Great deal of this because it is the first republican senator to say im not sure Mitch Mcconnell is handling it right. Not that the president should be convicted, but maybe we should not be working quite so closely with the white house. Is this significant . Kevin it is. Senator murkowski voted against the confirmation of Justice Kavanaugh. The question is whether senator murkowski can bring on other republicans to try to get on board during the rule package that leader mcconnell has to advance in the senate by a simple majority. Rules for the trial. It is not so much whether michalski and others will vote to convict President Trump, that is unlikely. It is more about the rules. Nancy pelosi has not sent over the articles of impeachment because she wants to have people like Mick Mulvaney and john bolton testify in the senate, something Mitch Mcconnell has said is a nonstarter. Right now what you are seeing from senator murkowski is in a centrist state like alaska she is trying to sugge
Up at a pro forma session and talk about this . What are we expecting . Will he give her ground . Anna probably not. The Senate Opening for a pro forma session. The majority leader will be here. We expect him to speak on the floor. He will probably criticize democrats, especially noting House Democrats have said they had to push this impeachment process through last year because President Trump is such a threat to the 2020 election that he was continuously interfering in what is going to be the next president ial election. They had to do this quickly. Now that they are delaying these articles, it goes against the point they were trying to make. David over the break we had a second senator showing they did not like how this was handled. We had Susan Collins joining lisa murkowski. Is that showing a shift . Anna those of the republican senators we would expect to at least show some independence. Their complaint was they were concerned about the impartiality of their colleagues. Mitch mcc
With losses on the s p, not to the russell 2000. In the last halfhour come a little bit of a recovery in the major indexes. The story overall is one what we are still looking for direction. Romaine a lot of the small caps are starting to catch up. Scarlet lets dive deeper into the market action. Abigail i have got volatility on my mind. The skew index that we have been looking at recently up a fourth day in a row. Surge going all the way back to january. Here is why it matters. In white is the skew index. In blue, the s p 500. In yellow, the vix. , near alltime highs, at alltime highs last that investors concerned it was a corrective nature. Thevix had caught up to skew index. Point the s p 500 near alltime highs. The skew index going sharply higher. Over time, this may be something to think about, some sort of corrective action. Probably at some point later in 2020. There was a time lag when this appened last time. Luke talk about why the skew has been a little high. Equities are real
Two other topics. Second, whether or not Mitch Mcconnell will form some type of bipartisan consensus around gun control. Those Mass Shootings over the summer weighing heavily on the minds of lawmakers as they return. Last but not least, they still have to pass spending bills by the end of the month or else we will have a government shutdown. David over the weekend, an extraordinary story about the camp david accords that did not happen. Therese rafael in london. It is a law. Does that mean Boris Johnson cannot leave the eu without an agreement . Therese it means he has to request an extension from the European Union if he cannot get an agreement. There is some question about whether he will find some kind of legal wiggle room on that extension, or whether he would then make it so unattractive to the eu to grant the extension, which needs to be done unanimously by the other 27 members. It is not for certain yet there will be in extension. Law puts a huge roadblock in Boris Johnsons way,
We started to see 210 spread first,the world, u. K. And then as that happened, investors steadily selling socks, nervous about this sign of a future recession, even though it typically does not happen for a year or two after the inversion. Investors are clearly nervous. Lets take a look that inversion and see how it is happening. Lots going on. What we are looking at, in white, japan, in yellow, the u. S. , and in purple germany. In blue the u. K. Germany is still inverted. Japan is slightly above. The u. S. Slightly above. In purple, because all of the yields are in negative, that is up 22 basis points. Very close. Investors worry a recession could be ahead. If we take a look at a sector check, that is bearish. Take a look at utilities. They are up just. 2 . In a sea of red, that stands out. Those are the defensive utilities, then you have high dividends. On a date yields are plummeting, those stocks look attractive. Take a look at tech in financials, those are lower. That is true for