Work and no relief in sight. Speaking of relief, the top democrat in the Senate Chuck Schumer has republican Majority Leader Mitch Mcconnell agreed the rekindle talks about a stimulus package the senate is on recess through next week. We will speak with Colorado Governor Jared Polis who just moved 15 counties including denver into level red restrictions he is also part of a group of governors speaking with president elect biden this weekend. Plus we will talk with the ceo of the National Association of manufacturers who is working with bidens team to help fight the pandemic today we have with us mike santoli, steer liesman mike, the broader markets are well off the lows as we speak. They are. Kind of a little bit of an aimless back and forth type day. Absorbed a little bit of a morning selloff. Didnt do any real damage it has been firmly bid, especially with son of the bigger nasdaq stocks coming back. Holding the indexes together relatively well. As we speak, the s p around 3,580. Tha
Good morning, everybody welcome to squawk box on cnbc. Im becky quick here with joe kernen and Andrew Ross Sorkin. A gain of just over 1 the dow now at 25,000. Now the dow is indicated up 162 points the nasdaq closed at its highest day. Now about 2 from its alltime high thats the run youve seen since the lows back in march treasury yields. Theyve ticked a little higher the 10year looks like it is yielding 0. 75 crude oil prices yesterday, crude was up about 4 percent on this expectation that opec plus especially russia will extend those cuts put in place that was good for 4 as seen yesterday. Crude up by 1 to 37. 16 all of this against a tricky back drop. It is powering higher well talk to a lot of folks that will help us through this the need for Solutions Former white house and ceo of j j and they have big news on all of this. Getting an update of what has gone on. Reporting a day of mostly calm in washington, Late Afternoon in st. Paul, staging the protesters protesters ran past the
Live gaveltogavel of the house. Theyll gavel in next. Up the resolution on the appointment of managers of impeachment. Live coverage on cspan. The speaker pro tempore the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. God, we give you thanks for giving us another day. You helped promise god, you are with us wherever we are and whatever we are doing to heal and to help, give strength and make us whole. On this day, the house and the senate draw our nations attention as the process of impeachment moves forward. Bless all members of congress with wisdom. Give them the courage to honor the constitution as they have promised to do so that all americans can proudly observe their government in action. Opinion and feelings will be on edge, may all members be filled by your holy spirit and engage each other with goodwill and respect. May all that is done this day and in the days to come, be for your gritter honor and glory. Amen.
Southeast asia, gdp out of fullyear growth for 2019, philippines not playing ball the first trading session and dollaryen, gold, oil and treasury futures looming, looking at where we go moving forward as well. Dollaryen 108. 66 and gold futures pulling back slightly, by a futures contract. That is the markets. Uneventful. Here is the first word news. Kim jongun says he is no longer bound by a pledge not to willmissile tests and debut a new weapon. He says u. S. Sanctions leave him no choice but to reconsider commitments that underpinned his meetings with President Trump. Trumps reaction was muted, repeating that kim agreed to denuclearize. Hong kong kicked off the new year with renewed protests, vandalism and tear gas. Demonstrators and Police Clashed into the night after tens of thousands of mostly Peaceful Protesters took part in a march. Protesters vowed to maintain their fight for more democracy and less chinese control. Willdent trump says he finalize the first phase of a trade de
World, from vienna to london, frankfurt to washington come our bloomberg roses are on the ground with all the top stories. In vienna, opec is said to reduce its target as a rock promises to comply. Joining me for more is bloombergs annmarie hordern. But do we know so far . Annmarie good morning. What we know is theyve agreed at the opec allies meeting today to cut by the hundred thousand barrels a day, but the devil is in the details. Brent and wti are both lower. This cut is basically cosmetic. We are still waiting for more details because it just brings the figures on paper to what theyve been producing throughout the year. Some members, including saudi arabia, have been cutting well below their target. That was the message from ben salman thisfrom bin morning, and his first meeting is energy minister. He said further compliance is needed. Everyone in the room knew he was talking about, even though he didnt name and shame. The message was simple. Stop cheating. Alix indeed. Thank you