Jon ferro has been calling it. Guy we are monitoring the stimulus story beat by beat. Nancy pelosi will be talking around 14 minutes. We are going to get a sense at that point whether or not we are making progress. That could certainly be market moving. We will bring you those headlines as soon as we get them. Lisa the white house has been pushing for a largescale deal again, off again, on again. Wants alosi says she more comprehensive fiscal bailout as a result of the pandemic. Emily wilkins joins us now with the latest. Emily if anyone is confused about where things are with the stimulus deal, you are not alone area Senate Majority leader Mitch Mcconnell said yesterday he was feeling some with lash some whiplash with all of the backandforth we have seen this week. House Speaker Nancy Pelosi is Still Holding out after months for a larger stimulus package. She and the white house negotiator, treasury secretary Steve Mnuchin, spoke by phone yesterday. It seems like there still could be
Tom keene, Jonathan Ferro off today, both playing hooky as we get ready for the long Labor Day Weekend in the United States. Im lucky, though. Paul sweeney, my former cohost on bloomberg radio, joining us today. It is so telling that we are showing an image of washington, d. C. Because it was too cloudy in new york city, and perhaps that is a metaphor right now. Very cloudy in new york city for the future for a lot of things. Very much the focus on washington, d. C. As people wait for some signs of fiscal support , as people wait for some signs of just how contested this election in november is going to be. Paul i think all eyes are going to be turning towards washington. This is then thetion, more nearterm fiscal stimulus. The question is, does this economy need more . A lot of folks are saying yes, but we need to get congress back at the bargaining table. They seem to be pretty far apart at this point. Lisa we will find out. Right now, markets unfazed. They are indicated to open at n
No legal basis to visit the sites. A man who was once one of the most powerful politicians in new york state has begun serving his prison sentence for corruption. Former Assembly Speaker Sheldon Silver reported to a prison in new york today. He was sentenced earlier this year to 6. 5 years behind bars. In 2015onvicted later but the appeals have kept him out of prison. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton, this is bloomberg. It is 1 00 in new york in 1 00 a. M. In hong kong. Welcome to Bloomberg Markets. Here are the top stories that we are following today. The u. S. Housing search, prices rise as Mortgage Rates remain near record lows. We talk with tim mayopoulos, a former ceo of fannie mae. One thing that could hurt the bounce back in the economy, became laura. It is set to slam in the gulf coast as a category four storm. We have the latest. Plus, a conversation wit
Buying longer on that curve . If so, that will keep rates lower. The path we are leading down is not a good one. What the fed is trying to do is what every central bank is trying to do, which is engineer growth. Tyler george bory is with us now. Talk to me about what you have been noticing, your take on the big reflationary trade yesterday but then a little bit of a comedown in yields again today. George thank you for having me on, always great to be on the show. Powelll question is, is seismic shift, or more of the same . The reality is there are some significant factors here. The biggest is the acknowledgment that there has been a Material Change in the economy. Unemployment can go lower than policy makers expect without causing inflation. They have issue is, also kind of acknowledged there is a limitation of Monetary Policy. Those two factors we view as material. Shift,terms of a policy what they are likely to do going forward, it feels like it is very much same game. The way we are
New infection rate increase of over 10 . He called her that definitely an uptick, which is generalized in europe. There will be new effort today to make progress on the next round of pandemic relief. White house chief of staff mark meadows and the nancy pelosi will speak by phone this afternoon. Talks at an impasse three weeks ago, meadows predicted there would not be a stimulus deal with democrats until the end of september. The size of about 1 trillion apart. Killed 51 worshipers at two new Zealand Mosques last year was sentenced today to life in prison with no possibility of parole. It is the first time that sentence has been imposed in new zealand. The march 29 shootings prompted new laws banning some semiautomatic weapons. They also prompted global changes to social media protocols after the shooter livestreameds attack on facebook. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Cr