Be determined by the two leaders. The presiding officer without objection. Mr. Mcconnell now, mr. President , this week our friend and colleague, the senior senator from tennessee, will mark a major milestone in his states history. As of tomorrow, Lamar Alexander will have served as tennessees governor or u. S. Senator for 24 years, eight months and 15 days. More combined years in offices than any other tennessean. Of course, senator alexander also remains the only tennessee governor ever popularly elected to the United States senate. The only Tennessee Republican to be undefeated in six statewide primary elections, and his 2008 general election vote total of 1,579,477 votes is still the largest ever recorded by a tennessee statewide candidate. So, mr. President , i ask consent that a statement from the tennessee secretary of state, trey hargan, who has calculated each of these political accomplishments, appear in the record following my remarks. The presiding officer without objection
Anna good morning, everybody. Bloomberg it is bloomberg daybreak europe. The market choosing to focus on the positive around level growth. The chinese growth story we covered in detail yesterday. The risk of a shutdown in the united states. Senate democrats may be in the steering seat for that one. Inflation, inflation, inflation is the big talking point this week, in particular today. Mex in here moving in the other direction, down one point 22 . Down 1. 2 . That is on a meeting taking place, opec and Friends Meeting in moscow over the weekend. Getting news there. The story around the bond markets and inflation, u. S. 10year yields at two points at 2. 6 . Trump thes shutdown inflation jitters . It seems the other way around. This is the demand that is 10yearthe 30year breakeven spreads, and this is a gauge of Inflation Expectations. Subzero for the First Time Since 2013. What is in the backdrop to this . Bond traders were clamoring to buy inflation protection. There was an auction. At
When this market stampedes those who make negative bets it can be spectacularly positive for individual stocks and the averages as a whole, like we saw today. Dow gained 69 points. S p climbed 2. 9 and nasdaq advancing 2 to a rec high we dont spend that much time talking about short sellers on the show. If you want to understand why the nasdaq hit those unwanted levels, its the shorts that made it happen. Theyve been a huge accelerant to the nasdaq rally. Theyre great at getting out Fraudulent Companies and overvalued stocks and sometimes going against the grain of the entire stock market when they think the consensus is wrong. Every now and then theyll attack stocks en masse, aang tackle so to speak. If the stocks fail to go down or manage to rally, the shorts can create a stampede when they throw in the towel and begin to unwind their positions by buying back the stocks they sold to close out the trade. That panic buying explains far more of this move than you might expect, particula
Three day strike which had cut production by nearly half. In the meantime back in the United States data showed that stockpiles actually rose last week. Despite all you see oil prices down about 2 . The biggest intel earnings topping estimates. That is the good news, revenues were in line. The chip maker giving weak Current Quarter revenue guidance and as a result cutting its full year profit margin outlook. Shares under some pressure. But intel also announcementing it is going to be cutting 12,000 jobs globally as it works to diversify away from the struggle pc industry. This restructuring is a tool to do that. And what it allows us to do is to be more forget, to be more profitable and to increase investments in some of these new areas, things like the data center and memory, internet of things, 5g and opportunities in the client space where we can concentrate investments on areas we think we have great return and can generate for intel in the future. New roles and a formal search pro
Coalition colleagues as she tries to deliver a migration policy to satisfy them all shes adamant that europe holds the key but that might now but that might now be enough for the not be enough for the right wing of her government and at the world cup denmark joined france in the next around that australia crashed out after losing to prove all the action coming right out. Of the. Plane. Thanks for joining us everyone. U. S. President donald trump is celebrating a major victory the Supreme Court has upheld his travel ban which blocks people from several mostly muslim countries from entering the u. S. Signing the ban into law was one of the first things trump did after taking office the move triggered protests across the u. S. And caused chaos at airports the initial ban was struck down by a lower court but then an amended version whent into force last december the Supreme Court ruled the ban does not discriminate against muslims. All right lets take you now to washington to do a user cla