Stocks are taking a hit again. However, were off the session lows the dow was down 166 points at one time now they are off by 91 points. The s p is on pace to close at about a threeweek low as for the nasdaq on pace for its lowest close in two weeks. The russell 2,000 is down for Third Straight day that index is down about 2. 5 for november thank you very much welcome, everybody the annual advisor out here well talk to some of the smartest minds about investing to the record rally, to the trump agenda to this low volatility market. Its high energy here. Were get the advisors take on the gop tax plan and some best ideas for the new year well hear from the ceo of schwab lots to get to from the windy city back to ireland bound bryan at hq thank you bow tie it is what most of you watch its less obvious but equally important. There are some potential warning signs flashing from one big part of fixed income. Its called the yield curve. Lets get straight to the trading action lets get to what
The fed raises Interest Rates and says it will start unwinding its 4. 5 trillion stimulus programme. But is the us economy really Out Of The Woods . Plus roam if you want to. The eu scraps extra mobile charges for travellers from today after a decade long battle. But will users end up footing the bill anyway . Welcome to World Business report. Im sally bundock. Also coming up the end of an era forjapan inc. Toshibas set to sell off its Chip Division as it battles for survival. We start in the us where the central bank, the Federal Reserve, has raised the cost of borrowing, as was widely expected. Its the second increase in three months, and comes despite some fairly mixed data on the health of the us economy. Lets show you the details. The fed has raised its main Interest Rate by 0. 25 . That takes its target range to between 1 1. 25 the highest it has been since before the 2008 financial crisis. And its set to go higher the fed is forecasting one more increase this year. It also annou
We are 30 minutes away from the open in china and hong kong. A down market at the start of this trading week. A lot of event risks on the horizon. We hear from President Trump in of first joint Session Congress speech. We are seeing a stronger yen, weighing down the japanese markets. Lets get straight to Sophie Kamaruddin at the market board for the latest. Asian i down monday for stocks after a weekly gain of. 5 . A lot of event risks on the horizon given trump and yellen due to speak. Gdp datahe lookout for from india, australia, china pmi , Housing Starts and capital spending. Inanese shares focused today. , so setei 225 down. 9 for a fourth day of declines. Some equity movers in focus, toshiba falling 3 , the day to day swings as speculation around its chip unit sale. Friday, it announced it may consider selling a majority stake in its chip unit to a thirdparty, but chipmakers also in the red. In korea, the kospi in the red. Deepening losses. Dram chip price growth has slowed in fe
Atlantic he highfashion makeover. You see if its new uniforms are a sign of a bigger revamp and we look at why two letters are all you need for an app to go viral. Lets get to our top story. Nicolas sarkozy has been charged with influence peddling after 15 rounds of questioning by police. Good morning. What are the details of the charge . Is interesting is this is the first time in recent history is that a french president is being held into custody, like we saw last night. Questioneds, he was by the anticorruption judges in the suburbs of paris before being officially charged with influence peddling. Sarkozy isolas accused of is allegedly influencing a judge, seeking information from this judge in exchange for promising the judge a prominent position as a government advisor in monaco. So the information that Nicolas Sarkozy was looking for is related to another case on alleged illegal financing of his president ial campaign back in 2007. And the investigators are looking into whether
Near you. Sony considers options for releasing the interview as obama describes north koreas hack attack as cyber vandalism. Welcome to countdown. Nonopec Oil Producers are responsible for the plunging oil prices and they are the ones that should cut out, that is the view of two of the oil cartels biggest producers. Morning, oil prices are extending the biggest rally in more than two years. That is after hitting fresh fiveyear lows last week. Elliott gotkine has more. To cutseems to want output unless they absolutely have to. That is right, mark. No one wants to be the first ones to blink in this kind of standoff. Neither the members of the oilproducing cartel, or nonopec producers. Opec is adamant that it has maintained Oil Production at 30 Million Barrels a day for the last two years and the increase in output of 2 Million Barrels a day that has been taking place is all down to nonopec producers. That is the amount the qatari oil minister says accounts for all of the oversupply in th