Steve engle at Standard Chartered with a blistering note about the fed minutes being reinterpreted. Weve got some breaking news. I dont know if you see it there i home in london, but this is critical. Alone,leaves the rate and we get turkish weakness of that headline. Mr. Erdogan simply doesnt want to raise rates, does he . Anna absolutely. They are leaving their oneweek repo rate. The big picture here is that many economists saw this coming, but also thought the Turkish Central Bank should hike rates because the Interest Rate in turkey is well below inflation, and that kind of makes turkey stand out on a number of measures. They are also spending fx reserves to try and prop up that lira. We were talking about a turkish crisis back in 2018. The lira is weaker now than it was then. We will talk more about emerging markets later in the program. Lira has been stronger the last one he for hours. It weakens demonstrably off of this leaving of rates. Right now, i can do the data check right
Line. President trumps top advisors want to destabilize the peg in retaliation for chinas tightening grip on the city. Hsbc slumps after bloomberg learns it was singled out in the report. Continental drift. Futures point to a second day of losses in europe. The fed Officials Say their scope for more action and economic recovering, if it stalls in the u. S. , where virus cases approach 3 million. Soon ask spending plan. The u. K. Chancellor set to unveil his measures to reinvigorate the economy. Will it be enough to drag the u. K. Out of it steepest slump in three centuries . We are just under an hour away from the cash trade here on the continent. Lets take a look at futures right now. Decent sized drops. 9 10 of 1 on ftse futures right now. Dax futures down three quarters of 1 as well. We also see u. S. Futures falling. Only 2 10 of a percent. What does the gmm tell you . Anna lets have a look at the gmm. It tells us a mixed picture through the asian session. If we look at the is in s
We got white people back here still Work National buildings in the state in the countrys capital which are yours but if they see us little rock they can shoot in the face of the rubber bullet if they see us for any being that looks like a good theyre going to kill it on a daily basis. This is what you get when you dont hold other cops accountable when you let them kill other people when you let them kill us we dont hold your partner accountable this is it this is. The tramp on twitter have locked horns on friday a tweet by the president about the rights in minnesota was hidden by the social platform in the tweets trump slams the rioters in minneapolis saying the military supports the governor he also warns that if there was looting there would be shooting to it is they as they post in violates the its rules about glorifying violence dont quarter picks up the story. Donald trump and twitter are clashing swords it all started with the president s tweet about mail in voting his claim that
Days well see what the last second to last trading day of the year has in store for us road map today starts with the recordbreaking year for stocks. The s p within striking distance of its best yearly gain since 97. Plus, teslas china play, the automaker ruling out first sedan from the shanghai factory with ramping up next month. We begin with the year end rally and the record run for stocks mike, it has been quite a year and we go into 2020 seemingly with a lot of momentum. Been a very, you know, kind of orderly low drama rally in december a lot of folks say we may be set up for a pullback. I think we keep having to remind people, it has been a great year, successive record highs for much of the year we started in a deep hole. I think thats important not to sort of downplay what a Strong Performance stocks have had had this year, but to point out theyre not necessarily all that far out on a limb because theyre up 30 of the 12month basis because theyre up about 11 from 15 months ago,
State of ai and the regulation with the cochair of the government ai review. All of that and more coming up. We will check on the markets, macro dictated. Flipping between gains and losses. Seems to be being moved by this market, the bond market, yields backup for basis points. Look for the decadelong highs, 4. 5 seven on the 10 year at the moment, about 5 on a twoyear, worried about the direction of travel for the Federal Reserve and a potential Government Shutdown in the red states. Interesting that we see the dollar pushing higher. We expect the fed to have to push back on where some of the inflation pressures have been. The dollar index for the sixth straight day, the longest winning streak. In the face of a stronger dollar, bitcoin higher,. 5 . About of buying in your trading. To get back to the micro today. Ed there are themes, weighing out in the new cycle markets as well. Theyre shuttering the unit of their business that does augmented reality, 170 jobs going with the jobs bein