Revealed every day, it reveals that people are yucky. Thats all objectively bad, no matter whose lever you pull on voting day. But when you have behavior disgusting and unacceptable it isnt all of a sudden pal thattable and no biggy when your guy does it. Nancy pelosi did her best to minimize the actions of john conyers. But if the same charges were aimed the kevin brady she would barf asoup. Barf pea soup. The president tweeted of jones, quote, the last thing we need in alabama and the u. S. Senate is a schumer and pelosi puppet. Bad for our military and weak for the border and bad for our 2nd amendment and wants to raise taxes to the sky. One thing we should reasonably expect is a consistent response if there is any believable sincerity. Otherwise we have a broken and hypocritical system driven by political tribalism which is almost as bad as russia. Welcome to the show, comrade. Im kennedy. The Michigan Democratic congressman john conyers stepped down from his leadership position on
Sending shares higher. Ocado shares spike as the online retailer offers a tie up to grow its ecommerce business. And socgen says it will close about 15 of its banks as the french bank looks to cut costs. Well speak to the cfo at 14 00 cet. The uks largest lenders passed stress testing with flying colors. The bank of england indicated none of the banks it tested needed to raise additional capital. Rbs and barclays who fell short last year boosted capital to a sufficient level the bank of england also said banks could withstand a disorderly brexit, but governor mark carney hoped for a transition agreement soon. The time of achieving a transition agreement, the sooner the better i wont put an end date on it. Any transition period will be valuable we signaled back in june of this year some major risks around derivatives, around insurance, around data, around other aspects of the Financial System, these crosscutting issues, we provided weve done a lot of work since then and provided conside
Lets see what happened overnight in asia. The flnikkeiclosed down. Hang seng down by 5 points the shanghai composite up by a third of a percentage point. In europe in some early trading, looks like the dax is up by a third of a percentage point. The cac is up bay half py a half percentage point finally check out crude Oil Prices Crude Oil yesterday down by 1. 4 on some questions about u. S. Supply and also doubts about whether russia is going to be cutting output whether it will stick with that. This morning down 1 couple big stories were watching japans softbank offering to purchase shares of uber at a valuation of only 28 billio 4 . Thats a huge drop of the most recent valuation of 68 billion. Ubers board approved the investment in october. It would expand the board and cut the influence of founder travis kalanick. Big question about whether people will tend near this offer. The consortium is led by softbank, and they plan to take a stake of 14 in uber if they dont get it at this pri
Shiller numbers up too the president s pick to head the central bank prepares to testify on capitol hill. Plus. Crypto coin with 10,000 in sight this morning. House ways and means chair kevin brady will join us live this hour as the final details get hashed out as stocks look to set new record highs the president s choice to succeed janet yellen heads to capitol hill this morning. The fed governor will appear before the Senate Banking committee and in his prepared testimony propgsed continuity if hes confirmed we must be prepared to respond decisively and with appropriate force to new and unexpected threats to our nations financial stabilit prosperity, well bring you live coverage a lot of questions whether he thinks qe should be a permanent tool what he thinks of asset prices and inflation and regulation. I think youre going to hear answers you would have heard from janet yellen. I think one of the things that is surprising here is that the pick itself is very neutral its not like whe
3 30 p. M. Eastern today here is to follow the president to missouri. Future the Federal Reserve on deck set to testify today in the state of the economy on capitol hill as her possible successor thatcher nominee Jerome Powell was questioned by lawmakers. December 13th at the meeting. Features indicate a rally that will not quit on the heels of a triple digit. Dow industrial a quarter of a percent higher. The s p 500 positive. European bases right now but they make story with the ft 100 down to third to 1 . Caci passes a percent of the dax up almost 1 . Markets in asia close in japan, shanghai and china both. Hang seng and kospi lower. Suspect in deadly murder spree in custody this morning. Florida authorities have arrested a man they believed to be connect to do a series of killings in the tampa area. Details of a possible serial killer and his arrest is morning. 1 billion for freedom billion for freedom. One of the senior princes arrested in saudi arabia in recent crackdown has been