The transition process starting to kick in. Tom not only the good news, but just as much as there was no bad news today, and that gives a lift to equities and other adjustments in the market. Jeffrey currie will join us from Goldman Sachs, which is wonderful. Futures up 27 and we will talk about the data in a moment, but yes, chair yellen front and center in this historic moment for our politics. Francine lets get to bloomberg first word news in new york city with ritika gupta. Ritika President Trump is finally calling on his agency to cooperate in the formal transition process with joe biden. That follows weeks of inaction. The General Services Administration Made its official made it official with its acknowledgment that biden was the winner of the election. Still, President Trump says he will contest the outcome of the vote. Formeren has turned to fed chair janet yellen to be his treasury secretary. She would become the first woman in the job if she is confirmed. She is likely to wi
Late january, early february when the virus was raging in china. Investors and traders in the u. S. , and we have spikes in certain parts of the u. S. It is not clear what that will bring for the rest of the country. Traders looking past any negative possibility. However, from across asset class standpoint, that is not the case. The haven yen is a quite a rally over the last two weeks, more than two weeks, the haven yen up more than 3 , quite a run when you have investors seeking safety in that way. It tells you they are treading water where there is an actual hedge for some sort of risk off ahead. Itll be interesting to see whether the broader indexes, the sideways range we have seen of last couple of weeks, whether it breaks to the upside following the nasdaq or the nasdaq follows stocks down. There seems to be overall optimism driven by the fed. Not a lot changing fundamentally accept the virus data and the uncertain the around that. David dont fight the fed. Thank you so much abiga
Things where its always on the horizon, were about to do it. I think they will do it. That will take a huge uncertainty out of the way, usmca, nafta 2, getting that out of the way. The other thing to avoid is a trade war with europe over auto parts and imports. With all the optimism, bank of america said 68 of managerses think the markets going to be good. Thats usually a bearish sign. Lauren i know. When everyone starts saying things are so good, mitch, you study this, you know the stock market, does that mean you should go in the other direction. Not necessarily. Think about what happened last year. We were worried about the fed raising rates. This year the fed lowered rates three times. The markets are sending them a message, saying we like lower rates. I think fed talk will be the thing to look at. I would look at corporate earnings next year. Baked into the market this year is the fact that next year will be a good year for earnings. Last year was a meh year for earnings. Lauren i
Good morning live from russia this thursday warning of what she thought international will be kevin owen who is the latest 30 minute world news running just past 9 in the morning and so 1st the protests have broken out in cities across the u. K. After the countrys Prime Minister Boris Johnson shut down parliament until the 14th of october thats going to mean lawmakers reconvene just 17 days before the brics it deadline and would have little time or practically no time to vent no deal departure from the e. U. With the latest this morning r. T. Saskia taylor for you. Boris johnson is being well boris hes being bold as brass and he wants breakfast come what may rather. What you do when parliament wont play ball you suspend it he needed her majestys permission to do that which he thought we dont get a week into october the 31st before getting on with our plans to take this country forward we are going to have a queens speech and were going to do it on october the 14th and weve got to move
Come to order. The chair be authorized to declare recess during states hearing, that objection is to order, subcommittee hearing to ask questions and objections so ordered. Good morning and thank you, to todays witnesses for joining the subcommittees hearing today on the state of aviation safety. Recent tragedies at home and abroad have shed new light on what is required to ensure the safety of the traveling public. In addition to the integration of new entrants drones into the National Airspace they also present safety and security challenges. The last congress they of 2018. Bipartisan legislation was setting a Solid Foundation to improve the safety of the nations airports, pilots, crew and passengers. Todays hearing is an opportunity to get the publics perspective on current risks and challenges facing our Aviation System and necessary safety improvement. This testimony will also shape priorities as we continue our investigation into the boeing 737 max and the oversight of the faas i