Plan enters a crucial week. Can the president get a policy win before the year is out . 4 00 a. M. T 00 a. M. , if you are in london. I am tracy alloway. We are at the start of another trading week here in the uae. Let us take a look at how u. S. Markets closed on friday. It was not a bad day for u. S. Equities. With the spx closing up about five points, helped by u. S. Retailers. It was black friday in the u. S. We saw the Retail Stocks push the index up, including macys. Macys is the sixth best performer i on friday. Amazon was the second best. Let us talk about the dollar because the dollar continues to slide. Since been sliding wednesday, now at its lowest level since eight weeks. He opposite story for the euro the euro now at the strongest in about two months. It looks like germany might be able to get past the political impact we were discussing last week. Fascinating moves. Here are some other Asset Classes we have been having our eyes on. Take a look at u. S. 10 year. 34, modes
Eight years into its life, surging towards 10,000. It is 8 00 a. M. Across the emirates. This is Bloomberg Markets middle east. I am yousef gamal eldin in dubai. Angie i am angie lau in hong kong. It coin, butabout lets take a look at the sentiment across the asiapacific market right now. Towards lets see 10,000n price was the predictor last week. Incredible prize for bitcoin, but the regional benchmark off fresh highs, losing steam, losing momentum. One of the biggest sellers is into negativeuing selloff territory, down 4. 3 percent after Morgan Stanley cut equal weight from overweight. Some is that stock price target well over 3. 4 million. Thestock has flatlined in past few weeks, so Morgan Stanley among the first to pare back expectations, its analyst downgrading back down to 2. 8 million. Yousef some other Asset Classes in focus. Crude complex Still Holding close to the highest level in two years for brent. This is slightly below the flat line. 2. 34, theper, Treasury Curve flatte
What is going on out there. Continues for the s p 500. This is 1172 on the bloomberg. At what has been boom,on since the dot com 1989. Expecting the index to hit 2800 by the end of the year. This is the s p 500, the blue arc showing the dot com bubble. A little under half an hour away from the open of markets. Look at what is going on. David, is there any real theme today so far . Gains, except for korea. Gdp at of india, pmi out of china. Here is a flavor of the equity markets. Everything but korea. Samsung, downn to over 3 . Morgan stanley cutting their call on the stock. Blue line is your consensus price target. You take the median there. 2. 68 is the stock price right now. Here is the spread between the two. The other thing i want to point hiking rates for the first time in seven years. This is the chart. We have seen the three year yield and the repo rates widen. Bond markets are saying they better hike. Another thing happening thursday , opec setting to extend the output cut. Ope
There was a 1211 boat. While the committee moved or merged two different versions, two measures into one bill i should say. What has been added to this tax reform bill . The Budget Committee merged the tax plan with a measure from the energy and Natural Resources committee. That would essentially open up oil drilling in the Arctic National wildlife refuge in alaska. This is a big priority for senator murkowski. And a longtime goal for a lot of republicans. Essentially, this tax plan has this oil drilling provision in it now and it will go to the floor as one package. But the tax changes are really, obviously the centerpiece of the plan. All of the Committee Work is done here walk us through the senate for work with the debate over the next couple of days. We are expecting the senate to take up the tax package starting on wednesday. With the vote to proceed if essentially that will start the debate clock up to 20 hours the debate so much to be yielded back and will get into what they ca
There moving from nearly 6,000. While the president standing by, proactively, looking at whether or not it is helping covid19 patients. One of the researchers is dusting a setting to see if the experts of medical workers joins us live in minutes. And a newly declassified email from susan rice about how the Obama Administration plan to handle Michael Flynn. How bryce is responding to the allegations tonight, and how the security adviser takes indepth analysis put hello, welcome to fox news night. I am Shannon Bream in washington. We begin with White House Correspondent kevin corke to tell us about Michael Flynn. Most of the susan rice email was already declassified back in february, but the newly declassified portion describes concerns by then fbi jim comey about Michael Flynns contacts with the russian ambassador. But it also raises new questions about why the Obama Administration zeroed in on flynn without informing the white house. The email repeated claims that former president obam