Congress is negotiate its next round of Coronavirus Relief for the economy and weve seen a stunning move in oil crude was higher by 2 now down 9 as we await the final details out of the opec meeting. Energy sector now word on the s p. Yeah, been a real reversal there. Coming up on todays show, dan niles tweeting a warning about the rally. Hes going to join us with the risk he sees at these levels, plus, well speak with max levchin. Well ask what his micro loan customers are buying amid the shutdown and his read on the state of start ups right now lets focus on the big stories were watching today though. Steve liesman has detailes on te feds big moves and kayla is following the battle for more stimulus on capitol hill but steve, were going to go to you first to talk about the fed. Yeah, morgan, just quick moves the fed has announce nd the last hour. The its reduce uing the purchases of treasuries and mortgages. Treasuries down from 30 to 50 billion a day. Down to 15 from 25 apparently,
Welcome to daybreak europe. We will see a little bit of selling in the asian session. A lot of read on the screen. Rates of korea cut kept rates unchanged, but cut its Growth Outlook. The bloomberg dollar index, we have seen an eightday winning streak. The sixthweek high for the bloomberg dollar index. Steady as she goes. Taking a look at equity markets in terms of u. S. Futures. The markets were closed for thanksgiving yesterday. Stock and bond markets. Futures under pressure for a second day. We saw europe close lower, too. Oil, just a little weaker, but it is heading for a fourth weekly gain ahead of the opec plus meeting. Opec and its allies are expected to extend the current supply pack rather than deepen those reductions. Following president trumps signing of the hong kong bill, there is one big question left unanswered, how would china hit back . The Foreign Ministry has issued a threat of retaliation, but they have been vague on details. Beijing will set the future course of tr
Time now for global exchange, where we bring you todays market moving news from all around the world, from hong kong to berlin, dubai, new york, and washington. Our bloomberg forces are on the ground bloomberg voices are on the ground with todays top stories. Boeing and airbus will go dubaiohead at the annual airshow. We will be talking about may be the first next year, possibly even a bit longer. But in the end, i will repeat the question, the only entities which will sanction the flying of these aircraft are the regulators. It is not boeing. Alix for more, our correspondent joins us on the phone. Walk us through some of the big take away from the dubai airshow and some of the surprises. Reporter thank you. A maxlly, boeing secured , the biggest order after a drop. Version ofse, the the max has been [indiscernible] 8 secured the 737 max from a supplies only character in the uae. [indiscernible] airline, ofsister emirates airline, which makes it the second largest customer for the 737
To a weaker dollar and higher yields across the globe. Time now for global exchange. We are going to bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with this mornings top stories. We want to start with the breaking news in the u. K. The pound is strengthening against the dollar on brexit optimism. Francine lacqua is live at westminster. Give us the lay of the land as we start trading this morning. Francine i have to say, you are absolutely right. You have to look at the currency. Theres this renewed optimism after a lot of ministers say they will be able to pass this first, we dont know whether Boris Johnson will be eight able to push his deal once again through a vote in parliament. Cow in the past has said no because this is the same deal. We could have various moments forcing the Prime Minister to ask for a referendum or forcing the u. K. To stay in the customs union. If it gets amended, word on the ground is that the Prime Mini
Testify on the stability of the Financial System. You are watching live coverage, here on cspan3. Committee on banking and urban affairs will come to order. Secretary yellen has been flexible with the schedule. We had to change the time from yesterday to today. She has to leave at 11 30 and we will respect that. I will enforce the fiveminute rule on myself and everybody else. Thank you for understanding this. For a long time it has been clear what gets rewarded on rall street wall street. Bigger profits mean fatter bonuses and then we end up with a wall street culture that ends up glorifying seeing just how much they can get away with. When their bats fail, the taxpayers in our Community Clean it up. That is what fiascoes boil down to. It leads to an economy of excess and a shrinking middle class. That is how we got east palestine. And the ceo of stellantis making three times what the average worker makes. We saw that plan play out with poorlyrun banks putting profits above Risk Manage