Pairing of the losses which, not that long ago, were lower than 1 . We did get the weekly crude inventories report. Distillate, hope that there will be a future drawdown in crude as well. We saw Oil Prices Move lower after that. Ago and ahile little while ago, moving to unchanged. The other Market Movement of the day has to do with the British Ground british pound. It is moving lower compared to the u. S. Dollar. Volatility surrounding a possible u. K. Exit from the euro. If you take a look at the history and look at the range of the pound in previous times of 2008,ng crisis, 1982 and that is what some traders are looking at as guidance for what could potentially happen this time. Alix lets check in on the bloomberg first word news. Mark Chris Collins of new york and Duncan Hunter of california are now on board. Hunter says we dont need a policy hawk as president. We need a leader. Democratic frontrunner Hillary Clinton hopes to advance or leave on senator Bernie Sanders end. Mrs. On s
Kick off hours away, 20 teams in it for the top 5. We begin with the political turmoil in burkina faso. The country hit a coup detat this week. Security forces patrolling the streets to put down any protests. 3 people have died. The countrys borders has been ordered shot in a nighttime curfew imposed. For more, lets cross to arno fortunate on the ground. What can you tell us on the , the president and interim Prime Minister were taken into custody. I can tell you that early this morning, a military spokesman of the president ial guard made a new statement on national television. He announced that National Council for democracy, as they call themselves, has released the ministers and a source of the former president told us that Michel Kafando was not totally free, he was under house arrest. We are trying to confirm the information. One more thing in the statement by the military, no mention of former Prime Minister isaac zida. Still unclear at this time whether hes been free or not. Le
Jcpenney especially. That stock is very strong today on better than expected holiday sales. We certainly are. We have had a down couple of days for the market and set up perhaps for a spring back and surprising to see the resilience today, not more of a flight to safety bid after the tragic shootings in paris this morning and, in fact on that note as we keep an eye on that horrible terrorist attack on the magazine that previously ran the cartoons of mohammed the president and much of the world condemning the barbaric murders. Well get you the latest as the attackers are at large. At this hour i think pictures out of france a vigil is taking place. Hundreds of thousands of french people citizens are in various squares in paris and elsewhere to mourn the loss of those lives today. Yes. And what theyre holding i believe there are signs saying we are charlie referring the magazine attacked. I know that you know we are the business channel. I should mention it was interesting to note that t
By pretty much all by yours truly. I liked it because it set the barlow for the rest of the year. The vast majority of Companies Reported when the dollar was too strong. Now we have a totally different scenario i see the dollar putting in the top, i see europe Getting Better than equity examined and i see order where others right now are gripped by chaos, the backdrop is changing. Which means we will not be listening to hang dog executives whining about all the head winds out there and i like that. We will hear Domestic Companies that will be in refinance heaven and not only that, washington is off the front pages again. In short, we have a positive backdrop. Approximate the now the unemployment events are in the rear view mirror. Who is important next week . First we get the kind of company that im liking here. Masco, the cabinet, plumbing and paint maker. Does a lot of business in europe by the way. When i listen to the land of a thousand dances i spot the green shoots in europe and
Of living. The research on standard of living shows unambiguously that trade is great for these reasons. I just make two observations. Trade is great when say, japan is in recession. Japan is a huge economy. If japan werent in recession, it would be a huge economy plus 3 . So the returns arent that different no matter whats going on with japans Business Cycle or any of our trading partners. The second is i think to the extent the world is becoming more chaotic, what does this mean about the returns to trade . I think arg automobilely that raises the returns to trade. We are a world with greater shared interest and this is where formal trade becomes a policy as well. There is greater trade with our neighbors when we have deeper linkages with them, and putting it more bluntly in terms of Foreign Policy, we had a huge effect in russia because we used to trade in russia and sanctions have been quite effective. I think there have been Foreign Policy issues on the table as well. Those are re