Tonight at eight eastern on the communicators on cspan2. Standard john cotton one members of the bridge about buying g5 equipment from the Chinese Company while way. The arkansas republican join former House Intelligence Committee chair mike rogers and retired Brigadier General Robert Spaulding who predecease her on the National Security council under the trump administration. They answered questions from the British Defense subcommittee on china for about two hours. Order, order. Welcome to this Defense Select Committee hearing to consider the International Response to the uk government decision to allow while we to continue to operate its 5g network and implications of the gibbous decision for information sharing across the alliance. Also to discuss International Ambitions and the role of 5g technology and within this specifically look at Cyber Attacks and the distal silk road. Our session date is divided into two parts and id like to welcome senator tom cotton joining us for part on
The stoxx 600. One week sterling volatility jumps to its highest level since early november after theresa may says she will outline the governments plan for brexit and the trump trade faces the earnings test as jpmorgan, bank of america, and wells fargo prepare to report. Morgan stanley casts a shadow, reportedly cutting senior bankers and bonuses. Good morning. Welcome to street signs. Lets get straight into our top story. Thats Fiat Chrysler. Well give you a check on shares because they have been rebounding in todays session. You can see theyre now higher. This after a major drop, though they are leading the way to the top of the stoxx 600 after shares plummeted thursday after the u. S. Environmental Protection Agency accused the automaker of violations against the clean air act. This rattled investors, but we did get a Strong Defense coming from Fiat Chrysler. The ceo, Sergio Marchionne saying we are not criminals and drawing the line under any comparisons to volkswagen. He wanted t
Plows 1 billion in two uber rival didi. Half an hour away less than. Its friday the 13th. I wont draw any correlation between the date and the board. We are trading down, softer this value telling us that the axle open down around one half of 1 . Inlondon market looks like will be down 1 10 of 1 . Friday the 13 risk off. Caroline it is certainly unlucky along asian markets. People moving money into the dollar, outlining the hawkish tones coming out of the fed. Thats two days of gains for the dollar. Meanwhile, the yen is trading higher. But isromo. 6 this week currently off by 4 10 of 1 . A flight to safety, to gold, the index currently off by 2 . 21 to show you was the gold index, which is trading higher. Meanwhile, crude oil is off by a tenths of 1 . We have seen that rally, the inventories coming back, but today, a bit of the selloff coming off that sixmonth high we saw in oil. That was a check out on the assets you want to keep an eye on. Now lets get out to the first word news wit
Regulation worked. Well talk about that at another brookings event. Airline regulation, not quite so much. More people can fly now. If you adjust for consumer price, Airline Deregulation has worked, i agree with you, a lot of airlines suck, but that is not because flying sucks, i just was on an airplane yesterday. I know this is going to be tweeted now. No but that line. A lot of people dont like airlines. And its important to talk about this, because people will say, oh, my god, if you do it for if you do this for communications, look what happened to airlines. I think a lot of what happened to the airlines since, first people misperceived, said rates havent come down, but the planes are all full because they are like buses, okay . But people dont remember the back in the old days, planes were 60 full, all right . And it was a tremendous economic waste. And it was a disaster, all right . And i think the Justice Department probably has allowed too many mergers, all right . And as a res
Hawkish. It looked at what we have some way to go on rates higher than people expected. That sent the market on the journey on the dow and s p down aggressively a lot of Companies Going down. The market decided we can ignore we will have to be potentially more aggressive on rates at the moment the time is coming it may come as soon as next meeting. The market decided to ignore the bit about inflation. Inflation needs to come down aggressively ive never thought about it as appropriate test for slowing the pace of increase the market ignored the cumulative tightening and the lags associated with the Monetary Policy with the inflation. If you wanted, there was a dovish narrative as well as the hawkish point. The market decided to focus on one side of the story. That was a minimal change from the federal reserve. You got the mixed picture on what would happen next guess what we are watching the data it is not end of story it is nearly when you consider that the markets down aggressively. W