Are banks back . Scott, look at it this way. The fourth time weve had this conversation only to have our hearts broken 60 days late whir the fed doesnt raise rates. A great trade. Investment . No. Banks arent ready for primetime. A sector that will lag against next year if the fed doesnt give 50 bips at least of rate hikes. Think dont make money. Roi, absolutely terrible. Anybody on the other side of that . No one likes the banks here and thinks theyre back . Two things. Kevin is absolutely right. Where rates are right now and where pretty much everyone predicts theyll be for the foreseeable future, not good investments. Not great businesses. Kevin probably wouldnt invest in a Community Bank that walked up to him and said this is what we have in front of us to make money, but how much of that is already in these names, and how much of what were seeing is the condition now has the opportunity to change beyond six months. I dont think anyone here knows the answer. Because your guy krinsk
Sherry swensk < skies are cloudy and the ceiling is low this morning. Temps are mild with the overnight clouds. Right now we have a lot of 40s again. The humidity is high now after weve had a few round of light showers that started early yesterday morning. This first system is now exiting east. And making way for a larger and stronger system hitting california. Heavy rain is slamming the central and northern coast and there are plenty of winter storm warnings and flood watches for california today and tomorrow. We will look for rain later in day near noon and expecting the snow to pile up in our local mountains as well. Lets get a check of < Demetria Obilor accident reported in northeast on southbound i15 past lamb. Definitely looking damp in be careful roads could be a bit slick. Accident in North Las Vegas at craig and pecos. Accident on rancho, north of vegas. < < back to you. brian loftus were learning more. About new years eves Deadly Police shooting. Kirsten Joyce police shot and
Talking about the weather Sherry Swensk skies are cloudy and the ceiling is low this morning. You cant see the strip from our stratosphere camera right now. Temps are mild with the overnight clouds. Right now we have a lot of 40s again. The humidity is high now after weve had a few round of light showers that started early yesterday morning. This first system is now exiting east. And making way for a larger and stronger system hitting heavy rain is slamming the central and northern coast and there are plenty of winter storm warnings and flood watches for california today and tomorrow. We will look for rain later in day near noon and expecting the snow to pile up in our local mountains as well. Demetria, how are the roads this morning . Demetria obilor building fire on las vegas boulevard and agate avenue, which is south of pebble in the south valley. Police activity on the north delays on southbound i15. < < back to you Kirsten Joyce all three democratic president ial candidates are Pl
Manus you are welcome to countdown. Anna welcome to the program. Weve got to talk about what we have seen coming out of japan this morning. A real surprise. Let us show you what happened to the dollaryen as a result. Economistst of 42 expected any expansion of stiff a stimulus and none of them godicted that rates would negative. That underlines how surprising this was. The yen instantly weakened. General kuroda really kicking the yen back down. . Ill it last canmuch of an effect quantitative easing continue to happen on market psychology . A chart showing the diminishing effect of the general kuroda surprise. We will also hear from him in. Close davos. The equity side of the story is this. We dropped 1. 7 . Youre still looking at an overall loss for the month. Up 9 . Tate is rocking, securities and commodity futures are ramping higher as well. The bottom is the bank banks. 330 Companies Reported on the topics today. They are mixing their profitability targets. Commonwealth bank of aust
On the high side when it comes to bonds. How many . Were in the record zone at the moment. For germany, the dutch and french. Were seeing record low yields. Keep an territory eye on the debt market. Money going into bonds as we saw yields in japan died lower dive lower. Up we go. We see the yen fog. The dollar higher, the yen lower. As i said, oil trading got much higher today. That is on the back as the talks from opec in russia. Could they come together . 2. 2 . Seeing brent up lets check in with those movers this morning. Weve got results and changes at the top. Up. A samara sky, 1. 5 . More as rupert were going to wait for the message to open. Gamesa to open. Back to you. Guy thank you very much. Let me get to this chart. This chart here absolutely spiking. Zooming ahead. Consensus is what bernstein said this morning. Leading the stoxx 600 now. Lets find out what is been going on in terms of asian trading. Shery ahn is standing by. Give us the full impact of what the boj did early