Im looking at the downside of the euro when it comes to sterling, down by 2 . The tech selling down by. 2 . David it is time for the morning brief. Will, Emmanuel Macron deliver a speech. He will propose reforms to the eurozone. This afternoon, janet yellen will deliver remarks at the in abe meeting in cleveland. At 1 45, President Trump will hold a joint News Conference with Mariano Rivera at the white house rose garden. We expectl, those after 4 15 this afternoon people later, trump will be traveling to new york. There will be a part of this rollout of a tax reform package. Running us with more is marty schenker. Program. Ack to the i want to start with marty. The president has put his priority, texas. We have three tweets. They are about the nfl, the nfl in the nfl. How does that fit together . Marty it fits together with the message that trump wants to project to his base. He is going on the stump. We have north korea threatening war. We have an entire travel ban that is in place.
Is worlds 50th richest man among those detained. Betty while we are watching all of these geopolitical events, including more headlines coming out on north korea, lets focus back on the markets how investors are looking at how all these events playing into their own outlook on the u. S. And the world. I want to bring up this chart, 5080. It shows you how the threeyear and tenure spread, or the five and 30 and two and 10, i should ,ay, trying to find out represented right at the end. You can look at it several ways, or maybe specifically two ways,hich is the bill gross way which is the economy is much gloomier than perhaps with the numbers are showing some and there is not much more room to raise rates in the u. S. Despite officials say. On the other hand, others say this is not about the u. S. , the u. S. Is doing just fine, it is about the rest of the world, which is falling apart, they are all coming here to buy the safety of u. S. Treasuries, can get those yields up, they are basica
And the bit coin and crude a little softer on the day. Jonathan President Trump has the market on the brick of history. The dow closed in record highs in 10 straight sessions, the longest streak in 30 years and two more days of gains would tie it for the longest ever. The treasury secretary took some of the wind out of the sails, sending yields and the dollar lower and this comes ahead of the president s speech with a conserve pitch Political Action Conference Today at 10 20 p. M. Eastern and address the congress on tuesday. To discuss it, the head of strategy and then the head of the office at ubs. Jeff, lets begin with the 24hour roundtrip of the treasury secretary starting 3 growth and talking about a tax plan coming in august. Why didnt the bond market buy it . Jeff at this point its in a world of expectations and you mentioned two factors, the yield and the dollar. But that does come after three key components in terms of financial conditions. Two of them have eased somewhat yield
Julie i want to look at facebook. The shares dropped suddenly just in the past 15 minutes. They are bouncing up off the bottom of little bit. There is some talk, i saw some tweets about ad spending and figure out exactly what might have been said to cause the decline in the shares. The reversal, really they are down 1. 6 percent. We will keep digging and bring you an update when we have news from that conference. For a look at the broader markets, we are seeing a rally across the board. We see a gain of 1. 2 in the nasdaq. If you look at the dow, the dow is also up. 8 . We have been seeing a range earlier in the day and a leg up around 11 30. Jpmorgan is a big part of what is going on in the dow today. The earnings falling yearoveryear and trading sales falling euro per year that all of the declines were smaller than analysts had been estimating. Jpmorgan has actually been building on its gains throughout the day. This may shares are rallying. Jpmorgan is raising the analyst estimates.
Near st. Louis, missouri. A man was shot killed outside a gas station after an officer conducting a routine business check believed he was threatened with a handgun. Police say an investigation is underway and that the dead mans handgun was recovered at the scene. Bierk leave is located about two miles from the town of ferguson. Thats where the august shooting death of Michael Brown caused weeks of protest and sometimes violence and unrest. Former president george h. W. Bush has been hospitalized in houston. The 90yearold bush was tan by ambulance and admitted as a precaution after experiencing shortness of breath. That according to a statement from his office. Bush is the oldest living former u. S. President , born about 3 1 2 months before jimmy carter in 1924. And moving on, sony, they do an aboutface. The company will release the interview in about 300 theaters tomorrow, christmas day. The move reverses an earlier decision not to show the film amid threats of violence. The seth row