Lunch. The crypt o hits the fan im Tyler Mathisen the dow down and off to the worst week in two years. Energy is getting walloped apple shares on pace for the worst week in more than three months bond yields, this is the story, folks of the week. Maybe the story of the year. The 30year bond yield now above 3 highest level since march. The benchmark ten year jumping to a fouryear high above 2. 8 Steve Liesman is the man and he is joining us for the hour thanks, tyler im steveliesman we begin with the market, selloff concerns about Rising Interest Rates a big reason why. Bob pisani is at the New York Stock Exchange where weve just crossed the down 400 park. We bottom but the bad news is were not rising were sitting near the bottom and paralleling the 10year yield. We hit the highs about 2. 85 that was about 10 00 eastern time and that was when the market essentially stopped going down you could see it moves sideways. Take a look at the s p 500 and weve been moving sideways since 10 00. B
Testifies before the House Agriculture Committee wednesday. This is two hours, 15 minutes. Good morning. This is a hearing on the committee of agriculture for oversight by the u. S. Department of agriculture will come to order. Ive asked Rick Crawford to open us with a prayer. Thank you mr. Chairman. Father, i bow humbling before you. Thankful for this country youve given us and, father, mindful of the great responsibility that youve charged us with. Father, just ask that everything that is said and done here today be pleasing in your sight and we ask that you help us to be civil in our discourse and discerning in our comments and dialogue. Father, i just pray it all in jesus name. Amen. Thank you, rick. I want to thank the secretary vilsack for coming to be with us this morning. He has a horde stop at 12 15. He has cabinet responsibilities to do. Mr. Secretary, thanks very much for being here this morning. Be careful on your knee there on your on the table. I want to say at the start
Anna a very warm welcome to bloomberg. It is a break europe. I am anna edwards in london. Manus cranny is over in dubai. This time yesterday we were watching the 10 year yields trying to get up to 2. 5 . It is currently at 2. 469. We need to focus in on the options yesterday. Was 44 billion of paper brought to the market yesterday. We traded up to 2. 5 . If the dollar continuing to march higher . Pausing the bond market will the bond market pause . The demand for threeyear paper was the lowest since 2009 but the demand for 10 year paper that jumped up a little bit. 2. 39 . You are seeing the complexion of the buyers and the seller straight the big question is has the bond market selloff run its course . Look at the japanese government bonds this morning. 30 year government bonds in japan. At. 80 . Up the marches the highest since march 2014. Are there sufficient buyers out there . Trade been reflation placed in . Riced in . Ace let anna let us put up the risk radar. Equitytouch on the
With a Trump Presidency looming and oil marching higher, what are the risks . For next year . 24 hours in trump land, the tweets, the torpedoes and what is in store for business. All of that. Matt miller, what are you doing in copenhagen . Matt i am here to interview the ceo of the company taking part after al consolidation cratering of shipping fees, now hoping to get Pricing Power and start to get some upward momentum. At the same time, Donald Trumps trade policy threatens to torpedo that momentum. Ceo of hear what the Moeller Maersk has to say. Guy looking forward to that. Matt will give us his take on the markets this morning in copenhagen. Lets talk about where the markets are right now. This is the gmm. Yesterday, europe a little softer. Equities in europe a little softer. Am what isp an i happening. My sense is the markets are waiting and watching to see exactly what the fed delivers later on. A lot of news out of italy. The moment, on my wfi telling me nothing big at the getgo.
Also hear from an attorney with the Natural Resources Defense Council and head of nuclear institute. Hearing expected to start in just a moment. Chairman is about to sit down. We should see the gavel come down here in a moment. Live coverage on c span3. Good morning and welcome to our hearing legislative proposal to advanced the use of Nuclear Energy. I want to thank all of our witnesses that advance and ill be introducing each of you before your fiveminute opening statement, but we want to thank marvin fratel for the great job he did at the Nuclear Energy institute and i think its plan to go on and look at other challenges at the end of this year, so were delighted hes here. He served as neis president chief executive order since 2009 and has long and distinguished year advocating for the Nuclear Industry. Nuclear energy is an integral part of our industry policy. The Current Fleet roughly 100 operating Nuclear Power plants safely and reliably generates about 20 of our nations electri