Hello. Good evening. Its me, Jacob Rees Mogg on state of the nafion Jacob Rees Mogg on state of the nation tonight. Hes got a date for the Spring Budget, but will the chancellor, jeremy hunt, be announcing the scrappage of inheritance tax on the 6th of march. 7 thats what ill be arguing in my monologue, arguing for in my monologue, as it emerges nearly 400 it emerges that nearly 400 children the age of six children under the age of six were referred tavistocks were referred to the tavistocks controversial gender clinic. Ill be asking whether its ever all right for children this young to be referred for those sorts. With war sorts of consultations. With war raging in the middle east, ukraine has been somewhat forgotten about in recent months. There have been months. But there have been important developments there over christmas period, the over the christmas period, the ukrainians sunk ukrainians have sunk a key russian warship in the black sea, russians have taken sea, and the russia
To maintain its pledge of increasing Monetary Base at an annual pace of 600 billion to 0 700 billion. T well be watching very chosely. European trading, you can see the stocks there are off a little bit too. The worst performances the ftse 100, down over 1. 2 . Down about 80 points. The u. S. Equity futures here are looking like they are also indicated lower. The dow futures are indicated down by almost 60 points. S p futures off by just over 7 points, and, again, the decline we saw yesterday, the 93point drop, the worst performance we have seen since the end of june, june 28th, the last time we saw a move like that, which tells you how calm and fence sitting the position these markets have been to this point. Also today, the treasury will offer 20 billion in tenyear notes at 1 00 p. M. Eastern time. As for data points, the Mortgage Bankers Association Release at 7 00 eastern. Economists expect to continue to see downward trend in the rise in rates. Earnings front, ralph lauren, time w
Whos just finishing up trading and will join us shortly. Guys, welcome. Paul, lets kick off with you. Were looking at the start negative start, down about 46 points in the dow. How worried are you . Im not worried. I mean, listen, the markets had a great run. Last week, a great run since june 24th. Even if you went down 1 , 2 , 3 , i think its just a tiny little dip. Its barely a rounding error. And the markets, to me, are clearly headed higher in the short term. Doug, you buying into this weakness, as well . Yeah, i think we are buying into this weakness. We also are finding that the u. S. Has had a really great run, and, you know, the whole point of making your most money when reality and expectations are in disalignment, thats not the case right now in the u. S. Things are good and people recognize that. I think the real opportunities are is overseas where expectations are very low and those countries are maybe where the u. S. Was a couple of years ago. Were looking at second half t
Federal prosecutors that the firm engaged in widespread Insider Trading more than a decade. Sac spokesman said the firm never encouraged promoted or tolerated Insider Trading. David here is good news again for the market. U. S. Consumer sentiment is reaches highest level in six years, buoyed by rising stocks and home prices. It rose to 85. 1 in july up from 84. 1. Liz barclays plans tissue securities to investors. The bank will likely reveal its proposals during its Earnings Call next week. The stock fell on the news. David according to an Administration Official the president will not nominate a successor to Federal Reserve chairman ben bernanke at least until sent. The september. The comments come as a group of senators urge him to choose vicechair janet yellen, not Larry Summers who they dont want. Liz jpmorgan will explore strategic all the turns tiffs for the physical commodity business. To maximize value it will explore a range of option, a sale, spinoff or strategic partnership.