120 by the end of the year. If we get 120 by the end of the 10 year, we probably have to be looking at a global recession. We are going to test 1 . A lot of things would have to go incredibly wrong to get the 1 . You have to have a recession to get there. The u. S. Economy could go to recession. Unless the market begins to price an additional cuts, the 10 year at most will drop down to the 160 range. The fed will have to ease again. The fed is going nowhere. If there is any sort of weakness in the data, you will see an outsized rally in bonds. Jonathan joining me, kathy jones, george bory, and in chicago, jim bianco. Jim, lets begin with you, looking out to 2020, it seems the consensus view is for rates to remain where they are are or go lower. Where do you come down in that debate right now . Jim i think thats probably right. Rates will probably drift lower. Thats been the story the last 10 years. Weve had no inflation, we are in a record expansion, we cannot generate any inflation ri
Dropping out of race for the white house telling her Campaign Staff it is all over. We have a huge show for you. All that and more on making money. Charles we begin with breaking news. The House Intelligence Committees report on the impeachment inquiry is out. I want to get straight to Hillary Vaughn with more what is going on, hillary . Reporter House Intelligence Committee chairman adam schiff wrapping up the investigation passing the report on to the House Judiciary Committee which tomorrow will hold the very first hearing with four lawyers laying out the constitutional grounds for this impeachment investigation, but i do want to flag some key portions of this report that adam schiff just released moments ago. He says after their investigation, they believe they have found that the president personally and acting through agents within an and outside the u. S. Government solicited the interference after foreign government, ukraine, to benefit his reelection. He also says they believe
Surveillance. Yesterday, we saw a selloff on the back of the President Trump press conference here in nato. Lets get that board up for you to look at your markets. , they are treasuries extending gains. I am also looking at shares in asia. Stocks in europe edging higher. I am looking at that vote in the u. S. House. And what that means for sentiment on your markets. Coming up, a conversation with londons mayor sadiq khan. First, lets get straight to first word news in new york city. She simply did not have the resources to keep running. ,his, from Kamala Harris suspending her campaign for the democratic residential nomination. President ial nomination. She had a strong start but her campaign failed to catch on. Opec plus sending mixed signals about output. Iraqs oil minister reiterated his view cartels should deepen cuts. An earlier technical meeting ended without any discussion of steeper cutbacks. There are a number of key members, yes, they want to do that. Addition toels in the 1.
Sector of the year and the decade the Investment Committee is ready to go, Halftime Report starts right now welcome, good to have you with us on this friday our Investment Committee today, joe, jack, steve and liz, director of Market Strategy and margaret reed, senior Portfolio Manager with union bank. Lets begin with the jobs blowout, the reaction in the stock market perhaps the belief is that we can have the yearend rally after all. This says to me phase one. You just need the economy to keep humming. If we can have it, we are having it. And i think like the biggest lesson of 2019 is the industrial data is just so misleading and so unimportant for people to obsess over. But a lot of the Economic Data points that we traditionally Pay Attention to, they come from the 1950s, the 60s, the 70s. The economy has changed and its become more globalized and consumer centric i cannot stress enough how important it is to look at price versus listen to economic opinions if you listen to opinions
And kick off to who is the best many of the year for stoshgz all sliding on weakness and manufacturing. Conditioned trade tensions will we get that sapta clauss rally this year or has the grinch taken control of this market guy i knew i would like that. I dont like that its almost as crazy as gobble, gobble turkey day. Last night on one of the networks that was santa claus is coming to town that is rudolph, by way i dont think youre going to see this rally but i think that for a while. On friday and today, theyre starting to show the warts but apparently he still hasnt done it. It doesnt think it is happening this year or early into next year december 15th, i think it is going to force President Trumps hand i dont think that youre going to see the rally into december 25th which a lot of people know as Christmas Day go forth with the move forward with the tariffs the hong kong solution was a real problem so the really good thing is that and the fact of the matter is that i think some of