One was anticipating. You know the Central Banks are good about telling the markets what theyre going to do in advance and when that doesnt happen you see swings like this. The Swiss National bank coming out with its news saying it was going to delock the swiss franc from the euro. Since 2011 they had been tying the currency cap in 2011. Swiss national bairng was saying you had to have 1. 2 swiss francs to the euro. They let that go unexpectedly. Moved 30 . Basically 120 euro. 120 swiss francs to the euro. Yeah down. 86. Right. Its complicated stuff and theres a lot to get your head around but this is a massive move. Weve never seen a currency swing like this before. It was also the u. S. Dollar we saw the swing against because the dollar was high against the swiss frank because it was tied to the euro. When they let that go it was a massive snap. So it had been that they were benefitting by being tied to a weak euro but it wanted to go much higher and obviously i want it wanted to go
Were off to the races now. Heres whats happening before the bell. Quarterly results from jp morgan and wells fargo. The economy also front and center and topping todays calendar Weekly Mortgage applications. Import and export prices. Business inventory and the feds beige book plus we have a little bit of focus overseas on the ecb. Top European Court giving a green light to a Bond Buying Program and thats heading out to speculation that well see more stimulus out of the euro zone when they meet next week. Take a look at futures at this house. The dow not so great. Dow looks like it would open down about 57 points down. Nasdaq would open down about 11 points down and the s p 500 would open down off about 6 points. Check out what could be the chart of the morning. Something we dont mention that frequently perhaps. Maybe we should mention more copper because it is a weather for Global Economic activity. Prices plunging to the lower level in half a decade. Prices down as much as 8 at one po
Thats a question researchers are asking today after they found a human gene with a power to protect brains from the dreaded disease. Here with more, dr. Robert malilo, president of the International Association of functional neurology and rehabilitation and he is cofounder of brain balance achievement centers. Great to have you here, doctor. Great to be here. Gerri tell us about this gene. For all of us aging babe bp boomers i think this is good news. This is good news. Basically weve identified a gene that regulates basically selfdestruction of our brain over time. Meaning that this gene, when it is turned on it protects us against what we call oxy date tiff stress, which is basically stress on the brain and that causes degeneration. Gerri good news, it is inside your body. When youre a baby you have this bean. It is inside your body all the time. Could we find a way to flip it on and off . I think so. That is really the key thing. Youre talking about nongene mutation where the gene i