Transitions, sunday night at 8 00 p. M. Eastern on cspans q a. Former House Speaker john boehner joined a discussion on the Incoming Biden Administration and the 117th congress. The mir i hadian International Conversation also included former transportation secretary Rodney Slater who served in the linton administration. Ms. Verstandig thank you, thank you. Its an honor and privilege to be here. Meridian has been very much a part of my personal and professional life and i very much appreciate the opportunity to be in dialogue with this distinguished group of panelists today who are both friends and colleagues and i think that group is very much representative of the things that you just laid out. And theyre the themes of disgraced democratic experience this great democratic experience that we here in america undertake and have undertaken for the last 240 years. But it is a Bipartisan Group and if i can just add a p. S. On my personal bio, as everyone who knows me well, not only do i do
Come whichrevious also been revised higher. There was some expedition that as prices come up because of the fact you can get cheap lending at the moment or cheap borrowing , you would expect that at some have, that would start to an impact on a month by month basis. Nevertheless, the market was looking for this month on month number two actually slow, and that hasnt happened, which is really interesting and the light of what we are starting to see in the employment market. We saw initial jobless claims out a little bit earlier on. Youre starting to see the negative data could begin from the employment side of the economy, starting to come in a little softer. Bloombergs mike mckee joining us now with the details of that. Michael at one point on the housing numbers, existing home sales or closings, so these contracts were signed a couple of months ago when things were a little better in the economy, and we got low mortgage rates, so the one thing the fed has been able to do is stimulate
The russell 2000, another alltime high, up 2. 1 . The s p 500 up a solid 1. 5 . Important is the cyclical reopening rotation we had happening in recent weeks, often it comes at the cost of tech but that is not happen today. The nasdaq 100 is up 1 . This is a bully lock cyclical rotation on the expectation of normalizing economy this is a goldilocks cyclical rotation on the expectation of normalizing economy. I know we have been talking about whether or not it will last. If we take a look at the sectors on the month, it does suggest the cyclical rotation is on the way. Take a look at energy, up 30 . Heading toward its best monthly performance ever. That is the foam oh buying we have around that is the fomo buying we have around energy, but also financials. We have stocks off to the races. Taylor is interesting as we talk about the reflation trade in the outlook for politics. We are looking at bond yields up three basis points on the 10 year, five basis points on the 30 year that goes in
James knapp to the u. S. District court judge for the Northern District of ohio. Votes expect around 5 30 p. M. Eastern time. You are watching live coverage of the u. S. Senate on cspan2. Ie senate will come to order. The chaplain, dr. Black, will open the senate in prayer. The chaplain let us pray. Sovereign god, you are you are wisdom without end and mercy without limit. We worship you. Lord, have compassion on our nation. Heal our physical, mental, and spiritual wounds. We are worn out from this challenging season. Restore us to the vision of a liberating freedom that enables justice to flourish. Hear the prayers of our senators and give them your peace. And, lord, thank you for the degree of resolution that has occurred in our nations election process. Remind us all of the wisdom of mark 3 25 that says a house divided against itself cannot stand. We pray in your mers sovereign name. Amen we pray in your sovereign name. Amen. The president pro tempore please join me in reciting the
Looking at chinese data coming out confirming the momentum of the return. We have pmi data. Is a look at the benchmarks we are looking at. Some of the foreign exchanges and commodities. Climb. Ing a massive up 3. 4 . The dollar index is moving up. We have seen this drop alongside the oil prices as well. The dollar is one of those in the crosshairs. Gold is steady. Lets get to new york and have a look at some of the first word news headlines, here is karina mitchell. Coronavirus cases are leading to more lockdowns. Germany, and the u. K. Already increasing but controls. Than. S. Reported more 78,000 new cases over the week and after two Straight Days of National Records. Anger is rising across europe as governments impose new lockdown rules. Officials blocks travel from local regions. There is still no national clampdown. The u. K. Will go into lockdown again later this week while extending wage support for four load furloughed workers. South koreas export led recovery continued last mo