The offshore renminbi is trading at 7. 1704 right now, so another significant weakening. The 10 year yield in the u. S. , 1. 47 . It got as low as 1. 45 earlier in the session. The vix above 20 today. Lets get back to brexit. Prime minister Boris Johnson striking a storm of controversy with a plane to suspend parliament for five weeks. The queen has approved the suspension. Labour Party Leader Jeremy Corbyn is vowing to fight the move. When parliament does meet on his timetable next week, the first thing we will do is attempt legislation to prevent what he is doing. Secondly, we will challenge him with a motion of confidence at some point. Vonnie joining us from london is bloombergs jess shenkman. It seems like he has a lot of negative things to say, but never really has too many positive alternatives to put out there. But hes not the only one in this case. The speaker is calling this, and im quoting, a constitutional outrage. What is the likelihood that this gets stopped . Reporter yo
Skyrocketing drug prices on American Families. I recognize myself for five minutes to give an Opening Statement. Today we are closing this work. The way we started our work with this congress. A hearing on Prescription Drug prices. This is a bipartisan issue. That focuses on the many years. The first witness at our hearing was a woman named antoinette. A mother whose daughter died at 22 years of age after rationing insulin because she could not afford it. It was the subject of our hearing on hiv prevention drugs in may. Today, five patients and a Family Member are here to share their stories. I urge all members who go back to your districts and to talk to your constituents about their experiences struggling to pay for lifesaving drugs. I fear you will discover that we are facing a drug crisis in america. We have seen time and time again Drug Companies, skyrocketing prices, forcing families to make gutwrenching choices every day. Many families and having to choose between caring for the
1. 5 two year just below that at 1. 478 overnight in china, look at those stocks and youre going to see the nikkei was up by 2 , 2. 1 in shanghai, market there up by a percent and hang seng closed flat and then if youre looking at what has been happening in europe with the early trading taking place this morning, you will see mostly green arrows there. The cac up by. 9 . So is the dax. The ftse down by half a percent. Cnbc has you covered for all of the big global stories that are moving markets today were going to take you to hong kong for the latest comments from carrie lam. An update on the political crisis in the uk over brexit exclusive update on the tariff fallout for small retailers. Lets start in washington now, with the news that the the big news that is moving the markets now, trade talks with china, set to resume next month. What do you got here the news breaking last night out of beijing, the Foreign Ministry issuing a statement, here is the cnbc translation of the Foreign
Watching from asia. Welcome to bloomberg surveillance. You are just getting that decision from gorgeous norges, this is an interesting rate on how to set Interest Rates. A hawkish stance because of weakness in the national currency. But given the rest of the world is much more dovish and weaker President Trump putting pressure on the fed to cut, it is interesting if you are one of the lonely banks out there that wants to hike. Overall, european stocks are unchanged. , which gave sold much fear and anxiousness on the markets, currently stabilizing at 2. 01. Will have extra checks throughout the day and more on the inverted yield curve. Coming up, axis of conversation with Philipp Hildebrand, the blackrock vice chair. And exclusive conversation with Philipp Hildebrand, the blackrock vice chair. Lets get straight to bloomberg first word news in new york city. Warren buffett has upped his wager in amazon. Hathaways stake in the ecommerce giant rose 11 in the Second Quarter. It is now value
The pundits are questioning whether he has the stamina and the focus to go the distance. If he doesnt, the democrats are left with two way out there, far left frontrunners. Just wait until you hear the details on Bernie Sanders 16 trillion climate plan. Stocks, they are going up again this morning. The Chinese Foreign ministry, cool to the president s statements on china trade, and we have been in and out of that inversion of the yield curve all morning. It doesnt seem to have been a big negative. The dows going to be up about 80 odd points, 10 for s p, 43, 40 odd points for the nasdaq. Thats about a half percentage point. All right, everyone. Stay there, please. We are going to show you the latest biden gaffe and a closer look at the poll thats really set him back. Varney company is about to begin. I just spoke at dartmouth on health care at the medical school or i guess it wasnt actually on the campus but the people from the medical school were i want to be clear, im not going nuts.