Data check. Stocks them to be advancing. Dollar, treasuries, both slipping. The dollar is edging lower and treasuries are rising as janet yellen said she will step down when her term ends in february. I also wanted to talk to you about the turkish lira, you can see it at the bottom of your screen. It hit a record low against the dollar. We will get plenty more on your market moves. Now, lets get straight to the bloomberg first word news. Sebastian u. S. President donald trump is designating north korea a state sponsor of terrorism. The regime to additional sanctions. North korea joins syria and the sedan on the u. S. Terrorist list. This will impose sanctions on north korea and related persons and supports hour maximum Pressure Campaign to isolate the murderous regime. Sebastian janet yellen has said she will step down from the board of governors wants her successor is sworn into office. It widens the scope for donald trump to shape the Central Bank Leadership for years to come. Jerome
Flatten. The currency move of the day is what is happening with the turkish lira. A huge move today. We will discuss that later on in the show. Because theres a war going on between the president and the central bank. The last 24 hours hasnt brought much certainty and who will govern germany. Chancellor merkels largest partners expressed no interest in coming together and she said she would rather have new elections they go forward without a majority. Matt miller has been covering each development and we welcome him from berlin. Bring us up to speed. What is going on . Matt you summed it up quite well. The key is she doesnt want to go forward without a majority. The form still prefer a Majority Coalition with either the ftp and the greens or with the std her Current Coalition partner. That seems so unlikely, the ftp having to walk out of Coalition Talks. The stp saying it is no way interested in prefers to stay in opposition. Now the president whom you see here is going to try and forc