Uncertain intentions and even more uncertain goals. Theres a second group, small group. Honestly theyre willing to plunge this body into chaos and this country into uncertainty for reasons that only they really understand. Voting yes is at the least a disruptive overreaction. In reality its selfish, bad for conservative policies, and bad for america. Those pleas by republicans could not save Kevin Mccarthys speakership. Its a gop civil war as a small group of farright lawmakers joined all democrats in voting to remove him. Well have much, much more from a historic day in the house in just a moment. Amid yesterdays chaos President Biden was reaching out to allies trying to reassure them about americas support for ukraine. And also ahead donald trump is now under a gag order in his Civil Fraud Trial. Well explain what led to the judges decision. Good morning and welcome to Way Too Early on this wednesday, october 4th. Im jonathan lemire. Thanks for starting your day with us. An extraordi
U. S. Futures, bond futures are lower. Youll see what is happening across the bond space. Another day of yields melting higher. We could see a 12 week in the last 14 of bond pain. Yvonne we are set for three years of losses. David the 40 bit on the 60 40. Rishaad is it 60 bonds now . David 100 loss is the joke. This is the pain point. Rishaad the 10 month highs. 91 books. It seems we have a clear path to 100. It is going to be key. The Saudi Energy Ministers talking in calgary later on to their talking about ned zero. Saudi arabia, ned zero. Net zero. Russia also involved in this. Commodities elsewhere also in the fray. We look at what is going on. Rising iron ore. Is it hope, expectation or reality . We are seeing signs of china stabilizing. Is that what is the driver . Yvonne is it going to break this disinflationary trend we are seeing across the world is one key question Central Banks are going to have to talk about. The fed, they are not going to do anything. The pause is all but
Shery you are watching daybreak asia live from new york, sydney, and hong kong. Annabelle asia is major market opens. Haidi a big week with centralbank decisions in focus and the dollar is slightly weaker in monday trade. Michelle bullock is taking charge of the rba. Fresh tests ahead for Country Garden with deadlines for bonds. Shery u. S. Futures with a little upside after stocks fell in new york on friday. S p 500 had a weekly loss and nasdaq 100 fell 2 . We are watching many things including triple witching options expirations and anxiety over the fact we do not know how long the auto sector strike will continue and data showing new york and you fracturing unexpectedly expanded with treasury yields gaining across the board with two year yields holding at the highest level in 16 years and Oil Prices Continue extending gains over 90 a barrel after three weeks of gains already it is the supply outlook and reports we got last week including from opecplus that we might see a deficit for
He called their eforts a righteous fight , while insisting that all options are on the table. National union ship will determine the appropriate targets and timing for further Stand Up Strike action. This is our generations defining moment. The money is there, the causes righteous, the world is watching. In the uaw, we are ready to stand up. This is our defining moment. Lets take a quick look now at whats at stake, and whats in play for all 146,000 Union Members to walk out over time. Among the unions demands includes a 36 percent Wage Increase over four years. Automakers have responded with Wage Increases ranging from 17 and a half to 20 percent over a 4 and a half year contract. Speaking before the uaw announcement ford c e ojim farley told cbs news the Wage Increase demands are unreasonable. Weve always got something that is good sides and i dont know whether its good faith on good faith it is just disappointing and so devastating to so many of our employees. 0ur correspondent Mic
Finance minister. From new york, i am alix steel with guy johnson. What do you got . Guy the two year yield dropped and Inflation Expectations come down to 3. 1. The headline number drops to 67. 7. The summer frenzy is over will that have an effect . What does a Government Shutdown due to these numbers and what does the uaw strike due to these numbers . Alix you said post taylor swift because thats not nothing in oil now is around 90 a barrel and gasoline prices are inching up as well. How will that decrease Consumer Confidence within the u. S. . You mentioned the auto strike. Its starting off and its one of our big stories. The uaw workers striking to get against the big three automakers. Work has stopped at various plans. Joining us is david westin and mary barra, the ceo of General Motors. Dani for our audience, we welcome mary borrow. You where the woman of the hour whether you like it or not. What comes next . We know there are individual plants that they have struck at. How far a