1. 4 hang seng was up, and the kospi up in europe, things are relatively flat. Dax is down. And the cac is weaker. Crude oil prices on a tear this morning it is up again with wti trading. Can i say hello to everybody. We havent been all together awhile, kind of nice comfortable pair of loafers im wearing sneakers today. Theyre more comfortable than loafers. I dont feel like you have to do much to look better i can come in. Sneakers and no socks this is like sweatpants, when seinfeld wears sweatpants, youve given up. Let get you to the morning headlines. Heres whats going on in Corporate News peltz fighting for a board seat at prak tore and gamble. Theyll launch a proxy battle. Hear about it within moments my expectation is hear about it coming across the sec with a filing in a moment the move would make p and g the largest to face a proxy contest. Last week they rejected the request to name mr. Pelts a board member he is one of the biggest shareholders, second biggest roughly holding 3
Im going to be interested in the contrast between Monetary Policy and the skinny budget. The first budget from the Trump Administration, it will be fascinating to see. Alix and dynamic scoring. Here is where we are stacked up. 2. 5 hours before the open in the u. S. Equities softer, s p futures off. 10year yield on the margin, the basis point down. 1 ascatching a bid, up 1. The pound recovers. Europound was down for a while and is now reversing. Im taking a look at where volatility is nowhere, up by just. 5 . Goldman sachs says buy copper and oil, market not listening. A 60 losing streak, the longest since november. Kicking off this big week for Central Banks, our guests. To me, the big question is 2018. It shows the possible rate hikes the markets are expecting. For 2018, we are just over to michael. What is it going to take for the fed to move that line . Its going to take more clarity on the fiscal front. An interesting disconnect is it being pulled up on fiscal but not expecting th
November. Of course in washington, nothing is really all that simple. The reality is that boehner is facing a battle over the looming government shutdown. He is facing a battle for his own job. A group of about three dozen conservative republicans wanted him out of the office. So he says today he feels like this is the right thing to do. Speaker boehner it has become clear to me that the prolonged leadership turmoil would do irreparable harm to the institution. Brad so he says he is going to step aside. He is going to use the remaining five weeks to try to avert the government shutdown. We will come back at 6 00 and have more on this, including reaction from the president and a number of members of congress. Brad bell, abc7 news. Leon thank you, brad. The question of the day is asking what you think of speaker boehners announcement. Join in on the Facebook Page. Alison speaker boehners announcement came as the g. O. P. Leaders gathered in the house to keep about how to keep the governm
And nearly tripling the Funds Available under the program. This all part of an attempt to bring down financing costs. Pay attention to brazil at this hour. About 7 00 eastern time thats when the central bank there is expected to hike rates again as inflation surges. Well watch them when we get to 7 00. The adp report is due at 8 00 a. M. Eastern. Its supposed to show the economy added 215 private jobs last month and theres a lot of fed speak on the docket today. Well hear from the president of the chicago, kansas city dallas and new york fed branches branches. In washington theyll start to consider obamacare. Focus is on how to determine the law. It allows premiums to be subsidized in states that set up exchanges. If the court agrees the money wont be allowed to go to residents and states using a federally operated exchange and theres an interesting piece in the New York Times today that so much posturing but that the Obama Administration at this point is saying theres no way if theres
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