Meaning less demand for oil. Meanwhile similar story in bond market, yield on 10year treasury below 4 tenths of a percent overnight. Now we are staying right under and it is down 28 basis points. Again, another indication of a recession at hand. The 30year following 1 for the first time in history. The 30year bond, the yield there at. 883 . Thats down 40 basis points this morning. Global markets reacting to all of this this morning in the stock market. Deep selloff in europe. The cac quarante down 335 points. That is 6 and a half percent and dax index in germany lower by 672. Overnight in asia across the board. Chinese experts tumbled in the month of january, more signs of trouble in japan as well. First quarter gdp lower in japan showing the economy contracted 7. 1 from the previous quarter. Thats a sharp contraction in japan. This on top of the Coronavirus Crisis, cases in the United States and abroad are growing. The white house looking into emergency measures. Overseas italy report
At book christ in crisis. Nine a clock a. M. , the Heritage Foundation on the trump administrations economic record and how it could impact the 2020 election. Trumps economic record and how it could impact the election. Host good morning. It is tuesday, december 24. A3 hour washington journal is ahead. We will begin by getting your view on the legacy of the Affordable Care act. It was 10 years ago today the Senate Passed legislation some dub obamacare. We want to know what the impact has been on your family and your community, phone lines are on your screen. Republicans, 2027488001. Democrats, 2027488000. Ndependents, 2027488002 you can also send us a text message this morning. That number, 2027488003. Onerwise, catch up with us social media. On twitter it is cspanwj. On facebook it is facebook. Com cspan. Morning, youuesday can start calling in now as we take you back to 10 years ago, this was president barack obama at the white house the evening after the senate held that vote, a par
The white house just a short time ago and a lot of more, but first, breaking moments ago, yet another pivot from President Biden on a zero. Member on tuesday he stunned our ally israel by calling their methods in the war on gaza a mistake after native vehicle was bombed. Watch this. Ella tell you what i think hes doing is a mistake, i dont agree with his approach, i think it is outrageous that those three vehicles were hit by drones and taken out on the highway, it was along the shore, wasnt like there was a convoy moving. So what im calling for is for the israelis to just call for a ceasefire, allow for the next six to eight weeks, total access for all food and medicine to go into the country. Martha those comments sparked outrage among supporters of israel who fear among other things an eminent retaliatory attack on israel potentially by iran. The president sought to reassure moments ago was some slightly different toned comments in the rose garden where he was speaking with japans P
Yesterdays record drop played out. This is a time lapse video of what happened with the dow down 200, down 300, down 400 as you got closer to the end of the day, down 1600 points almost at one point by the end of the session, 1,175 point decline. Decline of 4. 6 . This is the biggest point drop in history add it up, the dow traveled 5100 points yesterday down 4. 6 does not rank in the top 12 or 15 declines weve ever seen the biggest decline was october of 1987, a 22 decline this was enough to get peoples attention. The dow and s p lost more than a third of their 2017 gains just during the last two sessions if you were wondering what else was going on behind the scenes, volatility this was the big story volatility is back yesterday we were talking at this time about volatility being up at 17 that was a big deal. By the end of the session it was above 35 for a gain of 115 . This morning you see volatility up once again, another 14 this morning, 4262. Mike santoli, this is something that
Any changes in regards to special counsel. Todays announcement has nothing to do with the president , nothing to do with the president campaign. Or campaign activity. We learned today that a trump foreignpolicy advisor, George Papadopoulos pleaded guilty earlier this month to making false statements to the fbi when investigators asked him about his contacts with a foreigner with ties to the kremlin. Meanwhile, the indictment lays out a significant case, against Paul Manafort. So far, it does not include any work he did for the campaign. The charges against him and his former associate rick gates focus on work they did in ukraine including allegations of Money Laundering and lying about it. The tying of the plea and the indictment could be significant. Manafort has long been seen as a potential target for investigators, they may be trying to flip him to get him to testify against others. He knows where the bodies are buried, he was an intimate. If anything happened wrong there is no evi