These are your markets with a little bit of uncertainty because of a drone attack in saudi arabia over the weekend. Trying to figure out the implications for the middle east and geopolitical tensions. This is what we are seeing in european stocks. Crude oil off the highs we saw the last couple of days where it surged from 17. Press conference from Boris Johnson yesterday, a little bit of weakness when it comes to pound. Watch out for the Supreme Court hearing. We are expecting it couple of days but it starts today on the thingsy of some of the parliament but also the government are trying to do with brexit. Economic nobelhe prize winner coming up at 11 a. M. London time. Lets get the first word news. Vivina in the u. K. Is where we begin. The Supreme Court starts hearing the case against Prime Minister Boris Johnsons suspension of parliament. At the center of the debate is if the decision is a matter for the court. The court may not rule until next week. President trump says the u. S.
As how we trade. The dollar, flatter on the day. Less than 82 basis points. This is what the banks will hate. The vix under 10. A tough quarter for them. The morningfor brief. We are going to get weekly u. S. U. S. Priceims and index data. Trump is set to sign an order he says will promote Health Care Choice and competition. At 1 00, the u. S. Treasury will auction 12 billion in 30 year bonds. Emma little progress has been made in talks with the uks with the u. K. Much is deadlock over how the u. K. Will pay for the right to leave. Davis is urging leaders to take a step forward and move talks to trade. The death toll is rising from the wildfires devastating california. At least 23 people are dead. 180 are injured. Hundreds are reported missing. The fire has destroyed at least 3500 homes and businesses. Get congress to repeal obamacare, so he is going after it himself. He will sign an executive order that the white house says will promote competition. It will likely allow people to band
Point. It looks like we might be seeing erasing gains, but pretty resilient markets today. Alix talking about individual one of Chesapeake Energy the biggest gainers in the s p. That it can pay off its debt in march. It is selling a lot of assets, more than the market expected, buying back bonds to shore up the debt. The Company Posted almost 1. 5 billion in losses last year, still a very rough road for the company, but there is so many shorts and any positive news causes a rally. Eye on the my japanese 30 year bond plunging to new lows. I wonder if we will be here in a the japan 30 about year bond going negative. Yields on longterm bonds have down to 0. 92, now extraordinary. Scarlet when you look at currencies, the themes persist, china devaluing the yen, or the pound extending its slump, now below 1. 40. The other thing to watch is emerging currencies under pressure. South africas budget disappointed investors. Will be downgraded this year to subinvestment grade. Joe that pound is i
Bullard tells ft the end is overdue. The 300 point drop for the dow, euro tumbling to 12year low. Will the trend continue . How much cash will banks be allowed to return to shareholders . Results coming from the fed as investors wait to see which banks capital plans will be improved. Changes in google. A new Branded Store in london a potential acquisition. Futures higher a day after the selloff on wall street sent the dow and s p back into negative territory for 2015. The euro falling below 1. 06 after the ecb kicked off qe earlier in the week. Talk about parity and the last time it happened how long it lasted. Even you writing about the time you went to paris. 90 cents is where it came when it was 2002. I went to paris in july of 2008 it was 1. 59. It was the exact top. I remember thinking this Hotel Room Cost an absolute fortune. People forget weve been there before. We have been there before, it was okay. We decided to debase the dollar. So, even though this is historic, its histori