Other sectors stepping it up. David that is what i am interested in this week is the u. S. Treasury issuance. We will have to borrow a lot more money. What you think that will do to the treasury market . Abigail today does not having much of an effect. Last week there was a big selloff. On the corporate side, there has also been a ton of issuance. It seems as if the markets are absorbing that supply. Lets see whether that continues. Certainly helping today, one sector that is doing quite well, the Health Care Sector outperforming, especially biotech. Cardinal health put up a good quarter, that has to do with druggist to big drug distributor, the fact they saw their sales boosted by covid19. Weve been talking about the gilead virus drug. It is a pitch scratcher it is a headed scratcher on that one. It lessens the time. It is not a game changer for the economy. A little bit of a popping. We will certainly be watching that debt issuance. That could help to break the tugofwar weve been see
Reinforce a sobering message. Bloomberg technologys says apples new iphone features equipment that is best in class. We are seeing u. S. Futures under pressure, down. 1 present. 1 . Make a comeback after dropping about 1 as we services readings. It managed to bounce back. Investors bet more said action will be needed. We have the 10 year yield falling for a sixth consecutive session and headed towards 1. 5 . Contact leslie gains with the nasdaq gaining more than 1 . Sophie. Sophie futures are looking mixed as the regional benchmark is set for a third weekly loss. In tokyo, we are watching for reaction to reports that the u. S. Japan trade deal will take effect on january 1. President moon is to meet with the chiefs of four business lobby groups. He will meet with investors to explain the state of the economy. Switching the board to check in on bonds this morning, we have aussie 10 year yield slipping below 90 basis points, and the kiwi 10 year yield is below one percent this morning. A
Adjourned. Following the open meeting of the federal Communications Commission held a News Conference from its headquarters in washington, d. C. This press conference with fcc chair Jessica Rosenworcel and brendan carr runs just under 40 minutes. Good afternoon, everyone. If folks could take their conversations to the lobby, we greatlyre appreciate it. Weto are about to get started wh the post conference and as you know we had a pretty lively and lengthy meeting so i would like to give the chair as much time as possible to answer questions for the reporters. With that i welcome the chair. Good afternoon. All right. Why dont we start with david. I wanted to ask about the effect [inaudible] could you please turn on your microphone. Can you speak to the current state [inaudible] under section 214 of the communications act, the fcc authorizes the provision of communications in the united states. We also have the authority to take away the authorization for providing service, and as youri k
Good afternoon, everyone. If folks can please take their conversations to the lobby, we would greatly appreciate it. Were about to get started with an open Meeting Press conference. We have a pretty lively and lengthy meeting. I would like to give the chairmen as much time as possible to answer questions from the reporters in the room. Thank you. Good afternoon. All right. Lets start. Why dont we start with david . I wanted to ask specifically about the orders effect on the chinese carriers. Could you please turn on your microphone . The red button. Can you speak to the current state of broadbrand services being promoted by chinese carriers . First things first under section 214 to have communications act, the f. C. C. Authorizes the provision of communications in the United States. We also have the authority to take away the authorization for providing service. As you know during the last several years, we took away that authorization from several chinese carriers. During that term, h
Series planet of the apps to talk about this move lower today for snap and in general back down to the ipo price. A lot to talk about with jeremy liew. And bitcoin investments. Hes hot on bitcoin right now. A lot of that coming up in a bit. Plus, alibaba is hold be an avent to attract u. S. Entrepreneurs. The vice chair of the company joe tsa i will join us for an exclusive interview with david faber to talk about that strategy the latest now out of washington and theres been plenty of House Speaker ryan, are you saw that speaking to cnbc last hour about tax reform heres what he told Brian Sullivan when he asked him if he would support a push for a 15 Corporate Tax rate. I would love it if we could get the numbers to make it work. Do you think you can . Im all for it, something thats actually possible were going to spend all summer long drafting and getting what we call scores, getting the numbers to work. We being the house tax writers, the senate tax writers and the white house and t