Lisa heading into a week of important inflation data and two of us are live in d. C. , one of us is in paris, and dani burger is a new york. Welcome to bloomberg surveillance. More on why we are all over the place in just a moment. Important week kicks off on wednesday with data releases that make solidify a narrative that has been flipping and flopping. Why wednesday is going to be so important . Dani wednesday will be so important because this market has decided that with the week data coming from the consumer, the week data coming from jobs moving in the wrong direction, if inflation does not also soften maybe well Start Talking about stagflation. Lisa that is part of the fear. We are in washington, d. C. Lets get to the why. And reorder, you have important annemarie, you have important interview with janet yellen coming up at a time when industrialization and the china u. S. Relationship is what every ceo and politician is focused on. What will be your focus . Annmarie we are sitti
Bond traders price of fed rate cut one month earlier in november ahead of todays key u. S. Jobs report. Apple jumps after hours as it forecasts a return to sales growth. The iphone maker announcing a 110 billion Share Buyback, the biggest in u. S. History. In europe, the focus switches to banks with french lenders in the spotlight. Socgen reporting a profit beat as equity traders help lift results. A beat across the french lender. First quarter net income coming in at 1. 9 billion euros. Profits comfortably above the estimates of 1. 5 billion euros. Full year underlying net income at 6 billion euros. Rev knows for the First Quarter, 6. 8 one billion euros. Above the estimates for Credit Agricole in terms of some of the other details around this earnings picture. The Investment Banking side of the business also coming in with a beat. Upbeat in revenues, profits, in terms of the Investment Banking side of the business for Credit Agricole. The stock is up 13 year to date. The deputy ceo o
Talk about it in a moment. Wait, im oleksandr marchenko. I welcome this column about money during the war. So, ukraine did File Lawsuits with the World Trade Organization against of poland , slovakia and hungary due to the ban on the import of our Agricultural Products, ukrainian officials believe that this embargo violates international obligations, the minister of economy, yuliya svyridenko, said that currently for ukraine, it is fundamentally it is important to prove that individual eu Member States cannot prohibit the arrival of our goods. Solidarity and protection of the interests of farmers is needed, added yulia svirydenko. But slovakia is ready to resume imports from ukraine, but it must study all the licensing conditions that kyiv will offer. The country has adopted a unilateral ban on the import of our of Agricultural Products was , i will quote, a natural reaction to the protection of the National Market from the shipment of goods from ukraine. Well, vasyl, it is interesting
This morning. The dow logging another record high as it marches toward 20k. Day one of that fed meetinging. President elect trump announcing exxon mobil chairman and Ceo Rex Tillerson as his pick for secretary of state. Plus, microsoft cofounder bill gates speaks out. Trumps policies on trade, relations with china, Interest Rates, and a lot more. But first up, the march towards 20,000 continues. The dow is on track to open trading at an alltime high one day after posting its 15th record closing high since the election. We also have the fed kicking off the twoday meeting, many expecting it to result in a rate hike tomorrow. Jim, i assume theres no doubt in your mind about that. No. And i think that the banks have to have it. We saw the banks waivever. This is not an all trump stock day. We got china, good numbers. Italy, major recapitalization. I think there was another time this market would be up huge just recognizing these italian banks are getting their act together. Im worried abou
But as rates rise, will the stock market rally be slowed or stopped . Malllicious activity. Shopping malls have become Fertile Ground for cell phone hackers. What you need to know to protect yourself. Those stories and more tonight on nightly Business Report for tuesday, december 13th. Good evening, everyone and welcome. Dow 20,000. Not so long ago, like for instance, in february of this year, reaching that landmark number seemed a ridiculous idea. Preposterous, even. Not any more. Today the Dow Jones Industrial average came within 50 points. Maybe tomorrow, might be not for months. But what we do know, to the roughly five weeks from the election and six from the inauguration of donald trump as president , the three major stock market indexes finished the session at alltime highs. Again. The blue chip dow index added 114 points to 19,911. Its seventh Straight Record close. Nasdaq up 51, s p 500 gained 14. And later in the program, well look at what investors should keep in mind when st