Our international correspondent, hopefully i have the title right and marty schenker. What is your title, i do not have it . Marty it is too long. The smartest guy. Julie are you surprised we are not seeing much of a Market Reaction . Marty i am not surprised because rates are so low and the markets had priced out a december rate hike at the moment. There is not a lot of plays for them to go. Stanley fischer is the vice chair, not of chair, he is very influential but also seen as a yellen and janet the fact she is there does not change the outlook for shortterm policy. It might change longterm about who gets appointed but between now and the end of january when she would believe in her position probably does not have a major impact. That stansay this fischer has vast relationships around the world with other Central Banks and he was, i am sure, the goto guy when central bankers from around the world needed feedback about the u. S. That is a communication mechanism and will be gone whic
Down by 10 an ounce, but above, 13 1300 an ounce. David here now is your morning brief. Sachs willgoldman lay out its plans to turn around performance in core bond trading. Apple will be launching a new iphone. Willuropean president deliver a state of the union address. We will get u. S. Economic data on retail sales and inflation. Lets get an update on headlines. We have emma chandra back. Weakenedricane irma overnight after battering south florida. The storm had been downgraded to a category 1 with top winds of 85 miles per hour. It is northeast of naples and is expected to weaken further to a Tropical Storm today. The damage is unknown. Turned into rivers in miami and almost 5 Million People without power. Severe damage in flooding in the florida keys. Research has slashed estimates of total damages from 200 billion to less than a fourth of that. The u. S. Has water down proposed sanctions on north korea. According to a european diplomat. The United Nations Security Council may vote