Walk across the border and you get health care. If youre born here, maybe not. My conclusion this friday morning is that the democrats are badly divided and are now led by unelectable socialists. Why dont we get to the market. Its going up again this morning, triple digit gain maybe for the dow, pretty close to it. Modest gain for the s p and the nasdaq as well. The dow, pretty close to alltime highs. The president meets chinas leader tomorrow. Huge stakes for both sides. The market seems to be saying because its going up that there will at least be a smile and a handshake. Well see. Wait until you see the mayor of new york city praise che guevarra. What will apple do without the designer of the iphone . Varney company is about to begin. It will be a very exciting day, im sure, for a lot of people, including the world. It will be an exciting day. A lot of people are talking about it. Its very interesting. Its going to come out hopefully well for both countries and ultimately it will wo
Points at the s p. The dow up 72 points the nasdaq looking to be higher by 32 points in asia we saw a pull back from yesterdays gains off the china u. S. Trade truce hang seng is off just a fraction over in europe, european equities are mostly higher the dax is up by 0. 8 . Perhaps europe is still digesting the news that Christine Lagarde will head the ecb. The first woman to do so treasury yields fell back below 2 yesterday and remains there right now. 1. 895 the global story here, the benchmark german bund yield has fallen to a new record low, negative 0. 385 right now. It was negative 0. 4 earlier. The italian tenyear has gone from 2. 8 to 1. 7 in the space of about three weeks. Lagardes appointment seen not just in the german bund yield as not potential hawk, she will be more dovish, but someone who can operate politically and avoid a clash on the italian budget. Both appointments being European Commission president and ecb president being german and french shows the power brokers,
Caroline im Caroline Hyde in new york. Ed and im in san francisco. Caroline tesla asked its investors to approve a pay package. Ed chipmaking orders dive at asml. Our chip stockpiles back . Caroline we will bring you into a conversation with the French Company a toss. In the equity market pulls back a little bit from where it had been. Nevertheless we see bond markets outperform, currently seeing a 20 year yield down to, three basis points. Moving on and looking on the world of crypto. Its been on the downside as the u. S. Dollar is falling. The first time in six days we saw the dollar give up strength as we digest what has been a slightly more hawkish of. Risk assets are still cautious out there. Ed tesla continues to dominate headlines. Down for a fourth straight session. The stock is trading at its lowest level in almost a year and i dont think this has to do with the headlines on the bloomberg terminal. The idea of incorporating in texas, thus about the downward pressure. There is
Well be hearing from musician and tech entrepreneur will. I. Am about his latest venture. A warm welcome to the Programme Briefing you on all you need to know in global News Business and sport. And you can be part of the conversation. Bitcoin pushing towards 17,000 dollars. Would you put your hard earned cash into it . Or is it all about to go sour . Tell us what you think just use the hashtag bbcthebriefing. It looks like things are moving at a pace over brexit. The british Prime Minister theresa may is expected in brussels within the hourfor a meeting with the president of the European Commission, jean claude juncker. It raises expectations that talks overnight aimed at meeting the concerns of the democratic unionists on the status of the irish border after brexit were successful. The dup is the main party in Northern Ireland and theresa may relies on their support to keep her in power. They rejected the wording of the Draft Agreement earlier in the week as they resist any steps whic
60 points after the dow closed at a record level yesterday. The s p closed lower yesterday all the major averages moved off the highs of the session this morning the s p is indicated up by 5 points the nasdaq up by 10. This came after the feds decision and after if looked clear that Republican Leaders reached an agreement, at least in principle, on where theyre headed with the tax bill well talk more about that green arrows across the board this morning in asia, the nikkei looked like it was down by a quarter percentage point similar declines for the hang seng and shanghai. This morning in europe, with some of the early trading, you will see that there are some declines across the board. The biggest loser is the dax down by a half percentage point. Cac in france is down by 0. 4 . We have the bank of england and the ecb going to be releasing some policy statements today check out crude oil prices which were lower yesterday crude oil at 56. 59 couple of big economic reports on the agenda