Daybreak asia. I am in hong kong, where it is just pack past 8 00. Yvonne, it was an extraordinary market day here in the u. S. Thead it records, 21,004 dow. And it was the busiest day of the year thus far in terms of volume. Heavy trading volume. Here in the u. S. , or i should say million a shares trading in the u. S. A big day as folks were buying. Certainly were buying. Especially the dow, more than 300 points up on the board. This bike calls for analyst before Donald Trumps speech. Outlook, if we are not getting details of this address and this speech, we will see a pullback. But it is the opposite now. In asia, as well. The followthrough in the region. Lets get to the market opening with sophie. To focus more on the fed following what boehner had to say. Janet yellen speaking on friday. We did see the dollaryen rising to a twoweek high of about 14. 4. Say widening rate differentials between the u. S. And japan are helping underpin the stronger dollaryen. Pb to be she does expect
The buyback of greek debt will in fact work. Were seeing just fractions of a percent in terms of changes there. Our road map this morning starts with the latest in the fiscal cliff negotiations. The white house promptly rebuffs the gop counterproposal which calls for 800 billion in new tax revenue but without tax rate increases for the wealthy. Could this tax issue deadlock the talks . Bank of america ceo warns the cliff must get stalled or the economy could be stifled well into 2014. Even more dividends pushed into 2012. Coach, American Eagle moving up and oracle will play out threequarters of dividends this year. More strength in housing this morning. Toll brothers earnings top expectations. Well begin with the fiscal cliff. Governors are set to meet today with the president and congressional leaders. Governors are concerned about the impact of deficit reduction measures on their state budgebu. The latest gop offer would overhaul the tax code, raise 800 billion in new revenue but see
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