We are seeing in china mobile to the Global Supply chain. Pmi will continue falling. It will be a big hit to china, hong kong, maybe all of asia. The bond market is saying something is wrong. Fixed income yields keep falling. Yields are incredibly low. Are pricing in structural stagnation, recession, or deflation. Negative yields overseas and the relative attractiveness of the treasury. Joining me around the table in new york, priya misra, vishwanath tirupattur, and from minneapolis, Tony Rodriguez. We will talk about the data and then move into the treasury market. It is really quite messy and difficult to get your hands around. But todays data is the only data point where we can say the u. S. May be backed up by the coronavirus. You look at price action across asset classes, it looks like the treasury market is running with his weakness in growth theme. Whether you look at credit or equities, they all seem much more complacent. What is the story . Is the treasury market too pessimist
We will see mixed pmi globally. The pmi will continue falling. It will be a big hit to china, hong kong, maybe all of asia. The bond market is saying something is wrong. You look at where we are in 10 year yields. Fixed income yields keep falling. Yields are incredibly low. Very low yields. They are pricing in structural stagnation, recession, or deflation. Weakness overseas, negative yields overseas and the relative attractiveness of the treasury. Investors trying to find safe havens to ride some of this out. Jonathan joining me around the table in new york, priya misra, vishwanath tirupattur, and from minneapolis, Tony Rodriguez. We will talk about the data and then move into the treasury market. Lets begin with the data. It is really quite messy and difficult to get your hands around. Priya it is, but todays data is the only data point where we can say the u. S. Might be impacted by the coronavirus. I would say you look at price action across asset classes, it looks like the treasur
Pmi will continue falling. It will be a big hit to china, hong kong, maybe all of asia. The bond market is saying something is wrong. Fixed income yields keep falling. Yields are incredibly low. They are pricing in structural stagnation, recession, or deflation. Negative yields overseas and the relative attractiveness of the treasury. Investors trying to fight to find safe havens. Jonathan joining me around the table in new york, priya misra, vishwanath tirupattur, and from minneapolis, Tony Rodriguez. We will talk about the data and then move into the treasury market. It is really quite messy and difficult to get your hands around. Priya it is, but todays data is the only data point where we can say the u. S. May be backed might be impacted by the coronavirus. You look at price action across asset classes, it looks like the treasury market is running with this weakness in growth theme. Whether you look at credit or equities, they all seem much more complacent. What is the story . Is t
Jury will come to order. Senator brown has been delayed a bit but im going to go ahead because as i think most people realize we had to readjust the time of the hearing to accommodate the fact that both have been called on the floor at 1030. That means senators will really need to stick to their five minutes and even then we may not get through for everyone and i apologize. I will stick around for 15 or 20 minutes into the first boat so we can go as long as we possibly can. I will wave my questions. I wont waive my introductory misstatement and i will start with that right now. Welcome, chairman powell today the Federal Reserve chairman Jerome Powell update the command Monetary Policy development in the state of the us economy. Us economy continues to expand in 2019 exceeding 2 growth for the Third Straight year as the American People enjoyed to the longest continued economic expansion in american history. The labor market is strong with the labor force at an alltime high of 164 millio
Quality of life, and will increase over time. By the end of the century, a number of San Francisco households will be exposed to Sea Level Rise and flooding. This map was produced by the department of Public Health and actually shows the september 2017 heat wave, and the differential in ground temperatures. If you were in golden gate park, it was a balmy 75, but if you were in one of our inner neighborhoods, you were experiencing temperatures over 120. And of course, were currently facing many, many other crises in housing affordability, child care availability. The framework aims to help meet the mayors nearteam priorities in a way that ensures our longterm sustainability and resilience. In fall 2018, the United Nations synthesized 6,500 scientific works and decreed that we need to get to zero emissions by 2050 to meet the paris climate accord. This is over the 80 reduction that we had all been planning on. So San Franciscos goals are 0, 80, and 100. Whats important to note is those g