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Dovish fed, the spread continues to steepen. That is more on tax reform, 78 basis points is the difference. The pound just turning positive. A macronmerkelmay lovefest over the past few days. I do want to bring in breaking news over the last half hour from ge, a huge mess on earnings at . 29 a share versus estimates that . 50 a share, and it cut its fullyear forecast. The oil and gas environment remains challenging for its spinoff of the baker hughes ge business. What was the huge mess on earnings and revenue came in stronger miss on earnings one revenue came in stronger . Typically on an earnings day it moves just about 2. 8 . What doesions about it do to flannery, the ceo . David it is typical for a new ceo to clean things out, but this is really a big one. Jonathan it says a lot what was going on and maybe for John Flannery, he has the appropriate whipping boy to drive things forward. It gets a decent position because these are ....
The ibex on the flipside is weaker. Political unrest in spain. Ahead of the ecb meeting, here is where we are stacking up. 43 basis points. Gold at a low. Ecbd says david the will hold its policy meeting where mario draghi is expected to announce tapering decisions. Now, lets get an update on what is making headlines. Taylor shinzo abe gambled on early elections and won. That boosts his chances of winning another term. That could make him the longestserving leader. Investors responded. The increased role in the counterterrorism policy. The cia has increased operations in afghanistan. Joining to hunt and kill the taliban. Spanish authorities have rejected a call for negotiations. Day, i ams 24 hours a taylor riggs. Messy politics in spain will be the backdrop for the meeting. The theme is lower the amount and extend the bond buying program. From london, i want to get your take from the unrest we have seen from spain. Does it influence the ecb at all . At the moment, it will not be a key ....
Yesterday you saw the nikkei ended that 16 session winning streak this morning stocks are closed higher the nikkei was up by 32 points to 21,739. Hang seng down by a third. The shanghai was up by a third of a percentage point. The early trading in europe, things are in the green across the board. Gains for germany, france and london up by a third stocks in italy and spain also higher treasury yields, check this out, yields at 2. 43 . Crude oil prices which have been above 50 comfortably for quite some time are now up about 8 cents. 52. 26. Here are the big stories were watching new comments out this morning from the saudi crown prince. He says the aramco ipo will take place next year and valuation of the company could top 2 trillion the crown prince said saudi arabia is working with all Oil Producers to rebalance the global oil market. On the wall street agenda, weekly jobless claims out at 8 30 a. M. Eastern, followed by september ....
Wind down. The ten year is still stuck around 2. 24. Opec is trying to deliver some more cuts at the meeting on thursday. Our road map begins with a major shakeup in the auto business. Ford firing ceo mark fields amid investor ease about the stock performance. Plus, middle east deal maker in chief President Trump is in israel this morning. This after signing a record arms deal with saudi arabia. Boeing, black stone and ge among the big winners. And the path to 1 trillion. Rbc saying that apple has the potential to become a trillion Dollar Company within 18 months. First up though, changes at ford, the automaker announced that mark fields is out as ceo and that fields has chosen to retire. Hell be replaced by jim hackett, the chairman of Ford Smart Mobility division. Hackett has developed a reputation as a turn arou ....
Swamp. He is successfully dominating the news cycle in a positive way. Now, look at the deal making. 200 billion dollars worth signed already. Energy, armaments, infrastructure in america, boeing, ge Power Generation equipment and another quarter trillion dollars in arms deals expected in next ten years, enormous dollar numbers. The media, not happy. They want to concentrate on the president s political troubles back home. Investors encouraged by the deal making and the switch away from political turmoil. The dow is going to go up just a little when the trading day begins. Maybe 30, 35 points, but remember, please, despite it all were only a couple hundred points away from the dows alltime record high. Varney company, monday morning, about to begin. All right. This coming in from the Auto Industry. That man right there, mark fields, ceo of ford, he used to be ceo. Hes out. I ....