Talks and rising inflation are two thorny issues. Have a look at where european equities are trading, under 30 minutes until the end of the session. Greece is up 1. 5 . Italy is lower, 1. 3 lower. Ost markets trading down we are awaiting the outcome of the fomc meeting in three hours. Fx sovereign bonds, commodities, and cbs are your final columns. One of the movers of the day, shares up 2 , the biggest clothing retail stegner signaling growth is slowing this the owner ascating having a good start to the Christmas Holiday season. Revenue advancing 13 to the start of the fourth quarter, excluding currency shifts. Third quarter earnings in line with expectations. Lets talk about italy. The ftse still looking cheap compared with european peers. The benchmark is poised to close as europes best performing major market, on call for its best annual performance since 2009 when it rose 19 . Analysts expect the trend to continue next year. A general election and possibility of political gridlock
Read about hackers i know there was a tesla that was hacked from a number of miles away i read so is it possible in the future were going to have to worry about self driving cars be hacked and essentially cars being weaponized perhaps and you know support of some terrorist activity told you it was weird its not a weird question youre actually spot on the reason we dont have Autonomous Cars on the road today because of some of these factors we have Insurance Regulations government regulations the hackers and the attorneys who are just waiting for someone to hack so the Current Administration has stopped what they call v. To v. Which is vehicle to Vehicle Communications and the reason that is thats going to actually slow down this Autonomous Cars and im currently today in buffalo we just had a seventy five car pile up because of a white out there is nothing an Autonomous Car could have done to save you it probably would have been worse and the reason for that is when those cameras which
Probably would have been worse and the reason for that is when those cameras which work on lidar and radar when theyre blocked because of ice and snow you need to have the skills in order to take over that vehicle if theyre not going to teach people how to drive cars anymore youre asking for a lot of problems so i think before you jump to the Autonomous Car concept maybe just call a new birth if you dont want to drive. Lauren fix the car coach i love that car coach great brand and we hope youll come back thanks for joining us take care any time thank you to. Time now for a quick break but stick around because when we return well examine britains trade options as brets it approaches plus well ask brian martin of trinity Asset Management if the bond markets are about to make a big move as we go to break here the numbers check out oil still above sixty it. At the closing bell. Los angeles the city of luxury and fame but also an Alarming Number of People Living in the streets. Simple fact
A ramp up the u. S. Production but u. S. Automakers got a makers are actually starting to build more factories here were hearing from different manufacturers of course kiya builds in west point georgia theyve expanded their facility theyre putting together a battery facility youve got hyundai building vehicles in alabama audi has decided to build for some reason in mexico well see how thats going to change with nafta which may go away if nafta goes to the north American Free trade agreement that could really impact product going to and from mexico which could increase the cost to manufacture so theyre really doing everything they can to build more vehicles here g. M. Is on board with that chrysler is on board youre seeing every manufacturer think you know what theres got to be a place somewhere in the United States that would like to have our facility and youve seen even toyota they moved to texas and built a huge facility so they know exactly what theyre doing. Lauren were about out o
Least ideas being discussed to address this. Meantime, blake burman with the latest from the white house. Blake . Reporter hi, there, neil, the white house within the last minute releasing the economic report of the president. This is a pretty lengthy, 500 plus page document put together by the president s council of economic advisors. Weve gone through it t paints a fairly rosie picture coming out of obama administration. Tax cuts, the president talked about the need and the want and how he feels potentially we could get to 4 gdp growth. However when you look at 10year span as the Administration Economic advisors are projecting out, theyre projecting gdp growth over 3 . When you get to the back end of this 10year term, dropping just under 3 . They do warn though of some headwind in both near and long term and this is it. They write, quote, challenges remain for 2018 and the longer term including increased opioid dependence. The recent low rate of Labor Productivity and wage growth. Do