Argentina continues to be a story. The currency we getting another 7 . I want to show you the reaction in the yuan after those headlines. We were floating along nicely, and then suddenly this massive drop for the yuan. A strengthening of about five or six big figures on those headlines. Talks are going to be over the phone in two weeks. We also learned that as well. Guy big move in dollaryen as well, 1 . Thats the risk off trade being reversed. German 10 year moving as well. We were 61. 50. We are now at 59. The trade news, the massive catalyst completely changing this trading session. Vonnie back to that news now, china saying it will hold its next round of trade talks with the United States in two weeks. Conversations will take place over the phone. The u. S. Is also delaying tariffs on certain items until december. Joining us from our washington, d. C. Bureau is shawn donnan. Here in our new york studio, we have Damian Sassower our of Bloomberg Intelligence we have Damian Sassower o
5. 9 trillion. The tax package, the driver right now getting closer and closer to a done deal. In the Senate Committee will be procedural motions, then 20 hours of debate, then the tax cut vote should be by friday. Believe it or not, it is possible senator mccain will pass the deciding vote. He killed obamacare repeal, will he kill tax cuts . We simply dont know. Will Claire Mccaskill vote yes . That too is possible especially after President Trump speaks in her home state of missouri today. He will say tax cuts, quote, poor rocket fuel on the economy. Just let missouri voters want to hear. Senator mccaskill is up for reelection. Have we got a show for you, including Nbcs Matt Lauer has been fired. Varney company is about to begin. This is truly a bomb show. Nbc not lower its outcome is fired from the today show. Heres the reaction from savanna guthrie in the morning show today. Roll it. For the moment, all we can say is we are heartbroken. Im heartbroken. Matt is made dear, dear frien
Lets quickly check on your did. We see somey where distortions are some of the key data points we need to watch out for. Risk assets seems to be taking a breather amid the further signs that chinas economy is cooling. Base metals seem to be dragging down a lot of the mining stocks. Bp and the stoxx 600 basic resources down 1. 3 . Major currencies drifting before the Rate Decision. The inflation data which is why want to show you the pound 1. 32106. And eurodollar. We will talk plenty more currencies throughout the hour, the lets get to first word news. North korea has been to use a Nuclear Weapon against japan. Agency quotednews that japans archipelago should be sunken into the sea. The japanese said that the threat was an abominable provocation. , some has blood chinese backed investors from buying a semi conductor. The fourth time in a quarter of a century that the u. S. President has stopped a foreign takeover of a firm. China says it is concerned by the move and that the u. S. Shou
Bill. The other group that we are seeing have the biggest reaction is perhaps the medicaid exposed insurers. So were seeing here molina is up by 2. 4 . Centin, wellcare, a couple of other insurers that are trading higher. Theres Something Else from the bill and im looking here as we are all trying to piece through the bill and look at the various pieces of it, apparently this latest proposal will provide an additional 50 billion over four years to stabilize the insurance exchanges. So even some of the larger insurers have been reacting, not as dramatically as this. But they are higher today. In fact, if you take a look at the groups that are moving in the s p 500 on the bloomberg, on the imap youll see that health care is in the top spot. And in fact has been rising all week. And has been outperforming the s p 500 all year. Health care in the top spot here, up 1. 25 . As we see these gains here as we get these details of the bill. Again, with the caveat that we dont know if this is wha