What happened next no one expected that led to an internet meltdown. Break it all down for you. Fox and friends begins right now. Good morning. Happy friday to everyone out there. Im stuffed after yesterday. I dont know about you guys. I woke up hungry. I overate. When you eat too much, thats true. You wake up and hungrier. I ate like half a potato. Im stuffed. I wept to my sister, shes the only family i have in new york city. Shes wearing her apron. She made truffle mashed potatoes. Thats the only thing better than mashed potatoes. The whole apartment smells like truffles. Unbleefl believable. Thes her son harrison wearing hes nominated for the best thanksgiving outfit youve ever seen. He was wowing everyone. He was like a boss. What did you do, ed . This is my family. Uncing on the right, frank on the left. Im in the back. My parents, my wife. Sister colleen and theres my parents and my sister colleen on the left. We went to a restaurant, mortons in manhattan. I was doing double duty
Takeover. You will get a good idea of on the session. The latest on the debate and a third time unlucky as msci snubs hina shares. Clinton leaving trump in the latest bloomberg poll. Lets begin with the fed. Theres zero perfect unlike liehood of a fed increase today. Lets go to carl. He is chief bloomberg economist. What are we expecting this afternoon . If we can mix british politics and fed policy together, we can invoke the quotation from margaret thatcher, the lady is not returning. It will apply to Janet Yellens approach in the press Conference Today as well. Shes going to play a cool hand. She wont specifically cite him but it could come up in the press conference, particularly during the q a. The fed is very much aware of international risks and how this is playing into their policy strategy. However, i would say more important is the much more important is the domestic outlook. So she will not be returning because shes going to be somewhat dismissive of the wobble in the labor
The earning news, but i thought the italian bank workout was really interesting over the weekend. Quiet, as always, but that will be front and center. It reminds me of how complex the calculation of dilution is. That is what it is about equity shareholders getting crushed. At howe also looking reliable the stress tests are. Lets get to the Bloomberg Business flash. Taylor one Police Officer was killed in a Suicide Attack in baghdad. Authorities say they killed two attackers in a gunbattle. Committing to the triple lot guarantee. Lock the former minister responsible for pensions called it to be scrapped. The backlash is growing over Donald Trumps comments over the parents of a dead Muslim American soldier. Trump questioned whether the soldiers mother was not allowed to speak at the Democratic Convention because she was muslim. The woman said she was too distraught. A number of republicans joined Hillary Clinton in condemning Donald Trumps comments. Hillary will appear with another billi
Around the highs of the session. We havent seen a lot of volatility. All major averages now up more than 2 . Trading at their highest in seven weeks. Appears tot for this have been the manufacturing data coming in better than estimated. Continuation of this rally that has been going on since february 11 when we saw the bottom of the year put in for the s p 500 and the other major averages. Look at the s p 500 over the course of the day and that your directory, it is a slow and steady upward trend as we head towards the closing bell. Something is also home something notable today is an uptick in value. Normally the rally we have seen as a low rally. Today, it is the s p 500 against the one 100day. Are seeing a, we surge in volume in utilities and energy stocks. Those are the two groups we are seeing the most active trading. Individually, the biggest contributors are big cap tech and big cap banks. These are the most heavily weighted stocks that are up the most in the s p, that contribut
It has been a roller coaster ride for the week among but it has slowed down today. We have been correction free for since thee years summer of 2011. Perhaps we are making up for lost time. In terms of where we are right now, the dow is making its smallest move in four days. We are measuring in terms of small moves. Pressure,r some little changed at this hour. Did surpass its high for the year. In terms of where we are for the week, it is the fourth straight weekly loss for the s p 500. The dow had seen consecutive days of triple digit point moves which we have not seen since 2011. Earlier about the catalyst behind the sudden weakness this week. That theeve fundamental reason for weaker prices in the last few months has been essentially the rate of recognition by the Investment Community that Global Growth is not accelerating, but slowing down. We also spoke with the head of equity strategy. Looking ahead, a lot of people are saying look at the credit Market Indicator as a good idea of