Our Investment Committee today will debate it we are in the red for the s p and the dow. Were off the session lows like carl pointed out, it may have had something to do with the headlines coming out of the new york Governors Press conference where he mentioned a phased out idea starting this friday the dow industrials only down 140 points the s p down the nasdaq is tech stocks up half a percent 9165 the level there our Investment Committee are making some moves today. Steve, youre seeing a couple of things happening in your portfolio. What have the recent moves done whan and what are you trading in and out of im not trading out of much i did sell some peleton. It worked out tremendously well. Not quite a double but fairly close. I still have some left what ive done is and i did this on friday afternoon is i added to baba in expectation of disney opening in china because i thought that would lift the market ill reduce that position back to a core position i bought some out of the money
And the next bank of england governor is to be named later. Say fda head and you bailey is in pole position. Paul lets check on how we are doing in the markets. Australia just opened. We have a staggered open, so very much early days. Ever so slightly higher. New zealand continuing to build on record highs that it reached thursday, up. 5 right now. Nikkei futures looking kind of flat. We are of course waiting on numbers, cpi numbers for november, expecting to see a slight uptick mainly inspired by the sales tax. We also have futures just coming online, looking flat as well. Lets check in on the first word news and get over to jessica summers. Central banks made headlines with policymakers in swedenying on hold but swimming against the tide and ending half a decade of negative rates. Bank indonesia kept its key rate unchanged for a second straight month, saying the economy and exports will rebound in 2020. The boj also held as expected, with the governor echoing the more optimistic tone
Its very serious. Given the seniority of individuals that are involved, it is, yeah, very serious. As hundreds of thousands count the cost of the woodford scandal. Mr woodford . . We confront the man himself. Bbc panorama. What do you say, sir, to the people who trusted you, put money in your fund and now they cant reach it . Its all about guessing which way the financial wind is blowing. In the city, fortunes are made and lost on predicting which direction things are heading. For many of us, whether we like it or not, our Financial Security is tied to the ups and downs of the stock exchange. Now, that means we depend on those who manage our cash getting it right more than they get it wrong. The government changed the rules to give people the freedom to invest their pensions wherever they like. So, hundreds of thousands are getting more involved in this high risk game. Beryl is a retired secretary from harrow. Now, she wanted to make her savings go further, so she invested in a fund th
That are involved, it is, yeah, very serious. As hundreds of thousands count the cost of the woodford scandal. Mr woodford . . We confront the man himself. What do you say, sir, to the people who trusted you, put money in your fund and now they cant reach it . Its all about guessing which way the financial wind is blowing. In the city, fortunes are made and lost on predicting which direction things are heading. For many of us, whether we like it or not, our Financial Security is tied to the ups and downs of the stock exchange. Now, that means we depend on those who manage our cash getting it right more than they get it wrong. The government changed the rules to give people the freedom to invest their pensions wherever they like. So, hundreds of thousands are getting more involved in this high risk game. Beryl is a retired secretary from harrow. Now, she wanted to make her savings go further, so she invested in a fund that was recommended by a friend. The Interest Rates started to drop
We are seeing a markets trading sideways. A lot of the focus is on potential risks and the potential headwinds that could hit the markets quite hard. A lot of it to do with geopolitics. Keep an eye on the u. S. China trade talks. You can see the stocks europe 600 gaining. A similar move for the s p 500 futures and the 10 year yield is at 1. 54. Coming up, we will be speaking to the shell chief executive. Dont miss that exclusive interview just after half past 10 this morning. Lets get straight to first word news in new york city. Balance sheet growth resumes for the Federal Reserve chairman Federal Reserve, chairman Jerome Powell says dont confuse this for qe. In no way beuld confused with the largescale asset purchases. Neither are the recent technical issues nor purchases of treasury bills we are contemplating to resolve should materially alter the stance of monetary policy. Chairman powell also hinted at the possibility of another rate cut. He was confidence the economic expansion c