Back in october. Right here on fast money. Mike novogratz is back hes here exclusively. But, first, we start off with breaking news, the embargo lifting now on the fed chair nominee Jerome Powells testimony ahead of his confirmation hearing tomorrow. Lets get to Steve Liesman with the details. Thank you very much Jerome Powell, the fed chairman nominee, nominated earlier this month by President Trump, will say in testimony before Senate Banking tomorrow he expects rates to rise, quote, somewhat further and the Balance Sheet to gradually shrink he pledges to preserve the feds independent nonpartisan status and says transparency and accountability must accompany that fed independence. Thats a nod to some critics, particularly from the Republican Party in the senate and in congress he says he will look for ways to enhance that transparency and accountability but goes on to say, i am a strong supporter of current fed structure. Thats a bit of pushback on some we want to change that structu
National security adviser, Michael Flynn, has struck a deal with the inquiry into russian involvement in last years us election. Hes admitted lying to the fbi about his meeting with the Russian Ambassador during the transition period between mr trump winning the election and assuming office. Its now being reported that mr flynn is prepared to testify that the president s son in law, Jared Kushner, was among those who directed him to make contact with the russians. From washington, Aleem Maqbool reports. It has sent political shock waves through washington. General Michael Flynn, Donald Trumps former National Security adviser, turned himself in to the fbi, and to a judge admitted lying about his contacts with russian officials. In court, he was asked if he wished to plead guilty to making false, fictitious and fraudulent statements, to which Michael Flynn answered simply, yes, sir. Well, we now know general flynn had conversations with the Russian Ambassador about the possibility of lif
The week began with the region coming to terms with the worst assaults in egypts history after an attack in northern sinai hundred people dead. I spoke with a Senior Executive officer. What if it is an Inflection Point . Shocking event in terms of the nature of it and the death count that has come out of it. The thing you have to remember is that egypt has gone through a whole series of things on the political side, security side, as well as markets. Now we should view it as an isolated event and see where things go. Asisi came out strongly and said they will clamp down hard. We will see where things progress before jumping to too many conclusions. Yousef the question becomes how should investors look at it. You are saying look at it as an isolated event. I went back to the last terror event. Egyptian assets remain strong. Its quite interesting. If you look at it and go back a year, you almost have to view this as the timeline situation. They year back, very few Foreign Investors had a
Lacqua in london. Bonds marketsd are closed for this Martin Luther king day. For our american viewers, happy holidays. A little pressure coming from some of the earnings. Without a doubt, these data points come from china. Which is why i am looking at the chinese data, filtering to the y uan. Eurodollar, 1. 2230. Euro strength, dollar weakness. Will that continue and when will it hurt european exports . 60. 25. Brent, 70. Airbus joins us in 30 minutes. They could check on the a38 if there are no orders from emir ates. Ofs, the vice chair Blackstone Group joins us. And of course, tom keene is in town for the week. Lets get to the bloomberg first word news. Nejra donald trump is an asteroid of awfulness according to the u. K. Shadow foreign secretary. Trump on the ut at bbc. He is an asteroid of awfulness that has fallen on this world. Ithink he is a danger and think he is a risk. I dont want him to come to the country. I dont think he should have been given the invitation in the way tha
Mark we will discuss that. And speaking in the nexty hour. And getting real on the rally. Our stock valuations getting [inaudible] says yes. Every bit of good news seems to be incorporated into the market rises right now. There is not a lot of room for bad news. Matt we are less than half an hour away from the european open. We will see how european stocks do this morning. Futures are pointing to a positive open. We do see green on the screen when we look at equity index futures. The interesting thing i think to look at his treasuries. We saw yields creeping up toward 2. 6 percent again today. I have a threeday chart of the u. S. 10 year and you can see we are almost there. Not quite at the level. 0 on treasuries. To computer is rounding up 2. 6. We know better. Tom keene taught me to go out four significant digits. They are significant. Lets see what is happening on the gmm. Wonder whether the bund is going to be the tail wagging the dog today on the treasury market. Keep an eye on th