Of the coronavirus, the slow sometimes bumpy reopenings across the country, to say nothing of the protest and a lot of people on wall street say hey you arent jiving with whats happening on main street and then low and behold we get this stunning jobs report that changes the equation and has people thinking that you know what . Maybe the markets have been right all along as they again tease record territory, virtual ly all of the s p 500 sectors are advancing right now, and the rate on a long bond here a 10 year note as is better known, man oh, man thats practically hyper inflation. Were just around 1 ,. 93 who would have thought a year ago if i were to give you a quote like that that id say it is rocket ing backwards, but it is, especially from where we were, not too many weeks ago remember we were darn near 0 they were talking about negative rates. Were not out of that mathematical woods here but it does change the overall sense of where were going with this market. Jackie deangelis
Weeks to come. Blake what are you hearing . Reporter it is indeed, neil. Florida, you mentioned one of the states, the governor, ron desantis in the Oval Office Meeting with president trump. Were getting notes from reporters inside of that meeting. It appears to be a little bit of a showandtell as the Florida Governor is holding up graphs and charts. The president describe i had as a News Conference. You know the deal. This is one of pool sprays. The president told desantis and reporters in the room, as it relates to florida, the ability to test exceeds current demand. Good news in florida. The Florida Governor said yesterday in a News Conference in his open state, florida, for example, would be taking baby steps in his state. There would be sort of a different plan for southeast florida as it relates to the rest of the state. I asked president trump, neil, in the rose garden last night, during, during that press conference which he outlined testing guidelines Going Forward, what he wo
Sadly deaths are the lagging indicator youve been in the hospital for x number of days in extreme cases you could be put on oxygen or ventilator. Thats it. Hospitalizations are starting to decline as they appear to be at a steady rend in new york. That could be welcome news indeed. Statewide hospitalizations have been averaging 1996 in april in the latest period versus better than 2250. The trend just the day before. Meanwhile the governor is outlining he said well need an army of tracing investigators to identify people who may have been exposed to the covid19 virus. You keep hearing this, tracers, indicators, who come into contact with those who tested postively for the virus. That is why the testing issue is so big. Were told jeff bezos of amazon, who is on the ad hoc Advisory Board, sort of giving advice to the president how to proceed, if an when to reopen our government, our society, our economy so to speak. He has been saying not until we have many, many more tests going on. Did
President. That was then. A lot of people think it is fundamentally different this time. All of this is really catalyst, via a virus. But again, one of the interesting things im also following is that we still have negative Interest Rates at the very, very front of the socalled yield curve. One month and threemonth bills are still in negative territory right now with the one month bill at negative. 117 , the three month bill at negative 0. 348 . I hate to add that. That is actually good news. People dont look at a prospect of negative rates as good news but what it means technically, when you give the bank your money, you have to pay them for a privilege. A lot of people look at that, say, what the i will take my chances in the stock market. At least with conservative investments and dividend yields north of 3 i could do better almost doing nothing. That is the view. It benefits stocks. The fact we think were over the worst of the potential Economic Impact of this. That might be premat
Our panel tonight, capri caforio, steve moore, carol roth and jonathan hoenig. Well have the latest on ground from the key locations, were moments away from brandnew voter analysis, first read on how voters are responding to issues that matter most. But first we go to Connell Mcshane in North Carolina. The state is up for grabs with sanders and biden and bloomberg garnering support, what is the read from where you stand . Connell people dont know, i tell you joe biden had a huge night in South Carolina saturday night, in North Carolina, membership of the voters here, have voted early, how they make their decision visavis biden performance and how much momentum he carries to this state remains to be soon. Really people are wondering whether this shapes as a oneonone race today between Bernie Sanders and former Vice President. One of the things we will watch, in terms of wild cards that could play into that. Further Mike Bloomberg he is on ballot for the first time is a major factor well