Bit. Right now we start with vonnie quinn. Vonnie good morning. Greece has made the deadline it could not afford making payments totaling 7. 4 billion to a number of creditors including the imf and the European Central bank. Greece got a bridge loan after its parliament agreed on new austerity measures. Greek banks reopened for the first time in three weeks but there are limits on withdrawals. Angela merkel says that is one of the reasons bailout cost need to go quickly. Merkel is also suggesting greece get limited that bullies, but she will Debt Forgiveness at 30 to 40 , that cannot happen in a Currency Union. It can happen outside of Currency Union but not within a Currency Union. Vonnie the price of gold has gone to a fiveyear low, down more than 1. 5 today. Analysts say there are a number of reasons. The fed is set to boost Interest Rates today, which favors the dollar. There is a demand for gold in china. Donald trump is doubling down on his attack on john mccain or he wrote an op
Its great. And for you, especially. It was your idea. Its great for all of us. Lets get you caught up on the business headlines this morning. Three big stories we are watching right now, oil prices are up plunge again. Main benchmarks trading at 5 1 2 year lows. Brent dipping below r50 for the First Time Since may 2011. The latest Oil Inventory data is out at 10 on 30 a. M. Today. The adp employment report is coming at 8 00 a. M. Eastern time. Then we go minutes from the latest fed meeting. And breaking news overnight, the tail of the missing airasia plane has been found in the java sea. It is the first confirmed sighting of the wreckage from the jet liner. This is notable because the flights black boxes are located in the planes tail. Jcpenney announcing its samestore sales lows. They say comps at the high end of its previous year. Microns revenue forecast mission wall street estimates. The memory chipmaker hurt by a drop in output as it upgraits grades production lines. Im not going
Mostly green arrows across wall street today as we near the 1500 mark on the s p 500. And a 0. 1 contraction is expected for the German Economy in the Fourth Quarter. Those figures will be out in just under 30 minutes. The governors of the banks of italy trade in siena. And imfs Christine Legarde tells us that Central Bank Stimulus is still needed. We have the central bank on the one hand which have done quite a lot, which have been the fireman, in a way. And you have the policymakers on the other hand particularly in the eurozone who have made some progress and need to keep the momentum. Now, any minute now, were expecting the results from germanys ifo institute. January Business Climate index survey is expected to rise to a reading of 103 from 102. 4 in december. This, of course, follows an increase in expectations in the dew survey earlier this week. Weve seen an increase in the pmi surveys for germany over the last couple of months. As the German Economy particularly looking to cli
Previous reading. Not out yet. Kathleen brooks is with us. Im not sure why we dont have it but anyway, whatever your expectations are for this, how close is germ 234i going to skirt with contraction in the Fourth Quarter . It certainly has been slowing down and it looks like theres the possibility that even germany is starting to have some mild contraction and maybe even in the technical recession i would think over the next two quarters. The Economic Indicators have been coming down in determine any, there had been an expectation that consumption kicks up more in the country. Which it has a little bit, but a little less than maybe people have been expecting. Obviously the fallout from the International Crisis and the backdrop is not really helping. Eurodollar edging up to a three week high. Growth numbers dont seem to mary ann awful lot to the traders. No. Its been able to shrug off the kind of pmis, weak german data. Quite easily this week. Were probably going to be looking for next
Facebook. Com greta, you will see me live right now and in seconds saturday answering your questions. Go and ask questions on my facebook page. Its live. Good night. Welcome to red eye. Hello, everyone. Im tom shillue. Lets check in with andy levy at the tease desk to see what exciting stories we will be discussing. Coming up on the big show, ted cruz refuses to wear a wisconsin cheese head or any other silly hat. Sounds like someone doesnt want to make America Great again. And Hillary Clinton has had enough of Bernie Sanders adding, quote, it is so much better how they get rid of challengers on game of thrones. I cant believe that is a quote. And andrew wk is here to talk about his new Political Party, the party, party. Find out what he has to is say about the strict no party rule. Back to you, cracker. Thanks, andy. Lets welcome our guest. I am here with joanne nosuchunsky. No clef no clever introduction. I usually have something clever to say about you. She is fantastic. I know what