Morning after morning, we continue to receive your new mercies. Lord, sustain our lawmakers with your unfailing love that is as high as the heavens. May our senators know that in everything you continue to work for the good of those who love you, who are called according to your purpose for them. Pour out upon our legislators the riches of your mercy so that they may stay steadfast in faith. Eternal god, hear us as we pray. We need stronger hearts, greater faith, and clearer perception. We pray in your mighty name. Amen. The president pro tempore amen. Please join me in reciting the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Grassley mr. President . The presiding officer the senator from iowa. Mr. Grassley i ask to speak for one minute in morning business. The presiding officer without objection. Mr. Grassley there is a story that
Vonnie may be the chinese economy is coming back. Maybe the government wants to get their arms around that and make it more transparent and a little easier. Peter the fact that there are more defaults is not by itself bad news. They were suppressed before. You had a lot of Zombie Companies that were being kept alive artificially. Now companies are being allowed to default. The late Carnegie Mellon economist used to say capitalism without failure is like Religion Without sin. David exactly. If you will have a healthy capital market, you have to have a way of people to falling. It is true in new york and london. Maybe it will become true in china and beijing. Peter today the chinese leadership came out with a concept for how to regularize defaults in china so that things are done by the book instead of in an ad hoc kind of under the table sort of way. Vonnie inc. David encouraging news out of china. Thanks so much to peter coy. Now we want to turn to sonali vasek. Talking about banks, we
Climbing the wall of uncertainty, but thats true for pretty much every asset class. A lot of folks talked about 2019 as the year of the rally for everything. If we look at highyield stocks along with gold futures, look at that huge gains. 36 for oil. Highyield treasuries, basically the best year since 2009, 2010, or 2011 depending on the asset class. One question on folks minds at this point what 2020 bring . A lot of strategists bullish on 2020 and what that could bring. If we look at charts on the terminal, we will see the s p five the s p 500 is overbought, well above 70. Some technicians dont mind when its overbought. Back in 2017 into 2018, higher highs until it starts to turn down, those conditions really suggest or could be more bullish momentum to the upside. These kinds of rallies go longer below 70, itst kind of bearish and thats a look at the market trading day from new york. This is bloomberg. This is Bloomberg Businessweek post quote live on Bloomberg Radio and bloomberg t
About Justice Scalia. Here to talk about the success that the Trump Administration has had in nominating and appointing personnel to the federal bench. Whats the tally, whats your tally so far, how the president s doing . Guest its been a very impressive record so far. I think folks on both sides of the aisle can agree on that. Some of us celebrate it. Others lament it. But you have, in addition to two Supreme Court justices, you have some 43 appellate judges. Judges appointed to the courts of appeals. Thats double the number where president obama was at the same stage of his presidency. Eight years ago. Another judge to be confirmed today, i think, another one tomorrow. And you have 100 or so district judges. Slightly ahead of president obamas pace of eight years ago. Host we understand President Trump will be celebrating this today or at least noting it at the event at the white house. The headline from fox news, trump nears milestone, new milestone with judicial appointments. Aside
Announcer 1 president come from earlier this afternoon at the white house discussing judicial nominations. In 10 minutes will be taking you live to louisiana where the president is holding a Campaign Rally in monro. Until it starts we will take a look at our discussion about the influence of President Trump on the federal judiciary from todays washington journal. Abouthor and coeditor Justice Scalia, here to talk about the success the trump has had in nominating and appointing personnel to the federal bench, what is the tally so far . Impressivevery record, folks on both sides could agree on that. Some of us celebrate it, others lament, but you have that addition of Supreme Court justices, 43 appellate judges, the courts of appeals, double the number of president obama in the same stage of his presidency eight years ago. Another judge to be confirmed today, i think, another one tomorrow. And you have 100 or so district judges. Slightly ahead of president obamas pace of eight years ago.