relationship building. goldman sachs s lloyd blankfein said to have forged ties with indonesia s sovereign wealth fund. it is friday morning and we are less than half hour away from the european cash equities session of the week. this is the picture across equity market futures right now. you are expected to go weaker at the start of trade. the asian session has been weak, so after the fed, asian equities selling off and the expectation was the fed would continue its rate hike path, but maybe some thought the fed would give more language that acknowledged turmoil in markets and other headwinds, but it was an unchanged fed. as a result, we saw a little risk and version on risk aversion on asia. had to do that the chinese story with regards to bank lending to the private sector. there are a few reasons to selloff, it seems. let s look at the gmm and we see the selloff in the asian session and weakness in the south african markets and elsewhere. also, some weakness in currenci
lacqua here in london. a concern of what has happen in china, some slowdowns and a disappointing day we had from china. the question is what policymakers can do to counter the slowdown and whether there will be any unintended consequences from some of the parties in place yet u.s. 10 year yields, because of what we heard from the fed yesterday, 3.2%. crude oil starting in a bear market, karen at $60.25 a barrel crude oil starting in a bear market, currently at the dollars $60.24 a barrel coming.h up on bloomberg surveillance. , we hear from the chief executive of days about the company s streaming services. he also talks to us about the theme parks and the content for their channels. we get first to the first word news in new york city with taylor riggs. goldman sachs averaged a bond deal of no at the heart of the global corruption scandal. forged, lloyd blankfein ties with malaysia and its new seven will find the . this is all according to people with knowledge of the
the transports to record highs again today. plus the grocery wars are heating up again. this time walmart is making a newing a b decision to go after amaz amazon very interesting a lot of people in new york city are very excited about it. we ll explain coming up in a little bit. good for brooklyn. we start with our top story right now, executives from two scandal-ridden companies have been meeting face-to-face with lawmakers on capitol hill today. cnbc cnbc s wilfred frost has the highlights of the wells fargo hearing, about millions of unauthorized accounts opened by that company and aditi roy has the latest on the ex-equifax s ceo, the attack that compromised the data after more than 145 million milliamericans. aditi, start us off. reporter: former equifax ceo richard smith was grilled for close to three hours by about two dozen lawmakers. as he headed out of the hearing, i asked him about the breach he remained tight lipped eped a walked past our cameras. gave an e
awaiting janet yellen at 2:00. plus, trump versus the house gop or not, two days until the inauguration and the president-elect now suggesting that the border tax could be back. trouble at target, retail stocks moving lower after target cuts its outlook on weak holiday sales. but stocks are looking to rebound one day after the dow and nasdaq each posted their lowest closes of the new year. wall street digesting bank earnings today, citi beats on bottom line but misses on revenue, goldman exceeds consensus estimates. stay tuned for exclusives with goldman lloyd blankfein and j.p. morgan jamie dimon. that s coming up later today on squawk on the street. jim, you tweeted earlier today nothing is good enough mode on the fins. yeah, look, these stocks ran a great deal and i thought the goldman quarter was exceptional. my travel strus owns this next one, if you adjust revenue for citi for international because they have a huge international business, if you adjust for the d
pruitt, who is the designate for the environmental protection agency, the oklahoma attorney general, who will also be who is also on the hill for his confirmation hearing today. very, very busy week as we lead up to the inauguration on friday. yep. not just this, the president s going to speak, his final news conference at 2:00. janet yellen in san francisco at 3:00. so it s a packed afternoon as well as a packed morning. let s get to john harwood in washington and see what you re seeing. hey, john. reporter: carl, first of all, we ve got 48 hours left before this inauguration, and donald trump is still trying to develop some political momentum heading into that day, pushing back this morning against reporting by nbc news, among others, that suggested that some of the job announcements that have come recently have been already planned by the companies involved general motors, hyundai, walmart, and not because of trump. he tweeted out this morning, no, it was because