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hello. if you justjoined us, i m sally bundock. we will now talk through the top stories. if this is your first day back at work after a long christmas break we will bring you up to speed. and we start in the middle east, where the threat of military escalation continues to hang over the red sea. the us, britain, and their allies in the region are on alert to see if their warnings to the iran backed houthis are now working. attacks on commercial vessels have been happening since the war between israel and gaza began. houthis who are behind the attacks say it s in support of hamas and has turned a vital global trade route, that handles about 12% of the world s commerce, into a risky maritime passage. the uk defence secretary, grant shapps, said britain would not hesitate to take what he called direct action . meanwhile, bloomberg reports iran dispatched a warship to the red sea after the us navy destroyed three houthi boats. joining me now is janet mui, head of market ana ....
japanese officials say at least 48 people have died and many others are trapped beneath rubble, after a powerful earthquake. ukraine suffers another intense night of russian bombardment, leaving at least five people dead. ukraine s air defence claims 35 drones were shot down. time for a look at the business news now. tesla, the elon musk controlled car maker which pioneered mass market electric vehicles, has been relegated to second position in the global league of electric car makers. its chinese rival, byd has reported that it sold 526,000 cars in the final quarter of last year compared to 480,000 for tesla making it the world s number one electric car brand for now at least. erin delmore is in new york for us. byd said it is the biggest car brand you have never heard of in a recent advert i saw, but we are hearing more about them and other chinese electric vehicle makers who are shaking up the market. it is true. this news might shaking up the market. it is true. ....
this rally ever since the start of the day. we started in negative territory, but with green on the board you can see we are now at session highs, just coming off session highs right now. the s&p 500 up 0.75%. the dow pushing 1%. the nasdaq up a little more than 0.1%. this is all happening off of what happened, or really didn t happen, with the fed yesterday holding rates steady. positive economic data, jobs numbers coming out today also helping. let s look at what is happening at the dow year to date. have a positive push by 0.4% year-to-date here. a similar story, we also saw for the s&p. however, i think we were just coming off of those gains into positive territory. you can see we are down by just under 0.1% here. back-and-forth, but generally speaking a positive overall today. betty: positive. ramy, the weaker dollar created a positive move in commodities. ramy: let s take a look at what the weaker dollar is doing right here. it is down 1%. betty, with a weaker dol ....
world world on cnbc. i m sara eisen. and i m wilfred frost. let s get right to the market action as investors minced fed chair janet yellen s words yesterday. some confidence by markets taken by the fact that fewer rate hikes now expected this year than previously. dow once again pointing to a positive open. s&p by six. the nasdaq by around nine. let s have a look at the u.s. ten year. we saw it spike above 2%. it s now settled back down. just trying to work out which way it wants to move. yes, we ll probably have hikes this year, but probably not as many as previously. that s now led the yield to be a little lower than it was before the start of play yesterday. the yellen celebration continues. call it the week of the central bank. the bank of england, the swiss national bank, and norway s central bank all meeting today. and breaking just in the last half hour, switzerland s central bank leaving its benchmark interest rate unchanged but saying it is still willing to ....