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Yes. Turning to the olympics where swimmer Katie Ledecky is making a difference for the u. S. Relay team. The americans were running second in the 4x200 relay. Ledecky dove in and anchored the team to beat australia by two seconds. The men considered to be the greatest male gymnast picked up another medal. Japans gymnast held someone off with a british gymnast not far behind. Hes won the last six world championships. Thanks to him, japan is third in both gold medals and the overall medal count. China is second in both. The u. S. Remains a leader with 11 golds, 11 silvers, 10 bronzes. A total of 32. Not bad at all. Competi competition. Phelps and lochte go head to head. Katie ledecky will qualify for the 800meter freestyle. And golf returns to the olympics for the First Time Since 1904. Weve been waiting a long time to see golf back at the olympics. Well have full coverage of that tomorrow morning here. Its amassing the that got you, really . Yeah. Really . Dont mind me. Its amazing the
Said to plan an offer for yahoos with business, including its japanese arm, sending shares in tokyo surging. You are welcome to countdown this friday morning. Im manus cranny in london. The cynic in me says the markets are preparing for something much more insidious to come. Lets focus on the yen. Has the yen run it smile . This is where we are seeing dollaryen on a time frame, high noon for the yen in the United States. View at theo be the moment. This was new york yesterday at 11 00. 4 00 in london. Midnight on the orient express. We see the market begin to turn around. The voices of intervention are rising. The high for yen was the strongest since before qe. Weve had a fiveday rally. Up2. 8 against the pound and 2. 6 against the dollar. The biggest moving yen was against the pound. Bank of america says get ready for appreciation. Nomura says the level at which you see appreciation is 105. A friend of the program was spoken. He says they wont intervene on dollaryen until you trigger
Let us talk about the currency market very briefly. As an introduction to set the scene this morning, the euroyen set for the worst ever losing streak against the euro since 19 59. This particular pair getting a bit of a chill ahead of the ecb mating that is looming. Story than broader that. It is the euro weakening generally, against most of those 60 major pairs apart from the danish krone. As you can see, that was back in march and april time. An interesting one to watch. We will have more on that and does the moment. Let us get to the bloomberg. Nejra france and russia have agreed to coordinate strikes in syria to increase the focus on jihadist militants. That is after president Francois Hollande and president Vladimir Putin met. Differences over assad. Commerce sales surged yesterday, raising questions about how many will show up for brick and mortar promotions for lack friday. According to adobe, sales are expected to total 1. 7 billion. President ping announced a Major Overhaul t
This plunge kicks off the friday morning. Julie we have some breaking economic news. The university of michigan january numbers come in ahead of estimates. Up 92. 9. We see an increase from december. So, just one data point. Earlier, we got retail sales coming in line with estimates for the client. The most eyepopping data point is Empire Manufacturing in the new york area in january down 19. 37 . A 19. 37. The negative sentiment has recurrent returned. We are back down once again. As you look at the brett of the decline, it is broad. All industry groups, all subgroups are trading lower. Energy is leading the plunge. Along with technology, the nasdaq is showing the upside when we are moving up. A big cap on technology after a strong 2015. Financials were also lower despite estimated numbers from citigroup and wells fargo. Financials are also lower. Energy is doing the worst. Oil prices are selling off. Belowe crude oil trading 30 per barrel. Since late lowest 2003. I want to check on t