banks have been the beneficiary of the rally stateside. all of this as the dollar has been holding firm. treasuries in focus as well ahead of that big fed decision. if we can look here among the expectations, because of course investors are watching that two-year, the fed sensitive yield, getting near six-year highs. but what is widely less known about the fomc meeting today is whether or not they will tighten and at what pace into the next year it ranges when you look at the various expectations among economists, when you look at goldman sachs, they're on the higher end. more hawkish end. goldman sachs is predicting about three rate hikes next year. when you all look at the expectations of the trumpflation scenario, expectations of just two. fed watchers will be listening out for clues from janet yellen's press conference on that future path. stay tuned for that one later stateside. the trend in the u.s. equity markets has been to broadly drift upwards since the recession in the early in the 1980s. interest rates have been grinding down t

what's the response been stateside? >> reporter: well, it's very interesting, actually. you throw in the mix, also you have a president-elect who has not been sworn in yet as president, throwing his name and weight into this debate here. where you also have president obama, sort of muddling a message a little bit from the united states. i think the current administration is a little bit upset at that. you're saying there's one president at a time. president-elect trump will be sworn in on january 20th. the sense here is, it's a little bit stepping over bounds so to speak, donald trump at the moment. now donald trump is welcomed when he comes in and is sworn in as president to have whatever policy he wants. clearly he's pro israeli in his policies and stance. but he said anti-united nations as you can see from the tweets he's been putting out here. president-elect donald trump not shying away from the spotlight even though he's not yet president of the united states. >> weighing into the conversation, a story that interests me is the one in the "new york times" where pres

stateside, though, the dow coming within a whisker of 20,000, driven higher by financials. >>> banco monte dei paschi says its liquidity will dry out in four months instead of 11, as the italian lender makes a last-ditch attempt to raise private capital and avoid a state bailout. >>> spanish banks sinking to the bottom of the european market as the eu court of justice overturns a spanish court ruling on mortgage interest repayments. >>> shares of mediaset hit a 16-month high after vivendi increases its stake yet again. but the italian media group warns it will take all measures necessary to defend its assets. >>> good morning, everybody. good morning. kind of christmassy. >> i know. we're trying. just a few days to go. hard to believe. >> i'm not one of those with the sweaters with rudolph's nose popping off. >>> missed that day here. >> i did, too. >> i have a few in my closet. >>> wrueuropean equity markets, just a bit lower. we hit an 11-month high yesterday on european equities what goes up must come down. what goes down must go up. today just drifting. when it comes to the main

that oil producers stateside will get back into the game and suppress further price gains?> also what will it do to demand as well and demand from emerging markets. you had this mass demand from emerging markets in 2016. there is the argument that there may be less demand from emerging market countries, like china. if chinese demand slows down due to opec moves, opec and nonopec moves tsh moves, it could have a knock on impact. >> in the u.s., the eia stocks were higher than many thought. if the prices stay elevated you wonder what kind of supply response we'll get there. >> we had the nigerian oil minister before christmas sitting in that chair, he was pointing to the action of those u.s. producers, something that the opec producers were nervous about. i think it's going to be crucial. it's just a six-month deal. six months can fly very, very quickly. and whether you can have a market that can move quickly to trim supplies in that time frame to make those producers satisfy, to continue on with the production agreement is the question. because don't forget in the past you h

you may have seen the congratulations stateside yesterday as softbank, a japanese technology firm pledged to make america great againer, getting on board to up vest in u.s. businesses. they own sprint. the market is speculating oevery a fresh tie-up with t-mobile after talks were killed by regulators. from business to regulation. it seems as though many are picking their poison, it is some have found people are choosing marijuana over beer in particular states it has been legalized, there has been a under performs in the beer market. they say when we binge, we tend to take a break before recommitting to another series. we're not intich switching off entirely. we take in a quick movie. let me toss it back to you in the studio. >> binge watching. >> karen, thank you so just as dangerous as driving up the sale, a lot of us are guilty of it. plus t. woman who became the most nominated artist in grammy more "doing chores for mom" per roll bounty is more absorbent, so the roll can last 50% longer than the leading ordinary brand. so you get more "life" per roll. bounty, the quicker picker upper

studied their cultures, and a lot of the students that were demanding this are students that are stateside born here in the united states. these are students who have rarely gone home or have not been born in the homeland in places like tonga or hawaii or guam or in fiji or in hawaii. so these students were interested in us creating courses that made sure they could help them create a community in the community college that they're attending. and i have to say, robert, that, you know, city colleges san francisco and college of san mateo are the only two community colleges in the state of california and outside of the state of hawaii that has official pacific studies programs. the bay area is leading the way in this development in the field. >> and my wife is guamanian so she wants to see this happen. paul and i were students together and we started an asian student clubs. we had to call it the asian-american student club to make people feel inclusive. you had mentioned before you were maybe a little uncomfortable having pacific island he ers lumped into those categories. >> at that time it

you may have seen the congratulations stateside yesterday as softbank, the japanese technology firm,dged to make america great again getting on board and pledging $50 billion to invest in u.s. businesses. softbank also owns sprint saw the market is speculating about a fresh tie-up with t-mobile after talks by companies were killed from regulators. from business to regularration it seems as many people are picking their poison and it is legal weed, not beer. some researchers have found that people are choosing marijuana over beer in particular state where marijuana has been legalized in recent years. there's been a significant underperformance in beer markets. meantime, netflix says when we binge on some of their series we take a break for two or three days before switching off to another season. we tend to skwik in a quick movie between the series. >> guilty as charges on that netflix binge watching. >> me too. >> thank you, karen, so much. >>> just ahead, what aaa says is just as dangerous as drunk driving. i have to say a lot of us are guilty of it. >>> plus, the woman who became t

when he came back stateside he sat down with a reporter, inga, who realized he was very heroic, she wrote the templates for all future stories about john kennedy and pt 109 that portrayed him as a war hero, not a failure and that was the basis for the kennedy political biography for all the years up to the white house. >> i think we are ready to get started. welcome to politics and prose. my name is emily, manager at the bookstore. a few housekeeping notes before the good stuff. if you could silence your cell phone so we could be in this moment together that would be wonderful and because we are filming with booktv, if you have questions after the talk, if you could use the microphone here the only way to capture the sun for the audience the premise -- present today, definitely go to the mike. it helps a lot and if you are not to your we do 500 other events a year, you should check out our event calendar that the information desk or on our website to see what is coming up, events through december 8th, some really good ones. thanks so much. i am excited to welcome nina willner who serve th

if you are going stateside, what you like to try something different and exotic and in line with the might have predicted a win if that was a decision in september. good on him. and it was brand-new, why not? i would give it a shot, for sure. that is all we have for this edition of "bloomberg markets: middle east." american futures are mixed, s&p 500 slightly lower. next earnings from fedex and nike. angie: all very exciting news. and then all the stories coming up on bloomberg tech. we will have the top headlines for you coming up. ♪ >> it 1:00 p.m. hong kong. asia-pacific markets have been holding on wall street's overnight highs. hong kong has rebounded. stocks keepna climbing from six-week lows. sydni saying its highest level since august of 2015. he is also filing a lawsuit. india's biggest conglomerate

it's so easy to get lost in the post-election rally we've seen stateside. overall, looking at year to date, the post-brexit lows, europe has come a long way, too. >> they have. depends on where you start from. the year to date numbers are anemic. we are just in local currency term s moving into positive territory. i'm not too hung up about that. we had an 18-month period where markets have to the done much by in large. we had some gloomy moments. the overall indications are that we're in a better place, better overall scenario for investment. as i said already, i think markets can do more next year. >> 45 seconds left. doesn't a lot of it have to do with what type of trade relations we see between the u.s. and everywhere else? many are saying 2016, glad it's over. the argument is that 2017 might be tougher. >> i would have that as my favorite wild card now. trade policy in the u.s. what will trump do when he comes in. if we have a good, healthy, broadly based rise in the markets, we don't need that. one thing we do want to happen is europe, the markets whic

. >> central bank watchers will now be turning their attention stateside to the fed meeting next week. former dallas fed president, richard fisher told cnbc that he does not think stock market enthusiasm will be dented by a rate hike next week. take a listen. >> the markets is well discounted in the first increase. my personal view is they're behind the curve. we need several to catch up. what really counts is what they do with the reinvestment of the system open market account portfolio. there's $1.1 trillion in rollovers occurring between now and 2019, that will help shape the yield curve. i don't think people are paying enough attention to that. >> as usual, get in touch. nice to hear from you. e-mail address is streetsignseurope@cnbc. we're live on twitter, either the show, you can tweet us directly. >> @carolincnbc or @louisabojesen. >>> coming up, we'll be live from seoul after a historic vote in south korea impeaches the scandal-hit president. latest details after the break. >>> the south korean parliament voted to impeach president park geun-hye following a corruption scandal.

. >> q4 has been great for markets stateside and around europe and japan. is that just ified?markets are look out to 2017, second half, maybe '18, seeing this important policy switch. the markets are look at one half of the trump equation and dismissing the other half. i'm talking here about the stimulus part of it, that's a bad word in the u.s., but in some sense -- >> it's a good word now. >> could trump be the answer to secular stagnation. that's what everybody was worrying about the last two, three years, the economy could be stuck in this low interest rate environment forever. if we had, as i put it, smooth holly coming back from the grave, that would shake markets. can we break out of at least 2% growth next year? >> i think we'll get above 2%. growth has been around 2.1% since 2009. if we do get the tax cuts, tax reform, supply side policies and infrastructure stimulus, that's pro growth. >> great stuff. >> thank you. >> paul sheard. about 20 seconds left. >> i'm not watching the dow. we're not watching the dow levels anymore. >> why would you be? >> it's too far away.

served three years in germany, and stateside, colorado, maryland, d.c., virginia, where i finally separated as a major. then i co-founded the gi film festival, a nonprofit film festival that bring the military together for a week in the spring in d.c. and every fall in san diego. it's to preserve the stories of men and women in the military. and it helps bridge the civilian-military divide. i'm happy to be here to help moderate the panel for today. just a quick show of hands, how many people are going to be going into the army? i think we have a lot of cadets. how many people are -- let's see, military, not just army. i'm army focused. a little more hands. great. a lot of people who are going to be serving. how many people who have already served in the audience today? wonderful. this panel will definitely be instrumental and helpful for a lot of you going in. we'll actually learn something for people who already served. our first panelist today that i would like to introduce is senior petty officer mary cunningham, retired from the united states coast guard. she was the first african-ameri

why is he trying to take cdit this week for sprint's stateside job creation? we're talking about it next thank you for dining with us. hope to see you again soon. whoa, whoa, i got this. just gotta get the check. almost there. i can't reach it. if you have alligator arms, you avoid picking up the check. what? it's what you do. i got this. thanks, dennis! if you want to save fifteen percent or more on car insurance, you switch to geico. growwwlph. it's what you do. oh that is good crispy duck. nothing not boys... janelle. not worms... not cancer. i want you on my team. ok. janelle's doctors turned to st. jude children's research hospital where we've helped increase the overall childhood cancer survival rate from 20% to 80%. and we will not stop until we hit 100%. cancer, you're going down. and janelle, you're growing up. donate now at stjude.org or shop where you see the st. jude logo. . >>> welcome back. more of a muted reaction from capitol hill, so far, on the expected sanctions against russia. could be because president-elect trump's attitude toward vladimi

president-elect swing by indiana to formally announce their deal with carrier keeping a thousand jobs statesidertin savidge is in indianapolis this evening. so this is great news for the carrier workers. what's the mood there in indianapolis? >> reporter: it is great news. and it comes just before the holidays and, of course, ten months ago everybody thought they were out of a job. but it's kind of a mixed reaction. i was expecting really a lot of high-fives and cartwheels and people celebrating and they are not. and the reason is this. first of all, they don't know anything about what are the details in this deal? they know that there a thousand jobs but of course 1400 people work at the plant currently, which means 400 people or so are going to be out of a job and until they know the details, everybody is fearful, it's my job that wasn't saved. on top of that, they have questions like will there be wage cuts or how long is carrier going to stay? will they have to go through this process a couple of years from now? and then there's the question of another company here in town and they have abo

happy belated christmas to all of those celebrating it stateside.et's check in on the global markets and futures at this hour. yesterday we got slight gains. still not hitting 20,000 on the dow. it comes off about a week or so now of slightly treading water in terms of which way markets are going, on low volumes yesterday and friday the last two trading sessions saw particularly low volumes relative to the year as a whole. we are called higher today. only slightly. 16 points or 17 points for the dow. 1 point for the s&p. the nasdaq 9.7. one thing is clear for these markets. we'll end the quarter with positive gains. of those three indices, particular lly the dow, which looks like it could hit double digit returns. if we look quickly at the u.s. ten-year treasury note, we did see a little bit of a slippage yesterday, at 2.55 at the moment. so still some way from those highs of 2.64% in terms of yields that we saw two weeks ago. significant moves. >> we'll talk about the markets. the resilience and strength is amazing. we have data out of asia to repo

not just here stateside but overseas as we continue to follow the latest in the assassination of theussian ambassador to turkey, cal perry is back with us with the latest on the reaction from international communities next. my business was built with passion... but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. with it, i earn unlimited 2% cash back on all of my purchasing. and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... which adds fuel to my bottom line. what's in your wallet? >>> breaking news now for you within the last few minutes. nato's secretary general condemned the assassination of russia's ambassador to turkey. the ambassador was speaking at an art exhibit in turkey's capital when he was shot and killed. turkish officials say the attacker shouted allahu akbar and condemned killings in aleppo. following this is our team on the ground and at 30 rock including cal perry, senior editor of video and digital content. what are you learning? >> reporter: condemn t

if you look at futures stateside, it might give us an indication of what lies ahead for the rest of the trading day. looking soggy there and across here in europe. it has been a strong year for equity markets. well, nancy, happy new year. >> happy new year to you. >> we do have monday's guest, howard goldring will take you into 2017. that's all for today's show. i'm karen tso. >> i'm nancy hungerford. "worldwide exchange" is coming up next. with the xfinity tv app, anything with a screen is a tv. stream 130 live channels. plus 40,000 on demand tv shows and movies, all on the go. you can even download from your x1 dvr and watch it offline. only xfinity gives you more to stream to any screen. download the xfinity tv app today. >>> good morning. sayonara 2016. futures pointing higher on this last trading day of the year. >>> russian retaliation. president putin vows to respond to u.s. sanctions in the wake of that alleged election hacking. details coming up. >>> and your 2017 playbook. oil prices on track for their biggest yearly gains since 2009. predictions on what next year will hold fo

yes, we've seen rallies stateside but this week has been very, very strong for europe as well.ay, ending the week with a mixed picture. keep that in mind following the strong gains we've seen. asia, strong move higher in the nikkei because of yen weakness today. shanghai is up as well producer price inflation coming in at 3.3 year on year rise in novr. well above the 2.2 percent expected. follows a 1.2% rise in october. decent producer price inflation performance. the consumer price inflation performance slightly positive. not going to have much impact on global inflation rates, but desedee dee decent data out of china. >>> we have brent crude up by 0.8% -- wti 0.8%, brent crude up by a half percent. there's some hope that non-opec members, potentially russia, could also cut some production. they will be meeting this week. the dollar is stronger, but certainly not like the moves that we saw yesterday after we heard from mario draghi and what he had to say about the ecb program, the euro and dollar just about flat in today's trade. the dollar is stronger here against the yen. th

army staff sergeant sterling conquest had just arrived stateside and he's taking had izson for a family reunion in philly. >> i was in hawaii for three years. >> just got back? >> this morning. >> so this is a reunion. >> with my son. >> can't be a better christmas present than that. >> yes. >> and ahead, we'll hear how another member of the military is doing on a trip from north carolina to new york city. his two passengers are puppies, and oh, by the way, they're not house trained. coming up at 6:00, in springfield, chris gordon, news 4. >> in philadelphia, occasionally long lines at the security checkpoints, but overall, not too bad on the day before christmas eve, people trying to get out of town for the holidays. more than a million people from the philadelphia area are expected to travel these next couple of weeks. least for today. in fact, a little warmer than normal for this time of the year. but tonight, the clouds are rolling in with rain expected early tomorrow orn christmas eve. that means right now at this moment, it's not a bad time to fly to philly. very few delays, most

stateside to exxon mobil's ceo and rick perry, governor of texas. states. let's get to will kennedy. managing editor of commodities at ema. still with us. there are two things going on here. --.s. oil man now in math now the most senior u.s. diplomat. people will wonder what that means. other appointments, mostly from texas, oil-rich states going to washington. perry, you have an oil friendly guy in a interior. people wonder what that means for the oil and gas industry. a lot less regulation, frankly. -- is that what it means? these guys know their way around. are we going to get a more finessed policy? in terms of the way it is put in place? we've got some problems we need to fix and these guys understand those problems. while you can talk about rolling back regulation, what about changed regulation? >> a lot of regulatory change. these people have made clear that they back coproduction -- production.- coal i think it will be a much more friendly market to the oil and gas industry. is, will his experience in exxon, translate to a change relationshi

however, if you think about it, boeing and airbus are two of the largest provider of jobs stateside and's biggest mantras, he wants to create jobs and keep jobs in the states. probably hard to pass that in congress in terms of scrapping deals. let's talk about apple, as well. ireland accused of avoiding international tax rules. apple are going to be launching an appeal this week against the record tax demand coming from the european union related to the taxes in ireland. the european minister said the irish tax is 000.5%, in essence, nothing. let me mention the markets, as well, in europe, trading primarily slightly lower, smaller markets hanging on to small gains, but bonds also sold with yields pushing higher. you know what they say, the trend is your friend until the bend in the end, so for now, we're sticking with it and sticking with this market rally that we're seeing, louis. >> the trend is your friend until the bend in the end. i'll take that one. live from london, kasie, back to you. >>> attorney-general loretta lynch says the backlash to her meeting with former president bill

the president-elect is striking that deal with carrier to keep more than 1,000 manufacturing jobs statesidehe was in indiana yesterday. here's what he had to say about the plant in mexico. >> i think it's hard to negotiate when the plant is built. the plant is almost built. right? i said, greg, i don't care. it doesn't make any difference. don't worry about it. what are we going to do with the plant? rent it. sell it. lock it down. i don't care. but they're going to do fine with it. i don't know if they're going to be able to do it with an american company, but -- >> what about reaction south of the border? our michelle ka caruso-cabrera in monterrey with more. >> we're in front of a carrier plant, not the carrier plant that donald trump was talking about. this is one of the older ones, one of four that they have here. we did see the newer plant, couldn't get into that one. that's why we're here, by the way, because we can stand on the street. you can actually see the building. the new plant is in a massive industrial park that the landscape here, wherever you drive around, there's 130 of t

it is great to the your insight on what is happening stateside. bob baur stays with us.: it is the last ecb meeting of the year and the spotlight is on mario draghi. matt miller has a very special guest down in frankfurt. matt: manus, thanks. we have the chief economist from commerzbank. you made a great point about, and i think in your note you talked about a solution to draghi's problem, which is even if he extends qe at the pace they are doing now, he will have a problem without enough bonds to buy. what is your solution? there is a 33% issuance limit within the next year. that means within the extended period, one solution would be to redefine the bonds. currently, the ecb purchases bond between two years and 30 years maturity. if you drop the two year limit, it would raise the denominator and bring down the ratio of bonds in the ecb. this would give the ecb an additional six months. matt: this is a fascinating solution and i know you put this out already to clients. the broader question is whether he is going to extend, for how long, at the same pace? . what do you

. >> as an intent to keep companies stateside these would be the potential pros. make you think twice, encourage you going to another state instead of another country. and using this as a negotiating tool. this is where it ends supporters and surrogates lean heavily. how do you see the pros? >> the problem of all of this is it's a series of one-off and doesn't encourage long-term job growth or economic growth. it's essentially policy through penalty. and if you look -- >> why is that wrong? if i'm carrier, i don't want to pay 35%. assuming it's legal and it can happen. you know, because that changes my margin, maybe i'm better off staying. >> the problem is industrial companies now are in an era now where they've shredded 4.5 million manufacturing jobs over the last 20 years. it's unlikely those jobs are going to come back and most of them were lost because of technological innovation. they weren't lost due to global trade. so what's essentially being done here. >> let's look at the cons. something tim just said is what you're thinking about in researching yoursel

so we liked it stateside better. somebody said, what are all those planes in the air? what are all those planes doing out on a sunday morning? and i could hear vaguely a droning which was not unusual because ford island was a naval air station. and so about the time i looked up skyward, i saw this group, i was almost positive there were six of them, coming in a v formation. i stood there and saw the bombs drop, and then i saw this huge red flame and black smoke, and i thought, oh, my god, somebody really goofed because those are real bombs. see we were used to being bombed , with duds. and i thought, my god, somebody really made a mistake. those are real bombs. and just about that time, i felt the ship lurch. so we were being hit by torpedos on the opposite side which of course i couldn't see that side. when the torpedo hit, i actually felt the ship lurch. see even when we were hit by did -- dud bombs the ship was , somewhere around 22,000 tons. when we'd go below the armored decks of course during bombing runs. we weren't walking around. when the bomb would hit, you c

when he came back stateside he said that with reporter, inga, i realized he was very aerobic she wrotethe story that was a template for all future stories about john kennedy and the pt 109 that portrayed he was a war hero and, of course, that was a the basis for the kennedy political biographies for all the years up until his run for the white house. >> this is booktv on c-span2, television for serious readers. here's our christmas night primetime lineup. that all happens tonight on c-span2's booktv. >> [inaudible conversations] >> good morning, everyone. i want to welcome you to the book fair. i'm sounding loud to myself. welcome you here if this is your first day and welcome back if you spent a fabulous day yesterday. i'm tranone, a longtime friend of the book fair and time chair of brickell avenue literary society. we have a fabulous day today, wonderful authors and a want everything to move on schedule so that everyone has an opportunity to do their part, ask a question and so forth. so i want to thank our sponsors. i'm just received a list of sponsors and its mighty small print, s

the economic data, especially r where is stateside, has been consistently been getting better.th the potential for stimulus on back of that to offset the need for as much intervention by the fed. should be a good thing. betty: there's not going to be intervention by the fed but there are going to be interest rate rises, right, so that's a major head wind. john: we don't think so. if you look at the last time the fed raised rates, it was the end of june, 2004, to the end of june, 2016. it was a 20 -- june, 2006. it was a two-year period. they raised rates 17 times. they went to 1% up to 5.25% of the fed fund rate in those two years. the s&p was up 11%. and the mids and smalls were up about 20% apiece. ramy: what will get us to 2450 in terms of your strategy? john: i think what will get us to 2450 will likely be improved earnings for the standard & poor's. we think not as much as some -- s&p 500. we think about 15% earnings growth and that even with some head wind from a stronger dollar but a moderately stronger dollar that we're seeing here. and with expectations that dollar may