On the u. S. 10 year. The euro firmer against the dollar. Alix take a look at commodities. Oil below the 100 day moving average. That is significant. I wanted to point out it is not just oil that is weaker. It is the entire commodity complex. Iron ore, copper also down. Gold a little softer as well. It is important. Not just about oil or the oversupply, but weakness permeating. Jonathan lets get over to pray for now. President mario draghi predicted to leave Interest Rates unchanged through the end of 2017. Joining us for more ahead of the decision is jamie murray and matt miller. I wanted to start with a simple one. What are we expecting today . We are not expecting change in Monetary Policy for the ecb today, but we are expecting a change in the ecb inflation forecast. 1. 3 ank currently sees inflation for 2017. Running much hotter than that. It is at 2 . We expect the ecb to nudge that up this year. Comes off in 2018 and back in 2019. The question is, when is mario draghi beginning
Regulators proposing new cybersecurity rules for banks and the government sees one million more people signing up for obamacare next year, just under 14 million. Those are your headlines. Lets get to your money. Oil, the big story now, crude oil rallying 3 . The latest Inventory Data showing a sizable drawdown in inventory. The oil shorts perhaps throwing in the towel, stocks are pushing higher on the back of that, the dow is up about 70 points. And, by the way, for all of you market historians out there, today is the 29th anniversary of the october 1987 stock crash. And if you dont remember that, the dow fell 22 in one day. Though, michelle, it did end the year higher. How is vegas . Yeah. Vegas is interesting. Remember the trading floors used to be so full like that. Not anymore. Im Michelle Carusocabrera live in las vegas. This is the spin room behind me, the site of the third and final president ial debate between Hillary Clinton and donald trump. We are just about eight hours away
Proctor, utx, merck and more. Nikkei had a sixmonth high of a weaker yen. Oil inventories after the bell. Case schiller home prices up 5. 3. Out of road map begins with major blue chips reporting earnings from cat to gm, due paupt and visa. Under armour shares are down double digits, despite a betterthanexpected number. And the latest regulatory issues surrounding at ts merger with time warner. Netflixs Reed Hastings weighing in on the deal. First up, among the dow components out with results this morning, caterpillar beats on the bottom line, misses on revenue, cuts their fullyear guidance saying most of its end markets remaining challenged. And then proctors results are above consensus. Thursday on squawk on the street sara eisen will have an exclusive with p g Ceo David Taylor coming into the job. Says that this quarter marks what he called a good start for the fiscal year, jim. This is a remarkable morning because you see two Companies Like Procter Gamble and dupont putting up 3 or
Member wasonly one that dovish. Plus the committee now expects to raise rates at a slower pace to not only is the fed more dovish, but it has grown more dovish since the last meeting in april and remember from the minutes that most of voting members were ready to june as inflation continues to strengthen. Thef course we have disastrous jobs report and here is what the fed said. Andpace of improvement labor market has slowed. Inflation compensation declined. In other words, not enough to justify a rate hike the are notably, no mention in the policy statement of the grexit risk. The fed is on hold and giving no sign how soon it may move off of the quarterpoint p are we hope to in the press conference with janet yellen. That begins at 2 30. We have seen a major market move. Given me the data screens if you would. I want to show here at the moment on the screen. The market is up 84 and the vix plungers. That is a complacency that will support the fed. Michael mckee reversal. T goes right b
My words. Scarlet fu in london. We are thrilled to have scarlet fu. Reunited. To the music. A wonderful day to have the with us. So much to talk about about the United Kingdom. First word news, here is nejra cehic. Theresa may has promised to build a more just United Kingdom. That for brighton to feel their life has made insecure by globalization. Not by the interest of the privileged few, but by yours. We will do everything we can to give you more control over your lives. Ejra in one of her first actions, the architect of David Camerons austerity policy, she replaced him with Philip Hammond. She named her new break since our, david davis. Locked ter may mocked Boris Johnsons negotiating skills he has been named the foreign minister. He accused president obama of disliking the British Legacy because of his kenyan ancestry. The number of japanese living in japan phil are the most on record last year. At the same time, the number of foreigners rose. Unless japans birth rate increases, th