No legal basis to visit the sites. A man who was once one of the most powerful politicians in new york state has begun serving his prison sentence for corruption. Former Assembly Speaker Sheldon Silver reported to a prison in new york today. He was sentenced earlier this year to 6. 5 years behind bars. In 2015onvicted later but the appeals have kept him out of prison. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton, this is bloomberg. It is 1 00 in new york in 1 00 a. M. In hong kong. Welcome to Bloomberg Markets. Here are the top stories that we are following today. The u. S. Housing search, prices rise as Mortgage Rates remain near record lows. We talk with tim mayopoulos, a former ceo of fannie mae. One thing that could hurt the bounce back in the economy, became laura. It is set to slam in the gulf coast as a category four storm. We have the latest. Plus, a conversation wit
We continue to see a solid bid today for some of the risk havens, we are seeing the german tenyear bid with 38 basis points. If you are equity performances going in one direction, your bond performance is going in the other. Those mainly balancing each other out in a balanced portfolio. Vonnie lets get to the markets. We have the dow down more than 4 . Down 7 since the inauguration and that means it has erased all of its losses since the election. Just one metric. You can also look at how much of the bull market in previous times has been erased so far. It was a 57 erasure in the 1987 crash. We will see where we end up with this particular one. Author lows of the session, dow down 3. 8 . The s p down 3. 8 and the nasdaq down 3. 2 . The dollar index, a little relief, 102. 35. T was below 102 where do we stand in d. C. . Following todays announcement of a massive package of stimulus from the Federal Reserve, joining us is bloombergs anna edgerson. When do we anticipate we will have somet
London and various european capitals on whether or not Boris Johnsons deal will fly. The lira trading lower by around a percent today. I suspect that has to do more with Interest Rates than what is potentially happening in syria. Vonnie hsbc looking to cut 10,000 jobs, dropping its french Retail Business entirely. The interim ceo looking to potentially take the reins on a permanent basis. Banks begin reporting next week. We are with mike mayo, wells fargo managing director and head of u. S. Largecap research. Not a huge amount, but still, 10,000 jobs is very substantial. Does hsbc need to rethink its strategy and potentially become a china vanke once more . Mike i think all banks globally need to rethink their strategies. A response to slow revenue growth, what do you need to do to control the bottom line . Control expenses. One way you do that is with technology. Benefit of technology at banks is in the nontechnology space, and that comes down to headcount. Youre seeing that other ban
Bill aimed at encouraging the development of energyefficient technologies for use in both commercial and residential buildings. Senate majority leader harry reid expressed dismay that efforts had failed to yield an overall agreement on amendments to move the bill forward, but he says hes hopeful members can regroup this week to advance the measure. Today theyll also debate and vote on two judicial nominations to the u. S. Court of federal claims. Over in the house, theres a brief pro forma session at 2 eastern, no legislative business expected. A comprehensive Forest Management bill that would direct the Agricultural Department to establish Timber Harvesting zones, also to resize and renew nutrition assistance programs that were not included in the farm bill. Follow the house live on cspan and the senate on cspan2. Cspan, created by americas Cable Companies in 1979, brought to you as a Public Service by your television provider. Host well, it was in 2010 that the federal Communications
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