From a nowlikely partial shutdown which could affect everything from Student Loan Repayment assistance to Mortgage Loan applications, to air travel. Hillary vaughn is live from capitol hill with the details. Everythings changing. Whats the latest, hillary . Reporter hey, david. Well, were looking at the impact that a possible Government Shutdown might have on the stock market. Historically, a short or long shutdown does not have a major impact on the stock market. Research shows during the last 20 shutdowns dating back to the 70s, stocks have been up 50 of the time during the actual shutdown, and a year after the shutdown of ten days or more, other Research Shows the s p 500 gain on average 18 . But a shutdown, long or short, certainly devastating to the individuals who are temporarily without pay and also the Small Businesses that a rely on people showing up to work in government buildings for tear customer bas. Immediately, any federal worker that is deemed not essential will stay ho
Destruction are actually mounting. The old fed playbook says this is the way it is supposed suppoh be. They are supposed to break a lot of stuff. Well ask chicago fed president Austan Goolsbee in exclusive interview, while something his grandpa said to him, thinking there may be a different way for god policy to break out. Our panel will react to last nights debate. I will give my buy, sell, hold rating on the candidates with my specs guest Beverly Hallberg. All that and more on making money. Charles we have liftoff, folks, and it aint the stuff you want lifting off. This is what they call on wall street a par bolick move. A slang that something goes up high rate of velocity and magnitude on the chart. These things are going up at a high rate of velocity and magnitude on the charts. 10year bond yield, but the 10year bond yield that is absolutely monday boggling. Remember when we were down here this was supposed to be the resistance point . Looks like it wont stop. There are so many imp
Down 70 points. The nasdaq was the standout yesterday adding 1. 6 to close at the alltime high. Apple was up 4 on reports that it could be overhauling the mac line. We have more coming up in a bit. To the treasury market, lets look at what is happening with yields. This is a wild week for yields. The tenyear yield is lower. Still well above 4. 5 . 4. 53 right now. The twoyear note at 4. 92 . Lets also look at crude oil prices. The prices are moving higher on rising tensions in the middle east. In fact, this morning, you see things up by 1 for wti. 86. 05 a barrel. We are waiting for the banks to report. Over the next hour, Jpmorgan Chase and wells fargo and the Worlds Largest money manager blackrock and citi will turn in the First Quarter report card. We will get reaction as soon as numbers are released. We need to get to leslie picker because black rock is out. Leslie. Bottom line in at 981. A 24 year over year. Top line is 4. 728 billion. Up 11 year over year. Aum at 10. 5 trillion.
, and im Francine Lacqua, alongside mark barton. The French Ministry of finance is discussing funding plans to put a stop to Climate Change. Well be speaking exclusively to the french finance minister in about 30 minutes. A little later t, we will be laurent to th mignon. Mark the stoxx 600, the best run since november 1. You look at sterling trading lower against the dollar. It fell last week, falling today as investors and analysts tilde into the agreements that took place on friday analysts delve into the agreements that took place on friday. Anys to be rubberstamped by the European Council this week. We have got the fed, the ecb and boe all unveiling their ate decisions. Only the fed is expected to move on policy, raising rates. Its expected by 25 basis poin ts. Gold is rising today, up by. 1 . Lets get the bloomberg first word news. Reporter french president macron says Donald Trumps decision to recognize jerusalem as israels capital is dangerous. He hosted the israeli Prime Minis
Is taking care of our constituents at home. Voices from the states on cspan. Maine Governor Paul Lepage delivered his final state of the state address last week at the statehouse in augustine. He said he will not move forward to a voter approved measure to expand medicaid because the state legislature hasnt determined to pay for it. He leaves office in january of 2019 after eight years on term limits. [applause] thank you so much. Members of the 128th legislature, distinguished guests, and my fellow citizens, i want to briefly remember Paul Mitchell of waterville, brother of senator mitchell, who passed away this weekend. He was a dedicated Public Servant and a good friend. As i begin the last state of the state address of my time as governor of this great state, let me be first to thank my wife. Honey, please stand. [applause] first of all, she looks gorgeous. [laughing] [applause] she has been unwavering as a representative from the governor to the people of the state of maine. And h