Program. This is bloomberg daybreak europe, our flagship morning show. Im anna edwards. Manus im manus cranny. We have a pack show 40. We have the bank of cyprus ceo here with us. Post,the washington says a category five visiting the white house. A 94 probability of a rate hike. Dollar, up she goes, which is the Canadian Dollar against the yen. The bank of canada will indeed go ahead and raise rates. The risk on the other side is janet yellen and her testimony in front of congress. Anna the markets are divided between what is happening in the white house, the latest from trump junior, and the central banking story. This canada story does add to this, but how much of this is an idiosyncratic canada story . That, for how much is a global tightening . We will return to that. On the risk radar, manus, weve got the latest in the market movements in relation to the trump junior story. The s p did wobble, but the a sian session looks pretty mixed. We are waiting for the central banking storie
Chicken soup. President elect trump making his big administration nominations and announcing his picks for National Security adviser, attorney general nca director today. We have all the details. Meanwhile, stocks are giving back their early gains today, but its been quite a week for the bulls with stock inflow levels not seen in nearly two years. Well discuss whether the record trump rally has come too far too fast. Trump has promised to roll back regulations but would that eliminate rules . We begin with the president elects new leadership appointments. John harwood has the very latest. Kelly, weve got some action today on the transition front. Three hardline appointments by president elect donald trump. First of all, Jeff Sessions, the senator from alabama, to be the attorney general of the united states. Jeff sessions is someone who was his views on race were too controversial. He was blocked a judge in the 1980s. Hes a staunch foe of legal and tangled with Big Tech Companies over
Averages. All 10 major Industry Groups in the s p are higher today. We see gains in energy and that is leading the way. We have breaking news out of turkey. An explosion at the airport. Let me bring in our reporter from our istanbul euro. He joins us on the phone. Know this is an unfolding situation. Give this and of data where we are. Give us an up date of where we are. Guest there were two blasts at the airport causing multiple injuries. The Justice Ministry says at least 10 were killed in the attack. It is not quite clear whos responsible for the bombing and there are reports the incoming flights have been diverted from turkey. There have been a string of terrorist attacks across turkeys main cities this year. Turkey is dealing with the spillover from the civil war in isis and kurdish militants at home that have claimed responsibility for several recent, tax. The situation is still several recent attacks. The situation is still unfolding. Joe how big and busy is this airport . How b
And an announcement . And certainly it well. It will begin on monday, next week. There are still a few issues in and out but it does not seem hopeful that it may come. What are they . Tax and other regulatory issues . The taxes always been a major obstacle. A big hurdle for people to want to invest. While hong kong does not charge a capital gain tax, the mainland it does. They have not collected it and mainland investors are happy. Foreign investors need clarifying. Do we know what the hold up was . The timing is a bit precipitous, isnt it . It is. Numerous things have been mentioned from people we talked to were mainland the mainland the timeline seeing where cheap inc. Announced in april. Xi jinping announced in april. And there treasury secretary said today there should be an announcement shortly on that and some resolution has been resolved. That may have been the biggest Thing Holding it up and theres been talk about occupy central. En . What about shenz the interesting thing abou
Years. Companies are showering cash on shareholders. S p 500 companies bought back more than 128 billion of their own shares in the third quarter. Thats the highest level since the Fourth Quarter back in 2007. If you combine buybackes and dividends, you get a total of 207 billion. Thats just in the third quarter. Take a look at the futures right now and see how markets are setting themselves up for the morning. We have some green arrows again. The dow looking like it would open up about 30 points higher, nasdaq looking like it would open higher. We have more on the markets in just a few minutes. But before we do that, Michelle Caruso cabrera has some of the morning headlines. I love the shirt, andrew. Thank you. Its terrific. I will take that. In corporate news, disney is reducing bob igers pay. Disneys strong results didnt outperform igers target by the same extraordinary amount in 2012. In other company news, the company has named jack dorsey a cofounder. Shares of disney are up this