Our top story this morning, the dow is continuing to rally, up more than 150 points as all three major indexes hit another record high earlier. For more on this, joined by chief investment strategist jim paulson. Good to have you back. Thanks for having me. We have been wondering why equities are rising in the face of rising yields some economic release disappointment clearest explanation is that even the bears are afraid of missing this train thats leaving the station. What do you say . I disagree with that in part, it is an incredible market, incredible price momentum. Maybe it is simply the resulted weve never had just breakout of optimism in all sobbiectors of economy, everything from main street to wall street looks good it is so rare in this recovery to have that feeling, it is just an unbelievable up side price momentum it is not that the markets are going up dramatically, up maybe 25 in the last year certainly good, but not like a 40 meld up run. It is more the fact it never go
Manufacturers up for a Third Straight quarter as exports drive expansion. Haidi chinas latest hong kong connect starts today, giving overseas investors access to the 10 trillion debt market. Beijing taking aim at washington after the pentagon sent theyve or shipment to disputed waters. Half an hour away from bond connect. The whole idea is to connect the world through hong kong, sending the northbound traffic to this 10 trillion bond market, corporate and sovereign as well, in china itself. What do we have . The idea is we have this big premium over china debt over u. S. 10 year debt, and hoping this will create demand, pushing yields down as we see that you cap balloon gap balloon. Of 120 five basis points difference between what you get in terms of yield in the u. S. Compared with china. Thats right. We are looking for the onshore rate as well as the dim sum bond and forstart never ring the chinese bond premium to start normalizing as well, closely correlated to money market rates. W
Family businesses. I am looking at the challenges you might face when you go into business with your family. In sport, theres a dream european debut for liverpools teenage defender Trent Alexander boult, as this free kick for his boyhood club helps put his side on the brink of qualifying for the group stage of the Champions League. What makes Boys And Girls different . Pretty lipstick, dresses, love hearts. Well meet the doctor who says stripping away Gender Stereotypes can change the way our children think. And carol has the weather. Good morning. Wet and windy in the west. That weather slowly moving east through the course of the day. In central, southern and eastern england, it should stay dry with some pleasant spells and stay dry in the sunshine. More in 15 minutes. Good morning. First, our main story. The largest warship ever built for the royal navy will arrive at its new home in portsmouth for the first time this morning. Hms Queen Elizabeth cost Three Billion pounds and weighs
And its Transfer Deadline Day in england as premier League Spending nears a january record. Good morning. Its tuesday january the 31st. Welcome to bbc Newsroom Live. Donald trump has sacked the United States top Legal Advisor after she questioned the legality of his travel ban. Sally yates, who was Acting Attorney General, said she couldnt defend his decision to temporarily stop refugees and citizens of seven mainly muslim countries from entering america. But the white house said in a statement that she had betrayed the department ofjustice. In the uk a former head of the horror Foreign Office has criticised theresa mays State Invitation to the president. He said the offer had been premature and put the offer had been premature and put the queen in a very difficult situation. Protests have been held in cities across the uk as of last night including in cardiff, seen here. An online petition calling for the state visit to be cancelled has gathered more than 1. 6 million signatures. His
A. M. Eastern tuesday morning. Join the discussion. Next a hearing on the u. S. Economic outlook with keith hall, director of the Congressional Budget Office that provides analysis. This is two hours. Welcome to the committee on the Budget Hearing on the Congressional Budget Offices and outlook. I want to thank everyone for being here this morning. Were holding the hearing to discuss the congressional economic outlook, which gives us a tenyear projection of our spending, our National Debt and how the economy is going to perform over the next decade. The report forms the corner stone of the work at the House Budget Committee and i want to thank everyone at the cbo for hard work in producing this report. Id also like to welcome the cdo director, keith hall, director hall, i do appreciate you taking the t time to testify today and lookak forward to your insight we discuss this report. Thei discussion we will have today is a serious one because we face enormous fiscal and economicwe challe