Congress narrowly averts a disruptive shutdown, keeping the government running until midnovember. Buying bonds. The boj announces another bond buying operation this week. Plus, taxing time for rishi sunak. U. K. Prime minister plans to untie his party despite senior colleagues calling for senior tax cuts calling for tax cuts. We have a host of big interviews today including chancellor jeremy hunt and the jp morgan ceo, jamie dimon. First to the markets, it is a relief after the worst quarter for equities since 2022. The relief this morning is thanks to the fact that we have averted a Government Shutdown, but how long can that last . 45 days into we will have this shutdown debate again. Most of the relief from large cap tech. Nasdaq futures up 7 10 of 1 . This is not unusual. The bad news for equities is yields continue to march higher. The bond market selloff continues. Maybe now that we dont have a selloff, may be the impetus isnt to buy treasuries. Lets show you what 10 year yields a
Look into the future. Today kicks off with a focus on investing. Our guest today is Hedge Fund Legend leon cooperman and gabelli and rick rieder. Were excited to bring you this conversation all here at 8 00 eastern time and later this week, president ial candidate jeb bush and bill ackman but first lets get you up to speed on todays headlines. So that was the 20 year i thought it was 20 years since we had all been here at the same time. Three months. No, three months. Summer is up. Beginning of game day. Its a feel good song. We are united. We have not seen each other for weeks. Lets get caught up this morning. U. S. He equity futures. Here it s. Well show you whats going on. We are rallying this morning. Dow looks like it would open up much higher. S p 500 looking higher as well. Another volatile trading session but by the end of it things were looking up there as well. Chinese stocks rallying into the close. The top economic planner approved Railway Projects worth nearly 11 billion.
The real clear politics poll of poll shows it extreme close, and a look at the Electoral College projection shows it is razorthin. With this debate as the last big scheduled event before november 6th, to quote vp joe biden, this is a big fing deal. Lets start with luke russert. Now that his Baseball Team is waiting until next year, well concentrate on this election. Cheap shot. My Baseball Team is on break, too. Were in the same boat. Back in d. C. , what are the socalled insiders telling you about whats going on with this race . Its interesting, toure. Obviously, very close in the battleground states. The importance of this debate tonight, republicans that ive spoken to today have said the following. Mitt romney has to try to expose barack obama on the issue of libya. He has to try and raise questions about Barack Obamas policies in the middle east, and try to implement in voters minds perhaps this guy who takes all this creditor killing Osama Bin Laden, though it was honorable and gr
Dow. The dow had three 128point gain on the dow. They had three new entries. Randy warren, warren financial services. Chief investment officer. He says the best way to play the markets is in equities. He has three top picks. Larry shover, our standardbearer from the cme. Larry, i want to start with you. I call it a relief rally because of news on syria. We got this as breaking news. John kerry will meet on thursday with russias foreign minister. Talk about the plan that started accidentally came out of the mouth of john kerry. It turned into reality as russians and syrians turned it over. Looks like it might become policy. Is all this is relief rally what were seeing in the market . Another way to put it. David it is painful rally. This started at end of august. People were downsizing exposure to the stock market with a mine filed of things around us, syria, tapering, what have you. People were very worried and as things go we see a tremendous impressive rally, eight of the nine last d
A U.S. or full-on Western energy ban on Russian oil and gas is now one step closer to fruition, as Democrats and Republicans reach a bipartisan deal that would pave the way for the legislation