The rally created a little bit of a left in european stocks. The dollar falling, weakening after janet yellen warned of rate increases. Of course, i am looking at the pound on the back of the budget and oil heading for its highest close in two years on extending output puts. We hvave a great show for you today on budget day. That conversation at 10 30 a. M. London time with normon l amot. Of a dodging the risk snap election. While merkel has publicly stated she is open to another vote, the president is to renew the partnership. Zimbabwe is waking up to the post mugabe era. There were to be let there scenes lastnt night. What will take over as the leader. A u. S. Navy aircraft carrying 11 crew and passengers has crashed into the sea. The seventh fleet was on route to the uss Ronald Reagan. They are conducting search and rescue operations. Because of the crash is currently not known. The outgoing chair of the Federal Reserve has cautioned that raising Interest Rates too quickly with infl
Operation managed to save everyone on board of two boards distressed in libya. The recent humanitarian and medical assistance. The coast guard has saved more than a thousand migrants in the past week. European commission chief says that the offer is still on the table for the United Kingdom to remain in the eu, even after both sides have entered the second phase of their divorce talks. Addressing the eu legislature, he said that we are not throwing the british out, would like them to stay. The exit of Great Britain is a catastrophe. That we all have to deal with the consequences of. Says that even if article 50 is set up for the u. K. To leave, theres an article that would allow them to a seat again, and i would be happy to facilitate that. Proposedr says that he new puzzles to settle a 25 year dispute involving greece and macedonia were progress can be made. With the core shares of both countries today, he is very hopeful that this process is moving in a positive direction. Leadership
The german dax is down about 10 and so is our s p 500, the 10yr note yield, thats a cheap culprit. Rates have been backup yesterday. We are right around 2. 84 it is the expectations of higher rates to a certain extent. The prospect of inflation has caught the attention of investor over the last tentrading days and resulted in a significant decline for the s p 500. Lets ged t to our road map this morning. The dow facing its worst week and s p 500 worst week since 2011 you just saw stock futures are pointing to a rebound. It would be the largest tech opposition until it is or it is not. Qualcomm officially rejects broadcoms buy offer theyre going to meet. Jim and i will have the details. And Winter Olympics. Carl is going to sit down the comcast ceo, Brian Roberts later this hour. Wall street has never been happy it is a friday bracing of what could be a volatile session the dow and s p 500 are in correction territory that means they reached down 10 from todays highs in late january when
This is how the social network will wire up the whole world. And how about this . A computer that processes a billion a billion computation, its a very Early Development in america. Varney company is about to begin. First this china has been selected to host the 2022 Winter Olympics beijing will become the first city who host both the summer and the winter games they hosted in the summer of 2008. They narrowly edged out other cities, and boston did not want it in their city. And price of barrel is down. Gas look at this 2. 66 down another penny overnight. Here is the headline triplea says 2 a gallon gas by the winter. Lower in some states. Look who is here. The former president of shell oil. All right, john listen up do not rain on my parade. Do not tell our viewers what you told them six months ago, that gas is going back to 4 a gallon this year. Dont do it. Okay stuart. I know we still have an open bet dont we . Yes, we do we do. So we shall see who collects at the end of the year. S
On the u. S. 10 year. The euro firmer against the dollar. Alix take a look at commodities. Oil below the 100 day moving average. That is significant. I wanted to point out it is not just oil that is weaker. It is the entire commodity complex. Iron ore, copper also down. Gold a little softer as well. It is important. Not just about oil or the oversupply, but weakness permeating. Jonathan lets get over to pray for now. President mario draghi predicted to leave Interest Rates unchanged through the end of 2017. Joining us for more ahead of the decision is jamie murray and matt miller. I wanted to start with a simple one. What are we expecting today . We are not expecting change in Monetary Policy for the ecb today, but we are expecting a change in the ecb inflation forecast. 1. 3 ank currently sees inflation for 2017. Running much hotter than that. It is at 2 . We expect the ecb to nudge that up this year. Comes off in 2018 and back in 2019. The question is, when is mario draghi beginning