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Moving news from all around the world. Delhi, newg to new jersey and washington come our bloomberg voices are on the ground todays top stories. In asia, you had the pboc lowering the rate it charges on shorterterm loans to lenders. Index added 150 billion yuan into the banking system. Joining us is tom mackenzie. Is this the start of an easing cycle, or a shortterm term liquidity crunch into the new year . Tom it seems like more of a shortterm liquidity crunch. We are looking ahead to january, what it looks like you will get a withdrawal of cash out of the Financial System here of about 450 billion. They take that liquidity out ahead of the chinese new year, which comes in towards the end of january. It does seem like it is more of a seasonal effect. More broadly in the economy, credit has been tightening. We saw today from the pboc was some gradual measures to try and address this queasy liquidity, and a couple of basis points ....
Weve seen since the election. The nasdaq is indicated up by 8. 5 points. Well talk to the nasdaqs ceo later this morning. Look at what happened overnight in asia. The nikkei was up by 1. 1 . Markets in china also closed higher with the hang seng up by a half percentage point. In europe this morning, in the early trading thats taking place, you can see things are relatively flat. Across the board. The ftse, the cac, and the dax all sitting within points of where they closed yet. Its been a big couple of days for markets there. Pepsico just out with earnings. The number is a core earnings of 94 cents a share. That Beat Estimates by two cents. Revenue also coming in a little above expectations. Talking about what happened with this quarter, she said they achieved solid Revenue Growth in the First Quarter, underpinned by glob ....
Have more sunshine today. Temperatures seasonably cool so you want a jacket if you plan to step outdoors. 49 degrees currently at b. W. I. Thurgood marshall. The dew point at 40 degrees, winds westnorthwest around 6 Miles Per Hour and in the afternoon, temperatures expected to be in the mid to upper 60s. The winds will be out of the west today 5 to 10 Miles Per Hour. Its nice did today but gets war into the upcoming week. Quiet this morning but friday it was a different story friday night. The National WeatherService Officials spent much of saturday on site where its believed a tornado touched down in Harford County. How can you describe this as we look at this . How can i describe it . Its a mess and im ....