Adam had the earlier breaking events:
US President Biden is speaking from the White House now. There is very little of substance so far.
- Says he spoke with Speaker McCarthy and that they reached a bipartisan agreement
- Good news for the American people
- the agreement protects key priorities
- urges COngress, both chambers, to pass the agreement
- people will find he didn’t make too many concessions
- did not make a compromise on debt ceiling, made a compromise on budget
- expects McCarthy has the votes to get it passed in the House of Representatives
Biden on McCarthy:
- “He kept his word. He said what he would do. He did what he said he’d do. And I have no idea if he has the votes. I expect he does. I don’t think he would have made the agreement” otherwise.
As I posted earlier, US equity index futures trade has reopened for the week on Globex. ES & NQ have popped a little higher on the open.
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eur