But is important for children and families. He ended with a threat. May cut off funding if not open. And just yesterday, he said, quote, my view is the schools should open. He this thing is going away. It will go away like things go away and my view is that schools should be open. The president views the decision about how to reopen schools as a political dispute about his own reelection. And to paraphrase his press secretary, he is refusing to let science stand in the way. I fundamentally disagree with that approach. Schools must reopen based on science and the safety of our children and teachers, notf politics and wishful thinking. I do agree with the president that schools are critically important for children and families. My first job after i graduated from college was as a High School History teacher. My wife was a school librarian. At this time of year, i remember the anticipation as the start of school would come into focus. Two of my grandchildren are schoolage, and i know the
Morning. I could go on and on, mike santoli, but when i have you on the program with me why would i bother i might as well send it over to you. Set us up for the action today, particularly given what weve seen there was that rotation earlier in the week, but it already feels like theyre coming back to growth. Rotated, with he unrotated, we will we will rerotate i do think its indicative of this market that has generally speaking hesitated right underneath the all time highs. We are all looking at that its fascinating as sara and i talked about last night on closing bell we would otherwise be saying, oh, its a quiet post earnings august period, markets in a nice uptrend, s p is up 3 month to date, its supposed to be a negative week, everything looks fine, markets maybe just pausing because its had a 50 run in 100 trading days, but because we are on the verge of that number it seems to gain outside significance in terms of people trying to figure out whether thats kind of an end point fo
Workplaces. They dont just have kids in them. Authorized tos declare a recess of the committee at any time. I now recognize myself for an opening statement. On july 11, President Trump think it wouldms be bad for them politically if schools open before the november election. It is important for children and family. Threat, may cut off funding if not open. Isterday he said my view schools should open. This thing is going away. Things go away like away and my view is schools should be open. The decision about how to reopen schools as a political dispute about his own reelection, and to paraphrase his press secretary, he is refusing to let science stand in the way. I fundamentally disagree with that approach. Schools must reopen based on science and the safety of our children and teachers, not politics and wishful thinking. I do agree with the president that schools are critically important for children and their families. My first job after i graduated from college was at the high score
Biden hop bidenharris ticket. Are also speaking with the General Mills ceo. We will be delving into all those angles in the next hour. We start on the market with sarah malic, cio of global equities. She oversees 1 trillion in assets. The backdrop, are we seeing real inflation and rotation in Asset Classes . We dont think it is a permanent rotation in Asset Classes, because cyclicals are so cheap. Markets have been very optimistic over hopes of a vaccine and earnings that stimulus is being pushed out a little bit, and that is becoming concerning and as we look at the rest of the year, between high valuation, issues over trade costs and concerns over the election, we are more focused on quality in the u. S. , but what we do like is expectations for a weaker dollar. We are looking at international markets. They have a bigger they have a better handle on the covid crisis. What do you think about the outlook for inflation . It is still relatively muted. Areou think markets underpricing or
Taking a break yesterday, but we have apple climbing again. Investors want in on this defensive and growthy tech stop. Facebook up 4. 7 after facebook and twitter both blocked President Trump, a video on covid misinformation. Facebook getting a bounce on that considering they had not taken a strong action in the past, something some investors wanted to see. Making it interesting, when we take a look at the vix on the nasdaq 100, it is higher. That tells you going into the payrolls report or some expectation volatility tomorrow could pop. David stocks may not be moving much yet, but there is action on the bond side. My question is how low can the 10 year yield go. We are well into negative territory on the real yield. Abigail this is a great question. We have had this rally for stocks, not just out of the march lows, but more recently as the nasdaq has been carving out alltime highs. Over the last five weeks, bonds have been rallying. A very persistent rally in stocks and bonds. Many fo