86point gain. S p and nasdaq also looking to be higher at the open. In other news, lebron james is trying to do damage control after criticizing the Houston Rockets general manager darryl morey for his comments on the hong kong protests. Wait until you hear what lebron is saying now. The democrat president ial candidates are in ohio for their big debate tonight. You can bet they are going to rip President Trump and promote their far left policies so how will that play in ohio, of all places . We are on that all morning long. And we have a lot to go at this morning, including Mark Zuckerberg meeting with some big name conservatives, walmart delivering groceries right to your fridge. That and so much more. Varney company starts right now. Charles hey, go happy birthday to you ashley go, baby, go. Charles stevie wonder, folks. Classic happy birthday in honor of fox business. Its our twelfth anniversary. The Network Launched 12 years ago today. Golly, time flies. We are of course thankful
As we have mentioned, london today will witness the pomp and ceremony of the queens speech. Thats when the British Government sets out its legislative programme for the next session of parliament. Its expected to include big plans to splash taxpayers cash, after the chancellor sajid javid last month declared the end of austerity, or government belt tightening, despite the brexit crisis. In fact, mrjavid promised the biggest increase in uk public spending in more than 15 years, as he outlined a £13. 8 billion pound package or this much in dollars. The trouble is, over recent years, taxpayers money hasnt been enough to cover expenditure, especially after the financial crisis. Total uk Government Debt is almost 2. 3 trillion, equivalent to more than 85 of the countrys total output. But the uk is not alone in taking such steps. Frances budget deficit didnt stop the government there promising 11 billion of tax cuts last month in its 2020 budget to boost investment and consumer confidence,
The earnings season gets into full swing a little bit later on. I think a lot of investors today are trying to digest this surge of bond yields and what that means for a possible rotation. The flipside to this think synchronized Global Growth, the impact on asset classes. We had a story with yen and th e boj. We know Philip Hammond and david davis are separately in germany. Now, coming up, we discuss super cars and making motorsports very cool again when it comes to for example, sustainable gas ceo. We get commodity calls from jeff curry at Goldman Sachs and a little bit later in the day, we bring you the exclusive interview with elizabeth warren. We talk immigration and tax. The children of undocumented immigrants are facing deportation from the country and have won a court order temporarily blocking the Trump Administrations decision to end the dreamer program. A judge in San Francisco rejected the argument that the courts do not have the authority to secondguess whether the presiden
But the hang seng and kospi reopened after the Lunar New Year holiday. South korea down 3 . Shanghai remains closed until the end of the week. Meanwhile, the dollar falling below 112 yen for the First Time Since late 2014. The level of the dollar and the spread between Interest Rates, the did you see the ten year . Its 162. Hard to believe that we are back there. Its sliding by tremendous amounts, by the day. I mean, it was at, i dont know, its like ten basis points lower today than it was yesterday on this prospect of negative rates. Do you really think that she was going to satisfy on the markets yesterday . No. Going into it she was never going to get what people fully wanted. No way. There were some people who wanted her to completely capitulate and walk back from the move in december. Not only did she not do that, she said we have no plans to cut rates again. But theres also nothing that she could have said to asewage the market. She could have said well do more qe and the market
The presiding officer the senate will come to order. The clerk will read a communication to the senate. The clerk washington, d. C, july 3, 2014. To the senate under the provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable thomas r. Carper, a senator from the state of delaware, to perform the duties of the chair. Signed patrick j. Leahy, signed patrick j. Leahy, the senate is out for the july 4 holiday and lawmakers will return to business monday july 7 and of course we will have live coverage of the senate on cspan2. Now we will take you back to the discussion on banking regulation focusing on community and International Bank in posted by boston university. The shadow finance hundred and 74 of assets of u. S. Banks. It is a very big market presence even as measured by those even let alone but i think it really is. So it is a clear issue for the industry and i think it is also a major one for the regulators and 40 occ. For the regulator