Still there, 46. 21 for wti. Lower by. 37. The biggest market story is the dollar. Dropping to lowest level since brexit yesterday. Has since recovered on hawkish fed speak. The last 24 hours, atlanta fed president said two hikes were a possibility this year. Euro cost you a 1. 12. New york fed president suggested the central bank could raise rates as soon as next month. Two key events to watch today, st. Louis fed president James Bullard will speak and then well get minutes from the last momc meeting. And it is. The euro will cost you 1. 12. Pound 1. 30. The yen is at 100 yen dollar level. It had fallen below that yesterday. Violating what ive asked them to do. So now were back to maybe a couple of hikes when i think the probability had the hikes moved out to 2017. Well see. They love to pretend they might do something to get the benefit of whatever. Theres a lot of rumors about whats going to happen at jackson hole. About whether theyre going to say negative Interest Rates arent work
You can also join us on twitter at cspan. Or if you go to facebook. Com cspan. We will get your thoughts here just a minute. First, but sure you obama yesterday talking about what qualifications he is looking for in his next Supreme Court nominee. President obama we will do the same thing we did to respect to justice kagans nomination. We will find somebody who is an outstanding legal mind. Somebody who cares deeply about our democracy and rule of law. There will not be any particular issue that determines whether or not i will nominate somebody. Ill present somebody who indisputably is qualified for the seat. Person, fairminded even somebody who disagrees with my politics would say they would serve with honor and integrity on the court. Host that is the heaven on the front page of the Washington Post. Obama pledges qualified nominee. He said any fairminded person could appreciate his pick. By the way, at the Supreme Court now, the Supreme Court has marked justice antonin scalias drape
Is it the nondecision. Is that how it should look at it . Tom that is what i am hearing from my colleague. Mike will be in washington at 2 00 p. M. Everybody looking for to december 16. Some of the challenges. You see it in the red headline. The norwegian sovereign wealth fund. The 4 return showing the challenges of working across assets. Jonathan it is remarkably difficult for the norwegian sovereign wealth fund. We will be talking about the carpet number of the bit later. For now, lets get the bloomberg volkswagen is feeling the pain. Vw posted a 3. 9 billion loss in their thirdquarter. Its first loss in 15 years. German automaker has had has said expectations will be lower than they were a year ago. It is cost vw 7. 4 billion which is more than the Company Originally set aside. Barclays has gone to the u. S. For its next ceo. Jes staley will take over. At one time, he was considered a likely successor. Three much ago, barclays fired its chief executive. Chairman wanted to cut cost a
The moment, cac 40 down, ftse off by just under 2 10 of 1 , still waiting for the dax to open. We are not seeing that optimism we were seeing in the markets yesterday at the moment. I want to show you the main stocks we are watching, starting with siemens. Fourthquarter profit was a beat, and what we heard is that the company will raise the dividend, also announcing its second Share Buyback since the ceo took the helm two years ago, as he expects no broken 2016 Profit Margins. Rollsroyce we arent seeing in move yet, but profit this year will be at the lower end of the range than forecast because of additional headwinds in the aerospace and marine market. Sharply weaker demand is forecast. Finally, burberry this was a profit the firsthalf after the company had been cutting cost, because the challenge it has been facing mainly in china. That led it to have this profit warning last month, shares dropping the most in three years. We see them up a bit today on that beat and the news about t
Were up triple digits on the Dow Jones Industrial average, about half a percent gain. Look at the nasdaq, un1. 3 , the s p up almost a full percent, the russell 200 is up 1. 5 . In terms of the gold market, interestingly enough the money has been coming out of gold into bonds. Theres the yield at 2. 49 . We welcome to you power lunch. And im Tyler Matheson it is although busy day. There you hear and see the images and hear the sounds of gunfire. Despied the grown invasion, hamas has fired 80 rockets into israel just today. Captured an additional 13. In his first comments, israels permit said the operation may need to be expanded. U. S. Investigators are on the way to ukraine to investigate the downing of Malaysian Airlines flights 17. There you see image. It is unclear yet who fired the missiles, but u. S. Sources it almost almost certainly came from almost a third of those kid were aids researchers. President obama spoke about 30 minutes ago. I spoke to president putin yesterday in th