When and in our politics a lot of these legal questions that may be best directed at somebody else but i feel like you have a perspective when does a well see office of legislative Legal Counsel Legal Counsel scuse me guidance override the laws passed by congress. The office of Legal Counsel does not override laws passed by congress what it does is it passes legal opinion for those of us who are in the executive branch and the office of Legal Counsel legal opinion is binding to everyone within the executive branch. Good copy and i have 2 final questions im asking together to give you the time to answer them both. What is your assessment of how intelligence operations in general are going to be impacted by this latest episode and when i say episode im referring to the media circus the political circus the technical issues that are related to this whistle blower revelation you alluded to it in some of your previous questions but i would i would like your your assessment of how this can i
Coming down. They havees taken a hit. Accompanied this shift for stocks, or the seeming sentiment. Shift in the bond market as well. We see the 10 year old right 2 . Nd six point as we see some money flight out of stocks. We are seeing a similar situation with bonds. This is the net change in yield for the 5, 10 year yield. Andtwo has seen the biggest the past four months. We have seen that 86 point change there. It has been much more moderate for the longer end of the curve. Now the 10 year is picking up with those changes. Gettingd stocks back to the stoxx for a moment. It has gone on the downside today. Today. Trading it was one of the big winners last year. Merck is facing a potential classaction lawsuit contending they made a deal with the generic drug maker to delay competition for their cholesterol drug. Finally General Electric continuing their slide here as it has been battered over the past few days ill and the breakdown related to the Legacy Health insurance business. We are
Designing also, caution is in the air as President Donald Trump prepares to address the nation and the world. He will call for unity after a deeply divisive year. Yvonne just starting things off with breaking news out of south korea, Industrial Production numbers missing by a longshot here, here are your numbers, falling 6 for the month of december. We were expecting that we would see a bit of a rebound here of a contraction of 1. 5 . We were expecting in october 6 soe saw that plunge in we have not seen the momentum yet when it comes to these numbers even though export growth still remains quite strong. There is a lot going on with the south korean economy in general. Something to watch here, the month over month numbers not looking good as well. The territories down half of 1 . In the meantime, we have been talking about the red across the screen for the last 24 hours. We are expecting day three of decline here in the asiapacific. As we mentioned, we saw a Global Equity in general. S
The question is where next. Janet faces her semi annual grilling by lawmakers. Ceo garyormer saks cohn is the top person to take her job. While it has risen sharply, hedgings have been their bets. What are we expecting . Look at european futures. We have gains across the board. Up 0. 4 . Far more interesting is looking at on yields, especially considering what we have ahead or bank of canada. Take a look at 83 j chart of the german bund. A threeday chart of the german bund. We have seen moves like this recently. Spike toe saw a bigger read right now, looking at the 10 gain. Investors feel comfortable selling off the perceived safety of German Government debt. In terms of the risk sentiment, that is interesting. Basis points, that does not sell like a big move, but in terms of real money, that is a significant move. In terms of the gmm, lets look at what is happening. The upside for the turkish market. The Australian Market down. The brazilian market, overnight, gaining as well. Toeer v
Labs. There were promises that her company is going to survive. From bloomberg World Headquarters in new york, we are about 30 minutes into the trading session. I want to head to the markets desk where julie hyman is. It has been a mixed bag of earnings. We are at the hyatt the market. Julie we are at the high this session. That is partly because of earnings, partly because of a rally in energy and material stocks. Those are the best performance rear watching today. The nasdaq is lower at the moment. The s p and dow are holding on to their gain. The dow extending gains from yesterday, a ninemonth high. The nasdaq was at the highest of the year as well. It had paired its declines for the year to less than 2 . You can see it is lower today. It is now down a little more than 1 on the year. The s p and dow are higher and that climb is building. We should point out if you look at the s p by a couple of other measures including its total return index which fasters factors in dividends or equ