Welcome to squawk box. Im Andrew Ross Sorkin along with joe and melissa lee, becky is off the s p looking to open about 12 points higher. Well explain why some of this is happening and lets show you treasury yields as well the ten year note right now looking at 0. 931 . But maybe a little bit of an explanation coming up here, melissa . Yeah, some optimism Mitch Mcconnell said that compromised deal was within reach and well get a live report from washington at 6 30 a. M. And we heard it before, but it seems like btoth sides are comig a little closer. On a much lower number. And im just thinking about, i dont know, andrew, what did we do to deserve this i mean we are living right or i mean, who ushered in the new week on squawk box on monday who is helping us usher out the week that was on squawk box . A monday and a friday. Is this46 w was this planne melissa, what did we do to deserve this not wouldby not by me how long has it been, stimulus vaccine i guess the election, although we do
Company in the whole world that went through this devastating attack and came out like a phoenix from the ashes none by saudi arabia luxury at a tipping point. Ubs down grades. Airbus brushes aside concerns to raise the forecast for the next 20 years. Well speak to play makers chief commercial officer at 12 45 cet. Good morning and welcome to street signs. Big day today. All eyes are on the feds the market is anticipating a 25 basis point cut. It is about the language that will come out of the committee remember the term midcycle adjustment didnt go down well last time. Well see how the language has developed. Well be looking for potential decenters. Watch out for that too also, i want to point your attention to activity that has been going on in the very short term of the Interest Rate market a bit of volatility there which has caused the fed to cause some liquidity overnight. A lot to look out for. This is the picture for u. S. Yields twoyear note traiting at 170. A full cut almost b
You rightly pointed to earlier on in your introduction the u. S. Department of justice tried to the last minute to get the detention order extended that did not work the court threw it out it said it was far too have the procedure been followed it wasnt within his jurisdiction now we have clarification because the government of gibraltar issued a statement on sunday saying it would not permit any further detention of this ship simply because i dont want to oversimplify it but the basic line is that the e. U. Sanctions are narrow compared with the us sanctions the u. S. Sanctions want criminal action taken because the i c r g thats the islamic. Jihad the revolutionary war had. Really possessed the ship as far as the americans are concerned they are a listed. Terrorist organization that as far as the European Union is concerned is not a list a terrorist organization they are absolutely convinced that this is an iranian own ship it is that maritime law was totally legal it is permitted to
Christmas eve 1979 and never left the soviet Union Invaded and took kabul within 3 days. Islamic guerrilla fighters known as the motor who dean fought back with u. S. Support 1000000 people died in the fighting until the soviets withdrew a decade later a civil war intel a ban rule follows National Landmarks and infrastructure were destroyed by cavils darla man palace. And this is how it looks today president gandhi had planned to inaugurate the building for Independence Day sign of how far the nation had come but again conflict intervened to spurning the event after an iso suicide bombing killed dozens of people just a few kilometers from here many afghans are resisting celebration for another reason they feel this sovereignty is still compromised. The younger. Son believed still there is lots of this since its by the soviet union. By the United States of america or group on the us invaded in 2118 years later having spent 800000000000. 00 and with 13000. 00 troops in country its negoti
Down nearly 334 points. The president just weighingin on all of this tweeting moments ago quote what the market wanted to hear from and the Federal Reserve that this was the beginning of a lengthy and aggressive rate cutting cycle. Which would keep pace with china the European Union and other countries around the world. Powell let us down but elysses and in quantitative tightening which should not have started in the first place. No inflation. We are winning anyway but im still not getting much help from the Federal Reserve. So steve, is this fair criticism given the strength of the economy . I think jay powell is simply trying to save face. He had to reverse himself for from last year and now he is saying , we will do it our own way. But there will be another cut by the fall. Kind of a big yawn. December should have happened i dont think today should have happened. Today is just a reverse, one thing that should have happened there for the second thing had to happen. Im not so sure we