Of the session. The 10 year yield down to 1. 57 , the place where it still seems to be changing. Two210 spread just at basis points. Is strong. Index argentinian peso stronger today as well. Guy i want to come back to that currency story in just a moment. Stoxx 600 down by 1 10 of 1 . Actually near session highs right now. The pound is rising. Decent retail sales out of the u. K. And u. S. German yields continue to push lower. 68 now. Lets take you to the eurodollar chart as well. Has been talking from the ecb, saying basically it would be better to put more stimulus in then less. Thats the effect on the euro, dropping like a stone on the back of those comments pyramid those comments. Investors flee riskier assets in droves. The 30 year yield to a record low. A key part of the curve inverted to the lowest level since 2007. Heres what some of the leading voices are saying. Whats happening today is broader than just the fed. It is about Global Economic weakening. You dont need an inverte
Pete said, better to be late and right then open up early and have the market start mismatched. David pretty good for journalism, too. Taylor it keeps us employed. Lets take a look at the markets. It has been a wild week. To comeready for alix back because i still need to recover from this. We are finally getting a bit of a lift with equity markets. Sort of recovering after a day of relief yesterday as well. 1. 50 percentow yesterday, recovering to 1. 55 . Year briefly hit negative on the 10 year at a record. At eurodollar. Not only is this a Dollar Strength story, this is a Euro Weakness to 1079. We are weaker on euro to 1. 1079. We are weaker on euro. David that looks pretty good to me. Taylor lets get a bloomberg first take. We are joined by bloombergs rachel evans and Brooke Sutherland. I just want to recap what a week this has been in the markets. Take a look. David and i were talking about the 10 year and 30 year bond yields, down 25 basis points alone for the week. Rachel, youve
Wedded, stuck to him. I dont think think punish joe biden because hes 80, but because they know he doesnt have much left in the gas tank. End game thats proposed by representative gaetz is untenable. Its not workable. Theres no end game other than giving more power to the democrats. I understand the frustration with status quo, the debt, the border, everything here in the swamp in washington, but i just dont know that this is the plan, and every minute that we spend dealing with this, were not spending cutting spending, securing the border. I dont agree with mr. Gaetz at all. I dont think inside the republican conference theres much support. Most people are saying this will not succeed. Mccarthy has done a very, very good job. Stuart now i know this song. This was the first song played on mtv back in 1991, i think it was. Radio star. I love it. That was the trivia question yesterday. Would have got that. Stuart the buggles. What a terrible name. 11 00 eastern time. Tuesday, october 3.
A lastminute change to the bill is propping criticism for its benefits to President Trump and one republican senator whose vote congressional leaders were eager to flip, bob corker. It would allow real estate businesses to take advantages of tax breaks, providing a multimillion dollar windfall to investors. Senator corker said in an interview saturday that his change in vote had nothing to do with it. So heller is on cop or is on capitol hill with the latest. Taxain to us this news break. Sahil its a combination of what was in the house and the senate bill. It was done uniquely in the final version, but includes a benefit for real estate pass through investors that includes President Trump and figures like senator bob corker. The fact that corker had mysteriously flipped his vote seemingly out of the blue on friday has raised a lot of questions as to whether this was the reason. Senator corker strenuously denies he had anything to do with this provision or it had anything to do with hi
First time since the oil price collapse. President trump labels russia to china as rival powers the u. S. , but says he will try to work with them. Arabia. 00 a. M. In saudi this is Bloomberg Markets middle east. Inm yousef gamal eldin riyadh. A lot to get to. We start off with the broader asian equity session. The handoff from the u. S. At record highs. Boards, trades on the the thailand currency the big peso. And the chilean some other Asset Classes we are dollarg, a stronger u. S. , ever so slightly stronger on the back of optimism that this u. S. Administration is inching closer to achieving its first major legislative victory. Brent crude, take a look at that, currently higher for brent and wti. Fell. Stockpiles 10 year yields for paper at the upper end of the range. Resilient in light of a testy brexit conversation. Of the bigd one stories, the strongest since march. It has pared some gains, but still below the level against the u. S. Dollar. Lets check in on the first word headl