Citing high valuation and concerns of soft u. S. Growth. And its the Largest Health care strike in u. S. History. Some 75,000 Union Members at Kaiser Permanente walk out of hospitals and medical offices. Lets begin with the markets. Dow coming off the worst day since march as you may know by now, losing its gains for the year to date. Jim, this morning, writing a lot about the tyranny of the tenyear, as you put it. Look, i think theres a consensus building that you cant have the yield curve be the shape that its in now, and i know this probably bores a lot of people, but if youre just trying to figure out, what the heck is this all about, theres a sense if you go out ten years, we got to go the usual, which is that theres a steepening curve and were all going to have to pay a little more if we go out long. Meaning, lets say you need a mortgage, thats going to go higher. We got a number that was softer today from adp and shows theres not as much wage growth, which is what people are wor
Losses after strong u. S. Job openings ratchet up wall streets [indiscernible] hitting multiyear highs. The yen is surging from its weakest levels in a year amid speculation japanese officials intervened to slow the currency slide. Plus a republican revolt dumping Kevin Mccarthy as House Speaker, sending a fractious u. S. Congress and to further disarray. Media reports suggesting he will not run for office, for the post again. We are just getting some numbers when it comes to south korean Industrial Production crossing the bloomberg for the month of august. We are seeing a big beat when it comes to Industrial Production. Seasonally adjusted monthtomonth number, 5. 5 against expectations of. 2 and really bouncing back from the contraction of 2 we saw in the prior month. When it comes to Industrial Production, the year on your number, that is a bigger year number, that is a bigger fall than expected, about half a percent. Expectations were a fall of about 6 . A better outcome than expect
Market. Feeling some tailwinds out of we did not go into this week with a worstcase scenario. The u. S. Government will remain open. We did avert a shut down. Getting initial reaction. Nasdaq futures pushing close to 1 higher. Rishaad dell futures are down. Yvonne there was no a whole lot of banks leading up to it. The market recruit reprieve may not last too long. Youre still talking about higher rates. Rishaad we had first threemonth quarterly loss for the s and p. You have a lot to be playing. We have the 10 year auction coming up in 10 days time. There is a feeling you could see yields going up. Also got a lot of movement for the yuan. Offshore. While the cat as a way the mice can play. No cny to act. A lot of dollar swings. Yvonne the longest break of the year. Rishaad it is a dollar story anyway. Yvonne you take a look at where people are positioning, are things looking when it comes to hedge funds . David we did see that longs pickup second or straight week on the greenback. The
Welcome to barrons roundtable where we get behind the headlines and prepare you for the week ahead. Im jack otter coming up key data out this week shows cooling inflation boosting hopes that the fed might not raise Interest Rates again this year. Ill ask korean partner andy capron how investors can best position themselves in the uncertain environment. Then car owners may be taking another hit to their wallets as the cost of Auto Insurance is driven higher. Our expert panel will dive into whats causing this and how drivers can save some money. And later, theres a gold rush at costco for members only. Well explain. But we begin, as always, with three things investors ought to be thinking about right now. Another september slump, stocks ending the last trading week mixed after new inflation data showed prices rose less than expected in august for the month, the major averages were down more than 2. Plus, how the looming Government Shutdown will impact october markets. Then ford pausing c
Welcome to barrons roundtable where we get behind the headlines and prepare you for the week ahead. Im jack otter coming up key data out this week shows cooling inflation boosting hopes that the fed might not raise Interest Rates again this year. Ill ask korean partner andy capron how investors can best position themselves in the uncertain environment. Then car owners may be taking another hit to their wallets as the cost of Auto Insurance is driven higher. Our expert panel will dive into whats causing this and how drivers can save some money. And later, theres a gold rush at costco for members only. Well explain. But we begin, as always, with three things investors ought to be thinking about right now. Another september slump, stocks ending the last trading week mixed after new inflation data showed prices rose less than expected in august for the month, the major averages were down more than 2. Plus, how the looming Government Shutdown will impact october markets. Then ford pausing c