Treasury yield target. Chancellor merkel looks to repair the transatlantic trade ties but bidens Irish Heritage threatens the u. K. s special relationship as his views around a hard border in ireland remains central to brexit talk. Welcome to the program, everybody. Just under one hour to go until the start of cash equities trading. Lets have a look at where users have us positioned. We saw a strong appetite for risk assets last week and that continues with the big news over the weekend about president elect biden. Point 21. 550 futures percent, echoed by ftse futures and dax futures. Buyave a sense of if not everything, buy risk and treasuries. We are not seeing full wholehearted embrace of the fixed income asset class this morning. This is what got on the global stocks outlook. Mastec futures outperforming. A lot of this had to do with hyden the optimism around what President Biden might do around stimulus although there is a senate conversation. What does this mean for reflation . W
But that thats more like i want to thank Ranking Member klobuchar and her staff for working closely with me and my office as we prepared for today and i also want to thank our chairman, the chairman of the full Senate Judiciary committee, senator graham, for his support of this hearing. After i and then senator klobuchar giving our opening remarks, well hear from two panels of witnesses with questions from members of the subcommittee. We have Something Interesting to deal with in the senate and every time they call votes, when they call votes during a subcommittee hearing, were at their mercy. Senator klobuchar and i have both cast our votes on the first of a series of three or four. At some point, were going to have to pause or tag team as we allow other members to sit in for us, just dont be alarmed if that happens. The focus of todays hearing is googles Online Advertising business. Whether its a monopolyist and whether it might have engaged in any conduct that harms competition and
Focus in china, the unraveling of the chinese stock rally. Seems like things have stabilized after we saw one of the worst selloffs since the gdp eight out of china. You see china targeting large caps, small caps and the latest is kwai chow moutai. Yesterday, climbing back with the stock. Record after we saw a spike in virus cases yesterday. Watching other things with indonesia markets opening up, focusing more on the Bank Indonesia rate cut, cutting rates for the second time as growth sputters, the stocks are up. 4 area strength in the rupiah. Up. 4 . Strength in the rupiah. Nifty, futures pointing to a positive open. Yvonne the Trump Administrationyvonne is turning on some of americas Biggest Companies saying they are pawns of china. Attorney general bill barr says disney, apple and others are working at the expense of u. S. And western democratic values. He said disney and apple have been manipulated by the communist party interchanging strategy to make money. The coronavirus contin
Secondquarter rally to 20 . The dow jumping 18 . However, dr. Anthony fauci today, the nations leading disease expert, said cases could soar if behaviors do not change. Fed chair jay powell said getting the virus under control is just as import does the u. S. Economy itself. Abigail doolittle has been covering the ups and downs. What is driving all of this . Abigail behind the rally we had today and yesterday, i think it is just a cushion to the end of this banner quarter. Investors wanted to make sure they locked in the gains. Fundamentally, not a lot changed. There was some fundamental economic data. Little bit more positive, some Chip Companies put up some good quarters. From the factr that there could be some more Companies Boycotting but a bit of a rebound rally. Confirming the risk on mood company 10 year yield higher. Bonds are lower on the quarter. 20 on the up about quarter. Treasuries higher. You do not often see that, where you have bonds and stocks. The same time, Precious
In our communities of volunteer to do this. Experiencesd, their , a lot of them have appreciated the opportunity to help within their communities. It will help recruiting and retention. I think it will also help to retain them in our formations. We love them all. Let them know that. Senator reid. You, mr. Chairman, thank you for your excellent statements. Gen. Perna, we had a great discussion yesterday afternoon. Talked about typically the way the military we spent i spent some time, you spend your whole life. Planned for the worst, hope for the best. Here in d. C. , and this is a bipartisan model, it is usually planned for the best and ignore the worst. You will be put in the middle of that. It goes back to the point we reiterated. You have to base your activities on science, fact, on committing saypeak truth to power, to not only the good news but also to bring us the bad news. I hope that you will do that. Can you commit to that . I 100 will commit to that. Thank you. Ppe, that we w