You can see oil prices pulling back about 27 cents, still just about 89 for wti crude. We will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. Lets talk about some of the main market events of the morning. Actually today fed chairman Ben Bernankes speech at the economics sclub of new york is coming up at 12 15 eastern time. Traders will be listening no any comments on the Central Banks operation twist program and discussions about changing how the fed communicates about Interest Rates. Operation twist expires next month. And there is some speculation the fed will continue making asset purchases by expanding the size of its 40 billion a month quantitate of it easing program. Also on the economic agenda today, october Housing Starts released at 8 30 a. M. Analysts looking for a decline in new building despite a steady stream of positive news on housing lately. Yesterday the National Association of Home Builders said the confide
We kick off three hours with the euro son Flash Services pmi, 5. 7. A little weaker than consensus. Lowest since july 2009. Business expectations 48. 6. Manufacturing manufacturing pmi 46. 2. Composite pmi as a result 45. 8, which is pretty him bang in line with the reuters poll. So Service Sectors worst since july 2009, decline in manufacturing eased a little bit more than expected in november. Joining us, chief european economist. Ricar ricardo, thanks for joining us. So still a negative territory. What does this point to in terms of the economic decline for the Fourth Quarter . I think its in line with the idea that real sgchlt dp will decline by at least 0. 2 , possibly 0. 3 . It will give us a negative entry point in 2013 when i expect an average growth of minus 0. 2 . So still moderately recession territory. The german flash composite pmi 47. 9, services 48, manufacturing 46. 8, is germany we just saw the 0. 2 print. Is girl aermany going to have a negative contract . Im looking
Good evening, everyone. Im erin burnett. Outfront tonight, no ceasefire. The killing continues in israel and gaza. The conflict in its seventh day. U. S. Secretary of state Hillary Clinton in jerusalem tonight. She arrived late and went straight to a meeting with Prime Minister Benjamin Netanyahu. Americas commitment to israels security is rocksolid, and unwavering. That is why we believe it is essential to deescalate the situation in gaza. Deescalate the situation in gaza. What does deescalate mean . There was a spade of rockets just a moment ago, but yet thats the key word being used by the administration. During a brief press conference with Prime Minister netanyahu, there was no mention of a ceasefire. Netanyahu said israel is prepared to take whatever action is necessary to defend itself. And egypt, which is brokering a deal between the two sides, cancelled a press conference where officials were expected to announce a deal with terms for a ceasefire. Tomorrow, secretary clinton m
Shooting in newtown, connecticut, communities across the nation and around the world pay tribute to the victims. And the National Rifle association speaks out for the First Time Since the attack. It proposes a controversial plan to prevent similar mass shootings. Lets go out front. Good evening, everybody. I am Soledad Obrien in forever inburnett tonight. Out front this evening, lowering expectatio expectations, just ten days until we fall off the fiscal cliff and no deal in site. Tonight president obama urged congress to broker a scaled down deal. I just speak to speaker boehner, and i also met with senator reid. In the next few days a asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects Unemployment Insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. Thats an achievable goal. That can get done in ten days. Yesterday the House Speaker john boehner failed to garner e
Hello. Welcome to todays worldwide exchange. Im ross westgate. And im kelly evans. These are your headlines from around the world. Investors cheer barclays strategic overhaul, the bank is cutting 3,700 jobs, trimming weakness. Inching towards global currency wars, the warning from the world bank will urge economies to stick to a market base Exchange Rate system. And another day, another bank. And were just hours away from president obamas state of the Union Address. Hes expected to call on more tax hikes and fewer spending cuts. Announcer youre watching worldwide exchange, bringing you bes news from around the world. Welcome to todays program. It is tuesday. Yeah. And loreal is talking about the strong euro in france. Right into trading down double digits this morning. Another story in italy, it seems like the entire world press core at this point will be desending on trade. Yes, they will, with the pope and the italian elections. I think it was Something Like 10,000 journalists for th