The transition process starting to kick in. Tom not only the good news, but just as much as there was no bad news today, and that gives a lift to equities and other adjustments in the market. Jeffrey currie will join us from Goldman Sachs, which is wonderful. Futures up 27 and we will talk about the data in a moment, but yes, chair yellen front and center in this historic moment for our politics. Francine lets get to bloomberg first word news in new york city with ritika gupta. Ritika President Trump is finally calling on his agency to cooperate in the formal transition process with joe biden. That follows weeks of inaction. The General Services Administration Made its official made it official with its acknowledgment that biden was the winner of the election. Still, President Trump says he will contest the outcome of the vote. Formeren has turned to fed chair janet yellen to be his treasury secretary. She would become the first woman in the job if she is confirmed. She is likely to wi
President george bush, arkansas governor bill clinton and independent candidate ross perot. Here now is mr. Ross perot. Ladies and gentlemen. [applause] good to see you thank you. Now, governor clinton. [applause] and now, president bush. [applause] about 30 seconds, we will be going on the air. Good evening and welcome to the first of three debates among the major candidates for president of the United States, sponsored by the commission on president ial debates. The candidates are, independent candidate ross perot, governor bill clinton, the democratic nominee, and president george bush, the republican nominee. I am jim lehrer of the news hour on pbs and i will be the moderator for this 90 minute event, which is taking place before an audience here in the Athletic Complex on the campus of Washington University in st. Louis, missouri. Three journalists will be asking questions tonight. They are john mashek of the boston globe, ann compton of abc news and sander vanocur, a freelance jo
Building infrastructure over the next ten years. Its not easy to do if you dont have to pick up a 30 million tab to defend your country. The European Community is in a position to pay a lot more than they have in the past. I agree with the president. And for us to bring the money back and here and we can only be a super power if were an economic superpower. One minute, sir. I agree with the general statement. I disagree we need 150,000 troops to fulfill our role in europe. We must maintain an engagement there. Theres dangers there. Theres other trouble spots in the world, which are closer to europe than the United States. But two former defense secretaries recently issued reports saying that 100,000 or slightly fewer troop troops would be enough. We have to do things that are costly and i dont believe nor do we need to keep 150,000 troops in europe given how much the red army under the control of russia has been cut. The arms control agreement concluded between mr. Push. I dont think w
Overnight that washington could be delaying easing up restrictions on huawei as part of the trade war deepening tensions potentiallimentpotentially ment and we have the s p 500 and the dow coming off some highs yesterday. Overnight in asia, we had some interesting news out of japan. Theyre changing the way theyre buying maturities across the yield curve. We have the nikkei higher by 0. 4 we have red arrows on the hang seng and shanghai. New china data overnight that showed food prices surging 9 , largely in part due to a surge in vegetable and pork prices european equities, down arrows across the board the dax is down by 0. 9 . Treasury yields, this has been the focus all week, yesterday the intraday on the tenyear yield was 1. 793 we are seeing extraordinary moves on a daytoday basis. Getting close to the twoyear feeling it feeling it feeling it little resecessionary feeling i. We have one other piece of Corporate News to bring you. Uber shears undehears unde s uber shears undhares un
[background noises] [background noises] [background noises] called the committee on transportation and the structure to order. I would ask an ms consent the chairman be authorized to declare a racist at any time during todays hearing. Without objection that is so ordered. As a reminder if went to answer the document to the record please also email it documents mail house. Go if you need that repeated talk to staff that got that. I would not recognize myself for the purposes of an Opening Statement. I want to think secretary buttigieg for being here today. We certainly have a lot to discuss. Thank you very much for coming in. As we near the two year mark since passing Infrastructure Investment and jobs act, my focus remains on oversight and the funding and ensuring buttons implement efficiently, effectively heres the letter of the law. Due to persistently high inflation americans continue to struggle to pay for food and clothing and gasoline. With her hard earned dollars. Companies in t