Communications industry representatives as they talk about Wireless Technology and spectrum policy, including the federal communication commissions recent spectrum options and innovation and the future security of communications and wireless devices and applications. Good morning. On behalf of my friend senator shotts, and i, im glad to convene the first hearing of subcommittee on communications technology, innovation and the internet, with 115th congress. So welcome to you all. As we all know, in todays connected world, the demand for spectrum increases with every new technology. Spectrum is the life blood of this connectivity, improving lives of people around the globe. Our discussion of spectrum policy today comes on the heels of this committees approval of the mobile now app. Under chairman thunes leadership, we have taken a significant bipartisan step toward freeing up spectrum with the next generation. And people should silence their devices, by the way. Right on key, thank you,
Trump as i have said from the beginning, ours was not a campaign, but rather an incredible and great movement. Made up of millions of hardworking men and women who love their country, and want a better, Brighter Future for themselves and for their family. Francine trump said Hillary Clinton called him early this morning to concede and congratulate him on his win. The republican victory has roiled the global markets. I came in about eight hours ago and it was definitely a surprise when we first started having the count in. Since, markets ever coop raided a little bit. I wonder whether it is because we do not have a full policy. I wonder whether donald trump tried in his triumph speech to reconciliation United States. This is the msci world index. Volatility still spiking up. To watch. The sectors we have been talking about pharmaceuticals. Watch out for the european banks. Again, this is the one we have been watching over the last couple of weeks. It is clear that health care, because H
Extra liquidity and take necessary steps to ensure stability. Welcome to we are seeing stocks across the world really plunging. The pound at a 45year low. I want to show you the breakaway for the euro stoxx 50. It all has to do with the safety blanket. Theres a clear move, some calling it a shot for the banks and homebuilders. We are live in brussels, paris, and berlin. Here in the u. K. Capital, anna edwards is in berlin. Westminster. We will bring you Global Coverage throughout the show. Lets get you more on those dramatic moves. We have three boards to get through very quickly. It has been brutal. We know from traders that they havent slept. 700, but the ftse is above that mark. We had mark carney saying he is ready to act and providing extra liquidity. That has put a little bit of a safety blanket on the ftse 100. This is a picture for europound. This is a very clear bid on to some of the havens. We are seeing losses like we havent seen since the financial crisis. We havent seen it
Down by a full percentage points. You have to say, what is happening on the continent, the pain more acute in mainland europe. David we were looking at this before, was you put this in the same and once you put this in the same currency, rebates, everything going into the dollar, and you will see why this next board is important. The town has been battered pound has been battered, down by over 8 . That does not look as dramatic. And this was have been in the market swiss have been in the market. At. 07 and we got down on the dollarthe yen, trading down by nearly 4 . Jonathan bring up the bonds. Yields on treasury grinding got to alltime lows. Points on the session. And for me, you spoke earlier, the idea that they could use lose a triple Credit Rating in the United Kingdom. This is down 33 basis points. We talked about it being more acute on the continent. I believe it is down 12 basis points, 20 basis points on a 10 year yield right now. David it is a sovereign, so the effect is much
David and how is he going to pay for it . The United States is a little bit behind the u. K. They are on their second female Prime Minister. Alix glaxosmithkline ceo andrew witty and tom fanning will join us to break down all their earnings. I turn to you and say it is all about fx. Jonathan what captures risk sentiment that are then dollaryen in the fx market . Tn back with a 105 handle. Firmer, apple helping do that in the United States, and equities firmer in europe as well. Fifth straight a day of losses for crude, down 244. 37. Down to 44. 37. You might forget that today is fed day. A lot to discuss. Alix what matters more, the boj or fed . Lets check in with our Bloomberg Team for indepth coverage of all of our stories. Carl riccadonna on the fed as it wraps up its policy meeting as well as Matthew Cantor men on in europe aschael Deutsche Bank signals deeper cuts, and megan murphy in philadelphia. Jonathan lets begin with coverage of global Central Banks. We will have a more inde