Moved and we do not know about bob corker and jeff flake. They are not really needed. If sin if Susan Collins comes on, it is a 5050 split and mike pence will be the tiebreaker. Shery we have heard from ron johnson who was a guest. Towho is a yes, he wants expand tax credits for pastor businesses and James Lankford, he had concerns about the size of the deficit. He is on board and says he will vote yes. If senator bob corker and jeff flake and Susan Collins announce a decision expected to announce a decision in a few hours. Vonnie amazing it comes down to Susan Collins. On the health care debate. It was down to her and john mccain who was the ultimate decider. The second time for Susan Collins. That is not the only news. Doolittleto abigail for the sharp Market Reaction this past 1. 5 hours. A risk off reaction to the news that Michael Flynn has pleaded guilty, greed to cooperate in the pressure probe pressure probe russia probe. Abc news says he may be willing to testify against donal
, one of the three softer currencies against the dollar. I wanted to follow the tech selloff. Nasdaq futures are down again. 7 . We have seen that industry continue. Lets get an update and wants making headlines. Emma chandra is here. Am it there is a turn in the tax bill debate and Republican Leaders are scrambling to save the bill. Mitch mcconnell sent lawmakers home last night. They are looking to offset the cost of the measure. While republicans are asking the tax cut not drive up the nations debt. The price of oil is rising after opec will keep production curbs in place. Libya and nigeria have joined the agreement. Opec and allies like russia are trying to reduce global stockpiles. Oil prices are up 20 since september. Parties on both sides of the irish border issued are refusing to compromise. They are trying to deal with the hard border. The eu will not let trade talks continue until there is an agreement. Global news 24 hours a day powered by more than 2600 journalists and anal
Good morning, everybody. Its 6 00 here in london. Year, if you are just rejoining us. The nikkei 225 just rejoining us today and the japanese markets just rejoining the new years freight. Up by. 75 on the nikkei 225. Thats playing catchup from previous days at the trading year so or but it follows on from you records on wall street, the gradual approach being referred by the fed if any conclusions can be taken away from the fed minutes yesterday and the biggest oneday increase in the japanese equity market may, partying like its 1991 apparently in japanese stock. U. S. Is the yield on the 10 year. Andreaction from the fed the prospect of higher Interest Rates. That was the case really through 2017. We did not get any explicit clues around a hike in march and some point to a change in personnel, clearly one of the reasons in the mix there. Oil,rice for a barrel of up and moving higher, up 5. 9 this morning. Now above 62 a barrel. The dallas fed has done a survey that suggest for many in
David time for our daybreak first take. We discussed the top three stories of the morning. First up, equities on the rebound. Second, the outflows from the bond funds. Rd, dreamers did not third, dreamers. They did not get to an agreement in the senate. Michael mckee, we want to start with u. S. Stocks. We are back where we started the year, despite the turmoil. U. S. Stocks are where they started the year. Much. An stocks, not so they have lagged behind. Are we in the midst of a rate hike tantrum. We had seen a thin reaction. There are two points here. Performance in five years, that is silly. We went down, we went up. If you are looking at this, you the to see, not so much absolute level, but what kinds of things are being bought and what is being sold. Other assets are highly risky. Did come in and clean out the safelyso you can more move up. Make the case that equities can still rise. What happened the last couple of weeks, was it a tantrum or did weeks the constructive moves . Has
Higher again, it has been a sharp rebound from the lows. Futures up 90 on the dow 36 on the nasdaq just under 10 on the s p 500 dow closed above 25,000 again yesterday. How about asia a check on the overnight session. China is closed, right, for the holiday . Yes, the Lunar New Year the Chinese Exchange was closed except for the nikkei you dont believe it until you read it in the teleprompter. I would believe him before the teleprompter did you do fast moneyfast mont night . No, there is no fast money. I knew that i watch around the clock. I do. European equities to check on those as well. Lets see how we are set up for the session here there is the nikkei in japan that was the lone market in asia great across the board for europe strongest gains on the periphery. Italy and spain up about. 08 the tenyear yield, just under 2. 9 there, you can see the rest. 30year, 3. 14, the fiveyear, 2. 639 we were eigall waiting for tt three and didnt get it. It went the other way. You listen to rick.