Federal reserve. Wrong i dont agree. I say to this new mood of expansion and optimism and confidence began with the election of donald trump. He said he would take the shackles off private enterprise and thats what businesses are responding to, and so is the marketment make no mistake, this is the trump rally. Top banker jamie dimon says trump unleashed animal spirits. We are going to open up, what, triple digits when the market opens in about 29 minutes time. Well be getting very, very close to dow 21,000. Its a big day. Action on owl front. And Varney Company is about to begin. Well, the jobs report looks like its going to dominate the mornings trading on wall street. Lets get straight to liz peek who joinus this morning. I say its a solid jobs report. You characterize it, please . Its more than solid because of the mix of jobs added. Strong growth in manufacturing. The only drag, really, is retailing, which is, by way, going to continue for some time as many stores are closing, but
To extend its surge. That is helping those Energy Players today. We are seeing copper higher by , and auminum up by. 4 good gain in steel as well. A switch out of gold, not function, the gmm but an indication we have investors not to worried about risk. We are the stocks watching, Lg Electronics having its biggest drop since february 27. Trading boy them is double the 30 day average. It is still falling, a day after samsung launched its new phone. Takeda pharmaceuticals up, its vaccine has triggered immune responses, and you can see dulu of the worst performers as we saw a downgrade saying the gain is unwarranted. Lets look at the off shore renminbi, some movement there. Weakenhave the pboc the fixed today, and they did open Market Operations saying there is enough liquidity. Rish. Right, lets get to first word News Headlines and find out what is going on. The ousted korean President Park geunhye is in court as judges here arguments for her arrest. Aosecutors are seeking warrant over c
Hell drive down costs. With ceo ben then burden shortly. The r. B. I. Governor will not be drawn. This after leaving rates on hold today. We are less than half an hour away from the European Equity market open. It looks like a fairly fairly stolid a fairly solid start to the day. This is what you want to look out here. This is the percentage risk price. The ftse is liking a little bit. European isor looking up a little bit. A solid start for european stocks. We have solid gains across the board in asia. I am showing you only the nikkei and the hang seng. Some of the smaller indexes, especially in china overnight were negative and have now turned positive. Games and equity in asia, games and currency as well. The centralollar as Bank Leaves Rates Unchanged but gets a little bit more dovish and it leaves its main benchmark rate unchanged. It gets a little bit more dovish because it is not seeing the inflation that it would like to see. The pound up 1. 5 because of thin liquidity and high
Reflect the charlotte riots. The fox poll shows that trump leads in three Battle Ground states, including allimportant ohio. A racially tense nation. 47 days until the election. Wait until you hear the news from yahoo . Varney company is about to begin. It has been that the investigation is still ongoing, that we do not have pieces of evidence. That we want to have everything in place to complete the picture and make sure that the investigation has the highest integrity. We also wishes to the scott family and theyll be seeing it today, i understand. Stuart repeat that, that was the mayor of charlotte with maria this morning, today the police will show the body camera to the family. And that may be released to the public later as well. The anger over this incident started with a disputed social media post, give it a timeline. Ashley thats what triggered this. That woman claimed to be the victims sister, keith scotts sister, live streamed video for some 30 minutes in the aftermath of the
Surprises. Thats how we started with jpmorgan. Premarket, futures, where are we . Points. Res now up 99 the big story in the last 20 minutes, a bit from jpmorgan, and upside surprise. That upside surprises what takes is higher come up by 2. 73 in the premarket. Couple of fx to a pairs for you. Some dollar strengthened the g 10 today. 13 . At wti, the output freeze meeting in the rumor mill and the rumor mill is in full swing. Crime organized profiteers have raided the offices of the Panama Papers law firm. The rainfall is the leak of millions of documents on tax havens set up for wealthy international clients. The attorney general searched other subsidiaries of the firm in panama and the firm has denied any wrongdoing. Some 3500 candidates mine for he 250 parliamentary seats assad said he and his wife cast their votes in the Assad Library in damascus. Vice president is drawing up plans to form a Transitional Government in brazil as dilma allegationsrpens that he is the leader of a coup