what, -- jonathan: we got richard jones here.ue curve up for us as well. .- i got the bund curve up i'm not pricing and inflation, that successive qe is going to be when bund sells off. richard jones, what does that chart look like? i don't think is going to look out -- i don't think it is going to look a lot different. they are struggling to get any traction on the upside of inflation. they are going to act aggressively. there is a lot of work to do. jonathan: janet yellen a little bit later, what is coming up in the program? manus: we're going to talk -- we're going to talk about where we are with an inflation expert. polluting the entire newsroom with the swiss yield curve. david lee joins us. there is a vote going on in the house of commons today. it is on britain's position in regards to syria. that will be important. how many defections there are. jonathan: thank you very much. a busy day ahead. at least i'm not the only one getting excited i a swiss curve. stocks in the green. from me and the bloomberg team, best of luck f

manus cranny and richard jones, thank you very much.ranny coming up with the pulse very shortly. markets, gyrations. the dollar retreating for the first time in five days. if you want to talk market, you know where i am. i am on twitter. equities in london, they are a bit higher. the bank of england stress tests plenty to discuss. and the bluebird team, best of luck for the rest of your day. -- bloomberg team, best of luck for the rest of your day. ♪ manus: another chinese low, dropping to the weakest in three years. the old engines of growth spotter in the mining sector suffers. pass the u.k. banks 2015 test, but the bank of england may begin forcing lenders to set aside more capital next year. erdogan after he sends warplanes to syria.

with us now, richard jones. ay, fed has hiked, theet is gyrating, like most exciting thing happening is the premier of "star wars." am i right or wrong? richard: i think you've nailed it. we will see windowdressing, portfolio closing, risk trim, and i think the real reaction to what the fed did this week will probably start to play itself out early in january of next year. year,an: january of next the ecb meets again. how does this develop over the next 12 months? everyone talks about divergent monetary policy. in 2016, does it look any different to that? is it continuing to the divergent light? hate the term, but i think the currency wars continue. i think in the near term, the ecb will be pretty happy with the dollar exchange rate. andid before, between 1.05 1.10 is the sweet spot for them right now. they won't want to see it appreciate back to 1.15 or higher. i don't see the ecb getting too excited, but if the exchange rate starts to push higher, i think they will push back on that. if you look at market prici

inflation bloomberg's first world with richard jones. 51 minutes into the session.ints. good morning. ♪ >> i believe that it is, in a world where it is inevitable, much better to make easily reversed errors then to make it difficult to reverse errors. i believe that the decision to delay rates runs risks that are easily reversed. by subsequently raising rates, whereas the rates, if itaise proves to have been the wrong decision, is a much more difficult decision to correct. francine: the u.s. treasury secretary speaking with tom keene. -- guy: with us now is richard jones from first word. a whole bunch of stuff today. we have cpi data coming out a little bit later, an awful lot to think about the central banking point of view. let's start off with what's going on with cpi right now. we look at to the fed. u.k. petrol prices are part of parcel the story. theought this up, and reason why we haven't seen cpi picking up is because that drop there is bigger than that drop their, despite the fact that petrol prices are still falling. >> the basic facts obesity to kick in.

joining us is richard jones. great to have you with us.k about the trading day ahead in just a moment. you saw the pimco disaster masters. appointingley alistair darling. that these guys are hiring these people at this point? richard: there's nothing really .now -- really new the revolving door between wall street and the public sector has been going on for a very long time. jonathan: these guys know a lot about financial crisis bottom .ine, whether it is bernanke whether it is gordon brown. thater it is tree shaped did not guide the ecb through one. did it speak to an impending crisis that these people are worried about? they need these guys on board? richard: the next 12 to 18 months whatever has in store for argue there is not a lot of experience in all of those people. that experience will be of some value. jonathan: i would know -- i would love to know what his advices on gold and rates. coming up, let's bring of the boards. 9:30, and record from the bank of england financial policy committee meeting. i will talk about that in just a

richard jones, great to have you with us. we'll have analysis of today. the fed decides. from six clock p.m. to 90 5 p.m.. best of luck -- from six clock p.m. to 9:00 p.m. best of luck for your morning. ♪ the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. mark: all eyes on washington in what is expected to be the fomc 's first rate hike since 2006. crude oil declines. eurozoneean pmi, figures break. welcome to "the pulse" live here in london. i'm mark barton. getting some eurozone economic

richard jones joins us this morning.tinuing to talk about the oil price and of course, the spanish story. it is interesting. i was looking at the spanish 10 year yield and the italy 10 year yield. basis points now. a pretty big reaction in the market so far. that has been exacerbated by the lack of liquidity. i think that will continue until the end of the year. the knee jerk reaction has been to move that spread. anna: some of the scarier things in markets can happen when liquidity is poor. that is not necessarily mean things don't develop. 20 basis points between the spanish and the italians. does that suggest people are trading from one into the other? saying there is too much political risk in spain? is that the thinking investors might be going through? richard: i think there could be some spread trading, but i think there is a lot of outright justng forrom spain, aced on the political uncertainty. it does not look like this look at results in a quick and clean fashion. uncertainty is the investors biggest enemy and

richard jones from bloomberg. those listening on bloomberg radio, "the first word" is next. for our viewers, "surveillance" is next live from london with tom keene. it is probably not going to change the way mario draghi looks at it, but it may temper some expectations of what he will do. pound-dollar, 1.50. tom keene has been obsessed with one part of the market. he has been walking around going "swiss, swiss." francine: this makes the difference on whether he takes me to lunch or not. look at that, london. it is not raining. [laughter] ♪ ♪ . the ecb dilemma as mario look at theres to euro area inflation. inflation is unchanged. twice.from janet yellen the u.s. jobs report on friday. nbn, we get the iaea report on iran today. good morning. this is

jonathan: richard jones, great to have you with us this hour.we approach the final segment, we wrap up the day. we look at what to expect. i also hear mario draghi will be speaking a little bit later in new york. that is next. ♪ jonathan: good morning. welcome back to "on the move." yesterday, we had a fascinating trading session. the opec opening session begins shortly. the u.s. payrolls, the last report of 2015, comes up at 1:30 u.k. time. draghi speaks in new york at 4:45 u.k. time. first up, opec. the meeting gets underway in vienna. ministers wrangle for an all output cut. with get the opec dealt over in vienna. to listen to the saudi's. give us the day guide, if you can. ryan: let me set the same. int meeting will take part six minutes. we are right outside the meeting. if you see a minister outside right now, he is late. the press is still standing. they are so anxious to talk to the ministers. the ministers are anxious to say absolutely nothing. it is a huge amount of disagreement from the opec ministers. we have heard from the venezuela

richard jones joins us. is still with us. richard, good to see you again.e answer to this because we spoke at 6:45 this morning, but what was you must shocking currency move of this year? when the year began with the massive move in the swiss franc, that set a tone for what we would see this year and stands out for me as the most shocking move. anna: tom, dealing with headaches disappearing -- dealing with pegs disappearing is something we had to deal with. is there any good way to lose a peg? you can't really telegraph it ahead of time. tom: in the case of russia, they had long signaled that they plan to move to a flexible currency regime. it was forced to do so a couple months early. by definition, most always the shift to a more flexible currency comes because of a pressure. in a case of many of the cis countries, the case has been the folly oil price -- the fall of the oil price. anna: could the swiss central bank have been given a few more hints ahead of time? a few days before the decision they were talking about being committed to the peg. swissrd: t

richard jones dean of students. >> until we can free this world of, you know, intolerance, bigotry, hatred, injustice then we have an obligation to do so. >> we have to spread love. >> reporter: rabbi co director of jewish center on campus says the second incident of vandalism ups the anti. >> always what goes through my mine as jew and as a rabbi is that we fight darkness with light and hate with love. >> reporter: chestnut hall opened in 1984 and is not equipped with security cameras. the vandal or vandals could have been students, visitors or uninvited guests. whomever it was, they have stained the school's reputation. >> it took police to learn about on the people and to get to know different cultures and everything. so to disrespect it like that just horrible. >> reporter: the university makes clear if the vandals are caught they will be prosecuted. rabbi says he plans a couple of major initiatives this spring to try and foster an atmosphere of inclusion and understanding on campus. he will fight hate with love. in glassboro, new jersey, bruce gordon fox twin news. >>> the threat of h

manus: we are here with andrew well and richard jones was a vitamin, good to have you together. you -- let's go first, richard. everyone is focused in terms of volatility interacting across the asset classes. is there a bit of a release in the dollar market? we could be in for a little bit of a volatile reaction if we go by the previous rate hiking cycle of 2004 and 1994. richard: i think it could be a noisy day for us here in europe. realistically, the big reaction for me is probably the 2016 story, once market participants at that time to digest what this means. between now and the end of the year, equity markets will have a window dressing effect going on. i think we will get some volatility between now and the end of the year, but that will be more german by liquidity and holiday markets. 2016 a think will be very interesting for markets. anna: what will be crucial for you today? obviously, we get the press conference or janet yellen and anything just to say about how dovish she is about 2016. also, a detail of how they get this to actually work in the market. it is but a lo

the dean of students richard jones told the crowd last night's event was to reavenue official the university'sbelief that all are welcome. >> turning now to accuweather an improvement from yesterday. >> yeah, yesterday we got up to 50 claw above average but today little bit better. storm tracker6 live double scan shows us that we are precipitation free this morning. as we we take a look outside we're looking at the airport and you see how the camera is steady this morning. winds are calm currently in philadelphia and not really getting all that strong even after sunrise when they do have a tendency to pick up a bit. 37 degrees in philadelphia to start out. so, we are beginning the morning cool again. 34 degrees in wilmington. and down around the freezing mark in lancaster, reading and allentown. 35 up the pike in trenton. 27 cool degrees down in millville and 41 in cape may. satellite shows you how there has been some cloud cover kind of breaking up overnight. some patchy fog is possible early this morning, particularly out to the west of philadelphia. but that's not going to last all that lon

manus: more on those with richard jones and just a moment. but first, let us head down to sydney for the latest on what the kiwis. was this a hawkish cut, so to speak? let us get it all in perspective now. we have ian macdonald with us. ian: yes, good morning. we obviously had a 25 basis point interest rate cut. it was what was expected. what was not expected was graham wheeler saying with that cut in place, he now believes that inflation would return to the midpoint of his target. and traders took that as an indication that the cycle is over. and they probably brought the kiwi, something the central bank of new zealand does not want. anna: do you think graham wheeler is overconfident about his expectations, inflation is going to get back to the target range -- the midpoint of 2%? central banks around the world grappling with this problem, of course. ian: you are exactly right. we know global inflation pressures are almost nowhere to be seen. interestingly enough, the graham wheeler forecast midpoint will not be reached until the end of 2017.

richard jones. jennifer, let's start with you.jumped out was the average weekly earnings excluding bonuses. 2%. expectations were for 2.3. the previous monfils downgraded to 2. the previous month was downgraded to2.5. jennifer: it is very clear that wage growth is slowing and this will be a great concern from members of the monetary policy committee. what they are after is for inflation to get back to 2%. they are not seeing inflation pressures. that will be a major source of disappointment. mark: checking out sterling, richard, it is lower. has it dipped at all since the release of the figures? the jobless rate fell to the lowest in 7.5 years. but you have got to be looking at that wage data. richard: that is what the markets are focusing on. wages is something they are looking at. the thing about u.k. rates and the pound is that certainly in the u.k. rate space, expectations are already extremely dovish. rise is still a 2017 story. mark: what does today's story tell us about the amount of slack in the economy? jennifer: it is ha

dean of students richard jones told me he echoes those sent many. >> intolerance and bigotry and particularlyigious intolerance in this particular case has no place at rowan university. >> reporter: jewish leaders on campus responded to the first act of vandalism by inviting a big crowd to their menorah lighting in celebration of hanukkah. >> this is someone that wants to spread hate. >> reporter: rabbi who leads the jewish center the vandal or vandals will not carry the day. >> we're just going to continue -- up our game and, you know, spreading the love and the pride of judy i and of all people we can all live and be together. >> reporter: chestnut hall is more than 30 years old. it is not equipped with security cameras. the dorm has keyed entry but it is not known whether the vandal was a student, a visitor or uninvited guest. in any event students here want the vandalism to stop. >> this is not the image you want for your school. >> absolutely not. absolutely not. we're better than that. and those people know that. >> reporter: the university makes clear if the vandals are caught they wil

richard jones joins us in the studio and we are joined by peter. thank you for joining us.e most part? space iserging market move isand the shocking and we had eye watering moves. there was a shocking move and they talked about how they are anditted to this policy they had abandoned it. >> the trouble is that you either have a pay get or you do not. you talk about having or having -- not having one in the future and that does damage. it would have been the market taking in a lot of money and they would not have that. what is interesting is a connection between the central bankers in the markets becoming in a clearntertwined understanding. what they did is an us versus them approach. the central bank is saying a thing and it may not be what is happening. >> you saw this coming. >> it is peripheral where we started and there is the accumulation of reserves that is unsustainable and we knew they would drop a bomb. andtwo are incompatible there was the outside idea coming to fruition. >> the central bank is pivotal do you think it is successful with a weaker current see against

. >> new want to see london through the eyes of charles dickens tour guide richard jones is your man. >> foggy christmas eve, the rubbing their hands together, stomping their feet, desperate to keep warm. this is where it all begins. >> you're transporting me right now. >> any talk of dickens in december conjurors only one thing "a christmas carol." >> reading it to the household. >> a christmas carol, published as a novella in 1842 tells the story of ebenezer scrooge, a miserly and midst rabble old businessman who on christmas eve is haunted by three ghosts. >> believe me i'm not the man i was. >> ultimately deciding to mend his ways and spread cheer all around him. in an ending sweeter than a figgy pudding. but you already knew that. what you may not know is dickens' personal connection to the story. >> had dickens himself been >> dickens in his childhood had faced great hardship. his father was riddled with debt trouble. >> the head curator of the charles dickens museum. >> at one point his father was thrown into jail for debt. he had to work in a factory to make money and support

went down....packers down two and down to their final play...aaron rodgers throws to james jones, then to richard rogers, then back to aaron rodgers, who's pulled down, but there's a facemasking penalty called...game can't end on a packers get one more chance...and with no time remaining...rodgers buys time and will launch the ball from his own 35...about 70 yards in the air...and richard rogers comes down with it! packers come back from a 20-0 deficit to win it, 27- 23...probably saved their season...poor cyber monday may be over, but plenty of people are still shopping online...leading to a shipping war. how fast you can get your presents delivered to your the ford holiday sales event... with 0% financing for 60 months on 2015 f-150 and focus and 2016 fusion and escape. plus 1,000 dollars holiday bonus cash on 2015 focus and 2016 fusion and escape. it's the best gift ever. now during the ford holiday sales event get 0% financing for 60 months plus 1,000 dollars holiday bonus cash on select vehicles. see your local ford dealer. temperatures will get even warmer today with highs into the upper 40

went down....packers down two and down to their final play...aaron rodgers throws to james jones, then to richard rogers, then back to aaron rodgers, who's pulled down, but there's a facemasking penalty called...game can't end on a defensive penalty, so the packers get one more chance...and with no time remaining...rodgers buys time and will launch the ball from his own 35...about 70 yards in the air...and richard rogers comes down with it! packers come back from a 20-0 deficit to win it, it's time to rise and shine. at kum & go, we're doing more for you to start your day right. along with breakfast sandwiches & breakfast pizza, yes pizza, & donuts & muffins & coffee that are all made fresh & hot in our store's kitchens every day. kum & go. where & means more. this month, get any breakfast sandwich and a drink for just $3.25 temperatures will get even warmer today with highs into the upper 40s, with a few 50s mixed in for a sunny end to the work week. quiet weather will hold on over the weekend, but a sunday, which will cool a pediatrician may have found an he's it! and donald trump has been a ca

actress melissa jones hart, richard quest, model and reality tv show carmen carrera, tituss burge burgess, bethany watson, cnn anchor john berman. from fusion's "no you shut up" left thompson. and robin immediate. it's all the bhes, all the worst 2015. welcome. i'm tom foreman. and we could have used some superheroes to help us through the challenges of this year. some exasperating, some exhilarating, some comical. and over the next hour we're going to go through all of them, starting with the best and worst in the world of big news. >> it was a year of firsts. >> a lot of people who predicted a lot of things were wrong. >> i cannot believe it is the end of the year already. >> some weird stuff happened. >> kind of horrifying in terms of some headlines. >>> the worst way to start came in the first few days of january with the terror attacks on the french charlie hebdo. and the attacks on paris later, you get the worst story of the year, the persistent plague of terrorism. >> there is no doubt we are dealing with a very different beast, something we have not seen before, something which do

actress melissa jones hart, richard quest, model and reality tv show carmen carrera, tituss burge burgessn anchor john berman. from fusion's "no you

and killed by a police officer in chicago over the last weekend. 19-year-old richard quintonio lr and his neighbor bettie jones was shot. but they called the police saying the teen had been suffering mental problems and was beating on a door with a baseball bat. the 55-year-old neighbor, jones, the mother of five waiting to let the officer in the building and then an officer opened fire. the chicago police department called the death an accident. legrier and jones died while the city was already caught up in turmoil from another police shooting last summer. a story even knows about by now. another police officer, jason van dyke facing murder charges in the death of laquan mcdonald from last year. now every police officer will be armed with a taser and be trained to use them by june of next year. >> willful misconduct and abuse cannot and will not be tolerated. when that happens it undermines the good police officers out there and makes it harder to do their jobs effectively. at the end of the day, effective policing requires cooperation between the police and the members of the residents that make up the commu

washington including richard shelby who want to lift a ban on buying russian made rocket engines to launch the u.s. military and other satellites. our next guest said the ban is a good idea. tom jonesmer astronaut. and researching on the story and the united states is a counsel row that won the space race. what are we doing buying rocket engines from the russians? >> 15 years ago when the first russian buy took place it was a good deal for business. they provided a service to the taxpayers and now russian behavior in crimmia and ukraine on theitable. we have the know how and move rapidly as possible to do that. and congress was right in banning the future purchase of these. >> it is my understanding that congress felt if you bought those engines they would not go to places like north korea or iran and other countries that might use them for purposes. >> that's right. we wanted to tie up the russian and orient it to our needs and that is true and nasa as well. we have used it as transport for the astronauts and it is time to move out. if mr. putin pulls the plug we don't have a way to launch our rocket and that could cause problems for the reloiblt. it makes sense for congress to pu

jones starts up, nasdaq and s&p 500 also begin higher. futures are pointing to a mixed open. >>> america's biggest airlines are banning popular hoverboards from flights. >> richard bacon and reena ninan have this morning's headlines. >> the growing hoverboard ban. >> delta, american and united say those popularized motorized scooters are not allowed on flights in checked or carry on luggage. the concern is that the lithium ion batteries can catch fire. >> if you're flying during the week between christmas and new year you'll be among about 38 million passengers traveling by plane. >> that's up 3 percent from the same time last year meaning 73,000 more people angling for good seats. >> and if you don't already have your plane tickets do not buy one today. >> on average tickets purchased than those bought on sundays. >> overall you can find the best airfare deals on saturday and sunday. >> i always thought it was the middle of the night. >> that's it. >> have a great monday. >>> breaking news in the bronx, huge flames forcing families out of their homes in the tremont section. rob nelson just got an update from firefighters. >> falling bricks are still causing a m

threatening his father. 55-year-old neighbor betty jones was hit accidentally and tragically killed. cook county commissioner here in chicago richard rahm emanuel are demanding answers as to how a domestic disturbance call led to police shooting and killing two people. as you know, chicago has a new police superintendent put in place. under a new policy they are going to put those officers who were involved in the shooting on a 30-day desk duty. also the investigation is now in the hands of the independent police review authority. they will hold -- the family is going to be holding a press conference at 11:00 a.m. and then also a vigil later on, at 2:00 p.m. here chicago time. all of this to try to process what exactly happened. again, two people killed at the hands of police, one of which police are admitting it was an accident. >> emily, we know you'll track that press conference closely. a quick follow-up question. given that this police shooting really comes in the wake of another controversy, we've been talking about it nationally, of course, the police-involved shooting of laquan mcdonald. what is the community's reaction? is

jones the nasdaq and s&p 500 also begin higher. right now futures pointing to a big jump at the opening bell. >>> it's an important date for the holiday shipping season. >> abc's richard bacon and reena ninan have this morning's business headlines. >> good morning, topping america's money a christmas deadline at the post office. >> today is the last day to mail packages so they'll be there by christmas eve. december 17th is the deadline for first class mail. >> 15 1/2 billion pieces of mail will be sent this year, 10% more than last year. >>> coming to store shelves next year organic gatorade, pepsi, the maker of the world east most popular sports drink isn't saying when it will be available. >> and what were americans reading in 2015. >> people's best selling cover was this featuring blake shelton and miranda shelton's >> and pope francis during his u.s. visit selling 450,000 newsstand copies. he's still a rock star. >> that's america's money folks. >> a new law in seattle clears the way for drivers at uber and lyft to organize a union. companies like uber usually classify their drivers as independent contractors who don't get benefits. the new seattle ordinance allo