Ten year is yielding around 0. 65 . Yeah, 0. 648 30year is at 1. 383 andrew thanks, becky nice to see you. Meantime, civil Rights Groups involved in that meeting with facebook which we previewed for you yesterday right here on squawk, well, the companys platforms, they are calling that sitdown meeting disappointing. They say they were unable to get commitments from Company Leaders on how they plan to combat hate speech and misinformation on the site facebook spokesperson said this was an opportunity for the company to reaffirm the commitment to combatting hate on the services well talk a lot more about this later with somebody who was on that phone call. I dont know if it was a phone call or a zoom. They dont do zoom, guys. They didnt i thought it was a zoom . Facebook now has their own. They do they have their own platform now. I dont know if you are going to meet with well, ive had meetings on facebook they often use blue jeans. I thought it said zoom but it might have been used sayi
Youre watching daybreak asia coming to you live from new york, sydney and hong kong. Counted up to the major market opens. The top stories this hour, asia set for a risk offer, from the july minutes touching intraday highs not seen since october and the end at its lowest level this year. The Central Bank Policy makers are still seeing significant upside risks to inflation, which could require further Interest Rate hikes, and reports of rare protests in beijing as one of chinas biggest shadow banks skips payments on Retail Investment products. Lets switch look at u. S. Futures, stocks to get on the chin today after the minutes from the feds july meeting shows that the vast majority are resigned to at least considering the possibility that more rate hikes will be needed. Some mixed close, but seven at seven lead to the downdraft with some big tech names like amazon and tesla. You could see again, right on the screen, still there, but i would call this unchanged. Markets, the whole world
It. Publish bitcoin we immediately gets the top of the readership roles at bloomberg. There is a fascination, maybe a bit of schadenfreude with investors being roiled backandforth on what this is, an asset class or a bubble. What is it and where is it going . No one has the answer, greeting us. Including us. Lets get to the bloomberg first word news. A spokesperson for the russian president says the kremlin is concerned about the possibility the u. S. May further expand sanctions on russia. A rule that took effect in august calls for the treasuries to compile a list of tycoons and Companies Close to the kremlin as potential targets for more sanctions. The u. S. Added the names of several companies of prominent russians to the list last week. Almost a year into the donald trump presidency, passionately promoted through all of his Campaign Announced eight prototypes no more than 30 feet long walls. No funding has been appropriated by congress to advance the project beyond the testing pha
Welcome everybody, im neil cavuto and we are keeping an eye on dignitaries and wife visiting the United States. Timing is everything because all of this comes in light of our wanting to get punishing measures on syria for what appears to be the use of chemical weapons against its people and we are looking at for a universal slapdown of the syrians there. Well spell it out. We see power shifting within the National Security team that is at the white house of the steve bannon, were hearing right now, has been removed from that position. It is not necessarily what it appears. Blake burman on the phone to tell us what is going here. Blake . Reporter im on the phone. Watching live shot of kings arrival. They wouldnt let us cross to the camera positions because there is butch of highly important people here at white house. What the secret service says we do and follow. Hello from the phone, 100 feet away from video you were watching. As it relates to steve bannon. He has been taken off as a
Mr. Gibson and i joined together to introduce legislation that clarified rules under the doddfrank act with regard to margin clearing and reporting requirements of interaffiliate transactions. What that means is a lot of main street businesses in various industries from agriculture to Consumer Products that work across International Boundaries use this central treasury unit structure to offset competing or offsetting risks and that way they can decide what their total aggregate risk is and then make it much more affordable for a corporation. Unfortunately the way the rules were interpretted by the commodities futures trading commission, these companies were being charged double or triple the cost by imposing these Central Clearing unit ways of managing risk. It just didnt make sense and it actually cost them more money. And these companies did not add systemic risk. Thats what the rules on swaps were all about is to make sure we reduce systemic risks. These companies are using these co