And a morning. The ec and a warning. The ecb says they must be wary of introducing fresh stimulus, but are they moving closer to draghis position . We will hear from bundesbank throughout the show. And weve got the imf pushing for bold fiscal action, goldman pushing back on that. Where did they see Monetary Policy in the next . In the mix . Hans he says it will be data dependent. Normally, the german voice tends to be, well, quantitive easing can be counterproductive. Theyre specific, saying they wont be for it. I heard a central banker in frankfurt yesterday who was open to the idea of doing something more, but he clearly wants to tweak it. He may be closer to that theater constantia position. He didnt explicitly say it, but he seems to walk up to it. Guy we will talk about that later. S an i have plenty to h hans and i have plenty to kick around. Lets look at what bloomberg is telling us. A fairly positive open looks like the risk is creeping back into the Service Sector data, clearl
Language at the next Federal Reserve meeting. That will be a starting pistol in the fed interpretation of when the first hike might come. Typically that would mean six months time. European equities are lower. Iron note from jpmorgan on ore and where we are going with that price. 2016 65 back in bucks. Global demand is going to moderate oversupply forecasted in the near term. And china as you see this quite strange move they will reduce the amount of bonds they have prepared to give out cash for at the central bank. This is a reflection of where we are concern about growth, supply and pricing in terms of those metals. A conversation with hsbc this morning mr. Sullivan said get your portfolio ready for shocks. Underweight they now begin to look interesting from a dividend point of view. Lets have a look at these three. Man as towith palis whether they will get together and do a deal. Repsol down 2 this morning. 22. 7. Own in september and october challenging. They do see some improvemen
This is the time of year that businesses are at their greatest risk for losses, not just from shoplifters but employees. Our kate rogers has a special report. But lets begin with markets right now. An hour to go and we are seeing significant pressure on stocks. The dows off 102. Well off the lows of 150 from the last hour or so of the session. Still as mentioned, a lot of pressure in the Energy Complex. Crude today closing at a fiveyear low. And look at some of the names taking it on the chin in response. You have a denberry off 10 . The equity not just hit and seeing pressure on the credit default swaps here. Time now for the closing bell exchange. J. J. Kenihand joining us and thomas fross, lee drogan, renee norris and our own Rick Santelli who rocked it yesterday on meet the press with chuck todd. Well done, ricky. Lets get to the conversation right here. Thank you. Thomas, to you first. So we have this really good jobs report on friday. And then you have this continued drop in crud
Suffered its worst trading session in 15 years. The ruble bounced back at the open this morning, but it has since dropped once again, falling into negative territory against the dollar despite these extremely hard core moves by the russians. Russian stocks selling up again as Oil Continues to decline. Michelle ka reduce sa cabrera will join us with the russian story and why the markets are very worried in just a moment. Headlines out of china grabbing attention this morning. The first flash reading of the hsbc pmi showing the First Manufacturing contraction there in seven months. It was a reading below 50. This is the latest sign of weakness in the chinese economy. Stocks rose on hopes of more stimulus from chinas central bank. As for how things are shaping up here at home, check out the futures this morning. At least in early trading, remember yesterday, everything reversed by the end of the day. We were up 100 points in premarket. But in the premarket this morning, dow futures are in