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Woodruff all that and more on tonights pbs newshour. Collette. Celebrating 100 years of travel, together. Bnsf railway. And by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. Carnegie corporation of new york. Supporting innovations in education, democratic engagement, and the advancement of International Peace and security. At carnegie. Org. And with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff it has been a day marked by major news on two fronts. Republicans in the house of representatives pass a 1. 5 trillion tax package. President trump hailed it a big step ....
President at the white house yielding no deal. Republicans now branded the schumer shutdown. We are monitoring the minute by minute update. And republicans now demanding that the public be able to read a classified memo prepared by house intelligence that potentially details fisa surveillance abuses by the Obama Justice department and james comeys fbi and as republicans now saying they cannot believe that what they read in that memo is going on in the United States democrats call it misleading talking points. Weve got details. Plus, can you believe its been a year the president is turning a one Year Anniversary bash at his maralago property in florida, weve got details and we also have an allstar guest line up including rnc spokesperson Kayleigh Mcenany, the wall ....
Year. We have one trading they left and a lot of news to cover. Geopolitics with russia and the u. S. , but also market movements and volatility in currencies in 2016. First, lets get the first word news. Here is sebastian salek. Seb a ceasefire agreement came in effect in syria overnight after russia and turkey announced he had brokered a deal they hope will pave the way for a peace settlement ending the civil war. The move sidelines the u. S. , which had led peace efforts without success. But most recently, a similar ceasefire negotiation collapsed after a week in september. The bank of italy has said the rescue of monte dei paschi will cost the state 6. 6 billion euros. That comes less than a day after the European Commission approved a Liquidity Support Program for the Worlds Largest oldest bank. Unde ....
Fallout from that not only in the oil specific market. Recent slide. It has to do with the crude Oil Inventories number. I looked at the chart. Take a look. This is the weekly change. To taken all the way back 1982. Just a few weeks after we had the biggest draw down on record this is the biggest billed by number of barrels we have seen on record. In percentage terms the week over week change of 3 is the biggest we have seen since 2008. Fairly unprecedented. It comes a time when the oil market is already fragile. Have already seen a pullback that is insignificant. 13 , 12. 5 in the past two weeks alone. Than six dollars being taken off the price of wti already. This doesnt just have an impact on oil markets. It also has repercussions for equities as well. U. S. Averages at their lows of the session. It has to do with energy stocks. Energy shares down by 2 . Thats the worst performing group in the s p 500 now. Utilities, financial ....
Has set all the financial rates that they are in fact going to go up. It has been a rather diverse performance among other financials. They make money both ways on the loans they have on the books and what they make on the money that they have invested in a close in securities and not spread good that its all good news to them. And then there is this notion how i miss them higher rent the Federal Reserve is hiking rates, what that says about the economy. Usually a good day. Things are picking up steam. Having said that, it is tough for a candidate to take higher Interest Rates trying to land themselves in the white house. We will see how that goes. Were also following very closely what seems to be business groups, normally very friendly to republicans or low to donald trump did not across the board. An interesting survey to elaborate on a little bit later a two to one margin ....