Exactly to where we should be defaced the environment that we have, to face the regulations and forces that we have. Francine this is bloomberg surveillance. Francine lacqua at london, tom keene in new york. We have to look at banks and of course the political system in the u. K. Tom i agree, United Kingdom politics is front and center. We will have a little bit in the 6 00 new york our as mr. Sanders i believe is going to endorse secretary clinton today. Feel and youbetter really wonder if brexit is moving on to a new stage. Lets now get to the bloomberg first word news. Nejra theresa may now has just two days to build a team to rescue the u. K. From its worst political crisis in a generation. She is going to replace David Cameron by tomorrow night and will need to decide fast who will be in charge of negotiations to leave the eu and will lead to elect someone to steer the economy. In japan, the Prime Ministers government is keeping people guessing on a stimulus passage package. He sa
Bloomberg exclusive, three hours to set you up, but first, a look at the markets. Yields moving higher from here. Mark lets get you up to speed. Futures on the front foot at the moment, firmer on the s p 500 after yesterdays alltime high. Look at the moves in japan. The nikkei up by two point five Percentage Points and it is a twoday rally up over six fourth Percentage Points. More stimulus potentially from the japanese government. The nikkei rallied and the yen declined. Weaker japanese yen and the dollar yen trading with a 103 handle an approaching one of four. Cable rates gaining as well. The pound doing very well. It is a firmer story for risk assets, but this is what i find the most interesting. We talked about highly correlated markets, equity markets at record highs and bond yields at record lows. Today is different. Equities on the front, bond on the back, little defensive. Yields going much higher. 30 year yields up seven basis points. Yesterday, there was an auction of threey
Rob you could probably stop me on a tuesday. And on tuesday. And on the couch. On the tuesday, a spirited rally, donald trump unleashing open border policies. They dont like border patrol, dont like police or anybody. Democrats want to protect illegals coming into this country. Rob the president calling on congress to do something. Immigration costs are heating up. The president at this rally in South Carolina return to the issue that helped him when the white house, immigration. Building the wall, fixing the wall, spending a lot of money and going for more and we will get it done but democrats want open borders and dont mind crime. Reporter for republicans in congress it is back to the drawing board as the house tries once again to take up immigration reform. There is this question of civility, and kicked out of a virginia restaurant over her politics. And Maxine Waters, more public confrontation, Trump Administration officials that later tried to clarify. Democracy, you get the right
NEWBURYPORT — The City Council cleared the way for building multifamily homes at the site of the former Mobil gas station on State Street after voting 8-3 on Monday to