Mr. President , it was a great honor being with you, and i look forward to being with you many, many more times in the future. David what an extraordinary moment. President obama and president elect donald trump meeting at the white house to discuss the transfer of power. The first of several momentous meetings today. Were going to take a look how the ultimate outsider adjusts to working on the inside. Melissa back to the recordsetting dow closing up more than 200 points, smashing the record set back in august on august 15th. There you go, oil and gold moving opposite direction. Phil flynn, price futures group, Fox News Contributor, watching the action in gold and oil from the cme. Lori rothman on floor of the new york stock exchange. Lori, you got a look at the days biggest movers down there. Talk to me. Reporter liz, financials. Financials were among biggest gainers with jpmorgan, Goldman Sachs leading the way. Jpmorgan at record high but faded back a little bit off the level. Show y
Against gawker. But first, new alliances forged between traditional automakers and the ride hailing challengers. The news comes as a car industry braces for change, especially when it comes to the future of car ownership. By investing in the main players, the biggest car brands are hoping to secure a place in the future. This week toyota tied up with uber and vw took a stake in gett. Here we take a look across the space to see who is leading the pack. Carmakers are choosing sides in the ride hailing wars, this week alone volkswagen invested 300 million in gett and toyota committed an undisclosed amount to uber with plans to get into the car leasing game. In january, General Motors took a 500 million stake in lyft and lets not forget apples billion dollar bet on didi. With traditional Card Companies Car Companies looking for a piece of the pie, which are leading the pack . Fueled by mega funding, uber may get all of the headlines, but lyft is taking on a much bigger rival and through In
Consumer sales in japan showing slight improvement. Shinzo abe considering postponing the sales tax rise. 0 growth, this is a beat. This is a beat when you are flat numbers on month. Ago, we saw an optimistic message on abenomics. G7, he was grim when it came to the Global Economy, and these retail sales not looking good. We are still in negative territory for on year figures. Flat, month figures economist expecting a 6 10 of 1 drop. Now slightly back on the downside. More evidence about possibly another stimulus, a postponement in the sales tax hike. Haidi is that the only option remaining . Whats going to happen . More people joining in this conversation, and aide saying japan needs to hold off to sustain its recovery. We have no other options, he said. This is after we heard that warning coming out of the Prime Minister. This is signaling that he is going to be possibly pose putting this tax hike. I hate decline in revenue that would threaten the goal of abenomics. Since then, we ha
Bloomberg. Com. Lets check markets in asia pacific. In new zealand, down a quarter of a percent, the new zealand. Ollar at . 70 the strength of the kiwi weighing on equities and exports. Over to japan, futures trading in chicago, and it is pointing to a much lower open from fridays close, the japanese yen continuing to rise. No trading inket, australia, a Public Holiday for the queens birthday. Morning,tory this president obama says a massacre at a gay nightclub in florida is an attack on all americans. It is being investigated as an act of terrorism. By a lone 53 wounded gunman in the worst mass shooting in u. S. History. We have yvonne man with the latest on this. Asnne the attack happened 300 people were dancing and drinking. People described chaos and horror with dozens dead and injured as survivors rush to escape. Ae assault was followed by threehour standoff with people trapped inside becoming hostages. Teams form thelt ves tosetting off explosio distract the gun man. We are deal
Singapore, malaise yarks taiwan and the philippines looking quite good. Korea holding on to gains from yesterday. Weakness coming through on the nikkei 225. We had the First Quarter g. D. P. Numbers coming through in line with what the market was looking for. We have seen japanese stocks if you cant. That is due to the fabblingt that we are fact that we are still seeing some weakness. Down. 5 . Still an hour to go in the morning session. Weakness in australia. Down. 2 . Just want to do a quick check on the aussie dollar as we await these dollars coming through out of china. Leaving rates on hold yesterday and the yen continuing to strength playing into the equity market. Through 107, 106. 76, rish. Rishaad we have a survey, Bloomberg Survey expecting more signs of stability but perhaps indications of weakness. Still waiting for the numbers to cross. A little bit delayed today. But youre wait. Were going to see maybe a return to a little bit more weakness. Is that the right way to put i