A wall of opposition within the ranks. Is obamacare light. Meditationhanges in would leave millions without protection. And they appear to be urging break with House Speaker paul ryan and forge his own path. Care fightthe health to the longterm hopes of the party and the president . Brett stevens, the wally editor at street journal. Im pleased to welcome you to the table. Let me start with you, ryan. This cant be what the white the Republican Leadership had hoped to find when they put the Health Care Bill out. Well, the truth is, that this isnt really president Trumps Health care proposal. A proposal thats been knocking around. Its been evolving over a long period of time, in the mind of House Speaker paul ryan. And it reflects paul ryans priorities. Hasthe Trump Administration decided to put its muscle behind proposal. Lative its not obvious that thats a very sensible thing of the Trump Administration to be doing. For ryan and his allies is that the goals that articulated one health c
A wall of opposition within the ranks. Is obamacare light. Meditationhanges in would leave millions without protection. And they appear to be urging break with House Speaker paul ryan and forge his own path. Care fightthe health to the longterm hopes of the party and the president . Brett stevens, the wally editor at street journal. Im pleased to welcome you to the table. Let me start with you, ryan. This cant be what the white the Republican Leadership had hoped to find when they put the Health Care Bill out. Well, the truth is, that this isnt really president Trumps Health care proposal. A proposal thats been knocking around. Its been evolving over a long period of time, in the mind of House Speaker paul ryan. And it reflects paul ryans priorities. Hasthe Trump Administration decided to put its muscle behind proposal. Lative its not obvious that thats a very sensible thing of the Trump Administration to be doing. For ryan and his allies is that the goals that articulated one health c
Im wilfred frost. Very good morning to you have me as well. Lets get straight to the Global Market action. Yesterday we saw the Third Straight day of declines for the dow. Just barely. Exactly right. You completed my sentence before i could. Down just a fraction. Nasdaq closed positive, right . Nasdaq slightly positive for its fourth positive day in a row, albeit similarly four p slight positive days. 7 out of 1 1 sectors were negative. The most notable decliner was financials. The bank stocks down over 1 . A poor day for them. A large part of that was what was happening in the yield curve. Tenyear treasury note. The yield curve slipped across the board. It wasnt that it just flattened. The tenyear note hit a low of 2. 46. At 2. 48 at the moment. That was a low not seen since about the last three, four weeks. Japan, remember, was closed on monday. It did open tuesday. Declining about 0. 3 . Hong kong and shanghai remain strong. The hong kong stock market, the hang seng is actually at t
Im a little bleary eyed today. I stayed up and watched the game. Im just tired because its a tuesday. Congratulations to our landon dowdy and kayla tausche. I imagine well get a great hit from landon later. She may be suffering in a similar way. Futures as i said pointing slightly lower at this hour. Comes off a day of delclines yesterday, but fractional declines. Quite resilient again when we come to the tenyear note. Futures for you today, as you can see, the dow called lower by 51 points, the s p by 5, nasdaq by 12 points. Lets look at the tenyear treasury note. As i said, yesterdays slight declines fairly resilient given that yields slipped again. Weve been in and around the 2. 4 level. Now were much closer to the 2. 3 level than 2. 4. 2. 33. Yields slipping yesterday. Also the twoyear slipping across the curve. But we did not see that selloff in markets that weve seen correlated when yields have fallen in recent days and weeks. Lets show you the action in the Asian Pacific markets
Yesterday stocks were down for the third time in four sessions. Not far off the session lows. That was just a decline of 85 points for the dow. A loss of ten points for the s p 500 and a loss of 11 points for the nasdaq. Check out what happened overnight in asia. The nikkei was up by a half percent. Mainland china markets closed for that weeklong celebration that they do. In europe, in the early trade, at this point theyre under a bit of pressure. Biggest decline coming in france with the cac down by 0. 8 . Ftse off by a half percent. The ftse has been the big story. Ftse up yesterday. The british pound falling to the lowest several since 1985. Well talk more about that in a moment. Look at crude oil prices. Cried down yesterday in the regular session. It did pick up some ground in the evening session after we saw a surprise draw down in api inventories. 50, right within spitting distance. 49. 44 for wti. Among the top stories, becky is still here. Yes. Im still here. Its interesting a