In the equity markets the consequences of foreignexchange with the losses they have. When you get wiped out within the Retail Businesses or face challenges in terms of the margin call, what will that do to the rest of the assets that you hold to meet the margin calls . Will you have to sell equities, will you have to do vest yourself of assets to meet the margin requirements in the margin calls . Equities at a cracking week overall, up almost 3 overall. All of the frenzy if the swiss abandon the cap because they dont see any value in defending themselves anymore, what does that mean for the European Central bank in terms of quantitative easing . We have had the best week so far since december 2013. The yen is rising, swiss franc puts we are waiting for the market to open. The swiss market 4300 put options, a rise of 15,000 . People saw that rise 15,000 . Even i love that figure. Maybe the horse has bolted, as they say. Smi down 2. 5 . The biggest losers today, the exporters, the ceo of
Ulse. If they are having to cut Global Demand for the first time in five months. Overall, the ink the price of oil will rise. They are seeing a nonopec output estimate. The chunk of global out of its that opec does not control but would like to see cut may actually be cut. That is good news. It is anyone within the opec complex but they have been cut by the iea. These guys want to see it handinhand with them as we try to manage the markets. We can see what is happening here. We are up over 1 as you can see. Switching directions. Yesterday confused them. Some interesting headlines coming out of the iea. The Swiss National market to raise the cap on the swiss rank. It is surging as much as 41 yesterday. Lets figure out what is happening here. Hans nichols is in zurich. I guess the morning after the night before. The morning after there are two questions dominating the conversation. What does this do to the swiss economy . The middle companies have a high labor costs. They still pay in sw
Great is it on the Rearview Mirror . You watching Market Makers. We have breaking economic news. The fed index, scarlet fu has the headlines. We are going to cover it here. The philly fed index coming out at six points, way under expectations. It is the worst since march 2013. 2013 . Pardon me, march 2014. Everyone is talking about how strong the u. S. Economy is, how great we are doing across the board. This is a surprise. I did not expect this. Horrific retail Sales Numbers yesterday for the month of december. Two pieces of Economic Data about the pace of the u. S. Economic recovery and ultimately , not just the demand of consumers. We are going to talk about the greatest buying opportunity in the month of january. Top Global Finance and business stories of the morning. Switzerland rock Financial Markets around the world. They lifted its policy of capping the swiss franc against the euro. A huge move against the dollar. Swiss stocks plunged. Switzerland is an export reliant nation by
Off. The state of the consumer. The Consumer Confidence index is out now. The state of the consumer is strong. How the consumer is feeling. The university of michigan Consumer Confidence reading coming in at the highest level in 11 years in january. We know what has been fueling these numbers, lower gasoline prices and more job gains. People are feeling more confident that preliminary reading of Consumer Sentiment at 98. 2 the highest since january of 2004. The reading today is better than economists had projected. We are looking at the expectations index. It shows not just how consumers are feeling right now but how they expect the economy to do and how they expect their own personal finance to do. That number coming in ahead of estimates at 91. 6. This is in line with some of these other Economic Indicators that weve gotten recently. This would seem to be a positive sign. Thank you so much. The top business stories of the morning trading has not opened yet. The latest pending news fu
James who, they are say sng the british actor and comedian made a debut as one of americas biggest chat shows. Hello, again. We are going to begin in iraq. They are joining in the effort to recontrol tikrit. Flights were requested by the Iraqi Government over tikrit last week. This map here, the areas in red across syria and iraq show the parts of these two countries controlled by isis. They are backed by iran. So far, they have been unable to gain control or enter the center of tikrit because of the resistance they are encountering. Government forces hope once they capture tikrit they can use it as a spring board to get to mosul in the north. Our correspondent is on the front line. Reporter this is the road that leads to tikrit eeriely silent. The city is now surrounded. No surrender. The man leading the offensive is the commander of the brigade, one of the strongest militia backed by iran. Translator we are not in a hurry. Every day, we are killing a lot of them and destroying their