I do want to highlight a 10 year yield in the u. S. , the yield is lower by about one basis point. 60 to 70 basis points, and how much can we tolerate on higher upside when it comes to yields . The Democrat National convention will be focusing on joe bidens vision of the party. Last night focused on trumps performance in office including his handling of covid19. To everyone who supported other candidates in the primary, and to those who may have voted for donald trump in the last election, the failed federal government that watched new york get ambushed by their negligence and then watched new york suffer but all through it learned absolutely nothing. Itay, six months after began, the nation is still unprepared. Magic if we had a national strategy. So everyone has access to a safe vaccine. More than 150,000 people have died and our economy is in shambles because of a virus that this president downplayed for too long. That even before trumps negligent response to this pandemic, too many
Could break 113 straight months of gains. Oil leads on both sides of the atlantic after President Trump says he has a key to resolving the standoff between saudi arabia and russia. Taylor i want to check on how the markets closed thursday. Todayseeing gains on trading session, reversing some of the losses we had previously. There is optimism. You had horrible initial jobless claims, 6 million which is double last weeks 3 million. Million the total to 10. The market is getting some certainty where they can start to quantify the magnitude and speed of the damage. The markets hate uncertainty. At least this data is starting to give us an indication of the economy. The market is using that as a point to rally off of. Within the futures market some of that is turning around. Futures markets have opened up in the last few minutes. We are talking a lot about oil in the introduction. We had an incredible tweet from the president which put oil up 22 and then today we opened up, erasing some of
On the u. S. Economy. Down now about 3. 5 or so. Small caps artificially underperforming for the fifth time in six days. All on concerns about the strength or lack of strength within the u. S. Economy. I do want to take a look at the vix. If there is any bright spot going on, it is that it is hovering below 50. It is the first time going back to march 11, so it looks like there could be a little bit of an improvement here. Certainly feels better than the height of an 80 handle that we had. We do start to get more comforted when the vix is falling along with the s p 500. Traders hoping to find a floor here. Nextre starting to see the falling a little bit again today. I want to flip up the board. Ending on a light note. That is something we are trying to do everyone to a while. Its all about what you are doing if you are working from home. Apparently, we are going to be drinking. A lot of alcohol purchases. Week ofcreasing the march 21. Aree of thewin most, 66 and 75 . Beer, about 42 . V
In 2007 and 2008. There are significant signs up. Ting to show european stocks pushing down towards session lows, 2. 1 . Seem to be a lack of belief, the policymakers at this the rightputting tools to work. Whether that changes today or tomorrow. Well wait and see. Is building. Alix steve, well get to the in a second. T uninvestable . Its hard to if you thinking about trading them for the next three weeks, thats probably not a good idea. Are very volt volatile now. Easily go lower. What were right to remind get 30 when you downdrafts in markets, which is where we are now, it never been sell. Ime to its been good if youre brave. The liquidityave to do that and you dont have the temperament to handle possibly another decline on threeyear view, its going to be a very good place to be. Its just not a good time to my best advice for people now is hold on. Were in a rocky time here. When the vix index get this this really once back in 2008 and 2009. Rampant, the thing is government has the a
Tennessee, super tuesday is the last thing on their mind tonight. Where we are in cookville, they are still doing search and rescue. The sheriff said a short time ago about 40 of the homes damaged by tornadoes still have not been searched. Youre talking about downtown nashville, an urban area that took a direct hit from the tornado. An hour east in cookville, 18 people died including sme children. Some people died in bed. They didnt have a chance to get out and run for their lives. At a place called church on the hill, 15 minutes down to road, family members who believe theyve lost loved ones have shown up at the church. Theyre being shown pictures of their relatives and asked to positively identify them. You hear beeping sounds in the distance, search and rescue, larms house to house, alarms going out. You see people mingling, holding bags under their arms, walking with their children. This is is a disaster zone, many unlike weve seen. To hit such an urban area like nashville and cont