It is 8 00 a. M. Across the uris. Emirates. I am yousef gamal eldin. Rishaad i am Rishaad Salamat. Welcome to Bloomberg Markets middle east. The Federal Reserve, we will delve into that, the finer points. And the narrative seems to be , about to change looking at the prospect of more growth and probably higher inflation. U. S. Treasuries. Yousef quite remarkable what happened overnight. If you look at the fed minutes, fed officials are talking of Economic Growth accelerating. That is possibly putting pressure on the rate hikes. It has to move faster. Let me show you a chart, the kind of song we saw. I know it looks like an ekg on steroids, but you can see the ups and downs. You sell reaction on behalf of of the fed. We did not get many ideas on when the next rate hike will be. And also the undershooting when it comes to the jobless level, it keeps prices stable in the long run, which is ironic considering not too long ago, you were talking about a slack in the labor market because of t
Brent crude up to 55. 48. Okay. Breaking Global Market news some early news this morning. The Uk Supreme Court ruling against the British Government in a key brexit decision. The vote means the Prime Minister, theresa may, must get parliaments approval in order to trigger brexit. Look at the pound moving on a result of this. Youre seeing it falling there over a half percent this morning. A couple other big stories to tell you about, yahoo reporting better than expected results on the top and bottom line. The company saying the sale of its core Internet Business to verizon should be completed in the Second Quarter which helped ease investor concerns that the deal might collapse. The 4. 8 billion transaction was supposed to close in the First Quarter. We talked about it yesterday along with that news that the government was looking at yahoo and the fact it had not disclosed that breach earlier. Barclays turning cautious on apple. Downgrading the iphonemaker. The analyst is cutting apple
Block that, says senator schumer even though obamacare is in its death spiral. This month 2 of his presidency, to the left and the elite donald trump must be undermined, blocked and condemned. Meanwhile, we have this. Two surveys of Small Businesses show a huge increase in optimism, a surge since the election. Then there is this, 20,000743, the tao is closed, another record, talk about wealth creation, we are up 2 . 97 trillion since november 8th and the election of donald trump. Politics and money, what a contrast. Speier is about to begin. We begin with the story from denver. A sanctuary city outraged, local Police Arrest and illegal immigrant on theft charges. Federal authorities held in jail until they can pick them up, taken into custody. That request was not honored, the suspect posted bond, he was released. A little time later the man is charged with murder. All rise, judge Andrew Napolitano is with us on wednesday morning, the Denver Sheriffs Department is saying it had no auth
Us to believe that is the man he knows and is more familiar with. Lets get up to speed, a firm tone. This morning a little bit softer, down about 1 10 of 1 on futures, equities treading water, but in the fx market it is a stronger dollar story with yields pushing higher on treasuries. 2. 47 on the u. S. 10 year. Alix the curve is a little flatter, curious when you have the market relating fed expectations. The fix is slightly lower but im surprised it is not at 10. Softer, and oil not participating in any kind of risk on rally. Jonathan apparently it is not the only game in town but a big player, the Federal Reserve. The chief dov signaling they might be ready to move on rates. Brainard said the economy might be Strong Enough for the fed to make a move this month. We are closing in on full employment. Inflation is moving gradually toward our target. Foreign growth is on more solid footing and risks to outlook are more balanced than in some time. Appropriately be soon to remove addition
The 8th and gained momentum. Its been ignored, passed over by the antitrump media. But, its happening now. Other head liens out this morning the negotiator in chief steps into the obamacare debate and will take conservative critics out for bowling and pizza. Talking about President Trump, hes got a lot more leverage than bowling and pizza. Gas average 2. 30 nationwide, watch for it to come down very soon. The price of crude oil is tumbling. Gas will follow. Despite it all, the dow is holding up. No big selloff since the trump rally began. We will open ever so slightly open down today and please remember, eight years ago today, the dow hit bottom around 6,500. Its been quite a ride since then. Varney company is about to begin. Well, start with this breaking news, this is going to be a headline today. U. S. Led Coalition Forces ramping up air strikes on syria. The marines have arrived in syria and carrying with them heavy artillery. What else do we have. Howitzers, 500 marines and theyre