After bitcoins wild week, Randy Quarles says cryptocurrency regulation is worth thinking about. It is 8 00 a. M. This is Bloomberg Markets middle east. There was plenty going on in United States markets on friday. Take a look at the fix. The volatility index. It jumped almost 30 on news that Michael Flynn pled guilty of lying to the fbi. By the end of the day, it was up only. 33 . A lot of like to save havens. Wells fargo reckoning that Political Risk is he getting to see into United States stock. Seep intong to United States stock. Take a look at the semiconductor index. This is one of the hottest trades out there. Down 1 on friday. That is after all and percent on wednesday. Nasdaq down 127 points on friday. Now, let us talk about u. S. Taxes. That was a big story over the weekend as well. The tax bill really coming down to the wire. The senate barely passing among senate republicans. They were scribbling in the margins on the legislative proposal. They managed to get it done. ,e hav
Racist language. Here is the practical question though. Does this controversy hurt the chances of the president being able to cut a deal . The clock after all, is ticking. Plus, a 20 year old florida millennial winning the 451 million Mega Millions drawing. The money experts will weigh in on whether hes making the right Financial Decisions and we do as youve come to expect have an allstar guest line up including americans for tax reform Grover Norquist, is here tonight president ial historian doug weed as well and Current Trump National Diversity Coalition Executive director, bruce lavell e all here tonight. We will get to them all its politics and money and weve got you covered at an angles im Connell Mcshane good to be with you. Risk reward starts right now. Its not a daca deal. Its a security immigration deal we need a permanent solution. We have said that, i have said that, the president has said that. We want to find a permanent solution to the daca population, not a continual thr
Also alarming. When i to up to my boys to make sure theyre ready for school to get on the bus and in two minutes. Chad pergram on the nonurgency urgency. They have to fund the government by 11 59 59 friday night. They did one in september, two in december, this would be the fourth one. Otherwise the government shuts down on the oneyear ankers versery of President Trumps inauguration. It comes down to math. You have a couple of key issues. Defense spending. Defend hawks want an increase in defense spending. Democrats say if you go for that we have to have increase in nondefend spending. Daca is the big issue here. Republicans dont have the votes to avoid a Government Shutdown. Mac thornberry is the chair of the Armed Services committee. He didnt think there would be the votes to avoid a Government Shutdown on republican side of the aisle unless they had agreement in place. If they turn to democrats, look at the vote breakdown, pat tiberi, the republican congressman from ohio he resigns
Lets get to the Global Market picture. Lets look at a start to the year which has been the best start to the s p since 2003. The first nine trading days of the year up 4. 2 on friday the dow was up 0. 9 the other two indices up 0. 7 . Week to date about 1. 5 to 2 of gains. This morning, as you can see, resoundingly positive start in the premarket. Dow up 271 points. The s p up just 14 the nasdaq up 38 very much the dow surging higher this morning tenyear treasury note for you which has been in focus, last week yields rose in lieu of international yields rising at the start of the week, but then gave up some of that gain towards the back half of last week were at 2. 53 we got very close to 2. 6 early part of last week. Look at the mood in asia the nikkei at a fresh 27year high, up 1 in todays trade hang seng closing actually at a record high, 31,904. Stocks there up 1. 8 the shanghai composite up 0. 8 south korea seeing gains of a similar amount the key Economic Data in asia will be chi
Years. The hawaii false alert. Feds say hawaii lacked reasonable safeguards. The government apologizes. The president has please local authorities took responsibility. It was a very anxious time for many, many people. The president has reported vulgarity. Senator durbin said csc said it. Senator cotton and producers turbine can not be trusted. The president himself says im the least racist person. Dr. Kings needs told fox news this morning she does not believe the president is a racist. Lets summarize your money looking good again. Politics a cantankerous mess. This programmer into go. We go live. Varney company is about to begin. Stuart yes, yes, yes, the markets are closed today. You are looking at the futures market, how the market performs when it opens. Big, big games. Yes, your money is indeed looking good. Give me that number again, 197 points away from the dow 26,000. One big rally away. Look who is here. James freeman, wall street journal editorial guy. Welcome to the show. Th