Its inflation and employment goals, and the central bank is headed for its expected policy path. More from that exclusive interview with the Federal Reserve vice chair. As we have been reporting, donald trump is to hold a News Conference in a little bit. He told us earlier on in is near its inflation and employment goals, and the central bank is aaded for its listening meeting with congressional leaders that he would have a press conference from 12 00, and a press release from the white house came out and said there will be a News Conference at 12 30. Is ostensibly to name his new labor secretary picked up right lets bring in senior Bloomberg White house correspondent. Margaret, we have some names. Nbc is reporting that Alexander Acosta is going to be the pick. Margaret thats right. That is reported by mbc as well and we are all working to confirm this, the short list you mentioned. , as well as joseph guzman, a reporter and Catherine Templeton from the South Carolina labor department.
Everyone is watching to see whether we will rebound from last month disappointing jobs report. I have not seen and adp report with this much focus in a year. We will watch that closely and that 10 00 a. M. , we will get numbersnonmanufacturing and the earnings continues. After the bell, disney. First twitter public Earnings Report will be interesting to see as well. Lets do a data check print its a quiet market as we wait for the adp report. Andres are at negative two a 10 year yield was up slightly yesterday. Nymex crude is 96. 97. Vxx is at 21 off the ugliness of friday. The yen is a big story because of what it has not done. That should be a bigger number. But its not. We have a continued strong and off economic eta. Economic data. There is the data check print it is a busy day. We scour the papers. And washington, the Congressional Budget Office is projecting obamacare will cause a drop of about 2 million full time workers by 2017, maybe 2. 5 million by 2024. What they are saying i
,. 95 chilean dollars underscoring Financial Risks in the worlds secondbiggest economy among the other risks that we are seeing in china. In the u k, home prices rose in december. They will lead gains in 2014 according to the track. Here in the u. S. , Economic Data at 10 a. M. Ending home sales at 10 30. France, thenote in Constitutional Council there gave the goahead yesterday on the governments millionaire tax. Bad news for millionaires there. Last for 2013 and 2014 and taxes salaries above one Million Euros at 75 . Ouch. Is a big number and they go after the football players, the soccer players. It is a huge number. Is not likely doom United States, but the answer is a mess. Look at stocks on currencies and commodities. Lets get through this quickly, boring but up is how i would put it. 1800. And p distant from finally we are back there, a real mystery where we will be 10 months for now. The euro has done nothing. Oil has done nothing. American oil, 100. 32. Complacent 4. 26. Yan h
Im going to push it offers long as i can because im played to the west coast. But you will be celebrating on the airplane new york time. You get to celebrate it. We have a lot to talk about. Overe the festivities sydney. These fireworks will last for five big minutes. Are we just going to rip up the script and watch fireworks . Why not . There are some serious Economic Data to get us going. Were kicking it off. Overnight, singapore gdp rose 6. 7 according to the Prime Minister in a statement. Here in the u. S. , 9 00 a. M. , home price index, an exciting one. 9 45, chicago manager. 10 00, Consumer Product index. The tone is better. But it will be a shortened trading day, at least for the bond market. That closes at 2 00 p. M. Today. Equity markets a full day had, although, im sure the volume will be light. I want to get to my chart of the year. Been. Year it has the 10 year yield migrating higher recently. What does that mean for your real estate in 2014 . We have the best guy on the b
Regulars. It is not convenient, but it is something. Better than nothing. We understand because theres no water. Even the critters are coming down for water. When humans p find water these days, it is a bit like striking gold. Were you surprised when you pulled upped to aint said water here . Absolutely. Are you guys not surprised . Yeah. It has been closed a while. Reporter water restrictions are already paying off. They have seen a 50 reduction. Those who live up here on the mountain, the satisfy members, they are taking cuts as well. Paul says we are about to get a stretch of wet weather. Thats good luck, paul. Reporter yeah. It is good news. And what a change. Many of you hit the 80s today. Livermore close to 80. Foster city 74. Richmond sunshine. 68degrees. Way such an abrupt change . Huge area of low pressure off to the west not blocked by a ridge of High Pressure. The ridge is finally moving out. That will allow Something Else to move in, a significant prolonged pattern change.