1 trillion stimulus package heading down south, maybe. What Goldman Sacks is reportedly thinking of doing. Its monday, december 7th. This is Worldwide Exchange. Good morning, good afternoon, or good evening welcome from wherever in the world you may be watching. Im Brian Sullivan thank you for joining us here is one reason to like this monday there are 25 days left in the year 2020. It cant get out fast enough can we agree lets see how your money looks now. Futures are down about half a percent down dow off about 133. Wall street coming off another good week for stocks the dow was up last week thats the ninth record close of the year on friday of course, its not just the dow. The s p and the nasdaq also closing at record highs. Thats the first time the three have done so at the same time three years. Thats an rbi for you. Hard to believe but true one thing watch, of course, inside the markets is this increasing growing fight between socalled value and Growth Stocks the two kind of at a
Largely in the red you can see other than spain, lets call it even for the uks ftse crude oil also important to keep an eye on, given the moves last week the tenyear yield came off. Still working off a big employment number on friday. Well see if theres follow up to that and theres wti hanging right below 44 lets get to our road map this morning. And it starts with stocks. They are coming off a volatile week that ended in the green were going to take a look what to expect this week ahead of fed chair janet yellen appearing on capitol hill wednesday and thursday and secretary Steve Mnuchin said a plan to raise taxes for the wealthy to pay for middle class tax cuts is not being considered were going to discuss what should be expected, if anything, from the administration when it comes to tax reform. And amazon prime day is upon us. The deals start at 9 00 p. M. Eastern, but will they be big enough to boost the bottom line . Do they really need anything more im gearing up 20 , up 20 . Wha
The previous was just higher than that 111. 7. It was expected to come in at 112. Of. Both the numbers coming in slightly below expectations. The gdp data we had earlier about ten days ago now. The euro is at session lows down about half a percent. Germany has been a price the german tax so far is up better than 10. 5 and closed on a record high on friday. The economy continues to show signs of improvement. Jobless claims coming down. Unemployment rate at 6. 57 . Its been falling steadily. Absolutely. Lets get a reaction from the chief european economist. David, a better day in germany recently. This coming against expectations. Slightly weaker. Yeah. Consistent with germany and consistent with the eurozone more generally seeing expansions. Thing is one of the key things about greece going on. Europe is generally surprising on the upside. Overall we said the youren economy now has just turned the corner even before the ecb Bond Buying Program has begun. Yeah. Weve had several quarters
Buyers back in the showroom . That and more tonight on nightly Business Report for monday, march 3rd. Good evening everyone, alongside susie gharib im tyler mathisen. Stocks sold off as jittery investors reacted sharply to the conflict between russia and ukraine. All three major indexes had the worst oneday slides in a month taking a queue. The buildup over the weekend sparked a stern condemnation from the white house. What cannot be done is for russia with impunity to put its soldiers on the ground and violate basic principals that are recognized around the world, and i think the strong condemnation thats received from countries around the world indicates the degree to which russia is on the wrong side of history. As russia tightened the grip, it was risk off in the equity markets with russias tumbling 12 and Russias Central Bank was forced to hike Interest Rates to keep the value from plunging even more. Volatility spiked at exchanges around the globe as investors pulled money out of
Incentives to get would be buyers back in the showroom . That and more tonight on nightly Business Report for monday, march 3rd. Good evening everyone, alongside susie gharib im tyler mathisen. Stocks sold off as jittery investors reacted sharply to the conflict between russia and ukraine. All three major indexes had the worst oneday slides in a month taking a queue. The buildup over the weekend sparked a stern condemnation from the white house. What cannot be done is for russia with impunity to put its soldiers on the ground and violate basic principals that are recognized around the world, and i think the strong condemnation thats received from countries around the world indicates the degree to which russia is on the wrong side of history. As russia tightened the grip, it was risk off in the equity markets with russias tumbling 12 and Russias Central Bank was forced to hike Interest Rates to keep the value from plunging even more. Volatility spiked at exchanges around the globe as in