San francisco fed president John Williams says Monetary Policy needs to be reimagined to deal with a new normal. Shirt of the tubing Percent Inflation target be scrapped . Caroline should we look at the record highs we closed out in the United States, because we are seeing a little bit of risk aversion, money coming off the table when you look at european futures. Russia seems to be at a record high. Today, money coming out of the riskier equities, but there is m a action happening in germany. It looks like we could be following oil lower. Guy we are going to keep an eye with oil having a fairly bouncy time. Lets take you to the gmm function, a good headsup to what is going on around the world. I want to focus on what is happening with the yen, the yen really under pressure. You can see its really welded. The yen moving up 1 this morning. We are flirting with the 100 line, the boj paying attention. The nikkei has responded by going down 1. 22 . Youve seen some fairly interesting moves
Building on the brexit. We speak to the ceo of a Company Following the vote to leave the European Union. Caroline half an hour until the european open. Great to be back with you. Sunny skies in germany. Looks like the sun is shining slightly on risk assets. Oil trade is higher pushing higher the risk appetite. The aussie dollar on the move following the decision by the reserve bank to leave things on hold. It is up around 0. 6 . There may be a role in the contract in wti and brent. Brent is up around 0. 5 and of uti up around 2 . In terms of where the equity markets they are broadly positive. Asian markets hitting one year highs. Here is the bloomberg first word news. The bank of japan should wait until after the u. S. Federal reserve decides on Interest Rates before acting up writing to an economic adviser to the Prime Minister in japan. The boj risks having its efforts overshadowed if it expands monetary stimulus at a policy meeting this month and then the fat hours later decides to
Crying. We talked to rameys daughter who said justice was served. My dad means everything to us. Weve already given everything to god and we knew this trial was going to be solved before we went into the courtroom today. For our family we had to deal with this backbone of our family. The assistant commonwealths attorney said victims family members are expected to testify sentenced. More on wades possible motive behind the shooting. John . Ananda. Like you mentioned there wasnt a trial but did the commonwealths attorney and defendants explain what kind of evidence they wouldve presented today . Most of the evidence was witness testimonies. Wades lawyers said this was an interesting case since there was no dna evidence the lawyers were relying on what people may have seen or heard. A Carroll County man is in against him. After the Sheriffs Office says he lead deputies on a dangerous high speed chase. Randall jones was wanted on an unrelated charge. When his pickup truck was seen travelin
Brexit votee tipping uks stock valuations . I guess the politics story is front and center. July is shipping up to be quite the month. Weve got the u. K. Story, greece has got a really big payment its got to make, and we potentially get into an interesting u. S. Political story. Hans normally in july, we had to athens. This year, we may be headed to cleveland. You could have a contested convention. We talk about Political Risk. A ted cruz victory represents more Political Risk. A donald trump loss gives you actual political loss. You dont know what you are getting with a ted cruz win. Thats one of the stories that is going to dominate throughout the rest of the spring and summer. Is, thenuestion really next few elements of the story get interesting. We had to new york, pennsylvania, california. It is Hillary Clintons home state in new york. This is where it gets crunchy. Hans we could see Double Barrel risk. The uncertainty on republican side, but if Bernie Sanders continues to not jus
To y welcome manus welcome to countdown. Anna commodities a big theme. By some concern investors around the highyield markets in the u. S. The junkbond ecf close at a sixyear low. We talked about highyield bonds and the spread has been whitening. Widening. Now the Goldman Sachs event expressing concern. Talking about real carnage in junkbond market. Markets. They say they have the most Investment Opportunities since lehman collapsed. Manus it worries me when you have a Major International when you talk about this junkbond or these high yields, when you look at the oil industry a big portion the yields are rising to the highest level since 2009. That goes back to the conversation we had yesterday, a lot of restructuring. A lot of expense to repay the 1. 5 trillion that is the size of the u. S. Junkbond. News. Lets the first word reporter Chinese Consumer inflation Beat Estimates. Cpi November Rose 1. 5 year on year. The Producer Price index fell 5. 9 , extending declines. Meanwhile, the