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Welcome, this is the pulse, live from london. Nameds yuan has been as the latest reserve currency to the imf basket. Economicsa correspondent is standing by in hong kong enda, what does it really mean . Importants a very shift forward this is something that has been a key priority for the reformers within china, who want to go and open up and modernize, especially the central bank governor. This has been a key target for them. They were turned down five years ago and now they have got it. They can say, we have followed this path and it will get china theme world stage and get among the powers ...

We begin with the markets. Take a look at stocks today. Slightly hire. Dow good for 80. The final read on q3 gdp coming up at 2 . Oil also on the rise as we count down the final trading days before the Christmas Holiday and as we look ahead to a 2016 could have in store for investors. Great to have all you guys here. Joe, whats your big thought for the day as we watch the market head towards the end of the year . It seems as though Money Managers are trying to pick up a little extra beta at the end of the year by buying some of the mother laggards that have not performed well, and trying to ge...

Took place 15 years before and during the depression so that a 1938 a writer named louis corey wrote a book called the crisis of the middle class, 1938, it became a bestseller for about three weeks, but it was on the list and the thing that is interesting about it is that corey had a definition which i think still works im going to say, the middle class are people either have an independent professional or property basis to the economy, that is one definition of middleclass, theres also a second definition which is less understood which is a cultural middleclass, we have a cultural middleclass...

Oil this morning. Gain of 1 and a third percent. Prices decline nearly 9 just in the last three trading sessions. In case you missed it last night, the worlds top supermodels hit the cat walk. Wearing the most expensive bra encrusted. Dow chemical and dupont advance talks to merge, a merger can be announced in the next couple of days. Together a cap of some 120 billion. A deal would result in a threeway split. First they merge and then they split it off. Keith mccullough, record and tough deal for the industrial company. You have said in many times its in recession. More than 4 trillion in tak...

156 points today. Nasdaq climbing. 87 and held back by apple there. Despite the fact that were headed into the most monumental fed d eting in nine years. When going to start the course of rate hikes that could be either gradual or superior. Conclude that they know something thats been lurking out there. And it means complacent and theres trouble brewing and if we get a rate hike when i imagine we could see continuation in todays rally. Speaking of todays rally what made us s el like the world wasnt ending . What concerns were eased in the last 24 hours . Lets take some down. First the junk bon...