James freeman. Much made of the inversion of the yield curve between twoyear yield on the treasury and the 10year, but what do you make of the markets right now . Well, we had really a trifecta, the poor numbers out of china with Industrial Production worst numbers in 17 years. We had a poor number for germany, gdp negative, second time in four quarters, fourth largest economy, the Worlds Largest economy in europe, of course, the inversion of the 2s to 10s that weve all been waiting on. We have seen other parts invert. This is the one recognized being symbolic for, predictor of possible recession and i think that most of the reaction was about. But as we look at the numbers and relative, mixed Economic Data, unemployment is still low, wage gains are still there, i think yesterday was reaction to a lot of scary data that came in, but we are still positive about the markets and we think that weve got some runway head here. Dagen lindsey to that point, the 10year yield closed 1. 596 . I w
Controversy coming up. Another rate cut to tell you about, mornings with maria begins right now. Maria wig but this morning, joining the conversation, dagen mcdowell, founder and ceo, liz peek, great to see everybody this morning. Good morning. Maria lots to talk about, also on deck, ihs, we are talking oil, entered a bear market. Assistant to President Trump for trading Manufacturing Policy pete navarro to talk china and the fed, check out the oped and the journal about that today. 3time mlb, mvp and 14time allstar Alex Rodriguez, arod, they discuss the sports business and podcast and all things baseball, dont miss a moment of it. A lot to talk about, another rate cut overnight this morning from the philippines, look at the markets of 67, nasdaq up 40 points. Investors shaking off the trade tensions and growth worries when all said and done yesterday with dow industrials down 22 at the lose, s p in positive territory and nasdaq up almost 30 points, Fourth Central Bank in 2 days cuttin
Market but bond market and this inversion of the yield curve. We can talk about what youre seeing, what people are telling you. The bottom line, if history is a judge this could mean recession is on the way. Reporter makes people so anxious, connell. Yields on two year treasurys rising above the yield on a 10year. First time since 2007. That date alone spook as lot of investors. The yield curve on shorter end, now as people call it inverted. The reason it makes so many people anxious, that means investors have less confident in the near term economy versus the long term economy. Normally if you loan money in this case to the government for a short period of time, you expect your principle plus a small payment, youre not loaning money for that long. If you lend money longer you expect a bigger pay back. That is the normal logic of the bond market. You get paid more for lending longer. When this pattern reverses like now, it signals a shift in the pattern, signals a problem for a lot of
Responding this morning. Dges and if your job has got you down. Youre not ace loan. Surprising figures show how stress america workers are and you wont believe how they are coping. It is monday it is august 19th, fbn am starts right now. And welcome to fbn am and good morning im cheryl casone. Good morning everybody. Im Lauren Simonetti thank you for joinings. Lets look at how your money is mondaying on this monday morning after the rally selloff with rally again were looking to green arrow this is morning a part of this has about to be hong kong down is up 183 s p 500 up 20 and quarter nasdaq 59 and half. Treasury yield this morning if you take a look at the tenure yielding 1. 0 bouncing higher. As Dollar Strength in last two weeks watching ole theres been pressure. A little bit of a rebound this morning up 38 cents 5825. Stocks in asia ending in green check out in china jumping over 2 after the people think of china announce plan to Lower Borrowing cost to help real estate and theyre
Talking about oil, weve been watching oil along with wild moves in stock market all week and last several months michigan congresswoman House Community member is here. Talking about china trade dont ms a moment of it. So weve got a rally this morning underway triple digits move after we saw that huge wild week last week. Three down weeks in a row looking to break the longest losing streak since may if weve got china trade, tensions President Trump commented on negotiations yesterday. Heres what the president said. Monetary manipulation and pouring money into the krnghts because they dont want to lose jobs but losing as you know because you reported it but they lost over 2 million jobs in a short period of time and they want to make a deal see what happens but they want to make a deal. If i wanted to mawk a bad deal and settle on china market would go up but not the right thing to do. Im not ready to make a deal yet. China would like to im not ready. President says that apple ceo tim co