A booming jobs report. More jobs is a good thing, but this time, it could cost you. President biden is set to speak this hour, and we will bring that to you, live. This is a quote for you. People are pissed, and those people are moderate House Republicans who dont want to see a televised debate between the speaker candidates, and where do things stand this morning after trump made an endorsement. And trump and nuclear s secrets and a australian billionaire. Did trump disclose nuclear sub secrets to a Cardboard Tycoon from australia . Sara is off today, and im kate bolduan with john berman. Insanity circus is how you could describe this show, but it is how some are describing this televised debate of sorts of the leading candidates to become house speaker. Jim jordan and kevin hearn, you can see them right there, they are to participate, and that is swirling around the house conference, and in the meantime, donald trump is putting his full support behind jim jordan. Lauren fox is joinin
Surveillance, on tv and radio, alongside tom keene, and lisa abramowicz. I am jonathan ferro. The equity market on the s p up by 0. 5 . I think we can call this a month to forget. Tom in and a quarter to forget as well. The same tensions we have seen off the week. I will go back to something we said months and months ago. The acclaimed black swan quantitative finance expert, taleb, said the gravity has returned to the market. It was a great september. Jonathan it could stronger in the market. What a range we have seen. The high yesterday 4. 6 861 on the 10year yield. This morning, 4. 54. I am not sure what that is based on. Lisa a maybe we got softer than expected inflation out of europe and very little in japan that did little for the market. I am curious how much we are looking at out of the market. Suddenly bond markets are what issuing showing the volatility normally associated with different asset classes. Tom i dont know what we had in the hd block. I am certain in the first bloc
Of the house and senate. On the right, youve got live picture of the house floor, where one hour ago, members rejected the shortterm funding bill, 232 to 198. That bill would have kept the government running through october 31st, but the Freedom Caucus, a band of breakaway conservative republicans led by matt gaetz of florida insisted they would block it. On the senate floor you see Chuck Schumer of new york. A couple things happening, talking the state of new york which declared a state of emergency due to extreme flooding. There are a whole bunch of issues that are very lifethreatening. Hes talking about that and the Senate Bipartisan bill that they would love to see the house tackle. It is not going to happen. As the government careens toward a shut down, the picture of the Dow Jones Industrials, the blue chips have seen again of 227 points but as soon as the failure of the vote on the house floor came through, a big drop, went to the lows of the session. The s p at the moment the s
Up his sleeve . Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, karen finerman, dan nathan, and guy adami. And we start off with a stat we havent seen since the turn of the century. The average rate of a 30year fixed mortgage climbing to its highest level in 23 years. And Monthly Payments are rising at a staggering rate. Cnbcs diana olick has the details. Diana . Reporter melissa, Mortgage Rates have been on a tear, and there appears to be no relief in sight. The average rate at 7. 65 today, according to mortgage news daily, up from 7. 08 just a month ago. And up from 2. 8 two years ago, which was the record low. To give you an idea of what that means to a home buyer today, well, if you were going to buy a 400,000 home with 20 down on your mortgage payment, is now 920 per month more than it would have been just two years ago. Add to that higher home prices and you can see how affordability has just been crushed. Now, we saw it in the pen
Scenario. We will speak with bruce richards, Marathon Asset Management chairman and ceo. We are going to speak to the mercedesbenz ceo on the state of the auto industry. Welcome to bloomberg markets. There is a knot of news flow but equities going equity equities going absolutely nowhere. Guy you must have read those headlines with a spring in your step. Alix if we are looking at a new range, 80100, that also might be a little different, but different for who . Investors or the fed . Guy im wondering how much jargon i said it, you are not allowed to. You are banned from using any oil jargon. No oil jargon. I can do it, you cant. Alix thats fine. You cant say esaf. Guy Sustainable Aviation fuel is what she is talking about. Does 100 oil mean stagflation not only for the u. S. Economy but the Global Economy . Lets bring in our panel to discuss. You can take the strudel out of his mouth but you cant take opec out of his blood. Im going to start with you. You arent opec veteran. Are we goi