Manus welcome to the show. Hope you have had a good rest over these past couple of days. Some markets were open. This is the complexion of Global Markets as london against to come back from its turkey feast and its turkey slumber. We have the risk radar for you. This is the anxiety in the market. The man versus yield. This is u. S. Gg 3m. The debt ceiling anxiety is personified in the demand and cost of threemonth bills. 1. 445 . Thats the highest stop out rate since december 2008. But the bid to cover ratio has been the lowest since 2009. Do you want to because short if the wrangling continues . Some of the middle east markets open on christmas day. You have ulcer in the from a long weekend. Equity markets from a threeweek high. Equities, a little bit of gain. Australia flat after a fourday weekend. Oil is just coming back. This belies a much bigger move upwards in the price of oil. We had another outage. This time youre looking at oil at the highest level since mid 2015. Libya had a
Macro to watch. Our roadmap begins with u. S. Foreign relations in the spotlight. The president meeting with merkel in washington today. Plus, the secretary of state Rex Tillerson giving a very strong warning to north korea. Then were going to move onto deregulation nation, what the current climate of deregulation means for media and telecom stocks. Shares of tiffany up on strong earnings. A Silver Lining perhaps for the luxury market. But first up, when the president meets with german chancellor merkel later this morning, trade, immigration and defense among the major issues likely to be discussed. Both leaders will hold a joint News Conference this afternoon. The Trump White House has been critical of germanys trade surplus as the u. S. Remains its single biggest export market, although the president has said nice things personally about merkel and her strength as a leader. Right. I think this is a rubber hits the road meeting because i think that we have not really seen trump in act
Ready full throttle to go back to health care. More importantly this was. Well Work Together and listen together until we get this right. It is too important. Obamacare is a collapsing law. Obamacare is doing too much damage to families. So were going to get this right. Meantime well do all of our other work we came here to do. Neil all right. That on top of what was some pretty good Economic News prior in the day. Big jump in Consumer Confidence. Big jump in the caseshiller home price index. A lot of peoples homes are starting to percolate, presumably get them buying and get hes investors buying at the corner of wall and broad. Were near session highs after eight straight down days. We have the Infrastructure Committee member, congressman Thomas Massey joining us now what happens now. What do you think, congressman . Well you know on health care i presented an option in morning in our conference to break it up into three bits. There were three bills in that bill. I think you can get t
Im not saying the estonian system is the one that wins because the singaporans have they flew a big delegation into estonia and said we want to do this for all of east asia, so people are often quite unwilling to trust their own government but if you say this is a Service Provided by another government, you can use it or not use it, an optin sturges people they have issued 10,000 of these. You can pick one up at the Estonian Embassy just down the road for 40 or some small amount. I think this solves one of a fundamental problems on the internet, which is proving who we are because civilization is based on the trust for interaction between people who dont know each other very well. And we use all five of our senses and all sorts of learned responses and other keys and safeguards which means we can do this to each other, facetoface and also by letters, and but we dont have a way of doing that on the internet. I cant proof who i am on the internet. You cant prove its me. We want get toget
Now Strong Enough for a december rate hike . A lot of things happening today, but first of all, a very Big Development in the president ial race. Eamon javers joins us in d. C. With more details. Eamon . Mandy, thats right. A blockbuster report here in politico. Com this morning. Politico reporting that ben carsons campaign is admitting that a central piece of his biography was not, in fact, correct as reported by him in his own books. Theyre saying ultimately ben carson was not ever an applicant to west point. In his books ben carson wrote he applied to west point and was offered a full scholarship after meeting with general william westmoreland. Politico reporting that the Carson Campaign is now saying that, no, in fact, he was never offered a full scholarship to west point. In fact, west point is tuitionfree for those offered admission. Theres no such thing as a full scholarship in any case to west point. This follows on a number of controversies for ben carson and his campaign whic