Ofodollar getting a bit traction. The dollar is going down. This is part and parcel of the yellen trade, which seems to be getting reaction now. It will be interesting to see how she works handinhand with the fed chair. Minutes,e last few crude went through 45. This is wti. We are backing off the little bit, but that line in the sand is the highest level we have seen since march 6, which gives you an idea of the turnaround we are seeing. The big question, is it running too far, too fast . Alix some analysts starting to scratch their heads a little bit, particularly as they look at the curve. President elect joe biden said to announce his selection of former fed chair janet yellen as secretary of the treasury. Joining us as michael mckee, Bloomberg International policy and economic correspondent. What about this appointment is giving confidence to the markets specifically . Theael janet yellen ticks most important box for investors, she makes them money. Take a look at what happened whe
The russell 2000, another alltime high, up 2. 1 . The s p 500 up a solid 1. 5 . Important is the cyclical reopening rotation we had happening in recent weeks, often it comes at the cost of tech but that is not happen today. The nasdaq 100 is up 1 . This is a bully lock cyclical rotation on the expectation of normalizing economy this is a goldilocks cyclical rotation on the expectation of normalizing economy. I know we have been talking about whether or not it will last. If we take a look at the sectors on the month, it does suggest the cyclical rotation is on the way. Take a look at energy, up 30 . Heading toward its best monthly performance ever. That is the foam oh buying we have around that is the fomo buying we have around energy, but also financials. We have stocks off to the races. Taylor is interesting as we talk about the reflation trade in the outlook for politics. We are looking at bond yields up three basis points on the 10 year, five basis points on the 30 year that goes in
National. With us. Are the f. B. I. Is investigating a shooting at a u. S. Naval base in the state of florida where a Saudi National has left 3 people dead reports say they are looking into whether the incident is terror related. 3 people are dead and 8 others have been injured when a shooting took place at the u. S. Military base at pensacola in florida now the perpetrator has been identified as a Saudi Air Force officer who was receiving training at this base he opened fire in one of the classrooms and he was then shot dead himself from what we understand the f. B. I. Is on the scene and investigation between the u. S. Military and the f. B. I. Has been opened we are working with local Law Enforcement and with the f. B. I. In our actions afterwards as i said the bases shut down will be shut down until further notice until we can really understand the situation trump has tweeted out that the saudi king gave him a personal phone call to express condolences for the victims of the shooti
Impeachment resolution of President Trump, and members will begin debate on raising the minimum wage. Now to live coverage of the u. S. House here on cspan. The speaker the house will be in order. The prayer will be offered by our guest chaplain, the reverend john p. Fitzgibbons, regis university, denver, colorado. God, plain most holy please unite and guide the leaders in this house to recognize, to speak for, and to safeguard the vulnerable and the marginalized in all corners of our nation. Help us to hear and to champion the rights of dreamers of all colors, all context, and all ages, especially the young whose ardent desire is to know and to build a better society. Help us to illuminate the path and to advocate for our countrys learners and their teachers so that access to education and the power of knowledge will continue to produce servant leaders committed to democracy, equality, and justice. Help us to unite our hearts and our minds to share freely of our gifts, to reflect crit
Development department recently appeared before the banking committee. Such as the Community Development block grant. This is about 90 minutes. This hearing will come to order. This morning we will consider the nominations of Kevin Hassett and the honorable pamela pate naude. I see friends and family behind you as well and i see my good friend bob dole, at least, i did a few minutes ago and we welcome him here. And will play an Important Role in spurring economic student. Mr. Hassett has had a distinguished career in economics that includes positions in academia, government and policy. A widely consulted expert on Economic Policy and has contributed countless papers, commentary and testimony. Nomination has received bipartisan support. Mr. Hassetts understanding of tax policy will be an asset to the administration. He has extensive experience with economic modelling. For pro growth policies. Key to Economic Growth is not only robust Financial Markets but also economic policies that wil