Affairs laura cooper. This was the Intelligence Committee six of the impeachment inquiry. The committee will come to order. Igood afternoon. This is the sixth in a series of public hearings. Without objection, the chair is authorized to declare recess at any time. There is a quorum present. We will proceed in the same fashion. I will make another statement and mr. Nunez will have an opportunity to make a statement. We welcome you and respect your interest. As chairman, i will make any steps to maintain order and ensure the committee is run in accordance with house rules. I recognize myself to give an Opening Statement in the impeachment inquiry. David hale is the undersecretary for clinical affairs, the third most senior person in the department. Laura cooper is the secretary of isense for russia, ukraine, responsible for broad range of countries in the former soviet union. They have several decades of National Security experience. Dedicatedd from other their onlyants, priority has bee
Bond market barely budged today. Was todays rally the last best chance to sell we dont want to rain on anybodys parade we are sure a lot of people out there are very happy that stocks rallied today, but at the same time for an asset class, the bond market that has moved so, you know, extraordinarily in the past week and a half or so, for it to barely move today, thats a head scratcher. First of all, lets be clear. Love mariah carey whenever i can get her, especially in the heat of the august summer season. But what you are talking about is treasury is at three basis points we havent been here since 2007. You have a dynamic with the bond market, long bond about to set historical lows. Lets talk about the rest of the world. In germany theres zew Economic Confidence back in 2011 levels when we were talking about green chutes or so it seemed. If you think about the equity markets euphoria today and is it a gift from santa or truly just a reminder that the market is responding to headlines
Plows 1 billion in two uber rival didi. Half an hour away less than. Its friday the 13th. I wont draw any correlation between the date and the board. We are trading down, softer this value telling us that the axle open down around one half of 1 . Inlondon market looks like will be down 1 10 of 1 . Friday the 13 risk off. Caroline it is certainly unlucky along asian markets. People moving money into the dollar, outlining the hawkish tones coming out of the fed. Thats two days of gains for the dollar. Meanwhile, the yen is trading higher. But isromo. 6 this week currently off by 4 10 of 1 . A flight to safety, to gold, the index currently off by 2 . 21 to show you was the gold index, which is trading higher. Meanwhile, crude oil is off by a tenths of 1 . We have seen that rally, the inventories coming back, but today, a bit of the selloff coming off that sixmonth high we saw in oil. That was a check out on the assets you want to keep an eye on. Now lets get out to the first word news wit
Welcome to countdown. I am anna edwards. It is 6 00 a. M. In london. Through what has been happening in the markets. We want to start with the chart we have here. The u. S. Equity market, the s p 500 over the past three weeks. Highlighting the roller coaster timeframe we have seen. Yesterday, u. S. Stocks were little changed. A with salt session. Whipsawtouched a session. The s p touched. Apple was a big lagarde yesterday. The dollar may be listening to the dollar may may be listening to the commentary from the fed coming through this month. General strengthening in the currency. That is not seem to be applied to all of the asset classes. Hawkish commentary yesterday talking about the risk of asset bubbles. Oft was the fed story another. Asian stocks are down for their third weekly loss. Corporate earnings disappointing. The boj has been speaking in japan. Dollaryen is at 108. 8. Heading for its second weekly loss against the dollar contrasting centralbank helices in japan and the u. S
Weve been in a very tight trading range pretty much all day long. All right, sue. Lets talk a little bit more about what we might expect. As we get prepared for this press conference. You know, the market is going to be i think dissecting almost every word at the News Conference. I think the News Conference is where most of the news if there is news made will be made, ty, because theyre going to be parsing her language, her body language, and Steve Liesman is going to be there. And hes probably going to get one of the first questions. Steve steve . Lets go up to you and see what you expect to hear from miss yellen. We cant count on that, sue. You just take your question when youre called. You raise your hand and youre either in or youre out here. But this is an important day here, the beginning of the yellen era. This is the term when the economy and the rates are supposed to normalize. Heres on the yellen agenda. End qe. Reduce the Balance Sheet sometime after that. Begin heightening