Boris Johnsons Brexit bill faces its first vote in the new parliament. I guess with an 80 seat majority , we expect smooth sailing in u. K. Politics on whether Boris Johnson can get this bill through . The vote today is a formality. It is a novelty in one sense for brexit. A debate on brexit and a result that is almost certain. If you contrast that with some of the very touch and go boats we had before the election, election, youhe can see how Boris Johnsons majority has changed everything. Anna what does this mean for the timeline for brexit and where we go from january and beyond . Britain will leave the eu on january 31. Oft will set up 11 months the adjustment period. During that time, britain and the eu will have time to negotiate a trade deal. Anna we will keep our eye on th at in 2020. What is the significance of president xis visit to macau . Anniversaryhe 20th of macaus return to chinese rule, but also to inaugurate the new chief executive under what has been a pretty stable s
We started to see 210 spread first,the world, u. K. And then as that happened, investors steadily selling socks, nervous about this sign of a future recession, even though it typically does not happen for a year or two after the inversion. Investors are clearly nervous. Lets take a look that inversion and see how it is happening. Lots going on. What we are looking at, in white, japan, in yellow, the u. S. , and in purple germany. In blue the u. K. Germany is still inverted. Japan is slightly above. The u. S. Slightly above. In purple, because all of the yields are in negative, that is up 22 basis points. Very close. Investors worry a recession could be ahead. If we take a look at a sector check, that is bearish. Take a look at utilities. They are up just. 2 . In a sea of red, that stands out. Those are the defensive utilities, then you have high dividends. On a date yields are plummeting, those stocks look attractive. Take a look at tech in financials, those are lower. That is true for
In power, so to speak, for more than a year, it can on. Will to wage two conflicts to supply two forces, they will need ukraine and now they can , so they need to hit now, because their factories have not yet reached full capacity, and their arsenals are already greatly depleted, nusi is conducting another, i cannot give the command to the chinese army , but the chinese think its good, everyone understands what he wants. Its just a blockade around taiwan, thats all, of course , but if the kuomintang wins, and then the kuomintang, then its all for him without a war, they win without a war, why bother, ill explain, because he needs to get confidence, he must be sure that the americans will not start a Color Revolution there in order to overthrow the kuomendan, listen, if if the guomendan wins there, they will now be able, they will be able to play a very serious game, which. In supporting internal forces, in developing local ones, they are destroying them, they all solve their problems w
Doing which. And speaking of the consumer, the high end mostly holding up so far so good thats good news for taylor made, the company taking a big swing at athleisure. But we begin with todays markets and dom chu with the numbers. Its wait and see and you might suspect on a fed Rate Decision we are seeing a mixed market, but its fractional moves and not dramatically so one way or the other. Dow outpacing the broader market, up 93 points 37,908 the s p 500 down 16 points, about 1 3 of 1 . Even at the highs, we were down a modest three points and 22 at the lows so a wait and see type trading rake the nasdaq, 66 points to the downside for the nasdaq composite. 15,591 heres the current state of play for the macro market as we head into the big rate announcement later on, the twoyear note still above the 5 mark the tenyear note yield, 4. 655 there. Comex gold up to 2313 and bitcoin down below the 58,000 mark, down 4. 5 . And then the big cap tech trade, very much about earnings and the s p
Will go back to the United States. Back toa big one coming the United States. You are talking to the embers of congress and making a strong case for tax reform. The media is not all fake. To redouble our efforts. Your country needs you now more than ever. You are leaders on this subject. We need you to be united and committed and proactive in order to overcome the forces fighting out there. They benefit from the way it is now. That is bad for the country. In a few days, i will be traveling to asia. I am counting on all of you to be back here working to maintain our momentum on tax reform and tax cuts and that will be a short amount of time. I will be away for 10 days. We are meeting in china and south korea and japan we are going to the philippines, which is an important location where the Previous Administration was not exactly welcome. The democrats will say our tax dollars for the rich, but they know its not. It hasnt even been put out yet. They intimately say its for the rich becau