You were going down. 401 k s right now, i met last week in new york city with a very, very fine group of policemen. They were all so happy about their 401 k s. They feel like they are geniuses he said, im up 39 . I see all the guys carrying the booms are smiling. Are you up too yes, he is he has the one thats the highest and the closest. He is a good boomer but he has a big smile on his face, right thank you. Thats very nice they are usually with the press. They wont admit it but he does, because he is beyond the press i just want to say that people are up 30 , 40 , 50 depending on whats in there they are very, very happy. We think we are going to grow that a lot more. We think the economy has a long way to grow. It needs the tax cut and all that money is going to be spent on expanding businesses. We have so many Different Things in this bill that are going to create jobs. For me, this is a bill very simple it is a massive tax cut for the middle class and it is about jobs the jobs are
Sustain a strong labor market and stabilize inflation around our 2 longer run objective. Striking gold. Lonmin shares spike after sibanyestillwater makes an offer to buy the platinum minor miner at a 35 premium gemalto gets an offer that it says fails to support the company and address shareholder interests. Good morning ecb and bank of england, busy day today. First eurozone numbers, the december numbers, the flash estimate crossed at 58 this is higher than forecast, 57. 3 the november buy comparison was just a fraction lower at 5 7. 5 a beat on the numbers. When it comes to manufacturing numbers, the flash level crossed at 60. 6. We used to take about 50 being the crucial tipping point. Now were in expansion territory on the manufacturing numbers the Services Side not as strong as the manufacturing level, 56. 5 but also better than forecast. Better than the previous month some of this from germany you think . It appears as though the Growth Outlook in germany is picking up you can se
Chancellor Angela Merkels government will demand the u. K. Pay for the privilege of its banks having access to e. U. Markets after it leaves the bloc, according to officials from two key german departments. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Crumpton. This is bloomberg. Vonnie it is noon in new york, 5 00 p. M. In london, and 1 00 a. M. In hong kong. I am vonnie quinn. Shery i am shery ahn. Markets. Bloomberg from bloomberg World Headquarters in new york city, here are the top stories that we are following. The state of American Business will speak with u. S. Chamber of Congress President and ceo tom donahue. What he sees as the top challenge facing the Business Community. Another market bombshell, or potentially from china. They may pull back holdings of u. S. Debt. Ofld this be the beginning the end of the bull market for bonds . Ford in the hot seat. It has become the latest carmaker to be accused of diesel emis
They are not valued relative to the Interest Rates. Whats happened in the markets has been very sensible nobody thought wed have these kinds of Interest Rates for a long time. Additionally you have the tax act which is a huge factor in valuation. All right so kevin oleary, theres buffet today on the Network Stocks arent too expensive, echos what tepper told me last week, what weve heard, from you know, gary cohn out of the white house and others are they right i think the most interesting aspect what have buffet said was youre getting 14 to 15 given back to you from the government to an American Company shareholders now, he was being specific to Domestic Companies that have all of the revenues here, by find that intriguing. The other thing he didnt speak to, which he never really speaks a lot of is if youre getting 3 trillion back domestically, what percentage that have is going to buy back stocks in the next two years that has me fascinated. When people ask why is there no vol and why
November 1. We rose to the august 2015 high yesterday. The dax index lifted to its best start of the year since 2003. Strategists still predict the by, which is down today. 38 , will climb by another. 43 this year. This is another function, i am just showing off. Telecom italia considering cutting about 10,000 jobs in italy, 14 of the total workforce to make the former monopoly more profitable and efficient. Telecom italia needs to increase investment to speed up its network as revenue shrinks, because of the competition. Call 30 lossays does company lost jobs company lost jobs and percentage changes from stories announcing cuts. The bottom line shows how the stocks reacted to the announcement of the job cuts. Oss go is the function lets talk about credit default swaps. 5810, the cost to buy protection for Investment Grade bonds in north america, europe, and asia, falling to a decade low amid better optimism of better taxes and broadening economic recovery. The prospect of rating upgra