A strong china growth, and watching the three major indices billionaire head managers say theyre still buys equities, joining us for the first full hour of the show slight gains, but anything is good enough. Lets focus in on the big stories. Seema is watching the market record highs Steve Liesman is diving into gdp. Combing through the numbers, a number of sectors are climbing to new highs the ren sawn etf and russell welcome back, every year the 2000 is less than 2 away. Forgotten 40 is put out. Widely seen as a market breadth some of the standouts on this list, discovery, Madison Square, this together comprise 13 of the s p 500. And more good to see you, jonathan. Also i want to draw your attention to shares of railroad thank you for joining us. Thanks for having me. Operator csx, a very choppy day lets kick off with discovery. Why is that such a standout following mixed earnings, which name the company blamed on a its clearly an outoffavor softening industrial economy that stock is
The currency is also higher but it has taken over the conversation and brazil. David he said brazil and argentina were devaluing their currency. What has the central bank been doing . Julia the central bank has been trying to pop up the currency. It has late due to several factors, including the dollar being strong worldwide. A lot of it is not tied to brazil. There was some disappointment in the oil option. There were a lot of factors behind it. Argentina had the election earlier in the year and have currency controls for a while. They are not doing anything. The central banker is speaking at a luncheon and has just reiterated that the brazilian is a Floating Exchange currency we only intervene when there is dysfunction. David give us a sense of how important steel exports are from brazil to the United States. Julia is one of the biggest export products between brazil and the u. S. , the secondbiggest, trailing only oil. In terms of civil exports as a whole, it is not a lot. Brazil ex
In the wake of adam schiffs private testimony taking in the deep bunker in the capital. David i find that fascinating. We have heard from republican after republican that this is so unfair. Now it is not clear that trump wants it in the public. Erik the republican messaging has been all over the map. Lately they have been congealing around the idea that Mick Mulvaney and the other lower people in the state department came up with the scheme of ukraine on their own. You are hearing that a lot from ,ark meadows and jim jordan trumps chief defense lawmakers on the hill. They are saying they presume there was a quid pro quo, they presume a tide between the as in the investigation into the bidens and trump had nothing to do with that. David it is interesting you point that out. I noticed in the bill taylor transcript of his testimony, he said he did not know the president was responsible for this. He knows Rudy Giuliani was, but he did not know whether the president was involved. Could that
That will not happen today. It means attention turns to with the Withdrawal Agreement bill. This is a huge piece of legislation that would essentially bring the brexit deal and a part of the u. K. That is due to be published later this evening and then you should have votes on that tomorrow, the first of which would be a second reading and essentially if that goes through, it would be seen as a big win for the Prime Minister because it would mean mps back to brexit deal. They are happy for legislation to go forward to bring the brexit deal into u. K. Law. What would happen after that and what we expect the government to do is introduce a Program Motion that would accelerate the passage of the Withdrawal Agreement through the house of commons hoping to have it passed all its stages in the house of commons by friday. That would then set the stage for it to become part of u. K. Legislation by october 31. The current brexit deadline. David thank you so much. I think i understood that, but
After delaying its ipo and new details on facebooks newest project to develop augmented reality smart glasses. Worldwide exchange starts right now. Good morning, im Courtney Reagan in for Brian Sullivan this morning shares of fedex crumbling. The company missing on earnings and lowering guidance. Much more on that stock coming up you can see shares down more than 11 in the early going. Here is how your money and Global Markets are setting up their day. Stock futures are indicating a slightly lower average dow jones lower by 34 points s p by 4 and nasdaq by 10. 5. It is fed day. That is really the focus not just in the u. S. But around the world. Looking at the bond market we continue to watch closely the different between the 10year yield and the twoyear yield the two year is 1. 711 and the 10year at 1. 77. In japan, stocks closing slightly lower so nikkei down the hang seng as well. The composite is up by about a quarter. Everyone waiting to see what will happen when we hear from the