Unfortunately, the president and Republican Leaders in congress are like abbott and costello. The congressional leaders to lead to negotiate with chops or fire. President trump tells me to figure it out with the leaders. Congressional leaders tell me to negotiate with President Trump. Let me tell you a bit about what transpired in negotiations. Last year, when President Trump ended the daca program, we immediately began working on a solution both sides could agree to. Leader pelosi and i went to dinner with the president. We came away with an agreement pursuing theeal daca act with border security. The president agreed. But that night and the next morning, the hard right came after him. Breitbart called him amnesty trump. Laura ingraham even insisted he be impeached. Then Congress Went to work. In a bipartisan way, senators durbin and graham and their compatriots worked hard to deliver bipartisan deals. Two weeks ago, the president had a meeting on National Television for the world to
Rishaad just looking at what is going on, you would think asian equities would be expensive relative to the u. S. They beat the s p 500. I want to bring up this chart. If anything, pricetobook ratio, and forward asiatoearnings spreads, stocks looking more attractive compared to u. S. Counterparts. Those spreads have widened to four. Nus there we have it. The rally could have legs. Fascinating its not just a more by you, but getting cheaper. Have not seen the political dysfunction in Washington Play out when it comes to the markets , and some jitters in the asian session. The last time we had a the lastt shutdown, three times, the s p 500 gained. Three, so wen day not just asian equities, but in the u. S. As well. Decisionsnk dominating the agenda, as well as u. S. Gdp. Sophie kamaruddin joining us now. Jitters. E do have asian stocks kicking off the session subdued. Japanese stocks are slipping as the boj policy decision is due tuesday. Lets check the open. We do have the taiex gaining
Will have their offset assets frozen and be banned from traveling in europe. Pope francis is apologizing for insisting that victims of pedophile priests show in his words roof saying he realizes it was a slap in the face of victims that he never intended. Who is accused of covering up for the most notorious pedophile priest. Said of the priests, i am convinced that he is innocent. Global is 12 four hours a day powered by more than 2700 journalists and in over 120 countries. I am Mark Crumpton, this is bloomberg. Julie i am julie hyman. I am scarlet fu. We are 30 minutes from the close of trading in the u. S. And stocks are at record high after they advanced a bill to end the Government Shutdown. The question is, what did you miss . Lawmakers ending a stalemate to advance a stopgap funding measure that would keep the government funded through february 8. Investors anticipate a Stranger Things bump. The program likely boosted subscribers in the fourth quarter. And Angela Merkel is one st
You have had two triple digit down days. I am curious to see if we are going to see twitter trump or teleprompter trump. David all of the reporting down here is going to be teleprompter. By words are being written Stephan Miller who tend to be a little bit of a hothead. Inx heres what we stack up the markets. The s p coming off its worst selloff since august and continuing today s p futures down by another 12 points. It is now a story of broader dollar weakness. Strong gdp out of europe. Yields taking a break pretty much unchanged. There was some buying in the market. Hit downtinuing to get 5. 8 . I want to highlight some movers as well. A lot of action happening in the market. Metlife hasnt set aside enough money to pay annuity holders. Stock continuing to get hit premarket. There is going to be a buyout for this company. That is no longer true. That stock getting hammered. That stock now unchanged. Take. Time for first those equityry is markets fairly shaken by the selloff in bonds.
And ibm. The bloomberg dollar index right now down nearly 1 at session lows. On paper, its worst day since march of last year. This after treasury secretary Steve Mnuchin said in davos that a weak dollar helps us, good for u. S. Trade. We see the dollar down on this following a big down your last year. Lets take a look at the fact that was secretary Steve Mnuchin was talking about. The bloomberg dollar index down nearly 1 , its worst year on record. The dollar index, its worst you last year since 2003. The point we want to make here is when we have declines, they come in clubs of twos. A twoyear decline seems pretty fitting even though it is early in the year. Lets take a look at the big movers of the day. Ge down. 2 . This on the news of the sec probe into the company. Recently announced a charged related to the legacy business. Texas instruments down on earnings. Ual, same deal, down on earnings. United continental saying they will be matching pricing. Investors clearly not liking th