Higher. We had a Statement Issued from the bank of korea after a government meeting that outlined some potential support measures. The asx 200 at one point close to 4 , now higher by. 8 . Than twoes up more point 5 , this after President Trump spoke. We are also seeing safe haven bids. The dollar yen after moving towards 100, back wrenching above 10 three. The worst g10performing currency today. Gold also falling for the first day in 4. Treasury yields shooting to the upside. The 30year is up nine basis points. Some of the largest moves we have seen to the upside for the 30year over the past three years. Haidi Sarah Ponczek, taking a look at the action. And how very quickly the market story is changing here in the Asian Session. Singapore forr to more analysis on where the markets are going and what the catalysts are. Joining us is all across asset. Ditor, joanna what are we seeing in terms of this slight shift in the markets . Pretty typical after you have such a big down a deep marke
The stoxx 600 flat, u. S. 10 year yields back to a level beside couple weeks ago at 1. 85, on the back of an easing of tensions regarding the u. S. And the middle east. Looking at brent crude, wayside volatile week, but ending friday at 65 and . 23. Coming up later, we speak with mary kudlow after the u. S. Jobs numbers are released, and that time. 2 30 p. M. London lets get straight to the bloomberg first word news in new york city. Bill begin with a brexit that clears the u. K. House of commons. It puts an end to the parliamentary gridlock that caused theresa may her job. The bill passes to the house of lords. Johnson wants it to become law by the end of the month. Federal reserve Officials Say policy is appropriate amid solid u. S. Growth, but there is a risk inflation that continues to fall short of the 2 target. The vice chairman telling the council on policy is in a good place. The fed leaving rates on its final on hold at its final meeting in 2019, signaling policy is on pause.
How he see businesses moving forward. What are you expecting on impact on growth and do you think theres going to be a different standard on jpmorgan than other banks . Youre not. A come of things there. When we get done after that, i dont know, i do think theres a little bit of decoupling between chinas Economic System and ours, china will continue to grow, i think they want jpmorgan to be there to set transparency and rules and if chinese, if they want to eliminate corruption, they need very good Financial Markets and therefore they can come in and set the standards, it should mean something when jpmorgan said we did Due Diligence, doesnt mean that we are always right but should mean something. Maria big deal for jamie dimon and jpmorgan, they just received their license, a bank 100 in china, spending 11 billion on Technology Every year, how is he going to protect that technology s he going to go to china and they will change things as how they will do things differently. Dagen part
To u. S. Drug companies. Reinvention as a business overhaul aimed at raising over 2 billion a year through 2022 sent shares higher. And a bitter taste as the hong kong protests hit congac sales and damage first half results. Good morning, everybody. Welcome to street signs. Happy thanksgiving for those of you who are celebrating. Were obviously not celebrating because were here in the studio bringing you the latest on the market action. To recap wall street yesterday we saw record highs for the major eking out gains despite a holiday weekend. We had u. S. Data yesterday, higher gdp numbers coming in at 2. 1 versus 4. 9 also improvement in chicago pmi. So all in all the picture was a little bit better for the data yesterday coming out of the u. S. But one of the major developments overnight was the news that President Trump has indeed signed legislation that passes into law u. S. Support for hong kong protesters that has not been well received by china. And, in fact, the tit for tat sho
Markets. Stocks are hovering slightly, a mixed bag. Dow is slightly higher, up. 2 s p 500 is down. 2 , and had nasdaq down by. 6 its the defensive sectors leading the way today. Real estate, health care, consumer staples, which by the way, hit a fresh alltime high today. Tyler. Thank you very much, melissa. The big story were watching is what will the fed do and how will the markets react we have been talking about it for weeks, maybe months now. Were less than 48 hours away from one of the most anticipated fed meetings maybe ever. Steve liesman will be there to bring us the news, but hes here now to bring us some analysis. Steve. I think the context for what youre saying, tyler, is the fed is meeting under extraordinary circumstances with markets screaming for a rate cut, and unprecedented political pressure from the president of the United States in fact, with the fed on the verge of giving the president the rate cut hes campaigned for for months, the president tweeting out this morn