Ewsprint t tenants names carl icahn to head of his deregulation campaign. And Peter Navarro to head a new trade counsel in the trump white house. That is what you need to know at this hour. Bankthe future of italys with lisato milan martin. Have we got any color on what the plan is from here . The next 40 hours will be critical. Paschi, the indication at the moment there isnt much there. The bank will seek some kind of government intervention. The bank as a Firm Deadline by the end of the year to offload a significant amount of bad debt. What we expected here between now and friday is the government approving a decree that will set up the rough outline of how it will put up to 20 billion euros on the table for monte paschi but potentially for other lenders, too. Jon with the prospect of state aid on the table, how do you implement burden sharing and protect bondholders as well . How do you do that . This is what is going to be key. What we have seen in similar situations earlier this y
Preparations for the 58th president ial inauguration are well under way in washington. Tom barrick, chair of the president ial inaugural committee, spoke with reporters at trump tower in new york city and gave details on how plans for the inauguration are shaping up. The inauguration is going to be amazing. What we are doing is trying to orient it towards the greatest tribute to america. The only peacetime transition of partisan power that ever happens this way so the focus for this president elect since he is a celebrity, is really on the place, on the people, on the history, on the tradition. It starts on monday. Martin luther king day is monday which is a great epic start and great epic verbiage for what all this means, and there will be a series of events leading up to thursday. Thursday is kind of the kickoff of it all. Thursday night will be a candle light dinner which has been traditional. And each of the dinners and each of the venues is really oriented to just allow people to
Julie hyman . Julie the markets continue a pace with this big backdrop of political events. Markets are moving higher. The stock market are moving higher. We have seen a more sideways movement after the initial push upward following the election of donald trump, we saw a sideways move heading into 2017. Seeing all three major averages up. 5 each. Lets take a look back at the rally and compare it to some of the other recent president s between a first election and their Inauguration Day. In modern history, the trump rally has been the best with the s p 500 gaining 6 followed by president clinton with a 4 gain. President obama saw a 15 drop following his election. And president george w. Bush for a 6 drop. Clinton performing the best over the balance of his two terms followed by president obama. Those first couple of months were not necessarily an indication of falling performance. Politics aside, we got a lot a big earnings to report yet to talk about as well. General electric shares ar
Connell mcshane on the washingtonall. Reporter we are watching every movement of the president elect since he made his way to the nations capital. It did look very president ial, a military jet, not trumps own private train that let him hear from new york to washington coming down those steps like it would look after tomorrow when he is sworn in. It would be designated air force one blues not today but it would be after tomorrow. From there it was to his hotel. He is on his way to Arlington National cemetery later today, at his hotel in washington dc he made some remarks. It wasnt that we didnt know he was going there, but we didnt know if we would get a shot at those remarks, he thanked members of his team and cabinet for all that has got him to this point and he is having downtime with the family before this appearance at arlington. The president elect will be joined in the next hour by the Vice President elect mike pence for a wreathlaying ceremony. It was pence who spoke earlier at
Us to believe that is the man he knows and is more familiar with. Lets get up to speed, a firm tone. This morning a little bit softer, down about 1 10 of 1 on futures, equities treading water, but in the fx market it is a stronger dollar story with yields pushing higher on treasuries. 2. 47 on the u. S. 10 year. Alix the curve is a little flatter, curious when you have the market relating fed expectations. The fix is slightly lower but im surprised it is not at 10. Softer, and oil not participating in any kind of risk on rally. Jonathan apparently it is not the only game in town but a big player, the Federal Reserve. The chief dov signaling they might be ready to move on rates. Brainard said the economy might be Strong Enough for the fed to make a move this month. We are closing in on full employment. Inflation is moving gradually toward our target. Foreign growth is on more solid footing and risks to outlook are more balanced than in some time. Appropriately be soon to remove addition