More downgrades. This time not on the sovereign but u. S. Banks, 10 downgrades overnight. Tom there is a bank story in italy as well. That is the economic thing to look at. Overwhelming everything here this morning led by the news out of china is it is deflation tuesday. Im looking at the screen and i have not seen that screen in 4, 5, six years. Jonathan dreadful. Tom we were out in front of the story, there is deflation in the air. I can bore you with eight ways, all you have to do is say even oil breaks down. Jonathan every time i get data out of china, it is downside surprise. Lisa one interesting area, the divergence between the u. S. And china has been accelerating. What you have seen with respect to the u. S. Dependence on china is it is decreasing even though in europe it is not. I wonder how much those stories are linked. The underperformance of germany and the outperformance of the United States. Tom the banks have to deal with this disinflationary, deflation tendency. You go
Of the attacks including Hillary Clinton line directly to the families of the people who were killed right to their face. Hillary clintons answer to congress about the dad of these brave americans because of the gross failure of secretaries they was what difference at this point is that made . What difference does it make . Maria fresh security concerns around the world. The details on the train ambush that left five people injured. That is coming out. Talk about firing a worker they refuse to serve police. While the refusal has her hitting the unemployment line. Trouble for netflix to report the service hitting high. Consumers way. Telling customers to play all the pokemon go they want, but not everybody is pleased. Bringing internet equality into question. The high continues almost eerie. Lower this morning after another record day of trading yesterday. We are awaiting earnings from big names at Goldman Sachs and john van johnson before the opening bell. In europe, the major indices
Almost 1. 3 billion. Liz luxury retailer saks, saying the chairman and shave executive officer and president ronald fresh will leave the company once officially acquired by canadas hudson bay company. The 2. 4 billion deal is expected to close by the end. Year. David a lot of deals going down these days. In the last minute we heard regulators are expected to hit jpmorgan with at least 700 million in penalties. This is part of that settlement related to the banks handling of the london whale trading loss last year. Liz united technologies, utx, Pratt Whitney says it will push down the price of f35 fighter jet engines by 2. 5 , possibly more. The jet is the most expensive military project in u. S. History. David the canadian aircraft maker bombardier is turning up the heat on boeing. With the maiden flight of its new c series jetliner. This is the first new narrow body plane of its size in decades. We have a lost breaking developments. Want to keep it right here for the next hour. After
Winning. I know that myself. He did something i tried to do and was unsuccessful in accomplishing. He won the general election. And he continues with a message of inclusion to bring people together. And his vision is something which obviously connected with the American People in a very powerful way. Calling donald trump a winner is the highest form of praise in trump world. I do not think its an accident that mitt romney chose that language. Cnns jim acosta who got a reservation for him at jeangoerges, so he could get an interview. President elect trump and the manufacturer carrier in indianapolis striking a deal to keep 1,000 jobs in indiana. During his campaign, trump blasted the plans to close two plants in the states and opening a factory in mexico. He tweeted i will be going to indiana on thursday to make a major announcement concerning carrier ac. Cnbc reports carrier received new inducements from the state of indiana. Translation money. That means taxpayers in the state could b