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Begin with the oracle of omaha well start with the trimming of apple shares hes got more than 900 million we totally get it. Its not like buffetts bailing on apple in any way. It did sell about 36 million shares what is this, do you think is it simply Portfolio Management i think thats exactly right, scott. Its Portfolio Management. Apple being one of the most liquid stocks in the world on any market he could have sold a lot more than that if he had wanted to. So this is just, look, the stocks had a great run, hes pairing back a little bit, got a lot of cash. What i found kind of surprising is that with that much cash, actually not surprising but confirming on the value of the market is that he really hasnt made any big acquisitions. Hes only said hell only buy his stock if he cant find anything else to buy they scooped up 9 billion of their stock in the last quar ....
Abramowicz i am jonathan ferro. Lisa abramowicz actually going to 731 lexington avenue and just making it in time. Good thing Brian Moynihan does not join for another 60 minutes. Lisa really, that is how we are going to start . I was prepared to be here early. Jonathan you want to trade . This will fill out for the next two or three hours. Brian moynihan will join us in 60 minutes. We want to start with the price action. We begin with dollar yen. Something truly historic just happened, something since not since 2007. The japanese yen is weaker even though weve just seen the first Interest Rate hike in 17 years. Lisa on one hand people were expecting this. Some of the rhetoric out of the central bank was not hawkish. They were indicating they were not prepared to hike again. That is why this currency pair is dead in the water. I do not understand this. This is what everyone was ....
Commodities were on their way up. Ime for the morning brief citibank will be releasing its earnings. Will get Empire Manufacturing numbers for january and this afternoon President Trumps dr. Is going to brief reporters on the president s First Physical exam. Its all coming up today. Time for your daybreak first take. Global equities are rallying. We are waiting for those citi earnings. And the race to get a deal done in washington. Alix thanks for being here. The one im looking at is the equity rally. Rsi index versus the major indices. The s p is the yellow. The purple is european stocks and the white is the global world all in major over but territory. Is this going to be a Global Growth story . Are you going to say the word synchronized . I think synchroniz ....
Has banking reform gone far enough . In bratislava without britain. E. U. Leaders gather to discuss the future mine us the u. K. How united is it . Lets try and answer that question. In bratislava e. U. Leaders are gathering, the first meeting in more than four decades without the u. K. What are we going to get today, caroline . A desperation guy to show some unity as we see the e. U. Being ripped from its very core. We have the likes of Angela Merkel saying this is a question of war and peace. This is a fight for the e. U. s very existence. Can they come together and decide whether the response the brexit is more e. U. Integration or less, guy. Guy that is the big question. Were less than a halfhour away from the market open. Lem show you whats happening. Lets start off, you click the futures box here, you get the mixed price. At the moment America America is softer this mor ....