will they be indifferent about authorities seeking to recover classified materials? that s today s poll question, which i ll share in a moment. it may depend upon responses by trump s gop opponents. most weren t quick to weigh in before the indictment was unsealed. ron desantis tweeted, the weaponization of federal law enforcement represents a threat to a free society. mike pence used the same word while calling for the unsealing of the indictment. the american people should be able to judge for themselves whether this is just the latest incident of weaponization and politicization at the justice department, or if it s something different, he said. ditto for tim scott on the weaponization charge. the committing to pardon trump immediately upon his own swearing in. chris christie kept his powder dry initially saying we don t get our news from truth social, trump s account. let s see what the facts are when an indictment is released. asa hutchinson called for trump to withdraw
Chatgpt but with chatgpt boom with a stake in openai. Publicly traded markets from the macro context, this is one where we see a search for safety. Iran, israel, geopolitical risks heightened, and a squaring away of certain volatility that weve seen throughout the week when it comes to concerns about cpi, ppi as we move towards the weekend. Equities for once are moving the opposite way of the bond market, even though the bond market has been selling off it managed to ride higher. Today is the opposite paired we have seen money move into the havens that are the 10 year yield off by 8, 9 basis points. Money moving there. Money moving into the bloomberg dollar index, the highest weve seen since 2024. Money coming out of equities as we worry about geopolitical tensions off by one point 1. 4 on the nasdaq. Moving on, having a look at what is happening at another key risk asset, actually surprisingly flat for bitcoin over the course of a week. No volatility on a daytoday basis, we have just
Is Bloomberg Markets asia. It was a day for the record books. We have been constantly saying records for higher and higher. Pullback thathe everyone has been inspected but this is due to the aggressiveness. This is second only to the selloff of the top Credit Rating. This is the severity of the cell up when it comes to what we saw after brexit. It is worse than what we saw after china devalued its currency unexpectedly. David you hit the now on the head. We are not used to seeing days like this. Ground, thek at the we had consistent declines of over 1 , were looking that in the asiapacific. Look at the boards here. It took place in august of 2015. That is when china devalued its counties. These things dont happen to often. Is this a bear market . No it is not, it is a healthy correction. Do those conditions involved . Were watching the long end of the year curve. Watch what we are seeing across the measure of volatility. A lot of people were talking about but not a lot of people were p
This falls on the heels of other cosmic numbers around the globe. On the manufacturing friend throughout the day, december ism Manufacturing Index rising at the fastest pace in two years at the 54. 7. That prices paid gauge i mentioned is that the highest since june 2011. We have been seeing stocks climb this morning because of the manufacturing numbers from around the globe, in particular out of china. 19,891 on the at dow, so short of 20,000 but we continue to watch for that level into the new year. Chesapeake getting. 75 of 1 and the numbers around the globe on manufacturing, take a look at the bloomberg. A look at the chart globally. At 54. 7, the purple line is the eurozone number, also showing strength in the chinese official pmi is predicted to kick up by a couple of different measures. Lending to some of the gains we are seeing in stocks around the globe. Also, we have been watching what is going on the commodity groups, specifically with oil prices as we do have these opec cut
Ms. Pelosi we had votes so well have to go quickly here. Sorry for the delay. By the time we were together was following the collapse of trumpcare. Since then, President Trump has said that it wasnt his idea in the first place. He wanted to do tax reform first anyway. The speaker has now said he wanted trumpcare first. And this was very instructive and dont come here and say what the speaker said, but what he saiwe couldnt have done taxes first because we had to do the repeal first because we needed that trillion dollars in rder to do the tax reform. So he admitted that they needed to take the money out of the pockets of working families in our country to give money to the richest people in our country. As i always said, this was not a health plan. But first of all, lets just stipulate to some facts here. The republicans never really wanted to have health reform. The republicans in congress now. The bill that we have is a republican idea that was romneycare in massachusetts developed b