Our international correspondent, hopefully i have the title right and marty schenker. What is your title, i do not have it . Marty it is too long. The smartest guy. Julie are you surprised we are not seeing much of a Market Reaction . Marty i am not surprised because rates are so low and the markets had priced out a december rate hike at the moment. There is not a lot of plays for them to go. Stanley fischer is the vice chair, not of chair, he is very influential but also seen as a yellen and janet the fact she is there does not change the outlook for shortterm policy. It might change longterm about who gets appointed but between now and the end of january when she would believe in her position probably does not have a major impact. That stansay this fischer has vast relationships around the world with other Central Banks and he was, i am sure, the goto guy when central bankers from around the world needed feedback about the u. S. That is a communication mechanism and will be gone whic
Obviously, if nafta were to collapse, canada has a bilateral trade deal with the u. S. What is the canadian priority here . Would it prefer to fall back to that . When the minister started talking about arlington cemetery, that was a metaphor for the death of nafta. Canada would probably be the least disrupted. It would be a shortterm pickup. Canada can fall back on the Free Trade Agreement with United States. There may not be that much of a disruption. Backandforth, the unconditional proposals, make a good agreement better. Some of these proposals run counter to rules. And we had the mexican representatives saying we will need to a knowledge we have limits. Are we going to be will to resurrect nafta or is the United States justifying a way to get out of this . Dollar is the billion question with mexico. We dont know where they are going with this. They have extended the talks. They do want to make progress. Donald trump keeps saying it is a bad deal. Robert today highlighted all the p
, i am is daybreak asia Kathleen Hays in new york where it is after 7 00 p. M. Yvonne it is just after 7 00 a. M. Here in hong kong. We will break down some gdp numbers. In line with estimates. But, slowing from the First Quarter. These are preliminary, 2. 7 year on year, in terms of the quarter on quarter. We are seeing growth at 0. 6 . The is slightly off from 1. 1 growth we saw in the previous quarter. The First Quarter was about robust investment. That seems to be continuing on. The Second Quarter, still could be a lot of risks with trade tensions in the u. S. And china. We will see how president moon, how is budget and how this plays out. Bok optimistic on the hike front. Kathleen yes, they are in it for the long haul. One of the Biggest Challenges korea, president moon changing the composition of exportleding from growth, which he has argued on the campaign trail. And, in office, he want something more incomedriven. He wants to raise jobs and taxes. It is a lot to do, but a lot o
The 20,000 mark. Abigail it is down steadily. We have the three major averages all down after opening slightly higher. We will see if this will be the directional cue for the day. 20,000 has not made dow as he watched to see about happen. With the other two averages in the red we are not on record watch right now but who knows . Maybe, the day is still young. There is lots of talk about the trump train. We look at 5461. This is a chart of the di sent dow since the seven and a half year bull market. We see lots of green. This is basically the percentage moves higher in the fourth quarter. We see the fourth quarters tend to be good. There is not been a good first quarter. This may suggest if the bull market will continue, the trump train could continue into the first of 2017. They cou it could come of volatility. Speaking of volatility, nvidia shares are lower. On pace for the worst since december 1. Put out a cautious tweet citing concerns on market share competition in the data center
Badly fitting batteries will be blamed. News fromo breaking the federal Aviation Authority in the u. S. , United Continental holdings requesting a ground stop for domestic flights. It applies to mainland flights. We tried to get hold of the airline, but havent had any calls returned just yet. We will bring you the latest as well. A full ground stop for United Airlines there. Just under half an hour before the trading week is underway in hong kong and shanghai. Chinese lunar holiday. Markets coming on stream. Sophie, a good day. Sophie a good day, but not some earkets in asia as they tak into account what trump had to say on inauguration day. Strength weighing on japanese shares, falling for the first time in four days, exporters weighing on the nikkei 225. Thisba having a good start monday, its biggest intraday gain since december. Media reporting toshiba will raise 500 billion yen to cover its nuclear writedown. Plus, canon is considering investing in toshibas business. 1 , but gold m