Live Breaking News & Updates on Simon Smith|Page 6
Stay updated with breaking news from Simon smith. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Right now, most of you are in the 20s, it is clear, a lot of pictures posted, thank for them, of the beautiful, full, snow moon. if you have not seen it, you shall if you are up with us at this moment, because it is shining and it is great. temperatures are mid to upper 20s for most of you. 30degrees downtown. 26 akron, canton, wooster, mansfield, 25degrees. there is a storm system that is tracking our way, that is to the south. we are going to see rain by tomorrow. and by tomorrow mornings commute. i will take you hour by hour coming up. right now, danny has a check on your drive. good morning to you, hope you are having a great start to your day. we take a look to the south, so we can start the commute, if you are leaving soon. and we are green and clean, no accidents. was tracking slow traffic, 480 west, near 94, nine Miles Per Hour, but it looks like it has cleared out. here is the picture in that area, so normal drive times, ....
Time, in the meantime, get ready. We go with a four out of ten today for the potential for thunderstorms later on. Right now, ultimate doppler, widely scattered showers throughout the area, dont forget the umbrella again today. As we said on twitter little earlier, yesterday was the appetizer, here comes the meal. It is happening later on in the day with rain heavy at times, high wind, heavy downpours, if you get a thunderstorm. Thats where we are at the moment. Winter weather advisory for carbon, monroe counties in the pocono mountains, still, cold enough that some sleet and freezing rain could be mixed in. But were well above freezing with 42 degrees, feels like 37, winds at 9 miles an hour. And sunrise is at 6 42 this morning, but another day with no sunshine. Thirtys to the north of us, but above freezing everywhere but the mountains, weaver 39 degrees in trenton, 41 in wilmington, 46 in dover. Fortyeight wide wood. We showed you the picture outside, issue this morning, millville, ....
The trading session. Julie hyman has the latest. He had this huge rally yesterday after the fed minutes. Starting tos are drift today. I want to start with commodities. Lets start with oil, because we are seeing Goldman Sachs make a call that the mild winter cause oilpact could to fall below cash cost of 20. Their forecast for brent remains at 50 a barrel. Citigroup says that commodities have not fully priced in the effect of the higher rate, a rate increase, which is contrary to the conventional wisdom with the plunge we have seen in commodities. Definitely some negative tone on commodities this morning. I found ather front, cool chart to look at on my bloomberg terminal. This looks at the average temperature at laguardia airport. What i have done is look at the last 10 years nec eight of the month this far have had above average temperatures. November, the average is 23 above the average of the past 10 years. When we talk anecdot ....
55. 3 is the reading. 56 is what analysts had been anticipating. This is a current number for the month of december. Its one of the first data points we get for last month. 55. 3 was the reading, a little lower than the 55. 9 recorded the prior month. There was a little bit of concern we would see a follow on from the manufacturing number they came in much weaker than estimated. It does not like the followthrough is that poor on a relative basis. We will be watching. And durable goods orders, the final reading for november in the past few moments. No change, unrevised from where it was. Transportation is coming in unchanged as well. The initial read had been in decline of 1 10 of 1 . A little better on a particular front. Factory orders down to tens of 1 . Thats in line with estimates and a reversal from an increase in factory orders the prior month. Factory orders and the durable goods numbers are for november. The ism number is for the month of december. Again, these numbers coming i ....
Resources. Roughly 500 stocks have fallen this month. Volatility has risen this month. Europes big fear gauge has risen by 26 in january. The most since august. Whenever surpassed the levels we saw in august when china devalued the yuan. It was about bonds. Bond yields falling to record lows. Look at the twoyear portion of the curve. Record lows in france, belgium, holland and germany. All negative. U. K. Twoyear debt has had its best year since 2009. Back in 2009 the bank of england was buying debt. The bank of england buying debt. I asked simon smith how soon it could be the for the bank of england buys that again. Lets check some hardwoods at him. Betty i like what you say about crafty what is your name for druggie . Draghi . Super mario. Mark we cant get away from that one. Super mario might be chuffed about the inflation. Yes its an improvement on the previous month. It was the biggest increase since october 2014. Lets bring it into the equation. He admits that last week inflation ....