Dow and about 11 higher than the nasdaq. Lets check in with our reporters. I would like to take a look at one area of underperformance, china tech. Down 2 , lower on the open. But, around the time of the scoop and those headlines, the fact that tariffs will still be in place after the president ial election. Netnet, the worst day since september. Even to the untrained eye, this is somewhat absurd. Unlike u. S. Stocks, not going higher. There was a period of time when these were above the 200 day moving average. Over the last few months, gaining well more than 25 . A very overextended situation. Sometimes, these things go further than you think. There is good reason to think that we will see a reconnection at some point back down to the 200 day moving average. One group that sort of weathered this mini selloff was transportation stocks. Dow jones transportation average gained about 1 . It broke out to the highest level since october. Delta airlines gain a than 3 . Earnings came in well
Up 1. 4 . It has definitely come off its highs of earlier, and the u. K. 10 year yield down two basis points. In the u. S. , we have erased most of our gains, the s p 500 and the dow in negative territory. The nasdaq is pretty much unchanged having seen a lot of volatility. The dollar index is back above 97. Lets get to Boris Johnsons giant victory. HereBoris Johnson speaking in downing street an hour ago. Johnson i frankly urge afterne on either side of three and a half years, and increasingly arid argument, i urge everyone to find closure and to let the healing begin. Guy the Prime Minister speaking an hour ago. David riley joining us in london. We have seen u. K. Assets responding to the news overnight to this crushing delivery victory delivered by Boris Johnson. Furtherense of how much the u. K. Assets could have to run. David i do think there is some room on the upside for sterling assets. We have taken out two important tail risks for u. K. Assets. One was a disorderly no deal br
Low currencyhe volatility. The british pound is stronger, but very fractionally, up 0. 2 versus the u. S. Dollar before the election. Incremental moves on trade. Lets get to the latest now. Bloomberg reporting that u. S. Tariffs set to take effect on sunday will be delayed, according to chinese officials. Meantime, House Democrats said they will back the usmca trade deal and are planning a vote next week. Rep. Pelosi there is no question that this trade agreement is much better than nafta, but in terms of our work here, it is infinitely better than what was initially proposed by the administration. Vonnie House Democrats declaring a win there. For more, lets bring in bloomberg trade reporter shawn donnan in washington. Todays developments on the trade front, how incremental are they . Shawn i think we got one really important big step on usmca. It is a remarkable day in what is a highly partisan washington, when we see a bipartisan agreement on a trade deal. Trade politics are always t
Bigger issue with algorithms. Kailey john legere. Details on that, plus a story about weworks toxic phone booth. Jason and a special summit on security. They have got a new exhibit called revealed the hunt for bin laden. Kailey we have much more ahead on that. We begin with our top stories. In the politics section, it is lights, camera, impeachment. Jason House Democrats count on public hearings to bring to life testimony that has already been given behind closed doors. Here is billy house in d. C. Billy what we saw was some real concern on the part of state Department Officials about back channel diplomacy by rudy giuliani, and evidence, hearsay evidence, secondhand evidence of what they were hearing trump was up to. Kailey billy, whats next, and how long can all of this really go on . Billy well, what is directly next is this upcoming week of four hearings, four separate hearings, including what could be the biggest one, that of Eu Ambassador gordon sondland, who is the one who may h
Ecurity. They have got a new exhibit called revealed the hunt for in laden. Kailey we have much more ahead on that. We begin with our top stories. In the politics section, it is lights, camera, impeachment. Jason House Democrats count on public hearings to bring to life testimony that has already been given behind closed doors. Here is billy house in d. C. Billy what we saw was some real concern on the part of state Department Officials bout back channel diplomacy by rudy giuliani, and evidence, hearsay evidence, secondhand evidence of what they were hearing trump was up to. Kailey billy, whats next, and how long can all of this really go on . Billy well, what is directly next is this upcoming week of four hearings, four separate hearings, including what could be the biggest one, that of Eu Ambassador gordon sondland, who s the one who may have had the most direct contact with President Trump on whether or not he wanted to withhold aid in return for investigations. The House Intelligen