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David time for our daybreak first take. We discussed the top three stories of the morning. First up, equities on the rebound. Second, the outflows from the bond funds. Rd, dreamers did not third, dreamers. They did not get to an agreement in the senate. Michael mckee, we want to start with u. S. Stocks. We are back where we started the year, despite the turmoil. U. S. Stocks are where they started the year. Much. An stocks, not so they have lagged behind. Are we in the midst of a rate hike tantrum. We had seen a thin reaction. There are two points here. Performance in five years, that is silly. We went down, we went up. If you are looking at this, you the to see, not so much absolute level, but what kinds of things are being bought and what is being sold. Other assets are highly risky. Did come in and clean out the safelyso you can more move up. Make the case that equities can still rise. What happened the last couple of weeks, was it a tantrum or did weeks the constructive moves . Has ....
Hear what the Federal Reserve says about Interest Rates after wrapping up its today policy meeting. Its twoday policy meeting. A survey by bloomberg put the odds of a september increase at about 50 . In china, a late rally in stocks. The composite the shanghai composite index rose 3. 4 halting a fallen a fallen one at 11 . The government reports Oil Inventory figures a few hours from now. The congressional review of the Iran Nuclear Deal is entering a new phase today. Managers will hear from defense secretary ash carter and joint chief martin dempsey. House panel quiz secretary of state john kerry yesterday. The more jack dorsey kept talking, the more twitter stocks fell. Down as much as 14 premarket the stock went up yesterday when twitter posted secondquarter r ....
New york. We need to take stock of the fact that not only is there a president a new Prime Minister and the u. K. , the second female, but this is a new era. She will go to brussels to renegotiate and try to extract the u. K. From the eu. Tom you are right, the idea of a new era. She would not she was not leave. She . As not a brexiter, was francine she was not but she was not one that really campaigned to remain. She stood in the middle and was very cautious. One thing that people are saying and she probably has to pick someone to negotiate who was for brexit. It is all about theabinet and we may get some appointments at the time we finished today. Lets get straight to the bloomberg first word news. Nejra we are a few hours away from a changing of the guard at number 10 downing street. Davidh Prime Minister cameron will face questions and the house of commons for the last ti ....