There is a little bit of a downside on the stoxx 600. Eurodollar, little bit of an improvement there. Coming up on bloomberg surveillance, we talk european growth. To our man from jpmorgan. Then we talked to teri haynes. Of the get a preview state of the Union Address. A lets get to the bloomberg first world news. Nejra the house of representatives has committee has voted to get clearance to release a republican memo. It alleges bias. Say thetive republicans investigation to come in ties to the white house are under false pretenses. For the first time the 10 years or so i have been on the committee, there is a vote to politicize the declassification process of intelligence. That would could potentially copper my sources and methods. The u. S. Secretary has announced a list of oligarchs in russia with ties to vladimir putin. It includes 96 oligarchs. Willmed will not all not automatically face in the sanctions of inclusion may cause banks not to do business with them. There is fragility
Earlier down about 0. 1 . Not so long ago down 0. 4 percent and perhaps of the continuation of yesterday selloff and loss of uncertainty to deal with and the headline that vicechairman of the Federal Reserve resigning and looking at that on the market in a moment. In terms of the underperforming relative to the nasdaq and it has the higher momentum stop that react more so on a risk offer and today is not really risk off but you would think so. Look at apple down after yesterdays 1 decline. Investors taking profits on one of this years top stocks and expedia is lower by 3 after , loadedvo trivago their full year profit. Nonetheless, one of the big drags and tesla is down more than 1 after nissan has released its first refurbished electric vehicle and seven years saying they will double cells and giving tesla a bit of a decline. An intraday chart and we are going to see the trend is down. This is about a 7 range and not too big. When the announcement came that Stanley Fischer is resignin
Harvey to the debt limit was feasible. They wanted something longer, particularly with the debt limit. It is interesting we are seeing this. We will have to get more information on it in terms of where we are in this process. Michael you have got a fiscal clip built in there. When there is not the deadline pressure. It will create an artificial deadline to do something, that the markets will be focused on. Julia lets bring in terry haines, the senior political strategist. Great to have you as well. You laying out all the different possibilities of the individual pieces and the likelihood of these things happening, what do you make of the suggestion that they managed to agree on several of these, whether it is the eight, the debt limit, and the continuing resolution . Terry haines i am not surprised. As we parse through it this morning, what i saw was a confluence of interest and when a confluence of interest happens in a republican democracy, things usually happen. What you have is a s
Would you spend 1,000 bucks on a phone apples iphone 10 has facial recognition, and well discuss whether the high price tag is worth it and sorry doesnt always cut it shares of ek we fax sinking again today. Sinking again toq todau sinking again todai sinking again todaf sinking again todaa sinking again todax sinking again toda sinking again today something we will ponder coming up later here. But we begin today in washington and the latest push for tax reform kayla touche has a timeline coming from House Speaker paul ryan today bill, well get that in just about ten days thats what texas congressman kevin brady who chairs one of the key committees writing the plan told his colleagues earlier this morning House Speaker paul ryan said that that framework will reflect the broad areas of agreement where the white house, the senate, and the house have all come together, but that any efforts to reach a broader consensus among all republican lawmakers would happen after that this is really t
Wall streets rally set to continue at the open. Futures pointing to some new records. Plus at north korea continues to strength threatening missiles making it first major deal. Its going to buy missile and rocket maker orbital. The Credit Agency new of an Online Security flaw months before that massive data breach. First up, stocks are aiming to set some new record highs after the s p hit 2500 for the first time ever. Dow coming off a fourth Straight Record close capping its best record week of the year and the nasdaq posted a record high on friday. All of that jim as were on the lowest volatility over four days in the s p ever. I think a lot of what happened last week as the algorithms were just befuddled. We had this moment where there was peak transport, all these groups are really roaring. We do not understand i spoke with insurance people this weekend. I dont think people realize how much money is coming with the rebuild. Theres just an incredible number of every car part company.