, i still bit coin see a Financial Stability risks. Often, risks threatening Financial Stability rise when there is exposure of the Banking System to fluctuating asset valuations. See anyally dont significant exposure of our Core Financial institutions to threats from bit coin, if its value were to fluctuate. See a threat to our Core Financial institutions. Undoubtedly there are individuals who could lose a lot of money if bit coin were to fall in price, but i really dont see that as creating a fullblown Financial Stability risk. Michael mckee, last question. I suppose i should be asking you a valedictory question, but i dont you can topple you have already said, some of a do a couple of cleanup questions. President trump all you were speaking said he thinks his tax plan will produce 4 growth. Do you think that is possible . Second, do you think that there is any fed blame or complicity in the flattening of the yield curve and do you worry that their might be some sort of policy mistak
Live from new york where business never sleeps, this is squawk box. Good morning welcome to snark box. And whats new about that andrew is off today sitting in with us for the hour is Peter Boockvar, editor of the boock report very clever. Well done. Boock report yes i like it also a cnbc cribber we have a lot to talk about. Lets start with the u. S. Equity futures. Rattled rattled. Dow was down by 16. The s p was off by 3 nasdaq down by 10. Its the first time the nasdaq and the s p have fallen in 2018 it had a sixday winning streak up to that point well watch things this morning. Right now modest advances with the dow futures indicated up by 20 points. S p up by 4. Nasdaq up by 7 well see. Still early in the session well see as we head towards that opening bell what will happen overnight in asia, stocks in hong kong closing higher for the 13th day in a row, extending the record rining stre inwinning st index. Shanghai up by 3. 2 the dax is the biggest decliners of europe, down by 0. 2
Investors await gdp from the world secondbiggest economy. Will it accelerate for the First Time Since 2010 . Anna welcome to the program. This is bloomberg daybreak europe. This thursday morning here in london and lets start with the overnight session over in asia. Weve been going through the day , we were in positive territory just a couple of hours ago and now were down about. 4 it would waiting for a did lose your data out of china. The growth story for the Fourth Quarter. Industrial production and retail sales due out as well. A strong session in the United States yesterday, the dow closing at 26,000 for the first time. Visit smoke and mirrors or earnings and growth . One of the key questions the market will deal with as we head into tomorrow. The couple of things keeping the markets on edge at this age. This stage. We have a story that says some at the bank of japan think that at some point, talk of normalization will be needed. Thats about as close as we can get to any change in
South Africa Jacob Zuma his party meets today in another bid to oust him from the presidency it could be the end of his political career the new leader post a sixteen and pushing him out. Knitting for the war effort most turks support the countrys offensive against kurds in syria those who dont are being targeted by the government. And in football vertebrae in rebounding will have the highlights from that point of the match. Almost comical to have you with us in her first interview since clinching a deal for a new government has a question for him or said she would step down early to make way for a new generation of leaders the german chancellor has faced growing dissent from within her own party as just to put together a new Coalition Government well talk about that in a moment but first this report. Angela merkel hits back critics she has vowed to stay on. The for years what a help promised and i am one of those people who keeps their promises matterless come under criticism from wit
She probably wont live to the age of fine. The Program Dream aims to prevent a mother to child transmission of a child. The German Aids Foundation is supporting the project in mozambique give a baby a future make a donation. Financial markets in for an even bigger shakeout a strong rebound on both sides of the atlantic signals the politics here to stay but some experts say the downward swings could grow. Rebuilding iraq a country and bruins ravaged state seeks billions of dollars in reconstruction funds anyone listening. And millions of chinese will have to celebrate the new year without the explosive power of fireworks whos going to scare away those bad spirits. Lets do business Everybody Loves a roller coaster ride unless youre an investor of course the last couple weeks saw the new york stocks down ten percent officially entering a correction this week trading got underway there with the dow jones leading by three hundred points at the start of wild volatility by fears of growing in