Remember on the week u. S. Markets are lower. On the week european markets are higher. Eurodoller trading 118. 30. Taking a tougher line on the link between the Exchange Rate and inflation. The pound continues to fall trading 11787 as we continue to see the stalemate between e. U. And the u. K. On the u. K. s new legislation, the internal markets bill, which will undermind the treaty signed between the Boris Johnson government antie. U. Not that long ago. Alix thanks so much, guy. We are very welcome special guest, we are happy to have him here. Stanley fischer, the former vice chairman of the Federal Reserve. He has just been awarded the first miriam pose yem prize by the m. I. T. College center for finance and policy for his Outstanding Research and leadership in financial policy. Its a pleasure. Congratulations. We truly appreciate you spending this time with us. Not to get right to it but lets get right to t the latest Inflation Numbers out of the u. S. Today, Consumer Prices arose
Of the surge in new cases. Ill have more on that in a moment. We are getting new information on the twitter hack. It wasnt just a handful of celebrities. 130 accounts were targeted and it appears to have been an inside job. That is serious stuff. Im not sure that Twitter Twitter is up, thats right. Im thinking of another stock. Okay, twitter is up just a fraction. It is serious stuff about twitter. Weve got an analyst on the show who says it might have been a test run for something much bigger. Time to drop your twitter account . We will ask the question and get an answer. More on that coming up, too. Lets get to the market. This week we have seen a shift away from big tech and towards smaller companies. The russell index of small cap stocks, for example, up 3 this week. The dow industrials, down just over 2 . This morning, we will open with a nice gain for the dow, up maybe 100 points, 26,600. Look at the nasdaq. Theres a bounceback for you, up 100 points at the opening bell. All righ
11. 5 . That in turn is turning the stock herd to one particular investment. We are tracking all the action in this final hour of trade as President Trump prepares to face reporters in about 30 minutes from now alongside his polish counterpart. The two at this hour are behind closed doors, surely discussing reports that europe may ban travelers coming from america when its own borders reopen. Will that spark a new trade tiff . We will bring you the meeting live as soon as it happens. Plus we have a tesla mystery. Team countdown drone patrol capturing these images of a huge unmarked lot on long island that is teeming with what looks to be shiny brand new teslas. While we are still weight on at thes tesla to reply to our inquiry, we are trying to find out exactly whats really going on behind the curtain at the ev giant. What the latest images on the side of your screen are now saying about elon musks empire postcovid19. A dose of reality hitting one of facebooks Virtual Reality goggle de
The white house with the nations top executives of the pharmaceutical industry as governments around the globe race to create a vaccine to combat the coronavirus. We are going to take you there when the president speaks. Should happen any moment. But as america sees its first deaths from the virus, six of them now, and Vice President mike pence says he expects many more cases in the u. S. , author of the coming plague Laurie Garrett is here. Shes been critical of the response of the World Health Organization. Shes here with her very latest threat assessment. And as americans opt to stay home versus eating out, the ceo of panera bread is here on the plans hes already making to fight a possible outbreak and reduced foot traffic at his chain of restaurants across the country. Plus, the world loses a titan of industry. General electrics jack welch put his indelible stamp on the American Economy with his legendary management skills. The executive who arguably was among the closest to jack a
Outlook. Congress is on track to pass two massive spending bills averts a Government Shutdown and new data shows Home Building increased more than expected in november and permits for future Home Construction surged to a 12 1 2 year high. Joining us for the hour, is keith bliss from i hue capital llc. The Housing Starts number comes in, just one more optimistic data point on the data front and i think despite trading on the alltime highs, this market is still poised to go higher thats my belief what drives that . Theres lots of factors, which i know well talk about during the hour. But the continued strong Economic Data that were getting out of here, a very compliant and easy money fed that we have, theyre expanding their balance sheet. Low inflation around the world the need for capital to go where it gets rewarded and seek yield. All of these things, you throw them into the mixing bowl. Once again, all three of the major averages higher. Only slightly higher, but anything positive is