Looking quite strong, up over 1 this morning same thing with the shanghai composite. Then european equities right now are also in the green. The cac ass off, ftses off i spoke too soon i looked at the ftse beforehand. The ftse is up, the dax is up. Everything else is down just marginally well, here are the big stories were watching for you today. We are continuing to follow a developing story out of Southern California new evacuations have been ordered as a string of massive wildfires continue to grow the thomas fire, the biggest in the area, still on the move. Officials say the blaze is just 10 contained. Its already burned more than 360 square miles of land we will continue to follow this developing story, bring you any updates and developments as we get them. On this weeks economic agenda, tomorrow, look for the november Producer Price index. The fed also kicks off a twoday meeting. On wednesday well get cpi as well as the fed decision this latest Economic Forecast and Janet Yellens
Gain since july. Shares ended last week at their lowest level since 1999 as the company tried to sell assets and restructure. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Lets have a look at markets in the region. Weakness on the nikkei. It hit a high yesterday. Coming under pressure. This is bloomberg. Emily this is bloomberg technology. Coming up, the worlds most popular cryptocurrency. We will break down its first day. Holderl hold service bash Service Providers accountable . Why the area era of smart speakers eavesdropping in the comfort of your own home. Bitcoins debut. The contracts thrusted the cryptocurrency into the realm of regulators, banks, and institutional investors. Here to give a highlights on the day, we are joined by our reporter julie in new york to walk us through the day. Reporter we saw surges in the first few hours of trading and there are Circuit Breakers in place and, if there is a
Of ours. Actually 10 00 we are looking up on all the major averages i guess, yeah, looks like we are. European markets, you ask, we answer what are they doing jim . We trade with the good ones now. Whats that we trade with the good ones. All positive. Other than spain 10 year note right around look at that over 58 this morning our road map as well it starts broadly with stocks on track to open higher boeing boosting its dividend shares rising premarket. The plan maker setting a new 18 billion stock buyback plan and a mega mall merger. Buying the World Trade Center mall and new jerseys nearly 16 billion overall. What . We should have 3m just preannounced. Lets get to that too. Remember the other day a fellow was telling you to sort it it was ill advised. You were on him. I was all over him like a cheap kmart suit. Those are cheap. That was my first thing that i wore to goldman. They said get out of that corduroy suit. A day in which the fed will hold its final policy meeting of the year
Wars the last jedi, is in theaters tonight. Rich gelfond is the ceo, hes here exclusively to tell us how star wars and the disney fox tieup will change hollywood and just how imax outdid itself at the london premiere. Were going to show you something youve never seen before. Plus, oscar winner jamie foxx helping the turn the eye wear industry upside down . How a pit stop at a gas station got him together with the gutsy Small Business thats ready to disrupt the disrupters. And well tell you how a tech titan original is now hoping to use his original take and chance on bitcoin to cure global poverty. Can overstock Ceo Patrick Byrne do it . Were going to push him on this in a fox business exclusive. On wall street, the markets sliding late in the session as materials be and Health Care Stocks lose are ground. Were less than an hour the closing bell. Big hour here, folks. Lets start the countdown. Liz breaking news just minutes ago, President Trump literally cut the red tape on red tape an
A bowl in this market as well, as it has been for much of the year. It looks like investors are pricing in a high likelihood that the tax bill is going to get past, after some back and forth regarding senator marco rubios vote today. We learned that it sounds like concessions to what he would have happened on the tax credit is getting into the bill. The index isof touched major intraday records today. It is outpacing the gains we are seeing in the major averages today. Thats get a temperature on the high tax proxies we have been watching. Here in the white line is an index of high tax. These are the companies that are seen as benefiting more from a Corporate Tax cut. This is the russell 2000 four reference in blue and the s p 500 in yellow. It is interesting the action we have seen in the russell, because within these companies that are mostly domestically oriented, with they are also tax as benefiting from the bill, but the russell has not been performing as well, perhaps in part beca