Cable. T to highlight you could argue we are not really going anywhere. Poin the 50 basis point cut to be already priced in. We get more coming out today on the 10 year. Yields down by about 10 basis points. Crude continuing to rollover. Time now for global exchange, where we bring you todays market moving news from all around the world. From london to rome, to hong kong and new york, our bloomberg voices are on the ground with this mornings top stories. The bank of england cutting rates to help keep credit flowing amid Economic Uncertainty over the virus. Bank of england governor spoke earlier in england. Carney the bank will take all necessary further steps to support the u. K. Economy and Financial System consistent with its statutory responsibility. Ago, that was a few hours and then we wait for the budget. Absolutely. A fine display of cooperation from monetary and fiscal actors. Weve heard from the monetary side. We wait for this fiscal side this morning, coming around an hour an
The final techs, and the Trump Administration places new sanctions on iran putting the middle east back in the headlines. Were down 90 appoints or so down about ten basis points. Joining us for the shore is dan nathan from risk reversal advisers wassail pullback warranted when you think about how we closed the year out, the fact that were kind of up a percent, the s p 500, a couple in the nasdaq more of the same, similar outperformance that we saw, tech stocks in particular the market is digesting a bit. A lot of news, volatility. 29,000, of course, where were below that level we did have three record closes, with the ten basis points of declines 58 1 2 minutes left. The dow hitting 29k earlier in the session. Were on watch to see if it makes it above that level. Bob pisani Steve Liesman is wrapping up the jobs report, and sean darby from jeffries is here with his outlook. Two strong updates. Valuations are very my s p 500, of course a new high. Earlier today, i just want to point out
Cutting back production of the 737 max. Could announce a decision as soon as today. The board began a regularlyscheduled meeting yesterday that is set to continue today just last week the head of the faa told us right here on squawk box that the 737 max wouldnt be cleared to fly before the end of the year u. S. Regulars then warned boeing that it had been setting Unrealistic Expectations for the jet to return to service further Production Cuts would inflate boeings costs and take a toll on Financial Results as fixed expenses would be split among fewer planes the ability to effectively amoretize all of those costs and would also be a real pushback on the company and on the companys ceo. To me, if there really is a production halt, then theres going to be a succession story that i think we havent had yet. The Ripple Effects of what that means not only for boeing but all their suppliers along the way. Thats a much the reason you halt it, i mean, youre just blowing money if you keep making
So tonight, of course, we have cory and brian merchant here to talk about bryans new book, which is out yesterday called blood in the machine. And coreys new book is out just a couple of weeks ago called the internet con. Its very exciting stuff. People. So theyre going have a conversation and then well open at the end for some questions. So of something penetrating, hard hitting, but also a question not a long story. And then well have book signing to finish out the night. So i think everybody is familiar, these two gents up here. But for sake of, you know, the ritual cory doctorow, a Science Fiction author, activist and journalist, hes on the stage, left side here. Up here. The internet con is the most recent book. It is called a big tech disassemble manual, which is the coolest subtitle ever. Hes also a prolific writer of fiction as well. His latest novel is red team blues, a techno thriller finance crime. Hes also the author of the International Young adult a little brother series.
So tonight, of course, we have cory and brian merchant here to talk about bryans new book which is out yesterday called blood in the machine. And coreys new book is out just a couple of weeks ago called the internet con. Its very exciting stuff. People. So theyre going have a conversation and then well open at the end for some questions. So of something penetrating, hard hitting, but also a question not a long story. And then well have book signing to finish out the familiar, these two gents up here. But for sake of, you know, the ritual cory doctorow, a Science Fiction author, activist and journalist, hes on the stage left side here. Up here. The internet con is the most recent book. It is called a big tech disassemble manual, which is the coolest subtitle ever. Hes also a prolific writer of fiction as well. His latest novel is red team blues, a techno thriller finance crime. Hes also the author of the International Young adult a little brother series. And i think a very cool note in