People or it took a little heat for it but i do it again let me tell you. Behalf of myself for the 1st lady just been really an incredible outpouring and were starting very very big with our rallies or with our everything because we cannot allow our car dream to become a socialist nation we cannot. Courtesans d parliament has picked a new Prime Minister so there is help her off as a politician who was freed from prison by supporters just days ago his confirmation comes after nearly a week of violent protests. The number of deaths linked to covert 19 in brazil has passed 150000 the 2nd highest toll in the world president d has consistently downplayed the risks of Coronavirus Health professionals and are worried theyll be a 2nd wave of infections. Perus air force has been brought in to Battle Forest fires close to an archaeological park that includes much. Helicopters dropped water to help firefighters and volunteers tackling the blaze in the ground strong winds are making the flames har
Of parishioners threatened by an ecological disaster grafted japanese time in danger of spread up breaking up and polluting even more of the pristine coast. Im phil gal welcome to the program the opposition candidate in belarus his president ial election has left the country felt not to kind of sky has joined her children in neighboring lithuania shed sent them that before the vote and before accusing president Alexander Lukashenko of rigging the result germany has called on the European Union to consider imposing sanctions against bellerose u. S. Secretary of state my palm post said the vote had been neither free nor fat but russian president Vladimir Putin has congratulated president. On his way so a lot spent longer to come a skier had given given no hint that she was leaving the country. Proud of the president on sunday in minsk for the election. By monday she was gone her whereabouts on earn her tame unable to reach her kelly now svetlana taken off scalia has reappeared with a som
Fed set 2022 and what the chairman will say and what i assume will be a Virtual Press conference today. Ofncine we will have plenty market action. We will look at the markets every 15 minutes, including what is happening in treasuries. We had the oecd coming out with their economic outlook. That was released about an hour ago, and the oecd, it is a smarter way of doing it, tom. Forecasting the pandemic would cause a Global Economic slump of 6 here, but if there is a second wave, that becomes a seven point 6 slump. It is a good way of visualizing percent comes a 7. 6 slump. By thewas taken aback differentials between the bar charts of europe and the United States. I did not have in my head how much worse the guesstimate is for gdp decline in the europe verses in the u. S. It is a very good report. Francine it is also because of where europe was in the economic cycle. Lets get straight to first word news in new york city with ritika gupta. Ritika good morning. A warning from jeffrey gund
Those gains. Tesla is trading above 1000 a share for the first time. I want to point out the dollar in yields. The dollar has been a proxy for Risk Appetite and Risk Appetite is higher when it is weaker. The fact that the dollar is weaker again signals are not entirely risk off day but you have yields moving lower by about four basis points ahead of the fit decision. Are sensitive to whatever the fed says or does. Yields were moving up yesterday. Seems to have come off a little bit today. Kailey you are seeing yields move lower and the curve flatten out a bit after the dramatic steepening we had seen. The bond market will be hanging on any word the fed may say about possible curve control from economists we talked to on Bloomberg Television. It does not seem like they are expecting a lot on that yield curve control, but that is definitely a market waiting and watching to see if we will get anything there. David thank you so very much. That is kailey leinz reporting on the markets. Toda
It is office highs, but still a. 5 . Not too Much Movement in the dollar index. Just a little weaker before the fomc today. He 10year yield lets get a deeper dive into the market action. Standing by we have k. D. Lang. Katie playing. Hase dollar weakness become a proxy for risk appetite. It is once again weakening signals it is not entirely a risk off day. We are seeing it in equities. Even if crude is office to touch. On the subject of the fed and yields, something the market is paying close attention to for that decision in about an hours commentary on yield curve control. There has been a dramatic steepening of the curve in recent weeks. We have seen some flattening coming in. We are sitting at 115 basis points, the steepest it has been in about three years. We will see if the fed does anything to change that narrative. It is tech that is outperforming at the moment. The s p 500 Information Technology sector is higher for the fourth day in a row, up 5 over that time period even thou