The music, growns on the desk not retail were talking the santa claus rally. We want to know with stocks hitting record highs. Dont say it. Is there room left for a santa claus rally. That is. Or will investor be left with a giant lump of coal wow. Guy. Along with how was your turkey day. Gobble, gobble. Gobble, gobble. Gobble, gobble coming. Yesterday the faft day of the year. Love halloween. Love halloween. But the santa claus makes me cringe like this did you see what i did there . Bad news is its probably feels as though where a right on the verge of one bad news is good news for the mechanic good news good news doesnt matter seems like the market wants to go higher. Steve has been alluding to that for a kwhiel if you look at where the vix closed today 12 in the low 12s, the same level bottoming out late july. Go back and look what happened in late july if the vix is any indicator of anything these have been levels where when it bottoms out here typically the market tops out. With
Record high. Obvious question is the selling, the intense up and down swings. Is it over . Watch this show, you will find out, looking good in early going today but i have no clue how we close this friday afternoon. I have news for you on taxes, the news is watch out. Under consideration online sales taxes and that 25cent per gallon increase in the gas tax, they would pay for some of the infrastructure building but the significance here is the switch. We have cut taxes and now we are taxing what we buy. Oprah says she is not running in 2020. Yes, its friday and Varney Company is about to begin. Stuart not a great night for team usa at the olympics. Missed out on medal in womens, big event, she won gold in that event four years ago. She missed the medal this time. Figure skating, nathan falls during short program. There you have it. Now, he was one of the pregames favorites, got it. The germans won another gold. Ashley thats a surprise. Stuart they dominate this event. I think they have
This the generous officer offer we have been hearing about . What is the future for ge . We speak exclusively to one of the companys vicechairman, john wright joins us on what is next for the business and the outlook for u. S. Business under president trump. Matt . Matt we are less them one half hour away from the start of cash trading after a mixed close yesterday. We now have futures pointing down across the board. Not huge crops, but red arrows on the ftse, cac and dax futures. Nowt to talk about right has markets are concerned in the bond market as well. We see the german tenyear yielding 0. 25. A very low level as investors by a lot of protection. Guy lets figure out what is happening. Most equity markets are closed. India is open and down by. 4 . Saudiday, argentina and arabia did well. Turkey did well in terms of the currency story. The peso is up, the argentinian australian dollar. Some of the metrics we are watching this morning, ramadan. I want to make sure you are fully caff
A warm welcome to bloomberg daybreak europe. Im anna edwards. Manus get ready because well have a slew of earnings today, the busiest of the season. First have core earnings per share is that the. Outlook for the this year. Sales came in 26. 34, above the market estimate. They had guided that they would be broadly in line. They are confirming its about the bio similar threat. The Cancer Therapy was 1 7 of their revenue. A footnote to history is the line from the ceo. Numberscondquarter coming through, confirming the 2017 guidance. The bad news they seem to have missed on second order numbers. Below the estimate. Secondquarter revenue also a touch below the estimate. Ramparthe reengineered remains challenging. Superjumbo facing a number of issues. The newest widebody. Somesulted in cancellations. A lot to look out on the airbus numbers. Basf,etting numbers from keep in a nihilist germanbased company. Adjusted ebit. When looking at what the actually reported for the second is a, the sale
Erin 7 00. A lot of volume, take a look at 66, Prince William parkway, not the only air area with major congestion, big problems on 210 as well. Well take a closer look at that, allison and steve. Is starting off with headlines in california. Crews still investigating the cause of a deadly plane crash. A family of five, man, wife and three children. Authorities say three people dead, two survived. The family took off from riverside headed home to san jose after a cheerleading competition. It crashed into a residential area. Two homes were destroyed. Minor damage to other homes. Nobody on the ground hurt. Police investigating a deadly shooting. Gunshots rang out. Melanie is all over this one. Shes live for this one. Reporter what were hearing from neighbors theyre saying 30 to 40 heard. So frightened by the sound, they grabbed their family, and loved ones and just went to safety in the back of their homes, heres the ally right here and as the sun is coming up, you can see even more of t