Good morning very warm welcome to Worldwide Exchange. Im wilfred frost. Im Courtney Reagan in for sara eisen thanks for having me no shortage of news today. We have a lot to talk about. And its friday what more could we want . Great to have you with us. Lets check in on the market picture. We got a laterally yesterday, pretty much in line with when President Trump announced jay powell as his pick for the fed we saw markets rally up towards the close. Not a huge rally but the nasdaq ended essentially flat the dow up 0. 35 the s p was up fractionally. Banks rallied a bit as well. Jay powell in a short speech had time to say he felt the banks were safer than they used to be. That was encouraging in terms of the deregulatory outlook this morning were pointing higher the dow up by 17 points. Nasdaq by 19 s p by 1 tenyear treasury note has seen yields slip significantly over the past week or so. Down to the mid 2. 3 level. 2. 35 . Looking at the action around the world starting with asia we
That is what rip the heart out of the overall gdp numbers. About destocking. 19 sessions of gains on the topix. You get to see what happens behind the scenes in terms of having to choose the currency. I cannot find my ruble. That is what i was looking for. This is live tv. 47 point 38 is where we are. The ruble is continuing to fall. 38 is where we are. To talk about 1998. They are going to talk about the last time russia defaulted. Catastrophe that ensued because of the decline of oil prices, those are the words of the leader of russia, not mine. With an comes out contrarian view. They raised the equity market to overweight from underweight. Retail sales will be out next week. The bank of england minutes will be out next week. We like polls. Growth in the Fourth Quarter in to estimatesding will be 4 10 of 1 . In france it will be 3 10 of 1 for the Fourth Quarter. Draghi speaking today. The yen is stronger. The dollar is down. Some individual names i have been keeping an ion. An eye on
Hurrah . Or do you say, it is the slowest quarterly growth since 2009 . Greater minds than mine will have an opinion on that. Should china do more question mark should china do more . Sales will come out later on in the day. Hat will drive the market we have the huge breaking story. In accident in russia, his private jet having a collision during take off. We will cover that story in its totality to the show. Who will take over . Continuity, that man had about whether of the oil and gas bellwether of the oil and gas industries. The character that he is. Look. Have a revenue in line, dividend beat, they will invest half a billion pounds in organic growth. The markets are lower. The numbers on your gamache investment causing a little bit the numbers are lower on the organic investment a little bit. Like for like sales missed revenue. Pharmacy diverge their business by the end of the year. They are guiding at the lower end of the original guidance they gave to the markets. They said they
Johnson & Johnson on Tuesday said it sees the impact from high inflation carrying into 2023 and expects China s major COVID-19 outbreak to dent sales at its medical devices unit in the first half