From the Bloomberg Global Business Forum. Matt good morning. Interesting to see the impeachment drama playing out, even after the release of what was called a transcript and then a widely mocked and remain renamed memo. I think the dossier that the congress has ordered will be even more interesting. We will see what the full whistleblower complaint was. Investorsctly, and have so much to get their heads around. The biggest question is what it means for the 2020 election and what does it mean for president s trade policy. We had comments from him saying we could see a deal with china sooner than expected. Is he starting to feel the heat . We have the feds Charles Evans saying perhaps no more rate cuts are needed and that may be playing into some of the Market Action as well as the trade and impeachment drama. Matt its interesting to hear that. Lets look at how this has played out in markets. First lets take a look at what is going on in terms of asian equity indexes. We can see the Msci
Yesterdays gains related to treasury yields tapering off. Coming back down after really watching them march higher. Above 4. 6 . 4. 54 is the yield for the tenyear treasury. We have seen calming down at this point of yields. We will see where that continues. Late last night in washington, lets talk what happened. Republicans passed three of four spending bills in the house and a push to avoid the Government Shutdown. Lets go to Emily Wilkins in d. C. With more on it. Good morning. Reporter good morning, andrew. You are right. There was a little bit of victory for House Republicans. Lets be clear, congress has no plan to fund the government before sunday at midnight. That means we are looking to have a shutdown at this point. The house and senate on looking to have progress today to keep any sort of shutdown as short as possible. The house passed three of the longterm funding bills. None prevents a shutdown. The hope is to build support for a shortterm measure that members will vote on
European open, the rally in europe, Deutsche Bank down another 4. 5 . The dax deep in the red. There are so much to discover this morning. Cehic. Et over to nejra a turkey will be pressing for concessions as the European Union meets over the refugee crisis. The eu wants turkey to stop the flow of refugees from the middle east in return, turkey wants money, a quicker path to joining the eu and the ability to travel to europe without visas. A Kurdish Militant Group has claimed this possibility for last weeks explosion in turkeys capital. The same group that claimed responsibility for a similar attack on turkish army officers. To fillt obamas choice the Supreme Court vacancy goes to capitol hill that it. Today. Mitch mcconnell says garland wont even get a hearing. Some republican senators and say they will talk with him. Global news 24 hours they powered by our 2400 journalists in more than 150 news browse around the world. As we watch the fed affect work its way around the globe overnigh
We will also go inside the high frequently trading debate like never before. Bob pisani making trades with a tracedayold trader and hft guy. The we held the piece. Its going to air today. Im joined by simon at the nyse. Hi, simon. Making a bit of a comeback. Heres where the biotech stands right now. Thus done 11 . The etf that follows, ibb down 13 . Both, as you can see, every recovering today. Ibb up about a percent in line with the broader market. Shares of citigroup are doing really well. Were up now over 4 , this after the bank beating income expectation. Net income 4. 15 billion last year, up from 4 billion a year earlier. Since the second week of the year, shares of citigroup have dropped more than 11 . This is a welcome respite. The dia that tracks the dow is higher. S. P. Y. That tracks the s p 500, the qqqs that track the nasdaq 100 and iwm, which tracks the russell 2000, all higher on the session. Energy stocks are also doing well. Transocean, halliburton, baker hughes, all i
Reactions are starting to come in from Kentucky politicians and leaders to Wednesday's news that Sen. Mitch McConnell is stepping down as Republican Senate leader in November.