Ecb prepares to deliver its latest policy decision. Jamie dimon found a pessimistic about the future of europe. The eurozone may not survive. That is a very complex thing. That is a pessimistic view of europe. Pessimistic,term yes. Unless they change. Francine good morning. This is bloomberg surveillance. Im Francine Lacqua in davos or the World Economic forum. We are in today three. Tomorrow, we are live from the forum. A whole host of interviews coming up later today on piereillance including carlo padoan and Goldman Sachs ceo Lloyd Blankfein. Lets get straight to the bloomberg first word news. Heres sebastian salek. Sebastian the chair of the u. S. Federal reserve said the u. S. Economy is close to the Central Banks objective of full employment and stable prices. Janet yellen also said she is confident it will continue to improve and it makes sense to gradually reduce Monetary Policy support. As of last month, i am most of my colleagues, the other members of the fed or in washington
The shanghai closed flat. Early trading in europe, markets under pressure. The dax down by 1 , as is the cac in france. Ftse down 0. 6 . Look at crude oil prices. Right now it looks Like Crude Oil is down by 29 cents. Natural gas has been under some extreme pressure over the last week or two. Couple of big stories were watching. President trump is calling china the grand champions of currency manipulati manipulation. In a reuters interview, trump said he has not held back in his assessment that china manipulates the yuan. The China Foreign minister saying china has no intention of using currency devaluation to its advantage. Just yesterday in your interview with mnuchin, he wouldnt go that far. He didnt call it a ma manipulator no, it seems like he stepped back from the trump promises to label china a currency ma anybo manipulator from day one. China has been propping up the currency recently. Well see what happens, but it will be a much more settled but trump will go out there, say it
They contribute the most to the games. We will see how it does today. They fell almost one half of 1 yesterday. We will be keeping a watch on all of this todays. I hope you have great weekend plans and lets say good morning to maria. Maria. Happy friday to you. Were coming to you live this morning from our Nations Capital. Its friday february fourth. 6 00 a. M. On the east coast. A busy day for the commander in chief this today. Set to sign a new executive order later today. This morning plus trump will be the first president since Ronald Reagan to address the event during the first year in ofce. They are supporting Law Enforcement and ending illegal immigration once and for all. He is upholding the constitution first during the constitution of life. And President Donald Trump is leading the fight to repeal and replace obama care. And americas nightmare is about to end. FoxBusiness Network is taking it live. The speech was coming on the optimism. Loving comments. It helps to hopes to g
Tripledigit gains for the dow, the s p and nasdaq are surging as well. Financials, industrials and the semis are among the best performing sections today. Check out the big movers at this hour. Footlocker is up more than 5 near session highs. Thats a big reversal from its premarket declines after the retailer warned. Then it got an upgrade. Its a very strange story, but the stock is up sharply today. Verizon under pressure after missing profit estimates this morning and snapon is rallying another 5 on its earnings beat today. Here is whats else happening at this hour, activists investor is turning up the heat in its fight with buffalo wild wings. Calling on that restaurant and chain to replace its ceo. The stock up over 5 right now as a result. And a day after being removed at fox news, our julia is reporting that bill oreilly is going to receive a maximum of one year salary as part of his exit. That salary has been reported somewhere between 20 and 25 million annually. And this is rea
White house chief of staff mark meadows. Democrats and republicans still at odds over several key issues including the 600 jobless benefits that expired last week. Meanwhile, President Trump says hes considering taking executive action if the two sides cannot reach a deal. Congressional correspondent chad pergram reporting live from capitol hill and chad come attacks have been going on for a couple hours now. Any idea where we stand . They started about 1 00 eastern and any time they are in there for a while, its probably a good sign, the fact that people werent coming out and trashing the other side. Its notable that President Trump is not been directly engaged in these talks. He has deputized the secretary of the treasury Stephen Nguyen and mark meadows, white house chief of staff. The president and some epic blowups with House Speaker nancy pelosi over infrastructure and other meetings of the white house last year. That is who is in the meeting today here on capitol hill. Listen to