Overnight that washington could be delaying easing up restrictions on huawei as part of the trade war deepening tensions potentiallimentpotentially ment and we have the s p 500 and the dow coming off some highs yesterday. Overnight in asia, we had some interesting news out of japan. Theyre changing the way theyre buying maturities across the yield curve. We have the nikkei higher by 0. 4 we have red arrows on the hang seng and shanghai. New china data overnight that showed food prices surging 9 , largely in part due to a surge in vegetable and pork prices european equities, down arrows across the board the dax is down by 0. 9 . Treasury yields, this has been the focus all week, yesterday the intraday on the tenyear yield was 1. 793 we are seeing extraordinary moves on a daytoday basis. Getting close to the twoyear feeling it feeling it feeling it little resecessionary feeling i. We have one other piece of Corporate News to bring you. Uber shears undehears unde s uber shears undhares un
The tenyear bull market makes new history as the fed chair appears to make the case for a rate cut plus big tech is at the center of the president s tariff fights as france vows to tax some of the largest American Companies. The white house hits back. And forget f. A. N. G. Jim has a new basket of stocks to watch you saw it here on squawk on the street. The s p surpassing 3,000 yesterday for the First Time Ever after the fed chair did signal a rate cut is on the horizon. This morning it goes back to the hill, testify before Senate Banking. Yesterday in front of that house panel, he was asked if a strong case could be made for lowering rates due to trade uncertainty and inflation short of the target this was his response. Yes, as i mentioned, we think that uncertainty around trade policy and also Global Growth, its not all down to trade policy theres something going on with growth around the world, particularly around manufacturing and investment and trade. And so that uncertainty is, w
to try to knock trump out of the race are counter productive. they backfire. as you know he feeds on grievance just like a fire feeds on oxygen. and this is going to end up as a grievance that helps him. did colorado just hand donald trump a political gift by barring him from the ballot? why some say the effort to rue the former president could actually help his campaign. plus how president biden is responding. this as nbc news has learned the colorado supreme court justices who ruled in the case are now facing a flood of threats after their historic decision. also ahead, we ll bring you the latest out of the israel-hamas war as israel defense forces uncover hamas extensive tunnel network in gaza city. and the blunt warning from chinese president xi jinping to president biden about beijing s intentions with taiwan. all right, good morning. welcome to way too early on this thursday, december 21st. i am not jonathan lemire. i m sam stein in for jonathan lemire. now, th
the house gets a chance to send the bill to the president s desk, first time congress passed a piece of legislation since 1993. carley: leaders have spoken up strongly calling it an effort to chip away at law-abiding citizen second amendment rights. griff jenkins has the latest developments from washington. good morning. griff: good morning, that vote remarkable, democrats needed 10 republicans and they got 15 on an issue, the gop long resisted, guns. chuck schumer praising the bipartisan effort. the gun safety bill can be described with three adjectives, bipartisan, common sense, life-saving. griff: gop included minority leader mcconnell after negotiations were led by senator john cornyn. i knew this effort was about the art of the possible, looking at areas where we could agree and setting aside areas where we could not. griff: not everyone does agree, senator ted cruz blasting in a statement saying approach of democrats is to take away democrats from law-abiding
Down. You can see the nasdaq down more than a ercent. Not such great action, either, in sectors, sara, with an echo of yesterday as well. Where energy and maybe staples were the only green arrows. Today its energy and utilities. The tenyear yield is back to 43, which is the cycle high. The data we got this morning, also not helpful. Better news for the economy, services came in a little bit stronger. But bad news for investors that are cheering on the whole disinflation story, because services, a key part of whats hot in this economy, could mean that inflation a little bit stickier than we think. And prices paid inside that Services Number also comes in a little bit hotter. Not ideal data for the markets. Well get the beige book later, which summarizes all the different districts across the country and gives a lot of color around inflation in services, like restaurants and theaters and hospitality. Usually a good read well watch that at 2 00. Our next guest, meantime, does expect a mom