Welcome to Bloomberg Markets. Before we get to that we have the bank of canada. Guy a bit of a nonevent. 5 matching. Im curious to see what ted macklin has to say though. He cannot make the same mistake he made in january. He cannot say we will pause, i think they will avoid that this time around. It will be interesting to see if the ecb and the bank of england make the same decision. How they are hawkish but keep pausing at the same time. We are near the top of the cycle on Interest Rate. But the sentiment is strong. Alix yields are popping lets get to that with michael mckee. Mike it matches the Third Quarter gdp. Services come in at 54. 5. That is up from 52. 7. New orders rise 50 75 57. 5 from 55. Unemployment rises but it is too late to use that in terms of forecasting the august payrolls but it it was 54. 7. Supplies are easing under the weather a little bit at 48. 5 but 48. 1 was the previous. And prices paid 58. 9 compared to 56. 8. Questions asked about if we see the economy f
Major averages are lower. Dipping dealing as low as a 1 decline, but all three still lower as we have concerns about Central Banks effectiveness in fighting global slowdowns. Not giving aspan much stimulus as had been anticipated. Franko heard from the fed kaplan who questioned the effectiveness of monetary tools or the difficulty in using monetary tools. If you look at the threemark ix, itmonth chart of the v shows it is the highest it has been going back to the period surrounding the u. K. Vote to leave the european union. If you look at other assets, the is seeing an uptick or gold futures are rising for the sixth straight session, and crude oil futures are trading lower. That is how this macro view is playing out. Lets go back to stocks. Transportation a huge drag. Delta going down after unit valley value fell. Royal caribbean lower after its earnings report, and forward, not technically in the transportation average, but it makes stuff that gets you place. They came out with july
The u. S. Trading day. Julie hyman has been tracking the moves. S p on track for the biggest loss in a month. Backtoback declines in more than a month. Down for seven straight sessions. It has still been a pretty tight trading range for stocks the past couple of weeks even with todays decline. We had been moving incrementally higher. One of the things putting pressure on stocks today is oil. Energy stocks had been holding up their games but now we are seeing below 40 a barrel. We will get the weekly Inventory Data from an Industry Group after the close today. From the government the official data tomorrow morning. 500of the groups in the s p are now lower with the decline in the oil price. Technology shares also putting pressure on stocks today. Apple was downgraded. Samsung is introducing a new phone today about a month before apple is expected to introduce its next phone. We are seeing facebook and amazon decline. There is a story today about the uber sale. Interesting take as we see
The productive use of Americas Energy resources in this congress and where we will be able to capitalize on our countrys energy prosperity. And i am excited and looking forward to an open amendment process where we can do our jobs where we can offer amendments where we can debate those amendments. And most importantly where we can vote, because that is the only way that we are held accountable to our constituents, the American People. Thank you mr. President. I yield the floor. A senator mr. President . The presiding officer the senator from minnesota. Mr. Franken mr. President i ask consent that senator newer if i be that senator murphy be recognized for five minutes following my racks. The presiding officer thank you. Mr. Franken thank you. I also ask that a fellow in my office be granted floor privileges for the remainder of the 114th office. The presiding officer without objection. Mr. Franken i rise to talk about an amendment i coauthored with senator murphy and senator manchin. O
That big in the Climate Impact is not that big. Do you agree with the people that believe this debate is not as big as it is . Do you think it should be the first bill that the senate is pushing with republicans in control . First off, not only have you been aware of this project for six years, but you have been out to north dakota to see firsthand what is going on. It is a bigger issue about building the Energy Infrastructure to be energy secure. I like to refer to it as north American Energy security. We produce more energy than we consume. Consumers are reaping the benefit of it. If we equated that to consumers the point is when he to build the Energy Infrastructure to have the kind of energy plan we are building for this country for north america read at is what this is about. The opponents are trying to block it. It is not just this project. It is the bigger picture. Do you think the low oil prices presents an opportunity for congress to pass a variety of measures that might be hi