Futures trading was halted yo ed overnight. If were down 7 , you halt for 15 minutes down 13 , you halt for another 15 minutes if down 20 , you halt the remainder of the day some people wonder how long we will be trading at the open. Yeah. Look, i think the problem is twofold no one thought oil was coming. Theres a very, very different approach by some to whats happening with the virus some people are saying not enough others are saying, listen, were making too much of it. Im in the distinct not enough camp i come back and i keep thinking about david tepper and what he said to me at the super bowl i dont know if we have that i think we do is the booth ready on that going back to midfebruary early february day before the super bowl i came back and have never been the same i know people have accused me of being fear mongering for weeks now. No, i think im realest mongering. Were trying to back into it, you have to try to figure it out. Ruined the environment of the setup right now. Whats
Australia, im heidi in sydney. Im Annabelle Droulers in hong kong. At the top stories is our, a low open with the fed walking a tight rope ahead of cpi. Investors awaiting Economic Data from china and japan. Heidi inflation returning to target by year end. An interview with jim chanos in a minute. Annabelle President Biden quadrupling tariffs as a preelection defense of u. S. Workers. Haidi take a look at how we are setting up. Futures on the back foot. A sx 200, third week of gains following the games of the past few sessions with the data supporting the goldilocks scenario. Sluggish set up after a disappointing china data, heavy weight when it comes to the factors we look out for. Chicago nikkei futures are flat. China futures not moving much, but we got signs of slowing economy and credit data signals continuing weak demand. Industrial price extending the klein. Front and center is the credit shrinking for the First Time Since april as we see demand week in china. Annabelle a big qu
Crew touching 95 a barrel. 4. 6427 is the new cycle high. Tom this thursday is more tumultuous than monday through wednesday. An equity pop at the back end and we are short covered. And the optimist will be here with us in a little bit. You have to reset and recalibrate. There was a moment yesterday and let me get out the surveillance mouse and tell you that we had a 2. 30 10 year real yields. I did not frame that six months ago. Jonathan the equity market is kind of a snooze. Bond market huge moves. Fx one point four briefly against the dollar. The dollaryen getting closer to 150. Lisa that is exactly the right observation. Why are stocks so subtle and why are they not responding to the markets. Is there just simply a paralysis, or this is forced selling for funds that do not have a big position. At this point are we looking at some unraveling that is gaining steam that nobody wants to get in the way of. Tom i am going to when mike mckeen gives us the gdp blah blah blah, but there is
The speaker pro tempore on this vote the yeas are 233. The nays are 187. The resolution is adopted. Without objection, the motion to reconsider is laid on the table. The speaker pro tempore the house will be in order. Members are advised to take your conversations from the floor so the house can be in order. The speaker pro tempore once again, the chair would request that members remove their conversations from the floor,. Lear the aisle pursuant to clause 8 of rule 20, the chair will postpone further proceedings today on motions to suspend the rules on which a recorded vote or the yeas and nays are ordered or on which the vote incurs objection under clause 6 of rule 20. The house will resume proceedings on postponed questions at a later time. For what purpose does the gentleman from texas seek recognition . Mr. Burgess mr. Speaker, i move the house suspend the rules and pass the bill s. 652. The speaker pro tempore the clerk will report the title of the bill. The clerk senate 652, an
Mean big gains for democrats in this years elections. Market makers in new york city. Super bowl time for us. They earnings. Nobody loves banks more than a eric and ive. We have heard from jpmorgan and wells fargo, two very different stories. Scarlet fu is in the newsroom to break data numbers. Jpmorgan, their three year streak of record earnings has come to an end because a lot of onetime items. There is a settlement tied to bernie made offs ponzi scheme. Analysts like to call it a noisy quarter when you strip out some of those onetime items, jpmorgan reported a profit beat of the dollar or descends us versus the consensus of 1. 37. They profit beat of 1. 40. A rain check on commenting whether they would have a decline in earnings. What we learned from the Earnings Report in the Fourth Quarter of the treaded friends continuing to improve at jpmorgan even though trading revenue and equities did mi mis. Investment banking fees were higher than anticipated thanks to an increase in ipos a