Service with the intent to promote or facilitate prostitution. This amendment avoids creating a broad federal law that covers conduct that is not necessarily federal in nature. Second, the amendment distribute managers amendment strikes language from the underlying bills civil recovery provision that was intended to encourage victims to successfully plead their cases. However, the language could have created a risk of confusion by the courts and so it has been removed. Further, the managers amendment clarifies that mandatory restitution provision is only applicable to victims of sex trafficking, not to those who voluntarily have engaged in prostitution. Finally, the managers amendment adds language inadvertently omitted from the original bill which permits defendants who face an aggravated charge for promoting or facilitating more than five people to assert the statutes of affirmative defense. If a defendant can prove advertisements were targeted where promotion is legal. Mr. Chairman,
It was a good day. European markets have been reacting to the day we had on monday and, they are all losing to the tune of lets call it over 2 you can see germany dax have been particularly weak not just yesterday but last week as well. The german what they should be higher than ours, their central bank loves to try to take business. They have not reached those negative rates yeah. Speaking of rates by the way, it is such an enormous concern i guess of our markets as we watch the 10yr hits a 4 and 5 last week on job number on friday we backed off on the yield as you can see that upton pri o price. Oil, that hurts now, on our road map this morning. It starts with the global sell off and the markets around the world. U. S. Futures you saw it pointing to another big day of potential losses with the stock market plunging of just whats driving this decline and what are you doing to protect your portfolio. Well look at whats taking the biggest hits or find any bright spots thats out there it
More hikes. A big day for stocks but not if you are a bull. The selloff started friday and im even sharper on this monday. Even as stocks suffer their biggest losses since 2008 the bond market started acting more like the usual correlation. Stock started plunging we got a nice rally in the u. S. Treasury market and we ended up benchmark 10 year. Yesterday morning we saw that 10 year testing at 2. 8 . It has been a big year in on movement. We have seen a little of that sign, butd be a good there was about 15 minutes of frantic selling on the dow, that flash crash. It is raising some eyebrows. This runup that we saw in january, this could be some type of a healthy signal. There are a lot of questions on how much pain we would have to endorse here. Guestsf questions to our this morning. Kathleen and a perfect time to be asking them. The biggestre on stock plunging in 6. 5 years. Erasing alls p 500 gains for the year. The vix volatility index wow. And i biggest spike ever spoke to an exper
Thank goodness larry davis coming back because you need to curve your enthusiasm for this market, something good happens the dow gained 39 points, s p climbing. 1 nasdaq,. 10 a fresh alltime record. Let me stay straight out i see lots of questionable thing after the close of this training session. Were got reactions from adobe, one of my favorites. A hideous report from a big miss from fedex because of the cyber attack no less. As is often the case i leave mer shaking my head, the rally cant possibly continue. The next day, good news. My skepticism is in place. This morning, spoken to free partner david saber, the best investor partner on earth. Tmobile talking about joining in with a phone company. Tmobiles up 60 , prisprint fas 7 o lets go over all the way this was not expected every since tmobile reported what i thought was a good quarter, the stock has been selling off. The wireless psyching, the auto, housing cycle as they kept seeing has beat. The stock of verizon and at t has be
Bad. Say again . Theres reversal in some of them. Yeah, little change lets call it. Volumes still up, 80 above the threemonth average by the way. Global fixed income had a bit of a rally also. Speaking of fixed income, lets look at the 10year. There you see it, 2. 246. Crude is up. Yesterday too, wasnt it . Yeah, i mean, again people hope that the end of november theyll be some sort of cutbacks. It all just seems very chimerical, but it will say this. Traders get short and get between 42 and 43 and get crushed over and over again by the opening. Right. Lets get to the road map this morning. Of course it starts with janet yellen on the hill testifying on the health of the u. S. Economy and the timing for a rate hike. Plus donald trump taking some interesting meetings in new york today. Shinzo abe going to find his way to trump tower, we believe. A handful of ceos as well. And well have an update on the transition effort. Walmart out with results, sales were not quite where the company h