Dollar to climb. The greenback had slower against all major peers to its worst year and more than a decade. We will bring you some of the key traits. Asian equities, what they had a bumper year. They had hired to yearend. We will bring you the winners and losers from 2017. Lets talk about was going on these markets right now. The cac relations for the idea that we are actually looking to a positive start in europe. Its low volume and not that much of arise. Looking at the s p, theres a slight dip. We will see with the futures deliver. Asian markets are little more mixed. China has come off a little bit and australia has had a soft day. Lets see was happening with the gmm. As you can see, australia down by 3 10 of a percent. The dax did not have a great day yesterday. Chinese well bid. Lets show you was happening in the commodity complex. This could be interesting. Crude, well bid. Of 60 box a barrel. Look for the oil story. Copper, is trading softer this morning. Into thes back austral
The latest trend in fashion. , whichs a trend growing are u. S. Companies bringing their cash back from abroad. We know apple is the big one. They are going to be bringing billions of dollars back, which means theyre going to pay 38 billion in taxes. And that is really, for lawmakers to pass the tax reform, that is the eyes on the prize. They have built up this much money overseas, when are they going to bring it back, and how much is it going to bet go back how much of it is going to go back to the economy. In creating jobs, which is most important to the white house. Those numbers that were highlighted in the press release if you look underneath the hood, theres questions of how much is going to be repatriated back and where it is going to go . A lot of the money is in the denominated dollars. And will other Companies Follow as well . In the meantime, another note on that, apple is spreading the joy, with employees getting bonuses. We also have overall stocks up, and a wild ride that
Facebook falls, users are spending 50 million hours a day lesson the social network and happy about it shares set to open at the record. Its a huge day for tech earnings, mike soeflft, alphabet and amazon, all on tap after the bell. Futures signal a sharply lower open obviously a whipsaw week so far. Facebook is the top story. Up in the premarket, the social network post better than expected forecasts and increase in ad sales despite the time spent by Users Falling by 50 million hours a day. Mark zuckerberg last night on the earnings call. The most important driver of our business has never been time spent by itself. Its the quality of the connection and thats why i believe this focus on meaningful social interaction is the right one. The first ever quarter on quarter dau decline in the u. S. And canada they say its not a trend. They say its not a trend i think youve got to believe. The market probably doesnt believe in them because this thing is selling at a multiple almost the market
The fomc minutes . Game, but theye were smaller than they were minutes ago. The dow, s p, and the nasdaq solidly higher, rebounding from yesterdays a lot. The volatility continues. We have had two days of intraday errors reversals for the downside, both on tuesday and wednesday. Moments ago, the dow was up more than 9 10 of 1 , the s p 8 10 of 1 , and the nasdaq 7 10 of 1 . It seems like the volatility will continue, and the source of pain that vonnie was alluding to. Lets look at the s p 500 today intraday chart. Gains very nice yesterday, and around the time that the fomc minutes were released, the s p 500 had been up 1 as investors were digesting the strong Economic Outlook on it, but taking out the idea that the fed said they are on pace to meet the 2 inflation target and i will be raising rates three times a year. We saw the s p 500 take a dive. Down over the last two days, down at one point more than 1 over the last three days. Thee higher rates, Inflation Expectations, the steep
Seeing the treasury and buying yields down. After the fed minutes, they got hit in tensely. David it is time for the morning brief, here is what is coming up. The ecb will be publishing that account of its january policy meeting. At it 30, initial jobless claims and at 1 00 this afternoon, the u. S. Auctions sevenyear notes. Alix time for our bloomberg daybreak first take. First up is that hawkish versus dovish read on the fed minutes. The ecb account coming out in half an hour. There is rhetoric out that they are to blame, and barclays shareholderso looking for its first buyback in years. David we will come Peggy Collins and Joe Weisenthal we welcome Peggy Collins and Joe Weisenthal. Lets start with a quote from the fomc minutes. This is what they said. You have to get all the way through the end. That thegreed strengthening return increases the likelihood that a gradual upward trajectory of the federal funds rate would be appropriate. They therefore agreed to update the characterizat