for its brutal aggression. the white house is being briefed on the debt ceiling negotiations back home. i will speak to a senate democrat leading the push for the president to bypass congress and raise the debt ceiling by invoking the 14th amendment. this hour, desantis versus trump. dueling positions on abortion, as the florida governor prepares to jump into the race as early as next week and signs four more bills positioning himself to the right in the culture wars. rising tensions over immigration boiling over far from the border. cities like new york run out of space to house migrants being sent north. it has overwhelmed our system. 65,000 people are coming to the city. a week and a half ago, we had 4,200. in one day, we had 900. the numbers are unbelievable when you think about it. good day, everyone. i m andrea mitchell in washington. president biden is balancing major domestic and foreign policy challenges while on the other side of the world. in japan today,
In the meantime, lets talk about the price of bitcoin. It has been volatile. Shot up yesterday in a big way and pulled back after blackrock denied the report, becky. Coin telegraph saying u. S. Regulators approved the application for the spot etf. Everybody cheered and went crazy. Coin telegraph later retracted the story and conducting an internal investigation into the inaccurate report. Blackrock reported the application is still under review. Crypto markets have been waiting news for spot coin etfs which are expected to drive investment in the sector if approved. If because we still dont know. Just because blackrock and fidelity are asking for it, doesnt mean the s. E. C. Has to give it. Do i think there is momentum . Sure. It doesnt lead to the situation. The company that put out the story is now conducting an internal investigation which makes you wonder if they suspect somebody was doing this and making trades based on the story. It wasnt how it happened. Was somebody feeding the
If you want to look at what is happening in the u. S. Equities this morning, you will see green arrows dow up 25 points right now you have the nasdaq up 1 the s p is up 4 points it is a complicated month. You have most of the major averages on track for the worst. Dow down the last six of seven sessions a lot of questions about what comes next and comes from the fed. Is a recession coming . Will they land softly . It is an interesting use of the word interesting above 4 6 the inversion widened a bit. We will see what happens today crude Oil Prices Surging to the highest level in over a year we are talking above 93 brent at 96 a barrel. All of these questions mean what does it mean for inflation with energy picking up . The crude is off the highs of the session. Above 95 here. Not brent. It is a tricky time. Do you think it is always tricky. Sometimes we feel calm about things i would say investors have more sense of unease lately that is why you have the pullback in the major averages
To ask questions. Without objective, thats so ordered. Can would like to welcome everybody to the hearing today. Its going to focus obviously on how we can build the 21st century infrastructure. And the committee is holding a host of hearings to gather ideas on what congress can do to achieve this goal. And today, were going to hear ideas from our highways and transit stakeholders. Gathering input from our stakeholders is essential to the process. That we use to again surface transportation policy. Its valuable in our efforts to pass the act, which was the first longterm highway bill in a decade, and were going to continue to need your assistance with future legislation. Even with the Additional Resources we provided, the nations surface Transportation System still needs additional investments. Enacting a long Term Solution for the Highway Trust Fund is a critical component to insuring we can address those needs long into the future. Since passage of the f. A. S. T. Act, building a con
Sara eisen on this friday. Tgif. Thank goodness. Great day yesterday we were up 0. 8 for the major indices. Transports yesterday, the russell index, Smaller Companies up 1. 7 that positive momentum continuing, up 100 points on the dow this morning lets have a quick look at the euro popping on news that german lawmakers reached a break through in talks to form a new government the euro had a good session yesterday as well. That was off the back of ecb minutes. But todays move off the back of that german political news up to 1. 2121, thats a high we have not seen since december 2014 joining us is willem marx from london with more so, essentially whats happened here is the spd and the cdu have agreed that there will be a coalition they had a media blackout for the last five days over these preliminary talks. Were getting a slew of headlines now coming out of those discussions. Those include a lot of the spd wish list items they have been pushing for. Angela merkels party and her sister pa