New deal. They say they wont talk about that unless you relief sanctions. What is left to sanction . Alix i really couldnt tell you. We are going to break that down and discuss more on that in the next couple of hours. In the markets, it is a little bit of just hanging out. The s p had a record high thursday. Now up by six points. We are just waiting for that g20. Eurodollar up by 2 10 of 1 . Forget about the germany info index just bad. You are see but you are still seeing buying into the bond market. Crude up by 7 10 of 1 . Not as much as you would think compared to the geoPolitical Risk. David absolutely. Time now for the morning brief. Secretary of state mike pompeo travels to india today in the midst of a growing dispute there over tariffs. Tuesday we get u. S. Housing numbers and the treasury options 2 billion into your notes. Wednesday is the first night of the democratic president ial debates. Thursday, major u. S. Banks get the final results of their stress tests. Friday, g20
He was looking at a way to demote jay powell so he wouldnt be chair anymore, not fire him. I think a lot of people think it would be against the law. I asked senator tillis from north carolina, who is on the finance committee. He thought maybe it was possible. President , ithe is his administration. He should look at everything he can do within his legal authority. I havent reviewed the legal analysis, but theyve got a lot of smart people in the white house. It probably is within his authority not to remove him, but potentially consider another chair. David it sums like if you were to do that, the Republican Senate wouldnt stop him. Alix well no, of course not. Someone, who would he pick . Of uld be the perfect the perfect dove . David i think you will come out for blood if he doesnt get his rate cuts. Stay with bloomberg as we bring you live coverage of the latest decision, followed by jay powells news conference, starting at two is like this afternoon. Alix from one politician to ano
Low. If the spread is a tiny bit steeper in the u. S. David im not sure how to. Lets take a look ahead. We will look at the details from the meeting of the fat and the European Central bank. Janet yellen will be speaking. Philip hammond produces the u. K. Budget statement. Thanksgiving is thursday. The Retail Shopping season kicks off in the United States with black friday. Alix ive got a list of things on amazon im waiting to all the trigger on when the price goes down. The big news over the weekend was the failure of Angela Merkel to put together a coalition and form a new government. Three government democrats walked out last night after failing to overcome differences on immigration and other issues you if you look at the euro, it is lower than rebounded and then rolled over a little bit as we heard more aggressive talk and question marks about who would be the leader. The dax is recovering from a sevenweek low. We are joined by matt miller in berlin it. Miller, tell us about the e
S p futures up by four points. Eurodollar a little bit weaker. The dollar is finally getting a rally. The first time in about five days. 10 year yield pretty much goes nowhere. We had the big selloff all across the bond market. By. 5 . The 10 year breakeven rate is up over 2 . Level it crossed that level just yesterday into the fed meeting. It looks like the market is starting to price in more future inflation. I am sure we will understand it all after we read those minutes. Lets get a on whats making headlines from outside the business world. Emma chandra is here. President trump has a warning for north koreas leader kim jongun. The president tweeted that he has a much bigger and more powerful Nuclear Button. He was responding to kims warning that the Nuclear Button is always on my desk. Theres been a major diplomatic right through between the two koreas. North korea called south korea on a hotline that hasnt been used in years. In germany the Unemployment Rate has fallen to a record
Brief. At 1 00 eastern time, we will see hear from randal quarles. At midnight tonight, the u. S. Government will shut down unless of the house and senate can, up with a lastminute compromise. Now, lets find out what is going on outside the business world. Time is running out for a partialo avert shutdown of the u. S. Government pay the house passed a measure that would keep the government open past tonight while Lawmakers Debate a longterm spending measure. Senate say they have the votes to block the bill. They want to include productions for young undocumented immigrants. According to people familiar with the matter, the fed wants to relax part of the post crisis demand to drastically increase capital levels. The fed is said to be opposed by the fdic, which has authority over banking rules. The European Central bank seems to be getting closer to signaling an end to quantitative easing. Almost half of those surveyed believe there will be a definite end date by june. That is a sign tha