The tenyear bull market makes new history as the fed chair appears to make the case for a rate cut plus big tech is at the center of the president s tariff fights as france vows to tax some of the largest American Companies. The white house hits back. And forget f. A. N. G. Jim has a new basket of stocks to watch you saw it here on squawk on the street. The s p surpassing 3,000 yesterday for the First Time Ever after the fed chair did signal a rate cut is on the horizon. This morning it goes back to the hill, testify before Senate Banking. Yesterday in front of that house panel, he was asked if a strong case could be made for lowering rates due to trade uncertainty and inflation short of the target this was his response. Yes, as i mentioned, we think that uncertainty around trade policy and also Global Growth, its not all down to trade policy theres something going on with growth around the world, particularly around manufacturing and investment and trade. And so that uncertainty is, w
Editor in chief make and murphy. Love this issue and the people you write about. What is the bloomberg 50 . Megan this is the first time we have ever done this. When bloomberg thought about it, we thought, who were the 50 people that defined this . It is always the same people on this list. We thought, what if we did this differently and looked to find the people you have heard of. You are not going to have heard a lot of them, but who really changed the way you think, what you do, how you conduct your life or business and will be trendsetters in the future. We are really excited about the names on this list. Julia they certainly defined something in 2017, rose mcgowan and ashley judd, talking about Harvey Weinstein. Landscape inthe media, and politics in 2017. At thise were looking issue and the wave of Sexual Harassment that has spanned across industries. We are grappling with it. To try and single out anyone was hard, but the recent we chose rose mcgowan and ashley judd was because
Im a total loser. Im with you. You are with me i didnt mean it with me. Sounded just like you did lets look at futures, of course speaking of exciting, our markets have been exciting lately a higher open this morning after that turnaround yesterday, european markets and well answer and assume well have spain and italy in there there they are all down this morning. Spain the worst performer of those european markets the 10year note yield was a concern. The budget deal exacerbated concerns about a growing deficit. Will we be able to finance it without rates moving higher . Whats the feds role going to be there you see it 2. 866 is the current number. Lets get to the road map. It starts with the stock market seeking stability after those recent very volatile days. A higher after being in the red for most of the morning. Twitter shares are up more than 25 right now in the premarket the social Media Company reporting its first ever net gaap. They didnt fall into the gap any soared into the
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Reform this week. In the business section we had a graphic evidence of the Health Plan Health plan. House plan. Megan its a credible, serious attempt to implement major changes to the u. S. Tax structure. Also there is so much at stake with this politically. It is fascinating a year after the election we are now getting to what republicans universally say is there real thing that really have to get done now, tax reform. , there is atries reason why it has failed traditionally. U. S. Tax code is so complex and are somebody vested industries and sectors and people and special Interest Groups that for so long have relied on a lot of parts of the tax code that in a normal system you would not have had. What is fascinating about the house plan is number one how much it raises the deficit. Carol the second is and how to make the numbers work, how much they looked at smaller, limited parts of the code that will make a difference but have really strong entrenched interest. Julia when you add t