If demand for that paper does not come back in the coming months, what is the longerterm implication for Interest Rates . I know you are reticent to give any forecast on Interest Rates, which i understand. Give us a tone about the correlation there. Chair powell there seems to be plenty of demand for our paper. I would not want to speculate on what Interest Rates might do. They are the worlds reserve currency, and particularly in times of stress people want to own u. S. Treasury. That is been the way it is for a long time. Even if some of the problems, as in the last crisis, love the problems originated here, people wanted u. S. Treasury, and that is because we have the strongest economy, the best institutions, the most liquid markets. One last question. Youve been very gracious with your candor and your time today. I have heard a conversation in this hearing about labor. I hear all over my state, our state was one of the first ones to reopen. One of the inhibitors to supply and demand
Day. You just made my was that a mel brooks movie robin hood men in tights . With the singing. Something like that. Every time i think of robin hood that is what i think about. Alix cary elwes. Lets get back to markets. Any comments on yield curve control when the fed releases its decision in about three hours. Joining us is Marilyn Watson of blackrock. Thanks a much for joining us. With the exception of the last few days, it has been thebb conversation of about a about a curb steepener. What is the best conversation into or out of the fed . Think expectations for anything new from the fed are extremely low. Good in termsery of the labor market on friday. In terms of that being in earlyement, it is still days in terms of the u. S. Economy reopening. In terms of how we will see further opening in the economy and what will happen in the labor market. At the fed we expect to see yields and rates anchored at the front end for some time to palm. Expectely neutral and we rates will remain ne
Story. It has come an awful long way awfully quickly. Still do not know how this saga ends. Coming up later in the hour, we will be doing more on wirecard. We will also be covering what is happening in europe in terms of the political story as well. We are going to be talking to brian chesky, airbnb cofounder and ceo. We will get more on the reopening and how that is affecting his business. Looking forward to hearing from him. Stocks continue to climb. Lets talk about that. Alix yes. As we reopen, the question becomes, which country did it right . Which country is going to get the biggest boost if we get a vshaped recovery . Is it going to be the u. S. Or europe . Over the last month, the dollar in the u. S. Has been outperforming. But now what . Us, our guest who downgraded the u. S. And a good in the euro zone because of the covid19 response. Walk me through the thesis. Thank you very much. Very good to be with you. The thing we are trying to the last here is for decade, investors ha
I included Newmont Mining because gold is nearing 1800 an ounce. Sovereign yields are also down. The german 30 year yield falling below zero again today. Airlines and Cruise Companies make up four of the five worst performers in the s p 500. That is the flipside of the move to safety. Big will have the carriers are burning through as much as 45 million daylight, which is still very weak. The flipside is the bid for stayathome stocks. Netflix and clorox making new record highs. Netflix extending its gain to six days. 2020, even2 in though it trades at 32 times earning as opposed to credit to 20 times for Consumer Staples Everyone Needs their clorox wipes. David you can never get enough clorox. Thanks to scarlet fu. Lets talk about the big rally President Trump plant in tulsa. The rally was saturday, but he had 6000 people in an arena set up for 19,000. They thought they would have overflow. They have the reverse. Lets bring in rick davis, our political contributor at bloomberg. They rea
Industrial data out of germany. Desha back to that euro. Within back to that euro. We have seen Christine Lagarde speak for the first time. She has been talking about the impact that the coronavirus has had. She said that the policymakers that the ecb have done what is justified but she continues to push for this idea that we do need this fiscal pop package to come through. The european commissions proposal for a revised financial train work and the next he generation eu are decided in this regard. It it is association it is associated with the proposal and could have an impact on the International Role of the euro. It will important to adopt that package quickly. Christine lagarde speaking a little earlier today. She will speak at the bottom of this hour as well. Speaking to us from washington is adam pozen. Banks,alk about central particularly the ecb given the fact that Christine Lagarde has just been speaking. Herhe doing enough and are calls for greater fiscal policy out of europe