Climbing the wall of uncertainty, but thats true for pretty much every asset class. A lot of folks talked about 2019 as the year of the rally for everything. If we look at highyield stocks along with gold futures, look at that huge gains. 36 for oil. Highyield treasuries, basically the best year since 2009, 2010, or 2011 depending on the asset class. One question on folks minds at this point what 2020 bring . A lot of strategists bullish on 2020 and what that could bring. If we look at charts on the terminal, we will see the s p five the s p 500 is overbought, well above 70. Some technicians dont mind when its overbought. Back in 2017 into 2018, higher highs until it starts to turn down, those conditions really suggest or could be more bullish momentum to the upside. These kinds of rallies go longer below 70, itst kind of bearish and thats a look at the market trading day from new york. This is bloomberg. This is Bloomberg Businessweek post quote live on Bloomberg Radio and bloomberg t
Pelosi said congress had no choice but to pursue impeachment President Trump. At a press conference she was adamant that the actions with ukraine under my National Security by hurting a key ally. Ofwhen we see a violation the constitution, we have no choice but to act. And the evidence is clear that the president the president has used his office for his own personal gain. That with thedded july phone call when the president said the july phone call was perfect, she responded that it was fatally wrong. Asia, the tour of combat urging ties to poverty. The United Nations considering thailand a key trafficking destination as well as a key source of forced labor and sex workers. Twitter says it will start letting users hide specific replies for the tweets they post. The change provides a degree of control that could be used to keep spammers away or hide inappropriate replies. It will be rolled out globally. Global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2
Jason visa c. E. O. Al kelly, no relation, says consumers are still swiping and tapping despite talk of a recession. Carol and then theres this weeks cover story. Google and the generals. The search giant wants to build its military business, its employees they do not. Jason much more of that ahead but we begin with our top stories. A busy week in d. C. With impeachment hearings. Trade talks hitting a series of road bumps. So much more and legislation passed by congress, supporting hong kong protesters. Lets break it down with Ryan Teague Beckwith in d. C. So ryan, help us understand everything that happened there in the nations capital. Ryan yeah. This was a long week. And i think the last news day was june 15, 2015. [laughter] this was a particularly newsy week. The sondland testimony from the ambassador to the e. U. On what day was that even . Thats how long of a week its been. Wednesday. The sondland testimony on wednesday established pretty definitively that there was at least one
The search giant wants to build its military business, its employees they do not. Jason much more of that ahead but we begin with our top stories. A busy week in d. C. With impeachment hearings. Trade talks hitting a series of road bumps. So much more and legislation passed by congress, supporting hong kong protesters. Lets break it down with Ryan Teague Beckwith in d. C. So ryan, help us understand everything that happened there in the nations capital. Ryan yeah. This was a long week. And i think the last news day was june 15, 2015. [laughter] this was a particularly newsy week. The sondland testimony from the ambassador to the e. U. On what day was that even . Thats how long of a week its been. Wednesday. The sondland testimony on wednesday established pretty definitively that there was at least one quid pro quo holding out the white house meeting in exchange for investigations into the bidens. Sondland testified that he was not definitively sure that there was a second quid pro quo
Cigna came in with great earnings and a revised higher fullyear forecast. The stock taking a bit of a dive down 2. 5 . 5 coming up, we will hear from the ceo David Cordani after that result. Guy lets talk about what is happening in europe. The oil sector is lower because of shell. The Mining Sector is down. Chinese pmi data was super weak overnight. That is what we are focusing on, particularly the manufacturing side. Weve got this sorry surrounding what is going on with the trade narrative. The lighthizer deal, basically the chinese arent convinced. Volume is reasonably good today. We are seeing a big moving yields, as you can see. Bonds are bid, yields moving lower. We are 41 on the german tenyear. Chinese data is feeding into that story. Treasury yields moving exactly the opposite direction you would have thought if the fed is going to stand pat from here. Keep an eye on the 97 level on the dxy. Eurodollar, 1. 11. We are absolutely flat on the session. Vonnie the fed cuts for a Thir