Checking with equities on the cpi print really playing out in some senses. Its a bit of a core reaction to it by equities, but tech dragging the Hong Kong Market down, in particular. That is the yuan at the bottom of the screen. Trading the onshore yuan. Theres a look at chinese or should i say, Hong Kong Markets and tech as well. Yvonne its not just the yen against the dollar, we are watching most of these majors, especially when it comes to the euro. The end this weakest than stew thousand eight against the common currency. We are eyeing 145 for dollaryen right now. Joining us now is our effects and rates strategist, michael wilson, with more. We are getting close to those intervention levels now. Are we really focusing on this now . Are we likely to see anything . Michael good morning. Just above this 145 level, i would think not. I think we have to Venture North of 146, 146, 148. It would have to be done in quick fashion to get the ministry of finance hot and bothered. The way that
Nasdaq declining. We have entered the heart of earnings season. These moment where is the reports are fast and furious with the headlights blaring and free markets all over the place are among the most challenging times for all investors. What makes dealing with this cacophony of earnings so tough . Its subjective. I view the companies as being similar to the way teachers grade tests. We do have the occasional true or false quiz, sometimes multiple choice and the essay. The subjective essay that needs to be read beginning to end. You want to figure out how well the company did. While you often hear that such and such a Company Reported a good quarter i reserve judgment based on the kind of test being administered. Sometimes the answer is obvious. Johnson johnson delivered a monster quarter with a terrific top and bottom line beat. As stellar sales of all the new drugs stole the show. It was unassailable. Therefore, j js quarter was a true or false test. Im checking true to the line tha
At the same time for americans detained by iran were released. The Obama Administration calls it a coincidence and denies it was a ransom payment. The 400 milliondollar payment settled a debt which dates back to 1979. They kept the payment secret and used Central Banks in Foreign Countries to convert dollars into other currencies. Josh earnest tried to explain why. The fact of the matter is the United States does not had a banking relationship with iran. A banking relationship with iran. Responded to the report saying this. Our incompetent secretary of state Hillary Clinton was the one who started talks to give 400 million in cash to iran. Scandal. And now two more americans have been detained in iran. They joined me join me now. Good afternoon to you and i want to ask you they are saying that this is actually two separate deals. The arms deal which dates back to 1979 and then the hostages is this a coincidence or too close to call it anything but pain for the hostages . The reality is
172 and the nasdaq down. 4 , 20 points, trading pretty narrow at the end of august. Vonnie taking a look at the bloomberg, the top markets and the movers we will see in europe , of about. 5 to 1 . U. S. Here in uws in the there will not be that Much Movement although we are seeing consolidation and moves higher at the u. S. Dollar index. When it comes to sovereign bonds, there is not too much going on. Oing nowhere fast financials saying early this morning in terms of commodities, you see the index down almost 1 including gold and crude oil moving down intensely today. Ago, apple a few moments on pace for its worst day and four weeks. The longest streak in nearly cointreau months. There was a bit for hershey that fell apart. Aboutseeing it now up 3. 7 , hershey down at 10. 9 . Vonnie trading about 11 higher , 80 right now. David mark crumpton. Just thinking about the apple story we were following. The white house same the Obama Administration is concerned take thetax tears will brunt o
Saw thousands of people in jersey city after the attack. They say it never ever happen. Ben pier one import robbed. He is on the loose somewhere. It is still gushing this morning. They have a lot of these flooding issues. That is the challenge. One hundred plus years old. Rosanna boil your water. Do not just start drinking it from your faucet. Being totally laid back. Lets take a look outside if we can. Of enhancing. We are here from the holidays. At one point, i was in total denial. Greg thanksgiving is going to be like 60 degrees. Disintegrate by 10 00 a. M. Tomorrow. Rosanna tomorrow he will definitely be in lala land. Greg lets go for a nice peaceful holiday. Rosanna i will try to not eat as much so thursday i have a little bit more room. What do you think . Greg you are supposed to practice getting big. If you three straight yourself until thanksgiving, you will get fuller faster. Start loading up now. Rosanna i start out like this. I am on a diet. Right . Very strict. Like four o