We will ask. Bear in mind its a volatile market. Who knows how we will close today. Now, heres the really big reversal. Yesterday, that key interest rate, the tenyear yield, had dropped to 1. 59 . It was a massive move. Now its 1. 73 . A massive move in the opposite direction. Heres the question. If that bond was a safe haven yesterday, why is it not today . We will ask. Breaking overnight. I. C. E. Raided Food Processing plants in mississippi, apprehending 680 people believed to be illegals. The left is all over this one, describing the arrests as horrifying and horrendous. Mississippis governor will be on the show later this hour. Lets get right at it. Varney company starts now. Stuart start with the markets. You have to. Another wild reversal. Michelle mckinnon is with us. Tell me, what was that all about . A couple things. I think the market is now pricing in that 10 additional tariff, really wouldnt be the end of the world, because lets face it stuart the reversal. Thats why we re
Off. We are looking at markets this morning, firmer tone. 102 points higher, nasdaq up almost 50 points, all three majors rebound yesterday on trade and currency fears, beijing and washington still in stalemate with china digging in for drawnout fight, pretty good market yesterday, lindsey, your reaction . Yeah, im actually surprised the market is taking everything that we learned through the last couple of days in such good stride, again, today like you said at the top of the show you see the yuan being weakened. Not to the extent we saw sunday night which sent the market into kneejerk reaction. I think what we are seeing the two countries are in it for the long haul and i dont expect us to have any resolution before tend of the year and we go to a point of no return, we go too far and the Economic Impact around the global is really too, too far to come back from. Definitely stoke uncertainty, dagen. Dagen uncertainty that the Federal Reserve cant fix, uncertainty is the greatest enem
Jet powered flyboard. Hello and welcome. Im Christian Fraser in london and jane obrien is in washington. A day after clearing out the old cabinet, Boris Johnson appeared at the commons dispatch box today with a new team behind him and a bold plan in front of him. With energy and enthusiasm, the new Prime Minister painted a picture of a better Brexit Britain the beginning, he said, of a new golden age. The confident style of leadership reflects the settled decision of his new cabinet, and it is recognised in brussels. In an e mail to officials, the eus chief negotiatior, Michel Barnier, wrote, pm johnson has stated that, if an agreement is to be reached, it goes by way of eliminating the backstop. This is of course unacceptable and not within the mandate of the european council. As suggested by his rather combative speech, we have to be ready for a situation where he gives priority to the planning for no deal partly to heap pressure on the eu. Today, the conservative benches lapped it u
Many in the area now concerned about the health risk. A growing discovery in danville. People sharing the worry of what sheriffs deputy say they found in the neighborhood. It is the first day of school for sins eight unified School District. We are live as students and teachers prepare to return to the classroom. Reggie good morning. We have a lot of cloud cover out there. We start out with cool morning. I live look for the a live look from the camera. A quite a bit of drizzle. You begin your morning with temperatures in upper 50s to low 60s. Lets go hour on future. You see patchy fog around the bay shoreline. We have increasing sunshine or away from the coast. We are finding conditions. Later this afternoon we see temperatures close to average but we begin to see high clouds move in from the south. Later this afternoon to the evening, we turn to mostly cloudy conditions. This is a remnant of what was Tropical Storm eugene moving into our neck of the was. Will likely bring Early Mornin
Haidi welcome to daybreak australia. Markets have just come online. Annabelle im Annabelle Droulers in tokyo. We are coming down to asias Major Trading opens and the top stories. Traders await jay powells congressional testimony and the u. S. Jobs report. Elon musk using the worlds richest person crown to jeff bezos as tesla slumps. Paul also ahead, haidi also ahead, the Supreme Court puts an end to attempts to keep donald trump off state ballots. Im Stephen Engle in snowy beijing for the opening of the National Peoples congress. An openin a warning not to invest in china underscores the leaders. Haidi we have breaking news to kick off the hour. South korea gdp numbers coming through on the bloomberg. We are seeing when it comes to the revised Fourth Quarter number, the preliminary number when it comes to seasonally adjusted quarter on quarter coming in line with expectations. 6 10 of 1 higher. The year on year number in line with expectations. The annual gdp for 2023 at 1. 4 percent.