This is bloomberg daybreak europe. Im lizzy burden in london. Fitch stripped the u. S. Of its aaa Credit Rating citing deficits and an erosion of governance. Mobile equities sell off treasury secretary janet yellen blast the surprise decision calling arbitrary and outdated. Plus, donald trump charged. The former president is indicted over his efforts to overturn the 2020 president ial election. Charges he has repeatedly denied. We will bring you all the details. Good morning and welcome to wednesday. You might have as but of deja vu. Remember 2011 one s p downgraded the u. S. And triggered a selloff in risk assets around the world. It somewhat ironically boosted treasuries as investors sought out haven assets. Fitch as downgraded the u. S. For the First Time Since 1994, you will see that initially pushed treasuries higher before the move stabilized moving the two down a basis point. U. S. Futures now pointing to a lower opening. The rally that drove the s p up almost 30 from its octobe
desantis is finally in the race for president but not without a hitch right out of the starting gate. the governor s unusual choice to announce in an audio interview with elon musk on twitter, it was plagued by glitches and started 25 minutes late. desantis on fox later making light of the technical difficulties and laying out his vision for leading the country in a different direction. i m running to lead a great american comeback. we know the country is on the wrong track. we see it with our eyes. we feel it in our bones. we see the border being overrun, we see crime infesting the cities. what i will do is help restore normalcy to our communities, integrity to our institutions and sanity to our society. jessica dean is in miami with more on desantis big unveiling. r do you go with the crowd or do you look at the data yourself and cut against the grain? and i chose to do the latter. reporter: florida governor desantis attempt to declare candidacy for president in
The European Union membership debate. The speech comes as he sent a letter to the e. U. President , formalizing the governments stance. U. K. Bring in our political correspondent. And the managing director and member of the investment commangnac. The world waits to hear from the mans lips what it is he wants from you. There is the laundry list. What is the Sticking Point. Svenja that people had identified a few months ago, which is this idea, which is vaguely expressed as curbing mig ration, but means curbing in work benefits. And a lot of e. U. Members are saying this is dissemination, because ition, attacks the principle of Free Movement within the European Union. The idea is you are polish citizens. You come to the u. K. You have the same rights to claim welfare as a british citizen. What David Cameron is pushing for is for that to be restrictive. Off. it is a long way the theater of the beginning of theater of a very long how i look at it. There are many details to be worked out in
Successful couple of months since we last reported. As dennis mentioned we did have one, a minor recordable incident, a gentleman cut his arm while installing reinforcing steel and he did not want to leave the job and wrapped it up in duct tape and kept working and noticed that the blood was still dripping and so his foreman did send him in to get a few stitches, but minor only 12 stitches and he was back to work and is still working as far asvy been told. We have hit over 835,000 craft hours on the Transit Center to date since web corp work started with the utility and the fall of excavation work and 80 Percent Complete on the over all excavation and some of the other highlights that really in zones one and two were completely into the Water Proofing and map slab installation and the director and the pour in zones one and two and in the second half of zone one and two and three. And the thermal and grounding and we have the pictures grounding and the excavation is in full zone. And al
By at the capitol to give us the inside scoop and tell us what he wants. Meanwhile, the market rally came to a screeching halt. The dow fell 135 points on the day. The Fitch Rating Agency has put the u. S. Credit rating on watch which could send stocks lower tomorrow or maybe not, actually. Could be a great buying opportunity. Dominic chu is watching your money. The incomparable ann colter. Question, does she think the gop should keep fighting or retreat . Well hear from her in just a few moments. Another dramatic breaking news report of the kudlow report is starting right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. Feverish negotiations continue on capitol hill. Were getting closer to the october 17th debt deadline. The house was set to vote tonight on a republican plan but that apparently is not going to happen. Joining us now live from washington, d. C. , cnbc contributor, robert costa. Good evening, robert. What happened . Why isnt the vote being voted