Than many expect weve got an exclusive with volvo ceo. It is june 3 here on Worldwide Exchange on cnbc. Good morning. Welcome from wherever you may be watching thank you for starting orphanishing your day with us. Economic optimism is in the drivers seat now to kick off this wednesday much the market is doing what they do. They look months down the road and seeing Better Things ahead economically and socially. Stock futures up dow futures up 145 major averages are up near 40 , the s p up 30 nasdaq up 40 at its highest level since january. As far as driving and extending the output cut brent crude over 40 for the first time in more than 90 days a similar story around the world. Stocks are higher in every asian market china, hong kong also higher look at the european markets germany continuing the german dax index is up 12 in a month you can complain all you want about what is going on in the United States, Global Markets are acting the same way. Lets get more now on the protests around
Indonesia. They are expected to keep the key policy rate at 5 . Rishaad we got the nifty futures in india with about 43 minutes before the start of the session, off a little bit. Will we get another record high . We found ourselves in this position yesterday. The market up 1. 1 . Currently wise, flat below the 71 rupee level. Tenure yields under some pressure. We have this story from the bank of india suggesting they are comfortable with a bigger budget gap, which would mean there would be less bond issuance. 6. 71 . 10 year, we go to new york and su keenan. The house of representatives have impeached President Trump for abuse of power and obstruction of congress. He pressure ukraine to political rival, joe biden. It is only the third time in u. S. History lawmakers have invoked this constitutional sanction of the president. The impeachment will pass to the senate for a trial. A rate cut in australia are in doubt after a strong jobs report for november. The bond yield gained as inloyer
Now trading at 66 times earnings and i just think people are playing with fire. This could be done quite frankly and they moved 8 million into the country and think about that. They managed to bus and fly individuals all over the i dont understand of america. Theyre selling thing to work and what you do when you pay people not to work, stuart, people tend to work less. Using the courts for political gain is not a great approach. Stuart tom petit. I was about to tom petty. I was about to say i really dont like this music. 11 00 eastern time, monday, march 4 and its a big day, folks. Check the markets first of all. Not a big market day. Dow down about 100 and nasdaq down about 25 and big tech, mixed picture there and we have winners and losers and amazon, microsoft up and meta, alphabet, apple down and 10year treasury yield is below 4. 25 , 4. 22 to be precise. Now this. I think is a make or break week for President Bidens campaign. It has started badly. An our ago Supreme Court rejected
Thats the far right. We need a lot of prayers for this country. Host that was michael in maine, a republican. Well be back tomorrow morning 7 a. M. Eastern time for more here on the washington journal. Well bring you up to the house floor. They are about to gavel in for the new speakers first full day in that post. Live coverage here on cspan. [captions Copyright National cable satellite corp. 2023] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy visit ncicap. Org] [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of the closedcaptioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u. S. House of representatives. ] the speaker the house will be in order. The prayer will be offered by reverend john matthews, grace Lutheran Church, apple valley, minnesota. The chaplain let
Care act. Is that a fair criticism . I think in part it is and in part it isnt. Im not sure that it is the dissents right to say that the court had to strain to create ambiguity here anymore than it does in a range of cases that get far less attention. Is it more of a strain to find ambiguity than it did in yates . That im skeptical. Other than the intensity of the spotlight im not sure the court had to work harder to find ambiguity than in any number of cases where it resolves hard questions. I think it is fair to say that whether or not the chief justice or Justice Kennedy thought this was ambiguous, they thought it was a drafting error. Its fair to say in other contexts the court has been less hospitable to that. Im not worried about how we come out because maybe it is mistake and congress can fix it. That argument has a lot more sway in other contexts than it had here because in most contexts its a useful and benign fiction. Here it would have seemed ridiculous. The last thing anyo