiencies and if you look at the material performance and the cost efficiency that we had in the Third Quarter overall about 700 million, a lot of that accrued to north america. I think its seizing the opportunities from a market standpoint but also co
Are half an hour into the trading session. Julie hyman has the latest and a different picture today thanks to mario draghi. Some also thanks to retail earnings. Seeing an overall lift in stock markets. All three major averages are trading higher. If you take a look at my terminal, Consumer Discretionary and utilities are the best two performing groups. Consumer discretionary gaining along with those earnings. Utilities doing well as we continue to see that slump in bond yields. We are seeing quite a lot of news coming out. It plans toouncing buy back 12 million of its share. Foot locker out with numbers that Beat Estimates. The shares are rising after it raised its forecast for the full year. The company is putting itself up for sale. That rising in terms of retail. More news in retail. Even though the Company Numbers missed estimates, it cut the fullyear profit forecast. Finally abercrombie fitch, a lot of optimism. It is finally taking hold. Hollister sales, up 3 better than estimate
Busy week. What are the real themes is, what is happening with the dollar . The dollar index is tracking back towards 100. Were very close. Be a bigt 100, it will deal for the market. It is driving commodities, driving the emerging market. We havent hit it since march the 13th but it is going to be a big, big theme of the day. We are joined by david owen. He is managing director and chief european economist. With him in a moment. Hero stories you need to know this morning. Brussels remains locked down as this as the authorities keep the city on maximum terror alert. The issue of terrorism will dominate a meeting of European Finance ministers as they gather in the belgian capital this afternoon to discuss the budget. The commodity slump is deepening with oils and metals retreating. Crude has extended its decline with venezuela predicting prices below 20 a barrel and less opec takes action. The San Francisco fed president has reinforced the view that there will be a rate hike next month.
The green. We had Economic Data that beat estimates. In some cases, we saw consumer inflation rising of the biggest backtoback pace since the spring, giving more material to those who think the fed will raise rates in december, and perhaps that the economy is on better footing for a to do so. If you look at an intraday chart of the s p 500, we see quite a lot of volatility. Stocks are climbing to the highs of the session around 11 30 a. M. , and then taken a couple of legs down and up throughout the day. We have had some headlines about events around the world that, if not directly linked to the attacks in paris, at least there is, perhaps, a perception in the minds of and that investors that could be a link. There is a little bit of trepidation been expressed in the markets today. Look at treasuries as well. There has been quite a bit of selling of treasuries on the Economic Data, and now there appears to be some buying of treasuries that has led yields to be unchanged. A couple of re