Issues that lay in front of me to tackle but how is that transformation going . That is basically the general question for you. And a massive one. Finally, last but not least, we will look at the mexican economy and antonio works at stoneridge these days covering issues related to mexico but is also been at Mexican Embassy and was up for a long time in charge of Economic Affairs there and in terms of the mexican economy if we look at the long term its been a mixed story. Mexico is very successfully integrated into the Global Economy and become a Global Manufacturing powerhouse but at the same time has levels of poverty and inequality there remain quite high. To have someone as part of the victory over the last 20 years in the mexican economy has been achieving macroeconomics ability through the independence of the central bank and fiscal responsibility across party lines and we now have a president that promises to maine pain physical responsibly and keep those things that work well in
The u. S. , waiting for the house vote ahead of that mixed day in european stocks, down for the fifth day in six with luxenberg tying germany, Denmark Germany and the netherlands with the rep stoxx ,0 and the swiss smi, forex currencies rising against the dollar with big moves in the bond market for a second day in the u. S. And eurozone. Outside the eurozone, commodities lets talk about em volatility, the best year for emerging markets stock since 2009 draws to a close and investors experiencing more than just a 31 return with. Olatility staging a comeback price swings on the msci index declined to a oneyear high. Turbulence in the development of equities has dropped. Analysts warned that shares in the developing world do little more than tread water in a year as Earnings Growth set to slow as Risk Appetite will likely wane. Saudi arabia, investors who watch austerity masters, growth over the last couple of years with saudi arabia 2018 expansion. Ebudget yesterday a relief a group say
Is down by about 46 . If anything is dragging things down, in the nasdaq, tech. Apple analysts have been lowering projections for the iphone x shipments in the First Quarter of next year. What apple is doing, it is falling today. Another report by another aalysts saying there could be misunderstanding about whether or not some of these reports about demand for the iphone x relate to the iphone 8 or the iphone x, both came out in the same cycle. Heat suppliers feeling the microtechnology down 20 . On the flipside, retail doing very well. Upys, nordstrom, up, kohls most 5 . Of the most since june after a report in the wall street which mastercard stated holiday sales had risen by 4. 9 between november 1 and christmas whicheve, the best day since 2. Analysts saying that strong sales momentum. Under Christmas Trees compared to one year ago. Some of those may be jewelry. The price of gold approaching the highest close since november of 29th. The safe haven more to do with how investors wait
Meltup as a result. Get the wall street journal editorial board, mary ogrady, Charlie Gasparino, independent womens forum. Patrice. Patrice what do you make of the backup in rates, does it worry you . It worries me slightly. It is important to keep rates down and were doing very well. If the rates are driven about china potentially pulling market we borrowed from them, that is a case for worry. We have such a high market and taught economy right now it is something to keep on our radar. Neil mary, we explained china is thinking about halting additional treasury purposes. I dont think they have been making a lot of new ones. I could be wrong. Japan said much the same. Should we be worried . Im not wore i had at all about the 10year. Neil it is still very low. Not only that were hoping to get back to a normal yield curve. Longer term bond should have higher yields and this very flat yield curve, i dont think was good for the economy. You know, if we were talking about an inverted yield c
Good afternoon. Stocks steady despite jobs and gdp data financials and tech the best performers and telecom and energy the biggest laggards. Bob evans farms soaring, beating Sales Estimates and raising outlook and chicos taking a hit. Comp store sales also missing the mark. Lets get you caught up on latest headlines on har vixt the governmentrun u. S. Flood Insurance Program now says it has already received 35,000 claims, as of noon today and as of midnight, dumped 21 trillion gallons of rain, and its enough to fill half of lake tahoe. And the storm is hitting louisiana now. The state bracing for tornadoes and flooding weve got you covered. Lets go to Team Coverage on the ground in texas. Brian sullivan live in pasadena with the latest on the refineries Contessa Brewer still in houston where businesses are continuing to get back to business. Lets start with you. All right, sara, thank you very much. We want to look at these refineries and show them to you. Right along the buffalo bayou