Underperformed. Joe i thought the fed would have to cut again. [laughter] japans u. S. Treasury holdings falling 28. 9 billion, the latest number here. 1. 15l by 28. 9 dollars to trillion. This is according to the treasury department. Nonetheless, japan remains on top as the biggest holder of u. S. Treasuries. Caroline lets dive deeper into our market reporters. At the close, what were you watching . Luke scarlet had a good reference with treasuries in the past. Lets look at treasuries in the future. We have a chart showing the 10 year yield in the one year forward yield. The difference between them on the bottom panel here. But we have got here is that throughout the course of the year, people became very much doubting around the time of the first rate cut and the time that the u. S. Dollar offshore yuan broke seven. A strong move downwards in the yellow line and purple line. That is when people started to think we are in for a global recession, world is over. Since then, you see thos
The charge and treasury yields surge as markets are at record all time closing high territory for the major averages joining us for the hour, stephanie link good afternoon to you. Today is what trade headlines that push us higher but with that rise in yields is improving sentiment. Three thing its trade and obviously the roll backs on tariffs. Potentially. Well have to see how that works out. Earnings earnings are better. 2 better than expected. Not great. Flattish overall but next year even though numbers have come down still looking at 10 Earnings Growth. Maybe the story is Third Quarter, Fourth Quarter is trough in earnings and most important to me what is driving the risk on trade is Global Growth stability if you look at german factory orders, you look at german pmi services yesterday, you look at italys pmis, they are not great but stabilizing. Thats causing yields to rise and with it the cyclicals sector big final hour here thanks for being with us lets drill down on the other b
We did get japanese factory orders which were disappointing down 7. 8 in may they were expected to fall only 5 were down full 1. 5 as you can see in hong kong a little more than that in shanghai 2. 6 . European equities are lower, down around about 0 where do we look on the screens 0. 1 there we go, down 0. 2 in france, italy holding on to slight gains we did get some better than expected german Industrial Production data up 0. 3 in may. It was expected to fall slightly treasury yields back about 2 . Similarly the german yield is back above 0, negative 0. 4 and were up 0. 23 . Deutsche bank announcing it will pull out of Global Equity scales, scale back Investment Banking and slash 18,000 jobs as part of a Global Restructuring plan you have been following this story obviously throughout the weekend. And i thought your comments earlier with dom chu were interesting. You sort of term this as ripping the band aid off. Finally. Perhaps a little too late. Finally exactly. So 18,000 had cut
Good morning, welcome to news 4 midday. The fbi has searching the home of d. C. En couilmember jac evans. This comes just one day after he resigned frommetros board as he faces allegations of multiple ethicsviolations. We have news 4s mark sea graves from the scene there and hastc wang people come in and out. Reporters camped out waiting to see if well hear from jack evans himself today, mark . Good morning, this all started about 6 00 this morning, when the fbi knocked on jack evans door. These reporters left behind waiting to see if evans will come out. Fbi agents closed off this entire block here in georgetown as they searched his home for hours. We caught a glimpse of evans walking into the house this morning, wearing a gray tshirt. We tried to talk to his long term attorney who showed up here. Again, the fbi were here all morning, we saw them coming out of the house with several evidence envelopes and boxes. The fbi will only say they were hge conductin an investigation as part of
Here next week. And this morning millions of people on the west coast are bracing for a onceinalifetime storm, hurricane hilary bearing down as we speak, the first tropical system there in nearly a century. Hilary has already turned deadly in mexico dropping heavy rain, washing out roads, triggering flash flooding, and now new warnings this morning and new concerns about all the water this storm is set to drop on bonedry Southern California and whether that region can handle it. Well have the latest in a live report and your forecast just ahead. Plus, our quugs sunday focus on the hit movie the blind side. A feelgood movie taking an ugly turn. Then our sunday spotlight on the Island Community off the coast of maryland at risk of disappearing under water just a few decades from now and the people who live there and who are moving there who say they dont plan to go anywhere. Later as wee continue oscar august, willies sunday sitdown with h golden glolobe winner austinn butler on steppig