This is bloomberg surveillance. Just about positive on the s p 500. The politics on dollaryen. Dollaryen positive. 4 . The boj governor meeting with the Prime Minister who says he will closely impact the impact of a weak yen on pricing. The japanese official snapping back saying if the market is functioning property there is no need but a suggestion that maybe it is not. Lisa all of this goes to say that people who are bearish on the yen are getting bolder. I wonder how much janet yellen will put the pressure on japanese authorities versus maybe there is a sense they have used up the little ammunition they are willing to send. Annmarie she said consultation should take place and then she called the reported japanese action a rumor which makes me think the japanese did not call washington to ask and let them know we are going to make a move and intervene. Jonathan dollaryen, big swings over the last week. All the way back down to Something Like 152 to start the week. Somewhere between 1
good morning. and welcome to our first show. where every saturday, i ll sit down with some really smart people to discuss the biggest stories and what we hope will be a different way. today, we re asking, with mounting pressure on president biden, to call for a cease-fire in gaza, how much say does he really have in what israel does? plus, legal challenges now, to keep donald trump off the ballot. should judges or voters decide his future? and later, a hot topic for parents and kids. should schools ban students? from using cell phones? our panel here is all ready to go. sit back, and grab your coffee, and let s talk about it. first, our saturday starter. president biden walking a diploma diplomatic tight rope as israel continues the offensive in gaza am response to the horrific attack by hamas last month. secretary of state blinken is back in the area this week. getting more humanitarian aid in gaza and more hostages out. here at home there are growing calls for israel to
And others get ready for a new voice in the crowd as samsung prepares a new speaker. Betty good morning. Here in the markets in the u. S. , it is really the tax reform, the last minute zynga coming up from marco rubio. That dragged down u. S. Stocks. But overall it looks like central bankers are trying what we are calling dovish tightening. They are trying to move the ball forward with Interest Rates without disrupting. Mario draghi of the ecb trying to thread that line today. Paul grappling the same old problems the world developed, in terms of inflation. 7 in 2020 point does not sound terribly optimistic, does it . Betty no. No, it doesnt. Perhaps that is why markets took all of that in stride. Lets quickly pull up where the u. S. Markets ended up today. We were lower, taxes a main focus for investors. The s p down 0. 4 . Anddow lower by 77 points, tech shares, as well. Most of the major s p groups were in the red, except Consumer Discretionary stocks. A slower day in asia for you .
Be ready for them. Another step on the journey. Will you be ready when growth presents itself . Realize your buying greg i cant wait for the candy. The government will stay open another 20 years. Rosanna the Senate Passed a treaty of budget deal after 3 00 this morning. The Government Debt ceiling about march of 2017, allows the government to continue to borrow money. Greg that young man, he believe i think he is impressive. Not saying i agree with his policies but paul ryan, the running mate to mitt romney, is now the new speaker of the house. They made it official yesterday. We have video of paul ryan he is 30 in line to the presidency. Rosanna he wants to unite both sides of the aisle, but also his own party, republicans have been fighting, there are extremists in the party. Greg i like the tone he set. Heres a little bit of a speech. In all these years, chaos. What a relief to them it would be if we finally got our act together. Take a weight off of their shoulders. Rosanna he is 4
Session lows. Down to 2. 5 . Scarlet fu joining us that our breaking news desk. Street smart to update you on the breaking news, comcast planning to drop the Time Warner Cable deal. Said to plan an announcement as soon as friday. Stock is down as much as 2. 5 percent. Scarlet fu joining us at the breaking news desk with more on this startling announcement. Scarlet startling announcement but perhaps not so surprising. The sec has now joined the leaders at the Justice Department in opposing this Time Warner Cable deal. This Time Warner Cable purchase. There is a lot of deals in its wake including at t for directv as well. Now this would threaten composition and innovation and should be resolved or at least addressed in an administrative hearing. Comcast saying it is not worth this to pursue the Time Warner Cable deal. This would put the hold on this and allow the ceo of comcast to plan for its next up. Richard bloomfield spoke earlier this morning and was discussing the likelihood of com