10year yield at 4. 47. A lot of questions where the movement will be next and if we have seen the height of rates or not. Thats been a big question part of it weighing on the broader markets yesterday. Meanwhile, boeings slide after the cfo spoke yesterday and said the company would burn through cash this year the delivery of planes will not increase from the First Quarter to the Second Quarter as they deal with tproduction challenge. The price of ethereum pulling back after the runup this week. The si. E. C. Approved the rule change to pave the way for etfs that buy and hold ether. Specifically, the s. E. C. Order approves applications from various exchange to list eight ether funds. The order does not approve the funds or set a date for the etfs to start trading issuers are awaiting approval from the s. E. C. For the funds and it is unclear how long the process will take. This has been the week this was a buy the rumor and maybe not sell the news. Thats most of it ethereum is down 2
Home that higher for longer narrative. We are seeing pretty decent sentiment here, big tech rally in the u. S. Leading some of those stock sire in the region here in asia as well. It is a little bit of holiday session, hong kong as well of as well as curia close. The markets are online, we see decent gains. One of the big stories across the bloomberg, spotlight on china property is starting to see play through when it comes to these key assets like dollar china as well as the aussie dollar watching iron ore. This proposal that beijing is said to be considering to have local governments across the country by out millions of unsold homes. This is according to people familiar with it. This is such a huge ambition and a lot of questions around this if it does come through in terms of the effectiveness of such a policy. Lets bring in Stephen Engle in our China Economy editor james major. Let me start off with you. Lets get to you, james. We have all been covering the highs and lows and real
20 so what does that all mean . White house director of legislative Affairs Mark Short is here, he will tell us. Matt lauer apologizing following reports that he had several inappropriate encounters with women during his tenure at nbc and now folks are asking who knew what, and when did they know it . Nbc insists none of the current executives knew anything. What about former bosses . Are there legal implications to all of this . Were on it for you. Ambassador nikki haley issues a tern warning to north korea. Stop your acts of aggression now. Will tough talk change anything . Were asking retired fourstar general jack keane. First to adam shapiro on capitol hill to tax reform and my goodness, were inching, close and closer. Mccain news, big stuff, adam. Reporter huge news what john mccain said about voting yes for the bill. It provides cover for 10 senators on the fence. But none of those senators have said no other than ron johnson. Even johnson gotten essentially what he wants as has
After that senate delay, the tax vote right now as you can see got red arrows across the board. The dow pointing lower by 27. Lauren investors paying attention to tax cut drama in washington. Cheryl falling after the senate delayed the vote until this morning the nikkei did gain. 4 . Lauren stunning verdict in San Francisco in the murder of kate steinle that has renewed the debate of sanctuary cities. Fbn am starts right now. Cheryl 5 01 a. M. In new york. Good morning, im cheryl casone. Lauren good morning, happy friday. Cheryl we have the kate shrinely verdict on top of what happened in washington. A lot of troubling news. Of course, we are watching all of it. Lauren we begin with whats going on in capitol hill. Senators working to bring tax reform bill to a vote 11 00 oclock this morning. They are trying to reach a deal after a report showed that the tax cuts would not pay for themselves. Several senators concerned about a projected jump in the budget deficit well ted cruz supportin
Oh im Maryanne Demasi and london youre watching aljazeera also coming up ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah two suicide bombers attack a church in the pakistani city of quetta killing nine people. South africas Ruling Party Congress formally nominate two candidates to meet them jacob zuma is exwife and his Deputy President. And the u. S. Special counsel Robert Miller is accused of illegally obtaining emails by a lawyer from trumps transition team. The anger over u. S. President Donald Trumps decision to recognize jerusalem as israels Capital Shows no sign of abating from ankara to jakarta to karate thousands are still rallying against it as. Seen in the turkish capital ankara thousands took to the streets to vent their anger and stand in solidarity with the palestinians meanwhile turkish president. Said he wants to open an embassy in occupied East Jerusalem days after leading calls a summit of Muslim Leaders to recognize as the capital of palestine and the Un Secu