Number. Dont forget yields at 2. 46. A tear, and crude a little bit down but still above the 61 level. David emma chandra is here with first word news. Emma thank you. North korea has agreed for the first talks with south korea in years. The Winter Olympics are being hosted by south korea in february. North korea has assigned a delegation to the games. Environment to ask the trump thenistrations fight trump administrations plans for offshore drilling. The Obama Administration gave up on drilling rights. In the u. K. , productivity rose in the Fourth Quarter by the most in more than six years. Still, british products is barely higher than 10 years ago. Global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. I am emma chandra. This is bloomberg. David. David thank you so much. Time now for our daybreak first take. First up is of course a jobs day. Second, continuing the new year tear, and third, the chip program has affected apple. Alix joini
Platform outside johannesburg. It was the second train crash in the area within a week. Last weeks accident killed at and injured over 260. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Shery im shery ahn. Vonnie and im vonnie quinn. Welcome to Bloomberg Markets. And injured over 260. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Shery here the top stories on the bloomberg and around the world. Debate. Immigration taking center stage as President Trump meeting with a group of 20 lawmakers today. House Speaker Paul Ryan singh republicans want to solve the issue. We head to washington for the latest. Ethics whirlwind. Fx whirlwind. The pboc scrapping the countercyclical factor for the yuan. After shelving his hedge fund plan bitcoin champions mapping out a new opportunity. More on the bloomberg scoop later this hour. Vonnie breaking news on mi
You picture that in power lunch starts right now. S. Hey, everybody welcome to power lunch for a wednesday. Thanks for joining us. Im tyler mathisen, stocks on track for the first down day maybe for 2018, and you want to be volatility you wont see it there look at those moves. The dow just peeking into positive territory by 0. 01 of a , led by the airlines, american, united, delta all flying a new tenmonth high and breaking news on the tenyear auction results Just Moments Away were above 2. 5 Home Construction stocks tracking for their worst day, folks, in more than a month. Morgan i am Morgan Brennan are Rising Interest Rates a threat to this rally we have all the angles covered Rick Santelli in chicago watching an auction of tenyear notes. Steve liesman here on set on the rapidly Rising Interest Rates, but we begin this hour with bob pisani where stocks are rebounding bob, whats going on slowly but surely, about you it started out rather rocky. Preopen, the futures contract, where ab
Closed lower for the first time in 2018. Some are attributing the decline to good Old Fashioned profit taking. Others pointed to nervousness that higher inflation could force the fed to be more aggressive when it comes to hiking Interest Rates. The result was a drop in stocks. The dow fell 16 points. The nasdaq was off ten. And the s p was down three. Investors are paying more attention to the bond market these days. Yields have been rising. That could usher in big changes for stocks and the economy. Steve. Reporter Interest Rates are rising, presentin a challenge to Economic Growth and to the stock market. But some look at the recent rise and ask, what took so long . The fed hiked Interest Rates three times last year. Budged. Tenyear bond yield if fell through much of 2017. It comes amid a report that china is rethinking how much it buys. It comes amid better growth, rising expectations, and a coming boost to the deficit bill, the tax cut bill. Yields are low. They should be higher. T
At the same time, there was no change to the socalled balance of risk statements, thats the risk for their economic outlook, again described as roughly balanced. Their language and describing Economic Conditions was also slightly upgraded, things like Household Spending and business fixed investments were described as solid this time around. So none of these are really dramatic in and of themselves, but several subtle and important upgrades, perhaps a slightly more hawkish tone in this statement compared to december. Scarlet bloombergs chris condon at the Federal Reserve, thank you. Michael, you heard chris talk about a subtle upgrade in the feds report today, in the feds statement. What stuck out to you . Inflation,talk about and they have increased in recent months and that sort of supports the idea of this word further inserted into it. I dont think that any question the fed is going to be raising rates this your, its only a matter of how many times. So it may not be that dramatic a