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Carefully and pay a lot of attention to precedent. That is something professor barrett focused on a lot in her scholarship. She cares deeply about precedent and about the institution of the courts. I dont think she would be inclined to move the law very fast . Me a very david in some of the writings i have gotten a chance to look at, she has some skepticism about majority rule. She thinks when Congress Passes look at ithould because if it interferes potentially with individual rights. Tara that is right, but that in and of itself is a very commonly held view by a lot of individuals. Depending on who we are, we care about different rates, let all of us would like a federal judiciary to protect our individual rights from interference. Which things should be left to the political process. This apply to statutory rights as well as Constitutional Rights . We have the bill ....
Market. In the we want to begin in washington, where the u. S. Passed a record 2. 2 trillion economic rescue package. The house will vote potentially on friday. Going this is kevin cirilli. Walk us through some of the highlights here. Kevin shortly before midnight, the senate, in a resounding 960 trillionsed the 2 economic stimulus bill. That puts pressure on the house of representatives to get this done quickly. Theres been some comments from farleft progressives and far right republicans that they may have some issues with this version of the bill. I do not it is about that being enough to significantly stop this from being passed, based upon my reporting. I can tell you that the likely vote will come friday, and President Trump has said he is going to sign this virtually immediately once it lands on his desk. Alix thanks so much. As i mentioned earlier, europe really stepping up its effort to deal with the fallout from the cor ....
10 year. Crude now below 30. And not emphasize enough how much pain that will be causing to producers. To get a sense of where we are in the market, if you switch of the board, you can see some of the heavy hitters within the market, like apple and microsoft, down 10 , 11 . Also seeing bank of america off by 16 . The index which tracks the s p is down by almost 10 . Again, a world of hurt within the next two and half hours. We have some breaking news. The boe is pledging further prompt action when needed. No specifics on that, but they are pledging action as needed. We will bring you anything, any information as they come out. They said the dollar move to combat is there. This is governor bailey. Time now for global exchange, where we bring you todays market moving news from all around the world. From new york to washington, brussels and beijing come our bloomberg voices are on the ground with all of this mornings top stories. The Fe ....
Still attractive but not breaking out. We are going to test 1 . A lot of things have to go incredibly wrong to get down to 1 . 1. 2 on the 10 year, we have to be looking at a global recession. I dont see a resolution on the trade front. I think that continues to weigh on the u. S. Economy. Not a resolution but some progress. The fed will have to come back and ease again. The fed is going nowhere. There has been a tremendous shift easier across the central Bank Landscape in 2019. How can that happen in 2020 . It probably couldnt. Lisa everyone ganging up on bob michele. We have more perspective. Joining me around the table is Marilyn Watson of blackrock, Matt Hornbach of Morgan Stanley and Subadra Rajappa of soc ....
Of ubs investment banking. Kaiser of ubs investment bank. Anything stood out to you so far . This is pretty much as expected. The key is to emphasize there is uncertainty, even though we have the emphatic conservative victory in the election, and we know that brexit is going to happen. Theres still uncertainty about what kind of brexit, and short for the bank of england, we dont know what the fiscal policies of this government will be. There is a little bit of stimulus built into their servitors manifesto which was not taken into account in the current bank of england forecast , but they have room to do a great deal more. If you have a budget in the next months from the conservatives which primes the me, has a lot of stem it economy, that has changes the outlook. Those seven who voted against change probably had that in mind. Alix are you trading cable at all . Stuart todays decision is pretty much in line with expectations. I think the view is the first half of the year you get the or ....