Jonathan of course, by all means, go on. Dir. Kudlow you had a sermon jonathan with all respect, that was not a sermon. Dir. Kudlow there are other ways to do with these problems. Throwing money at them is not the only answer. You have to create Economic Growth and incentive. We are willing to spend money. Thats not the point. The president has endorsed another round of direct mail checks. He has endorsed that. He has also endorsed continued unemployment assistance. The question is, what is the overall policy to make sure that it makes sense that there are incentives to go back to work . We have a very fullfledged plan to do exactly that. We want to reward people and the businesses they work for to go back to work. We will extend the tpt. That is part of our package. Im not going to negotiate, but that is in the mix. We have retention credit for new jobs, we have benefits for reemployment. We should give existing workers a tremendous boost to income. Even in five months it will be 1200
We went to a bull steepener from a bear steepener. Time never global exchange. We bring you todays market moving news from all around the world. Joining us from hong kongs frombergs karen leigh, mumbai are bloomberg executive producer, and Michael Mckee is in washington. We want to kick it off in hong kong, where chief executive carrie lam invoked Emergency Powers and banned facemasks as protests continue. Not an easyis decision to legislate to ban the masks, but given the Current Situation in hong kong, this is a necessary decision. Alix karen leigh has more. Whats been the response . Not a great response from protesters. People are gathering in the city center as we speak. They started gathering while carrie lam was still speaking. People worried this would give police power to go and arrest people, search without a warrant , and in an extreme situation, shut down the internet. It has a huge potential to impact life here. It is something people are upset about. It could fuel proteste
Cabinet key members and Republican Leaders meeting at camp david right now, kicking off a weekend on discussions of big ticket agenda items, among them, immigration, National Security and winning the midterm election. Steve forbes tells us how they accomplish all of this. Department of the justice opening investigation into alleged payforplay politics at the Clinton Foundation when Hillary Clinton was secretary of state. The latest details from washington. The United Nations Security Council holding a meeting right now at the request of u. N. Ambassador nick nikki haley. Where hundreds have been arrested in iran protesting against the iranian regime. David led by shares of boeing, visa, unitedhealth, there are new are record highs for all the major averages. Nicole petallides, looks like were close to the days highs where were ending. What brought on the last minute enthusiasm . Amazing how the market continues to the upside. Eight of 30 dow stocks hitting records. Momentum continues.
Day. Yield unchanged. We are at 2. 79 . Are we hitting the moment we start to breach the pain into the equity market . Crude down 1 10 of 1 . David time for the morning brief. Exxon releases its earnings report. At 8 30, the jobs report will be released. At 10 00, we will see u. S. Durable goods numbers for january and that takes us to our first take. First, disappointing Deutsche Bank earnings. Second, the tech earnings after the bell yesterday and amazon killing it. At 8 30, it is all about jobs and wages. Alix you are talking like me. Lets kick it off with Deutsche Bank because at one point it was falling the most in germany in about six months. Riccadonnais carl and Synovus Trust companys dan morgan. If you look at trading revenue, down 27 , it is not a Deutsche Bank issue but it looks ugly. Carl we have seen that across the Banking Sector among the Major Trading floors. Q4 was a quiet quarter for the markets, and now as we transition into the new year, we have yields on the move i
Nasdaq had its ninth positive month out of the last ten. The worst performing sector, energy not a surprise given wtis performance, down about 6 thats the worst month for wti since march. As for the year so far, the nasdaq is leading the way. Its up more than 19 . The dow is higher by 11 the s p 500 is up by 10. 4 check the global markets. Things were kind of friendly in europe not much happening in the asian markets. Japan and the hang seng and shanghai european equities were more positive a half percentage point gain in average in most of the bourses look at the dollar got over 1. 20, back down to 1. 19 the tenyear, 2. 13 do you go straight do you have a gauntlet from your house to your car . Do you get in a garage do you know, it felt like fall was 55 degrees. 56r7b8g 55. Realfeel 50 i walked out in my sleeveless dress, grabbed a sweater came back out. Theres some leaves around. Rustling a bit. That went fast, didnt it. Way too fast. We still have this Weekend School starting we do.