Plane was shot down by an Iranian Missile. Boris johnson agrees with that view while ron dismissed the theory as not possible. Weekassets and a volatile with futures pointing to gains again today. Gulbis trading back where it was before u. S. Iranian tensions flared. Clearer picture today the payrolls number can show a rebound after a strike at gm skewed results in october and november. December is typically a job losing month. Larry kudlow joins us after the event. Jon ferro will talk to him. 2 30 p. M. London time. We are just under an hour away from the start of cash equity trading in europe. Lets take a look at the futures. They are up across the board after we saw gains on almost all european indexes yesterday. The ibex 35 was down. Everything else had green arrows. A new high on the s p 500. We still see u. S. Futures higher as well after those records were hit. It looks like investors are willing to go further into risk on territory. What you see on the gmm . Gmm, before we get
Nejra we wake up to retaliation from iran. We hear that this isnt war. Here are some of the market moves. Brent paring some of those gains. Gold strongly bid. Still firmly bid on that safe haven. Dollaryen as well trading a bit to the downside. We are coming off the highs for the yen. We switch the board and take a look at the 10 year treasury yields. We saw quite a precipitous drop at one point in the Asian Session, down 11 basis points. The 10 year treasury yield has actually dropped to below a trend line we have seen since september. We see asian equities on the back foot as well, but generally, equities paring some of the losses. After iran has said that this is the way,also, by volatility was created by the news of the boeing crash. When we got the technical issue headlines, we saw the market stabilize a little bit. A lot to digest. Iran retaliation. Iran has fired rockets at two iraqi airbases housing u. S. Troops in response to the killing of the general. Irans revolutionary gua
S p 500 closing for record territory the second time this year. Nasdaq leading major averages with a third record close. Any minute, President Trump is set to depart the white house, making his way to battleground ohio for the first Major Campaign rally of the year. Well bring you any comment from the president , if he stops to speak to reporters. We have fox Business Team coverage. Blake burman at the white house. Gerri willis on floor of new york stock exchange. Edward lawrence in minneapolis. Phil flynn is watching oil at the cme. Lets start with, hmmm blake. Reporter here in washington, u. S. Officials believe iran shot down the uranium Airlines Flight that left iran and crashed in minutes. Officials say they believe iran shot the plane down with surfacetoair missile and did so by mistake. One official telling fox of iran, quote, they just screwed up and it is tragic. Iran of course first blamed the crash on technical issues on that boeing 737 but President Trump today echoed the s
Today but we start with todays turnaround after a weekend of threats and a global selloff that saw markets from asia to european drop, u. S. Stocks prove resilient with all tree indexes finished in the green. So faced with one of the most significant escalations in mideast conflict than weve seen in years, investors are Holding Strong could anything shake this market what do you make of the action. Welcome back courtney and tim has been away. Thank you. It is shocking. At one point the vix was 16. 5 and in an environment where the vix has no business in my opinion below 14 i explain it with beginning of the year inflows in a significant way and the fact that the Federal Reserve keeps pumping in liquidity at record paces. Now north of 400 billion since september. At this pace, by april of this year well have exceeded the alltime high for the Balance Sheet for the Federal Reserve which in my mind is just madness. I think that is the explanation. Now the fact that taib contin s continue f
Sees oil prices spiking the most ever. Brent has paired its initial gains, but still up more than 10 this morning. The president says hes locked and loaded. The u. S. Point fingers at iran, donald trump sang a response depends on verification. Tehran denies. They assess a new threat to crude supply. D jumps is money flowing floods into currencies for other nations. Less than a halfhour until the start of the european open, and markets dealing with oil price move, thats reflected in futures. Futures will be weaker at the start of trade. Well be looking for reactions in the oil majors, asia stocks, the extensive hedging the various airlines have in place. All of that could be key after the aviation stocks. Lets have a look on the gmm. Weve seen the biggest ever day jump in the oil price. This is having an impact on various assets. Instead of a flight to safety, its more of a sell everything going on here. Money coming out of the markets in asia. South korea and china were closed friday.