It is armageddon, moments ago the president told fox friends, he would not name his nomination to the court until after the services for Justice Ginsburg are completed, he said he would announce friday or saturday. He said he would move quickly, he said time for a vote before the election. Now look at this, a wall street selloff, major leagues, all kinds of problems for investors, election chaos seems to be a certainty that could even be a constitutional crisis of the Supreme Court has to decide the election and there are only eight sitting justices, there could be a tie. A second wave of virus infections has hit europe, especially britain, there are worries and comes here. China holding military maneuvers as a u. S. Envoy heads to taiwan. Grandpa got up and look what you got. The dow will be down 500, maybe 600 points at the opening bell, the s p 53 points lower in the nasdaq down 170, that is a selloff, in a moment you will hear more from the president because later on today he is he
Peace process. The president s announcement could have serious ripple effects on the world even the pope is weighing in recognition of jerusalem is the news from the president of the United States. This marks a departer from democratic demonstrations of the past here they continued to keep the embassy in tel aviv not moving into the touchy question of what the status of jerusalem ought to be the administration will not move to jerusalem immediately they said the process will be kicked off by the president of the United States. It could take some period of time, possibly years before an embassy is built in jerusalem and the site located and security put in place and the Embassy Opens and begins functioning in jerusalem the president is expected to recognize that it is the capital and that is expected to touch off reaction among palestinians who very much view East Jerusalem as the capital of a palestinian state. We will see what the president has to say here at the white house in a coup
Years. We have been a crossroads in the past, and unfortunately, we have usually taken the wrong fork. Tonight, ladies and gentlemen, you took the right turn. [applause] imperilhis win could the gop agenda in congress, shaving down Mitch Mcconnells republican majority to just one vote. House and Senate Negotiators are said to have reached a tentative compromise for the tax overhaul. The latest, we go to kevin reporting. Wn the lets start with the alabama race. , what do weoss tabs know about who voted . How did women vote . Kevin speaking with political types in alabama, who said that overwhelmingly, turnout, particularly amongst the Africanamerican Community, helped fuel doug jones to victory. He had top surrogates, including nba legend Charles Barkley getting out the support, trying to drive out turnout in urban areas, including mobile, alabama. Some areas have a turnout, surpassed and even matched the turnout in the Africanamerican Community for when we saw the obama mccain election
Mcconnell says that incumbent senator Luther Strange will retain the seat until january, allowing the republicans to maintain a majority. Cal chancellor on Angela Merkel and Emmanuel Macron held a joint News Conference on immigration. We are not quite in agreement on solidarity. Work,we must continue our because we cannot have solidarity in europe on certain matters and not on others. Mark germany has taken in the largest number of refugees. Global news 24 hours a day, the by more than 2700 700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. Julia live from bloomberg World Headquarters in new york, in julia chatter i am julia chatterley. Scarlet i am scarlet fu. Joe and im joe weisenthal. The question is whatd you miss . Senator bob corker makes a 180 and says that he is a yes for the tax bill after initially opposing it. As a cryptocurrency take steps towards going mainstream, concerns over an initial offering grow. Meanwhile, another hedge fund
Abigail were almost at the end of the year. We had a big rally, also for stocks. Not a big rally but solid gains. The dow is on pace for a record close. Right now, we do not have alltime highs. Check out this smallcap russell 2000 leading the charge of about up of. 6. The big topic, the tax overhaul. Smallcap companies are considered to be more sensitive to, considered their more meaningbased, perhaps they are more sensitive to what is happening in the u. S. 3316. Look at g btv these are not the russell 2000 Tax Companies but what we are looking at in blue are low Tax Companies. This purple, goldman sachs. And the wide to it high Tax Companies white, high Tax Companies, up 7. 7 . Deal. Ll but a done pretty interesting. It is also interesting to see the russell 2000 sensitive to taxes overall and what is happening in the u. S. G btv 32, this is a oneyear chart. The white, russell 2000 to the s p 500. It has been trending down as the husband uncertainty and volatility around the possibil