Session here. We are seeing korean stocks up, some 4 . This has certainly been a shift in the risk on sentiment we are seeing. The concerns over the waves are being brushed aside. Across assetsg here. When it comes to your bond, we are seeing yield ticking higher. 73 basis points for your u. S. Tenyear. We saw a rise but it is petering off. Did selloff overnight. Take a look at currencies, the dollar dropped will be the key story here. That is living these markets here today. As aen has been steady rock here. Despite the volatility we have seen. That should give some breathing room for the boj. Perhaps they are likely to sit tight when it comes to policy levers but look for hints on what they do with the Corporate Funding program. Youre seeing that dollar is really trickling through here. The taiwanese dollar is blaring green here today. We are up a third of 1 . The korean won strengthening. 7 . Mmb is unchanged. There has been a sense that the feds have the markets back. Letting the C
Opec meeting, psych cyber monday today. The benchmark yield around 2. 33. Our road map begins with the holiday return of the consumer black friday sales topped 5 billion. Cyber monday expected to set online records. Retailers are in the spotlight. Futures flat ahead of the first full trading day ahead of thanksgiving. And the Koch Brothers making a big bet on magazines, backing a meredith bid to buy time inc. Adob bee analysts expects consumers to spend 6. 6 billion this cyber monday. That would be up more than 16 from a year ago and bigger number than the 5 billion adobe says was spent online on friday. We talked about colder weather, and lean er inconvenienventorie reports that in store traffic was down maybe a percent, maybe a little more, but not dramatically. Thats a good test of exactly how low expectations had been for basically physical scores. They dont look like they will broadly give back the pop they had on friday. So many things working in the background in favor of having
Airlines, what have you. Theres two things that happen. Once a commission interests itself in a particular area, puts a sign out that says open for business, which is basically what we did when we did the open Internet Order, right . What happens . Firms realize, oh, i dont get to make money looking at customers and making investments, i make money by going to the regulators and getting them to favor me and disfavor others. The phrase economists use for this is rent seeking. And thats what it does, it opens up rent seeking. For 30 years we never had any complaints about interconnection. Since 2010 weve had a number of complaints. Why . Open for business. The second thing that happens, and this is, i think, the most dangerous part of it, is even though the commissioners may say, well, we want to limit how much we regulate, okay . That wont happen. They will be under constant pressure to expand the regulatory writ. And weve seen this happen now. Level iii, for example, in 2010 said lets
FDA provided an update on the implementation of new accelerated approval authorities and emphasized that drugs approved under the pathway meet efficacy requirements.
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