What is making headlines outside the business world. Taylor david, the first charges may be announced today in that investigation of russian involvement in last years u. S. Election. According to multiple reports, the grand jury associated with special Counsel Robert Mueller as approved the first indictments. President trump called the investigation a witchhunt that is bad for the country. Puerto rico plans to cancel a controversial 300 Million Contract to rebuild the islands power grid after it was devastated by the hurricane. The contract went to a tiny Company Based in whitefish, montana, the hometown of interior secretary ryan zinke. Whitefish energy had two employees before winning the nobid contracts. President of the catalan republic failed to show after being fired by the Spanish Government over the declaration of independence in the region. News 24 hours per day powered by more than 2700 journalists and analysts in more than 120 countries. Im taylor riggs. Jonathan thank you v
It is monday morning, time to look at your data and what it is telling us. There is a little bit of a rally european stocks. Oc crude is the story of the day 48. 93. The nymex is up the tory government, after the weeks we had from the labor manifesto, the pound 1. 2924. We will have more on those equities rising in the optimism surrounding the Chinese International spending plan infrastructure, but first lets get to the bloomberg first word news. An unrivaled global cyber attack will continue claiming victims today as people return to work. Even after hospitals and other facilities gains the upper hand against the malware, it affected organizations and businesses, including the National Health service, russias ministry of interior and nissan. Saudihas jumped after arabia and russia said they favor extending Oil Output Cuts through the end of the First Quarter of next year. The Energy Ministers of the Worlds Biggest Oil producer spoke at a joint News Conference in beijing. We have to th
Lets look at u. S. Equity futures. Yesterday the markets were weaker this morning things are mixed. Dow futures up by close to 12 points s p down by 2 points nasdaq down by about 15. In asia, the nikkei was down almost a percentage point. Same thing for the hang seng the shanghai was up by a percentage point the cac is down by 1 now. Ftse is down by a third of a percent. The dax is off by 0. 6 the tenyear note, the yield yesterday settled at 2. 15 this morning the yield is below that 2. 146 breaking overnight, saudi arabias king ousting his nephew, the ksitting crown prine and putting his son, Mohammed Bin Salman the former crown prince was in charge of saudi arabias services footage showed an amicable change in succession the saudi all shares is up sharply today on the news. A check of crude prices, this is seen as a potential wildcard when it comes to crude with the change in power. Were seeing it holding on to modest losses here this after a big loss in yesterdays session. This happ
I am Francine Lacqua. We have tom keene. We have mario draghi tomorrow. Lets get more on euroarea inflation. Lets go to our international correspondent, hans nichols. Pointthe survey was 40 two, this is below, 0. 1. It shows no inflation and will increase pressure on draghi to do Something Big and bold with quantitative easing. One of the guys at talking about his expectations and sees it expanded to another half a billion euros for a longer duration. Will they do about the deposit rate . This will be talked about when they meet in frankfurt tomorrow. Erik what do you see in the of europe as it knocks on what mario draghi will do. Is it improving or slowing . Hans when we look at all of the eyes, it seems the German Economy is a little stronger than the Inflation Numbers filtering through. Wage increases in germany. We have not seen that happen with the headline inflation number. The core inflation is up a looke, that they like to through that as well. The core was one point one, facto
All closing at a record high on the same day for the first time in about 16 years. The big winners were energy and utility stocks. The nasdaq isnt taking part in the party at this point. If he check out the futures this morning, right now you see there are some red arrows. These are modest declines at this point. The dow futures down by 1. 5 points, dow down by 9. 5 points and the nasdaq down by 3. 5 points. Policymakers in europe are expected to stick with current plans keeps rates at record loys. But there is growing disagreement between ecb members and mario draghi. Here at home, two big economic reports to watch this morning. Both of them set to be released at 8 30 eastern time. We have weekly jobless claims seen at dipping at 285,000. Well be getting a first read on Third Quarter productivity and, andrew, ill send it over to you. Lets talk about some Corporate News this morning. Tesla posted better than expected Third Quarter results. Those results driven by record deliveries, but