The speaker pro tempore on this vote the yeas are 242. The nays are 175. The resolution is adopted. Without objection, the motion to reconsider is laid on the table. Pursuant to clause 8 of rule 20 the Unfinished Business is the question on agreeing to the speakers approval of the journal which the chair will put de novo. The question is on agreeing to the speakers approval of the journal. Those in favor say aye. Those opposed, no. In the opinion of the chair, the ayes have it. The journal stands approved. The gentleman from california is recognized. Mr. Speaker, i ask for a recorded vote. The speaker pro tempore a recorded vote is requested. Those favoring a recorded vote will rise. A sufficient number having arisen, a recorded vote is ordered. Members will record their votes by electronic device. This will be a fiveminute vote. [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of the closedca
Daybreak europe. Some on the Federal Reserve have repeatedly warned about the appreciating value of the dollar. What has that done to the markets . The dollar is lower against the d10 currencies. Back, and we would go this is what we got. This is the dollar position. At the start of 2016. The market data suggest we are long, but we are no word near as long on this dollar run as at the start of 2015. , dont forgetions the 181. If you go by that theory, there is still the propensity for this dollar to move in syncopation with where the cash price is. About theeed to talk currency market, the dollar being one of the big stories. The yuan being another. Lets talk a bit more about the dollar to emphasize the weakness weve seen overnight. Cutting the bullish positions overnight. Its not normal and one. Vernight trading session the fed grappling with uncertainties about what the trump policy will mean for the u. S. Economy and the stress in the dollar as you mentioned. 35 , youve got to pay 3
Bloomberg it is considering options. Rishaad another official enters the race debate. Uncertainty might mean only two hikes this year. The earnings season. The banks are in focus today. Storyg possibly at a big as more people look at the glass as being halffull when it comes to reflation trade. Haidi if the impetus is u. S. Stocks we seem to be taking that and running with it. Seeing a rebound when it comes to japanese markets. Changes, from donald trump would be nice to have rather than must haves. Something the markets are digesting right now. We are 30 minutes away from the chinese and hong kong open. At howtaking a look things are going. It looks, from donald like investorsnice to are running with that glass halffull idea. We have stocks in taiwan, and malaysia coming online in the green. Malaysia snapping a fourday drop to add 30 at the open. We do have Southeast Asian onrent sees the ringgit the retreat today. The thai baht is down 0. 2 in the korean one also down about 0. 2 as w
Answer. We are working diligently. Anna an warm welcome. This is bloomberg daybreak i am anna edwards. Manus i am manus cranny. A little bit more than 24 hours in article 50 being triggered and you should prepare for backlash. That is what we are being told by various voices. You have never had so good. Another prime minister, this is the brexit or mr. Released off the slate this morning. This is the moment that we voted for, Brexit Brexit in the united kingdom. It dropped below zero. Weve risen in the Fourth Quarter and we peaked out. This is with 24 hours to go until we trigger article 50. Is the moment of bliss in the index over . Anna the closer to blissfully get, when you add those core variables that feed this index into here. We will see where this has with inflation on the rise. Lets put the risk radar and show you where the various classes has been overnight. We put this unchanged dollar index in you to show you the contracts the contrast of what we saw yesterday. We got here
In the United States and the hunt for yields continues. Staples, which hit a fresh high today, but are those socalled safety stocks now the ultimate danger trade . Take a look at that. The pes for the 2016 growth, which is practically anemic. Well, first of all, part of the problem here is were talking about staples. If youre talking about the head wins, if youre staples retarial, you want inflation. Thats going to add to your top line revenue sales. Their core group and the kour households, growth is not there and theres no inflation, so start with that foundation, which is not terribly good. Were in an environment where companies have very solid business models. And they have extraordinary yields. Why shouldnt they trade at a premium. When i look at where we are in the market cycle and if we are late economic cycle, joe yesterday for example, you should own these names and you should own them and you shouldnt be blindly just diving into them. There is relative value in this space. Ew