Back to gadgets . We will be live this hour. Betty a jampacked day today. You cannot get the bond kings to not talk today. This is noting that the 10 year, seemseasury bull market to become to an end and the bear market is starting with a yield and hitting 2. 5 and then you have jeffrey, coming out of the later, also in his outlook and webcast when he talks about bill gross saying that this might be a little early but with these yields rising, it is going to hurt u. S. Equities, he noted that everything about two point 63 is going to start hurting equities and that is why he sees the negative return in 2018. Heard that from a lot of the analysts we have heard talk to. But perhaps he jumped the gun when it comes to calling and confirming the end of that bowl, on the market. Bullbond market. It is going to be very interesting when it comes to the face income and currency. Lets see who is right we did see another day of record in tear, the s p , igher and as you can see all that is having
Bloomberg speaks to the oven of the bank of england at 11 30 a. M. U. K. Time. The u. S. Stops short of man. G a laptop dan what does it mean for the European Airline sector . What is it mean or your next trip to the airport . A break for murdoch. He u. K. Governor is expected to give his decision on a bid to sky later today. We will discuss the options. Are less than half an hour away from the european open. A pleasure to be back in berlin to watch these markets. Such an amazing trade yesterday especially overnight in the u. S. S that we have not seen in months. Gaining. 5 of 1 apiece. You can see what has been going on while i was delayed overseas bond trade. You can see over the last three days how much these yields have come up from less than a quarter of a percent almost up 2. 4 of 1 . Real big gain in yields and we will see of that continues. Guy see what happens when you go away . Lets talk about what is happening around the gmm. The u. S. Bank story driving u. S. Equity markets
There is divergence with the rest of the economies. You have china cutting rates and the ecb buying bonds. All of this is to inflate the global economy. You have the United States starting to rain back and increase Interest Rates. That is on every investors mind, as is greece. We have the ecb and the imf to getting talks in brussels and creditors going over to athens tomorrow. Lets have a look at the effect on the currency market. It was the first to react to the speculation on the reserve raising rates. The Federal Reserve raising rates. The dollar is down. 2 as we speak. This is dollar versus yen and the dollar is up. The reaction is against the japanese currency at a 7. 5 year high. We are seeing Commodity Markets react. They are up flat at the moment and we have seen a bit of a concern about china overall. It is weaker than estimated and the factory output data from the secondbiggest economy in the world. People would love that in europe. It is slower than people have expected for
German Industrial Production and some reports at least that some ecb members favored a rate cut yesterday. Our road map will go like this. That puzzling jobs number beating virtually every wall street estimate as the Labor Department says sandy had only a minimal effect. Is it true a clean number and what are conspiracy theorists saying. A comment hastings made last july. What does it say about s. E. C. Rules and whether they are out of date. Mcdonalds will post same store sales on monday gets an upgrade to buy taking the forecast to a street high after surveying franchisees. We begin with november jobs number. 146,000 nonfarm jobs added last month above forecast of 80,000. October and september payrolls were revised lower. Unemployment rate fell by 0. 2 to 7. 7. Thats the lowest in four years. The dip occurring mostly because more people stopped looking for work and were not counted as unemployed. As for hurricane sandy, the Labor Department says the storm did not substantively impact
All around the world. Im rosemary church. And im errol barnett. This is cnn newsroom. We begin with breaking news in the united states. Former president george h. W. Bush is in hospital at this hour after suffering a neck injury. His Spokesman Says mr. Bush quote, fell at home in maine today and broke a bone in his neck. His condition is stable. He is fine and he will be in a neck brace. The 41st president of the u. S. Is not expected to stay in the hospital along time. The injury is not considered life threatening and we will of course keep you updated with any new information that comes into us. Now the obama administrations hard sell on the Iranian Nuclear deal is underway. President barack obama defended the agreement point by point at a News Conference on wednesday. Jim acosta reports the president s main goal is to prevent tehran from building a nuclear bomb. Reporter sounding salespeoplely confident, president obama brush aid side all the critics of the nuclear deal in iran. I t