The task force will now come to order. Without objection the chairs authors to declare recess of the committee at any time without objection. Members of the full committee not on this task force are authors to participate in todays hearing consistent with the committees practice. This hearing is in title robots on wall street the impact on iaa ai on the financial. First off thank you all for joining us today for what should be a very interesting hearing of this task force. Today we are looking at scoring how ai is being deployed in Capital Markets from trading to portfolio allocations to Investment Management decisions. We are also going to consider how the use of this technology is changing the nature of work in Financial Services rendering some jobs obsolete and changing the skill sets needed to excel in others. It would not be much of an exaggeration today to say that wall street quite literally is run by computers. Long gone are the days where traders would be screaming on the floo
Today but aside from a couple of scattered sprinkles here and there. 50s to 60s for your highs and a little bit of sunshine between the clouds. Rebecca. All right, thank you john were seeing and no delays no issues here the bay bridge toll plaza approach you can see a little bit of that fog though here it is light, but like john is mentioning very pass patchy around the bay area so no issues here getting into San Francisco in fact a nineminute drive time on the macarthur maze to the fremont street exit but a there is a brandnew accident the san mateo bridge and look at how dense the fog is and it to happen pac. The toll plaza on the westbound 92 sides normally wed be able to see it but you cant see much because the fog is so thick here, but a 13 minute drive time which is good because traffic is still light and its still early but just be aware of that and reduce your speed around the bay area. James darya. All right rebecca, thank you breaking overnight. We have a fatal house fire in
Of bonds versus stocks. We know that as stocks has been rallying, so have bonds. That is interesting because because the correlation between them has been declining over time. The correlation is at the lowest going back a year. But and actually might still be attractive to be buying stocks over bonds. If you look at the chart here inside the terminal, when looking at the dividend yields about the 10 year yield, dividend yield is still offering more return than the 10 year treasury yield. So even though bonds and stocks are high, actually still might make sense to buy dividends over treasury yields. Lets bring volatility and the vix into the equation. What we are looking at is the vix curve. Up, it is this melt at super low levels. The lowest levels we have seen in about a year. Beneath the surface we are seeing the curve steepen. The steepest in three years. Basically what this tells us is even though volatility is low right now, the implied volatility going out further is steepening t
I want to thank our witnesses, secretary esper, chairman of the joint chiefs of staff milley for appearing before us to testify. The purpose of this hearing is to discuss our policy in syria particularly in light of the events that happened when turkey invaded and drove the kurds out of portions. Our first hearing since the congressman from new york joined the committee. I want to thank him. We have a lot of new faces in this committee that are a year into it. They are not new faces anymore but good to have another freshman added to the committee. I appreciate him serving. The purpose of this hearing is to look at events around syria. A whole bunch of questions and the other big issue is the ability of memories of this committee to ask questions of the key policymake is in an area of importance to the committee and to give them an opportunity to learn more about the policy and express their views and that is a huge part of our oversight role in congress and it is enormously important.
Here in u. K. , there was a general election. We are in a blackout period until the polls close at 10 00 p. M. Pound at 1. 3020. 2 . Toxx europe 600 gained day two of trading. It is above 2 trillion in terms of valuation. Plus oil supply cuts will not prevent a surplus in 2020. That is according to the ia. We speak to the president of the Swiss National bank. That interview, 10 30 a. M. U. K. Time. Lets get to bloomberg first word news. Today, the u. K. Goes to the polls. It is the nations first election in over a decade and the first since the brexit vote. It is the first december vote in nearly a century. Polls close it 10 00 p. M. U. K. Time. The House Judiciary Committee is set to conclude a debate on articles of impeachment against trump. The likely result is a partyline vote that will send the measure to the floor of the house. The democratic majority is expected to beat back a number of republican amendments. Israel is headed for its third election in less than a year. The parli