5 quest back resigns Prime Minister of the palestinian authority. And since the resignation of his entire government move scene is a step towards reform and the post for middle east peace of the and feel welcome to the program. We start with breaking news from budapest, hungary, parliament has approved swedens bid to join nato, removing the last obstacle to the countrys membership of the west and military alliance. And though make is approved to build an evening, sweden succession by 188 votes to 600. Is the last of natos 31. 00 Member States to ratify this wage membership bill your total velocity. Lets get more from d. W correspondent, Teddy Schultz in brussels. A welcome, a terry talk us through the reaction as well. Certainly in sweden they were hanging on this vote in the gary and parliament after 19 months of delay. So the Swedish Television ran the vote live, they had been basically taking it down ever since a Prime Minister or bond said last week that the Hungarian Parliament wo
Destabilizing and indeed, short side ukraine would have never happened. I talked to put a lot along with them. Well, kind of shake its dump shameful stagers. Its on american holes on the day, attracts us to a gas and was a kind of farmers from across europe blockade brussels to protest about high cost competition. And red tape police have been using walter ton detroit and extinguish fires burning. Here its been less than a month since protesters descended on brussels, lined the street last time, and farmers tell me theyll keep coming back. So it seems like this may not be the last welcome to the day, and then a donald trump has moved a step closer to his the consecutive republican president ial nomination. Under b match with the man who beat him in 2020 say present. Jo bivens, mr. Trump won the South Carolina president ial primary out the weekend, decreasing his own remaining rival nikki, highly by 20 percentage points. It says 4 consecutive victory leaving him firmly on cost to become
Im Katie Greifeld in new york. Welcome to bloomberg markets. We have good news. Stocks, s p 500 up. 7 so far. If these gains hold that would be the second straight day of wins for the s p 500 which feels like hasnt happened in a while. Big tech, the nasdaq 100 currently higher to the tune of. 9 but as we know, everything can change tonight when we hear from tesla, kicking off a big week of earnings. I did want to check in with the bond market. It yields were at higher but now moving lower, the 10 year yield lower by two basis points, very quiet day so far. We will see if that holds. From the bond market to airlines , jetblues nosedives with revenue said to fall more than anticipated this year thanks to bloated capacity in latin america. Last month jetblue laid out plans to drop routes and we have the details. It is pretty brutal. At one point falling by the most since 2020. Brooke this has been the story of the past year for jetblue that they just had too much capacity and is way out o
My chart of the morning has to be with carper copper. ,ou are looking at nineday run the longest winning streak since 2004. What it means for inflation, we will dissect that. David lets find out what is going on outside the business world. Emma some new Jersey Transit riders are facing decades of tax hikes to subsidize a new 12 billion into manhattan. Outgoing new Jersey Governor Chris Christie proposed a surcharge in his state until at least 2038. He canceled the hudson river rail tunnel in 2010, saying he did not want to burden taxpayers. The great lakes is dealing with recordbreaking snowfall. Yuri, pennsylvania was hit particularly hard with 63 inches of snow since christmas day. At least another five to 10 inches are expected. Chinas leading policymakers plan to discuss amending the National Constitution for the third time since 2004. The decision was made today at the meeting headed by the president. The party will convene in january. There are no details where possible changes c
Flat. R yen now we had seen it move lower throughout the session but were off the lows of the session and is vix is what everyone watching. 45 is how were trading on the vix. Thats like a quadruple from what we saw last week. Modestly higher. I was interested as to why we didnt see gold spike more. To be about equities and commodities kind of taking on the chin. Raises the question whether its fundamentals or technical. Well be die jekting over the next two hours. For the first take, there are three top stories. You have equitys and what is the fed going to do . David . Were joined by Michael Mckee, Bloomberg International correspondent and the reporter bloomberg news. What happened with the dow yesterday . Ill pull up a screen that tells story of two days in one chart here. One on the left is what happened on friday when we had those out about jobs. The one on the right is what happened yesterday. Michael, what does this tell us . Tells us that we saw return Inflation Expectations ear