In dresden was toxic. The question we are asking today is this east and west how united is germany . To discuss, im joined in the studio by three seasoned commentators and analysts, beginning with author and academic johannes staemmler, who says germany is united, but only on the surface. Also joining us is andreas kluth, germany correspondent of the economist magazine. East and west, he believes, are growing slowly together economically but growing further apart in psychopolitical cultures. A warm welcome to Anna Sauerbrey of der tagesspiegel, who also writes for the International New york times. She says recent abuse and attacks have brought back the ugly east. Johannes, we begin with you. You were born in dresden, which has been the focus of a lot of attention. People have been talking about the troubling events. What do you make of it all . Johannes it really hurts to see the pictures from dresden. Intellectually, i do not find it so hard to understand that people are aggravated, t
Here on the Halftime Report. We do want to begin technology where were watching an up raffling of the chips. Smh seeing its worst day in a month. Youve been talking about it for so many months. Is this going to be the down fall of tech . Well, i think that there is no doubt in my mind we talked about the idea of this thing moving very fast. We talked about going all the way back to brexit and suddenly this entire sector took off with technology and a lot of that is because the fundamental story was there to to back up the fact that you had dividends. And pes are starting to stretch a little bit. Weve talked about this on the show. Time to maybe take it out of the stock and do a stock replacement, old options for more up side. If it falls apart like theyre starting to roll down now, you at least were able to get yourself into a risk reward position. And thats what were seeing right now is down side. And we asked if we were going to have some kind of melt up. And now i wonder if were goi
Bad. Say again . Theres reversal in some of them. Yeah, little change lets call it. Volumes still up, 80 above the threemonth average by the way. Global fixed income had a bit of a rally also. Speaking of fixed income, lets look at the 10year. There you see it, 2. 246. Crude is up. Yesterday too, wasnt it . Yeah, i mean, again people hope that the end of november theyll be some sort of cutbacks. It all just seems very chimerical, but it will say this. Traders get short and get between 42 and 43 and get crushed over and over again by the opening. Right. Lets get to the road map this morning. Of course it starts with janet yellen on the hill testifying on the health of the u. S. Economy and the timing for a rate hike. Plus donald trump taking some interesting meetings in new york today. Shinzo abe going to find his way to trump tower, we believe. A handful of ceos as well. And well have an update on the transition effort. Walmart out with results, sales were not quite where the company h
Where julie hyman have the latest. U. S. Markets just keep going up and are very resilient, as we as we have frequent talked about. Trading higher, where we are right now that is the record so we are indeed closing in on that record level. A little further from their record closes but nonetheless moving higher today. Look at the s p 500. Since last may, that is the decline we are seeing. We will be seeing the s p can make up the gap. And reach a new record in the coming days. Once again, a commodity led rally, a broad rally. Tech are the Top Performing groups here. Oil inventories coming up in about 30 minutes. Last night, the epr reported there is a drawdown of about 3. 5 million barrels. We will see of the government numbers match that. The dollar decline in copper futures are coming back after yesterday passes losses. Economic data has been supporting. Percentage movers, companies that make this stuff, that produce the various commodities. Chesapeake energy up by almost 10 . And an
Result. A bank may move its headquarters from london if britain decides to walk away. Follow me on twitter rishaadtv, include trendingbusiness. Straight to the markets, jitters out there. A few hours from the historic vote in the u. K. People start voting and about four hours. Is there an overriding sense of fear . David caution is a better way to describe it. There is some level of restraint. There is only one game in town. Inflation out of philippines, singapore, but none of that matters if youre looking to arbitrage these exchanges at the moment. It is about the u. K. Referendum. Volumes belowxed, recent averages. Some of these thats have piled up a little bit in favor of the u. K. Remaining in the eu. Generally speaking, the past few days have seen funds go overweight in terms of cash. Have a look at what is happening dollaryen, va doing this. We are closer to the high end of the range. How do you trade this . If the u. K. Votes to remain, how do you trade that . So the yen if you