Surveillance. We will be joined bygood mornind welcome the irish Prime Minister for exclusive interview. Ursula vontalking to. We will also speak to theresa may. Earlier i spoke to Philip Hammond. Now, before we get to more talk from davos, lets get straight to the bloomberg first word news. Imfs managing director has urged Steven Mnuchin to explain his comments in which he appeared to back a weaker dollar. To its lowestd level since december 2014 after mnuchins endorsement. We have said an hour presentation on monday that the u. S. Tax reform is likely to strengthening and the mediumterm in the mediumterm. I really hope that secretary mnuchin has a chance to clarify what he said. Nejra donald trump has said that he quote would love to talk under oath to robert mueller. He is investigating whether anybody close to him colluded with russia. The met last month with special Prosecutors Team and have been speaking by phone as part of a continuing it changed continuing exchange. Donald trum
Similar decline for the hang seng shanghai off by 0. 3 then in some early trading that weve seen here in europe, you will see things are higher in most of the markets. Germany is the one counter indicato indicator. The cac is up by a half percentage point stocks are higher in london as well checking out things, the yield on the tenyear, 2. 648 . Yesterday the dollar skidded to a threeyear low after those comments from treasury secretary Steven Mnuchin, embracing potentially a weaker dollar and it would be good for trade dollar down across the board again this morning the euro at 1. 2413 the yen at 109. 01. Oil at threeyear highs. Whoa. 66. 04 for wti, and brent at 70. 78 a barrel. Lets get to the sttop stories. Treasury secretary Steve Mnuchin making more comments about the dollar in davos. Saying the administration is not concerned about the level of the dollar in the shortterm at a press conference yesterday he said the weaker dollar is good for the u. S then wilbur ross came on our
As nbc confirms a report that the president ordered Robert Mueller fired, but backed away when the white House Counsel threatened to quit. Im willem marx in london. Lvh shares beat expectations for the Fourth Quarter as Chinese Shoppers buy more handbags and champagne. And shares in swiss fragrance and fragrance manufacturer rise in net profit and a planned hike for its dividend welcome to street signs. We are awaiting President Trumps speech later today, but the president ahead of that speech telling cnbc that he would consider rejoining the Transpacific Partnership speaking to joe kernen in davos, he said he was here to negotiate. I like bilateral because if you have a problem you terminate. When youre in with many countries like with tpp, so you have 12 if we were in, you dont have that same you dont have that same option right somebody asked me the other day if i would do tpp. Heres my answer i would do tpp if we had a much better deal than we had. The deal was a horrible deal naft
Exchange. Im wilfred frost. Im Courtney Reagan in for sara eisen on this friday morning. We made it absolutely right. Happy friday lets get to Market Action we did see a half percent of gains for the dow yesterday. The s p and nasdaq just either side of flat week to date, all three are up more than 1 the dow slightly leading the pack is up 1. 2 . We expect a small positive open today. The dow up 34 points tenyear treasury note, we have seen yields slip over the course of the week. Even though the theme of the year has been a steep ee eenenel curve, we have had a flat yield cur curve. Looking at trading overnight, japanese nikkei average closing down just slightly thats about the only average in asia that closed lower for the session. You can see the shanghai higher by a third of a percent. The hang seng up 1. 5 . The dollar was fluctuating yesterday between second starety mnuchins comments about the dollar and President Trumps comments to joe kernen later on. So asian equities we know
Center for economic law. It is my pleasure to introduce our lunch speaker, kevin hassett. Many of you may know kevin. He is currently chairman of the council of economic advisers and before that, was a senior ekeehn mist. Held the james q. Wilson chair m American Culture and politics at the American Enterprise institute. Aei, where he was one of the leading thinkers there. And before joining aei, kevin was senior economist at Federal Reserve board. Now any of you who know kevin or have seen him speak know he is a clear thinker, a straight talker, and says what he thinks. And he is, i think, serving the administration, the country extraordinarily well. The format were going to used to is question and answer. I will lead off with a question or two for kevin. And he has been kind enough to be willing to accept questions from the audience. He has hard stop at 1 30. Lets keep that in mind. Lets have a round of place for our panelists this morning, first. [ applause ] thank you. Im going to