Wall street is looking for any clarity on stimulus following President Trumps tweets, suspending further negotiations until after the election yesterday but calling for targeted relief since then for airlines, Small Business and a new round of 1200 checks. Eli lily saying its seeking emergency use authorization for antibody treatment dr. Gottlieb says its a major step forward got a bit of reversal from yesterday. Quite so. On todays show, restauranteur danny meyer putting out a plea for lawmakers to come up with a stimulus plan. He will discuss what it would mean for the Hospitality Industry if help doesnt come through soon plus kara swisher on whether any of that will mean real change Steve Liesman has the fed update for us, and joining us to break it all down is jeff sherman from double line capital. Steve, lets start with you. Wilf, thanks. Fed officials in their meeting from september had begun to have concerns about the possibility additional stimulus would fail in congress. They
Here in the lion city, we know that stocks and bonds are getting sold off. We have not seen those in a while. We are seeing a lot of red. If you think about how we got that harder than expected u. S. Ppi hotter than every economist projections, it is raising concerns of a hawkish tilt from the fed. As we wait for the u. S. Central bank to connect those dots, we are already getting the Chinese Central Bank keeping rates unchanged on the one year, as expected, but this is appointing some corners of the markets that were holding out hopes of a reduction. Csi 100, hans singh dragged by tech names. You can also see in australia, the financial, the miningrelated stocks are the big losers today as we see iron ore approaching the 100 a ton level. On the japanese yen and chinese currency, we are seeing the dollar story play out, and the yen is in a tugofwar between the boj and fed, and the tiebreaker could come in the form of durango today. We saw the pboc coming through with a strongerthanexpe
It is just past 9 00 a. M. In australia. Betty its after 5 00 p. M. In new york. Im betty liu. We have breaking news right now. Exchange,ptocurrency japans Financial Stability agency, fsa, will be issuing an improvement order to coin check on monday. This is according to the nikkei. This follows that fascinating story that arrested on friday evening wear coin check, essentially came out and said they were packed. A group of hackers took 500 million in Digital Currency out of the cryptocurrency exchange. Really, a story that highlights how risky it is to be in the cryptocurrency market. Risk in a litany of risks if you are a crypto there. It unveils how much in terms of the propulsion of cryptocurrency around the world are being stolen by hackers. This is one of the biggest heist in history. 500 million worth of digital tokens per you can argue whether that is real or not, given the rise and fall of bitcoin. Still, another risk to think about. Exactlyour money, not safe and cryptocurren
A train carrying crude oil derails and catches fire in West Virginia. The second Major Incident involving an oil train in the past few days. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Lets get to our top story and the Athens Stock Exchange is down 3. 3 . It follows significant declines yesterday. That followed a positive return of 23 . Last two days seeing it turn markedly. Lets look at greek bond yields also showing a spike in yields surrounding the situation. Ten year just shy of 10 and three year moved over 1 today. This after another round of talks between the euro group and greece over its bailout broke down. The finance minister called demands that athens would complete the program as absurd and unacceptable speaking this morning as he arrived. He remained confident that a deal would remain reached. Next step is the responsible step. Europe will continue to deliberate in order to enhance the chances. The euro Group Chairman has given gree
A plane land at the wrong missouri plane last night. The flight to chicago midway was scheduled to land at the nearby Branson Airport with a longer runway. Nobody was hurt. Thats the good news. It is not clear whether the plane landed at the airport by accident or whether there was an actual emergency. And picking up on what becky was talking about in news around target, Neiman Marcus is saying thieves stole some of its customers payment card information and made unauthorized charges over the holiday season. No estimate yet on how many customers may be affected. Reuters reporting that target and Neiman Marcus may not be the only u. S. Retailers breached during the Holiday Shopping season. Three other wellknown retailers were hit with smaller breaches than the one that hit target using similar techniques. Walmart tells cnbc it did not suffer any Security Breaches over the holiday, so we can cross that one off the list for that. Meantime, back to becky with a lot more news on target. Tha