The deal he this number pivotal ahead of tomorrows opec meeting. P. M. , the twoyear had a did to cover ratios yesterday, the highest in a year so watch the option. , whent the fomc minutes it decides to leave rates on home. How does the Balance Sheet pay into that . Robert kaplan and Neel Kashkari will be speaking. David it turns out china has a lot of debt. We may have known that before, but it is official overnight. They downgraded chinese debt for the first time in 30 years. The Senior Vice President had this to say about the decision. Be a gradualto erosion of credit metrics. We are looking at the policies the government isnt lamenting. The authorities have recognized the risks with high leverage and have a very broad structural reform. We think that counts to the point where leverage will increase more slowly than it has in the past. Still, these measures will not be enough to reverse the increasing leverage. David joining us now is chief economics correspondent for bloomberg. It
Rig count at 1 00 p. M. Eastern time. Our road map begins with a big set back for Prime Minister may. Yesterdays snap election ending in the Hung Parliament. What does it mean for the looming brexit talks . Plus, stock futures are pointing to new records as investors shake off that political turmoil in the uk and back here in washington, d. C. And complete vindication, thats the take away from the president on the testimony by comey but the reality may be a bit murkier. Well talk about that. But first, the uk is the lead. Mays conservative party lost the majority after the election. Resulting in a Hung Parliament meaning no party has the 326 seats that are necessary for an outright majority. May had called for the snap election in the hope of strengthening her hand in brexit talks after her meeting with the queen, the Prime Minister spoke about forming a Coalition Government. What the country needs more than ever is certainty. And having secured the largest number of votes and the grea
Boo incredibly easy. And when the gloom lifts. The house of pain. It almost feels like a reprieve from some sort of stock market death sentence. As it did today with the dow climbing 83 points. The nasdaq declined. 77 . Largely because of apple, more on that later. Now, i am not dismissive of the negativity that i see pretty much everywhere. Weve got a couple of real solid reasons to feel totally down beat. First, i cant believe were still focusing on this thing. For five years weve had to keep one eye on wall street, one eye on wall street. I remember who tenyear stretches i didnt care what was happening down there. At the moment, we can barely focus on anything but washington. The whole u. S. Economy, your entire portfolio is hostage to two warring parties, demonstrating a level of partisanship thats been measured to being the worst since 1860, the origins of the civil war. Lets hope it doesnt take out that particular benchmark. Were witnessing the titanic struggle between those who
German Industrial Production and some reports at least that some ecb members favored a rate cut yesterday. Our road map will go like this. That puzzling jobs number beating virtually every wall street estimate as the Labor Department says sandy had only a minimal effect. Is it true a clean number and what are conspiracy theorists saying. A comment hastings made last july. What does it say about s. E. C. Rules and whether they are out of date. Mcdonalds will post same store sales on monday gets an upgrade to buy taking the forecast to a street high after surveying franchisees. We begin with november jobs number. 146,000 nonfarm jobs added last month above forecast of 80,000. October and september payrolls were revised lower. Unemployment rate fell by 0. 2 to 7. 7. Thats the lowest in four years. The dip occurring mostly because more people stopped looking for work and were not counted as unemployed. As for hurricane sandy, the Labor Department says the storm did not substantively impact
Our road map begins with a 20 billion deal. Freeport mcmoran getting into the Energy Business making two acquisitions. Plains exploration and mcmoran exploration. Concerns over the u. S. Economy as adp misses estimates. The blame goes to superstorm sandy. Goldman says the party is officially over for gold. Starbucks at an investors conference will add 1,500 stores in the u. S. Over the next five years. Wait until you hear what they said about china. A big day in media. Pandora ceo joins us live later this morning as the stock fell nearly 20 on weak guidance and netflix signs a big exclusive with disney. How much are they having to pay up for that . Lets deal with this big deal. As ive been telling you well see a lot of big deals i was wrong. Here we are. Freeport mcmoran buying not one but two companies. The combined price if you add it all together gets close to 20 billion. That does include debt. Lets go through some of the details. Its somewhat complex. Lets start with bigger of the