Welcome to the exchange, everybody. Im kelly evans. We just heard from fed chair powell speaking at the Economic Club of new york for about the past hour or so. We saw yields initially moving lower from their 16year highing and then reversing higher again. The former dallas fed president is here with me. He says the bond market has stepped into the drivers seat and powell aint in charge any more. Well get he is reaction in a moment. This afternoon, we have seen the dow hanging on to a gain of 111 points, up a third of a percent, up a quarter percent for the s p. Up a little less than that for the nasdaq. Over in the treasuries, thats where the action is. The tenyear yield during powells q and a portion hit 4. 996, thats how close we got to piercing 5 on the tenyear. You can see the 30year above that level, as well. Oil was lower earlier on, on that news of the u. S. Lifting venezuelaen sanctions. Thats a 2 3 percent gain. Gold as well, now turning higher by half a percent. Lets get mor
Outlined in carefully choreographed testimony today how he boosted donald trump in his tabloids, how his entire apparatus blasted trumps rivals blatantly bogus stories and how he struck and off the books packed with trump to bury stories to bolster his 2016 election chances by Bamboozling American voters. The former trump friends, but two plus hours on the stand today as the former president was there glaring, as you can see here in this court sketch from across the room. And what marx, a no doubt about it betrayal for the politician who most prizes loyalty and new tonight, donald trump is again testing the limits of what he can say and how far he can push the judge who is presiding over this trial before he is actually punished. Now in a new interview, trump is committing what looks like and sounds like a pretty clear cut violence relation of that gag order that restricts what he can say about some of the main characters. In this case, who witnesses such as former fixer, Michael Cohen
Power took another hit as Mitsubishi Materials admitted to falsifying data. They falsify data on goods that may have been delivered to do under 50 customers. Shares plunged the most in 18 months. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Lets take a look at the markets where hong kong and china are currently closed for lunch. In the morning session, hong kong hang seng showing up the market consternation in china. Back in half an hour. This is bloomberg. Welcome to best of Bloomberg Markets middle east. The major stories driving headlines, the corruption crackdown continued to superriche, saudis stashed their cash, just in case, even if they had not been implicated in wrongdoing. E calls time on his 37 year rule. And Global Equities hit record highs yet again. But does the sale of the da vinci for forgery 50 million paint a picture of the market over exuberance . We hear from one Senior Analyst who thin
Over exuberance . We hear from one Senior Analyst who thinks alarm bells should be ringing. The oil market year it for the much anticipated opec meeting, which takes place november 30. Saudi arabias Energy Minister has told bloomberg the cartel and its allies should announce an extension of their output curves when they gather. Russia has not sounded quite as convinced. We have more with our guests and our reporter. I have a chart that i think encapsulates what we have seen in the oil market. This is hedge fund short positions and brent. The red line is the short position just beginning to pick up. It does not look like much. Are we seeing some investors take profits off the back of the big rally in oil . Or does this mean some people are doubting the strategy we just heard about from the Saudi Arabian oil minister . We were seeing the longs increasing last week. People will try to balance their books. What you saw from the saudi minister has been trying to minister manage expectations
Predominantly muslim countries from entering the United States. The safety of the American People and the security of american homelands continue to be the president s top priority. Welcome in, judge kneel gorsuch named to the supreme court, but out the door, was the president S National Security advisor, Michael Flynn as well as chief of staff. Press secretary sean spicer, chief strategist, steve ban on, and Communications Director anthony among others, in the spring the president fulfilling a campaign pledge. The United States will withdraw from the paris climate accord. And another in the fall. It is time to officially recognize jerusalem as the capitol of israel. Mr. Trumps response to deadly clashes in charlottesville, virginia, further dividing the nation. I think there is blame on both sides. As did his decision to end the controversial doca Immigration Program leaving it up to congress to extends fierce over Nuclear Conflict with force korea escalating a mid the back and forth