Japan. In addition to economic pledges, they agreed to push forward free island access. Japan maintains the islands are an inherent part of his territory. Moscow says the islands became part of russian territory result of the war. The issue is one of the main reasons a formal peace deal was never signed between the two countries. Translator we had frank and in depth discussions on the former japanese residents free visits to the islands, possible joint Economic Activities there, under a special system and issues related to a potential peace treaty. During their meeting, abe handed letters from former residents of the island. The residents were forced to flee from that communities after the war. Translator i understand that its difficult to clear up all difficulties once and for all. Were only able to give feedback on the talks at the moment, but it is a slight relief to hear that president putin got the letters we wrote and actually read them. Abe is expected to reaffirm government and
Appeal the decision. San francisco fed president John Williams tells cnbc exclusively that fiscal stimulus will only have a modest effect on growth, but says the fomcs aim to tighten policy is appropriate. The tendency of the views of my colleagues of one to three rate hikes are a reasonable view given that employment is 1. 6 , the economy is growing to 2 and inflation is growing back to 2 . Thats a reasonable assumption. Good morning. Tgif. We have a lot going on today. We have a preview to the jobs report. A big reversal in the yuan against the dollar, but its all covered for you. Lets kick things off with a look at European Equity markets. We are modestly trading to the down side to the tune of 0. 2 on the stoxx 600. It is jobs day in the u. S. The first jobs report of the year and were expecting a print of about 178,000 jobs. Lets look at the indices one by one. The ftse 100 eking out a modest gain of one or two points. The ftse is heading for the fifth week of gains. The xetra dax
Good morning. Welcome to Worldwide Exchange. Happy friday. Happy jobs day. Im sara eisen. Cheers to the weekend. Is that what this songs said . Its not the hands up for the weekend, but the same theme. Its friday. Thank the good lord. And youre wilfred frost. And a very good morning to you. I was going to come to that. Okay. I am wilfred frost, by the way. Good morning to you all. Lets get to the markets, check in with whats happening this morning. Yesterday a bit of a roller coaster session. We ended up with the nasdaq up 0. 2 . Continuing its relative outperformance from other indices so far this year. The s p 500 was bang on flat. The dow was down abot one point. We expect another slight negative open today. The dow down 22 points. Nasdaq down 2. S p down 1. In terms of stock and sector performance, it was the outperformers of the last two, three months that did suffer yesterday. Some profit taking. We saw a big pull back in yields. Hit a low of 2. 34 . So, significantly now down, r
Thats the strongest of the expansion. Well get to all the numbers of the premarket relatively steady. Europe is mixed. Yields actually if you just heard ticked up on that wage data. Factory orders, rig count and fed speak today still on the way. Roadmap begins with 156,000 jobs added in december, below what the street was expecting. The last jobs number under president obama. First it was ford then it was gm. This time the president elect goes after toyota sending alarm bells across the nation of japan. One retailer reversing the trend, gap shares are surging after a better than expected december helped by old navy. Well get into that. Aside from the december payroll figures, the Unemployment Rate coming in at 4. 7, as expected. And we mentioned earlier average Hourly Earnings up 2. 9 from a year ago, thats the biggest increase since 2009. Participation relatively flat, jim, i know you looked at with the revisions over the past two months people are calling it a bit of a push. I think
Someday this march you will wake up and not have Health Insurance plan. That is not happening. That is not true. What we are doing is being methodical, deliberative and doing this the right way. Ashley how will it play out . That is the question. Lets go to blake berman. So many questions surrounding obamacare, phase in, phaseout, the timeline of all that. As far as the phaseouts go that is the repeal, when will parts of it end. The phasein, and the republican plan coming in, House Speaker paul ryan would not commit to any such timeline whatsoever. He did say the legislation that would allow for all that to happen would be a 2017 item. The question is how long will it take markets to put in place and adjust. That question we dont know the answer to but legislating obamacare in position. President elect trump was tweeting about obamacare earlier but shifted his attention a while ago. Look at thismister trump tweeting the following, quote, Toyota Motors said it would build a new plant to