Permeate. It has largely been driven by the concern that we dont have a handle on the virus and we dont have a handle on a solution for this difficult situation we are now seeing involving washington. It doesnt seem to be at the moment a landing zone for the democrats and the republicans. They are significantly far apart. The fact that you heard such partisan briefing suggests we are no closer. Thender at some point markets will have to shift from focusing on the dollar to shifting to other Asset Classes as well. That has been something we have been watching very carefully over the last few days. We have been watching carefully what has been happening in europe. Offpean equities are sold because of the resurgence in the virus count. That doesnt make sense if you believe that we are going to see a story developing in the United States. We will try to get an assessment of what is happening with the economy throughout the program as we continue to watch what happens in the United States.
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
The markets will continue to collapse and will have to sit down with senator schumer and my suspicion is that any negotiation with the democrats will include none of the reforms that we would like to make both on the market side and the medicaid side. So for all of those reasons, we need to come up with a solution the American People elected us to do that and were working hard to get there. Heather mike emanuel is live for us on capitol hill. Good morning. Senate Republican Leaders are hoping to make significant progress in the coming days. It will be voting on Health Care Reform after the fourth of july recess. As you mentioned, there are at least nine republican senators opposed to the bill as of late yesterday. One of the conservative critics talked about repealing the very worst parts of obamacare. Lets repeal that, lets narrow the focus, but lets not create some new superstructure of the federal government involvement. If that includes democrats, lets do that and conservatives con
One way or another, these problems will be solved. Im a Problem Solver. In the end, we will win. Jon we have fox teen coverage with john roberts on the latest of elements out of the white house. First, lets go to National Security correspondent Jennifer Griffin whose life at the pentagon. Jennifer . U. S. Military officials tell us there are two aspects of the president s strategies that are new. There will be no timetable for withdrawal and u. S. Troops will have restrictions removed about how far down they can embed to call an air strike. Thats not too different from what president s have tried in the past. President trump is going to try to hold pakistan and india accountable and end of the use of safe havens in pakistan. Its not as though this hasnt been tried before and money it has been withheld from pakistan in the past. Its not clear that new leverage the president has a Nuclear Armed pakistan. What is clear is trumps military advisors convinced him to keep the u. S. And pakist
Despite 20,000 miles, five countries, 13 days, the president has up early tweeting at 5 40 this morning. Although he has no Public Events today. That means we have to wait until at least tomorrow for this promised big announcement. During the trip to asia, the white house said the president would make a decision on whether or not to declare north korea a state sponsor of terrorism. It would have major ramifications about what the u. S. Government can do as related to north korea. We dont know if thats the announcement. The chinese are sending an emissary to north korea just after President Trump left the region. For the white house this week is a short one with the president just returning but not short on distraction. The president has yet to give any kind of comments about the latest allegations against roy moore and whether or not he would pull his support for the Alabama Senate candidate or perhaps support someone else. A Senior Advisor today making the point very clear to me that