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Lets get a check in on the markets. European equities are pretty flat. The stoxx 600 struggling for direction. You heard and the headlines, three key things we heard. The dovish message from Jerome Powell reiterated and we got better than expected data in terms of retail sales and factory output, pushing the 10 year yield up. It also pushed the dollar higher and we hold on to those gains. The question as whether President Trump can have the weaker dollar at the same time as a strong economy. And can he have gains in stocks as the same time as a trade war continues . As you made those comments, the s p 500 took a hit, dropping for the first time in six sessions. Coming up, we speak to the oecd secretarygeneral. Dont miss that interview live. Lets get bloomberg first workers. Word news. The u. S. House voted to condemn comments from donald trump that are racist. Week, he tweete ....
Candidates are going to be battling it out on night one of the debate. Coming up, what you should know ahead of tonights showdown. Good morning from the studios 57 newsroom at cbs news headquarters here in new york. Good to be with you. Im annemarie green. Tom hanson is here in new york. Tom, as i understand it, mueller did not want to testify, so ultimately why did he agree to do so . Well, annemarie, the House Committee subpoenaed mueller. He says he does not want to fight the subpoenas. Mueller is expected to appear before tin public before two panels and its the first time hell answer regarding President Trumps campaign. Now, the committees have been in negotiations with mueller for weeks about his testimony, and muellers only Public Statement about his 448page report was last month when he said the report should ....
Plan to adapt. Vonnie we have had interesting trading this friday. Julie hyman is with us. Quadrupleis socalled witching that can cause some level of volatility. It usually causes surges of volume at the open and close. We have index rebalancing which can cause some of the same effects. Already on the s p 500, more than 50 above the 20day average as the dow and s p push towards records on the closing basis. I will have to check my numbers to see if it is on an intraday basis as well. On the tax bill, marco rubio according to fox was a yes. Then an aide said he was a no. We are reporting some of the concessions he pushed for appear to be making their way into the bill having to do with the child tax credit. That spurred stock market highs of the day. Board, see across the despite a subsector of industrials, we are seeing gains today. Health care and telecom are leading the pack. Everything is trading higher on a sector wide basis. If you look at the tax proxy, it has been an interesting ....
Surveillence. Is a look at european stocks. Theyre getting the most in two weeks. Its a little bit better than our preliminary estimate. We see the German Economy powering through overall. We also saw some unemployment figures that beat estimates. Commodities extending a little bit of a record run. Eurodollar, a lot of focus on the currency today. Yield is atyear 1. 95. This is a we have coming up on surveillance. We will hearing from john chen. 10 00, we will be joined by Stephen Michael smith. Cklowsmith. A they will be seeking to joshua green. Will be speaking to joshua green. Onto nejra cehic. Officials debated the risk to american outlook last month with some concerns about inflation and robust growth. The minutes of the meeting show most participants reiterated support for, quote, continuing a gradual approach for raising the target rate. In three moreiled hikes for 20 ....