Optimism come around the trade deal. I feel like i have said that before. We will continue to monitor. Tom we are going to monitor all day. The news flow is extraordinary. Kevin cirilli is ready to travel to nashville for that debate. That is tomorrow with all sorts of news overnight in the United States and frankly around the world. Just one data point we will talk about in a moment. Renminbi out to new strength. Right now in new york city with first word news, here is ritika gupta. Ritika nancy pelosi and Steven Mnuchin are moving closer to a deal on a new stemless package. Alysia hope she can get an agreement this week. That is crucial to getting a bill passed by pull losey hope she can get an agreement this week. Theh mcconnell is warning white house against a pelosi led deal by the end of the month. Trumps campaign has burned through almost all of its money through september. His campaign cut back on advertising in some key battleground states for a while. Department antitrust law
About President Trump and congressional republicans. I guess you are getting that body language from Mitch Mcconnell. But why is the bond market moving . We are at 0. 83 on the 10 year yield, the steepest back to march of 2018. We are pricing in stimulus at some point. Jonathan through 80 basis points. Wonder if, off the back of a move in treasuries, people start to talk about reflation all over again. Lisa i dont know that the underlying data is really supporting that. We will get a read at that with iea crude oil inventories. A report yesterday showed a surprising building u. S. Inventories. Many people are not consuming as as the covid crisis continues to spread. Meanwhile, today, i know you guys care a lot. We get a lot of fed speak. Weve got loretta mester, neel kashkari, tom barkan, randy quarles, and jim bullard all today. Every day it seems like they speak more and communicate that much less. We are going to hold rates low. The question is just the threshold to further stimulat
13 days out to the election. Weve got lots in this hour. Wendy schiller of Brown University will join us on the changing political landscape. There is Market Movement today. We will talk equities in a moment with james bevan. I love his work on a more longterm perspective. Lets go shortterm. Where in the bond market argue focused . Jonathan long end, of course. Front end anchored, a bit of a snooze. And youre starting to break out a bit over the last 24 hours, just north of 80 basis points. Just around 95 was the intraday high in june. We have not reclaimed that level. Whenever we see a price move like this, it is a bit more fuel for the reflation narrative. It is price first, narrative second. Tom i saw just a little bit breaking out to higher inflation. What is the significance of the vanilla spread, the difference between the 10 year and the twoyear yield, back to march of 2018 . Jonathan jonathan steeper, and the five year versus the 30 year, also steeper. I think weve got to get m
International law it belongs to azerbaijan. Azerbaijani officials have imposed martial law and curfews the government in baku blames its neighbor for the new escalation. Its no secret that the 1st shot was also carried out by the armenian military. Many stone arch. Khaki has promised to back either by john there were joint military exercises in july which had to now have enough. Knowledge to touch one to destroy the armenians and armenia thats clear story a media is hoping for Russian Support for moscow and the e. U. Have called for an end to the fighting. Are going to turn out to rome and then go from the Russian Department for more on this settlement this is a long running conflict were talking here for decades a given how serious is this latest flare up and what makes it so intractable. Well it is very serious it is already a limited war and it could grow into something bigger well we are still in not in a position to to establish what went wrong on the sunday as the fighting erupte
Were all in this together on together to make it. Stick to save everyone. Stay safe stay safe increase stay safe. Nigeria such restart International Flights into and out of the country will accuse an economy thats struggling under local oil prices and most likely already in recession. And it could be the worlds biggest i. P. O. Investors are eager for ali babas mobile payments arm bands to file for a joint listing in shanghai and hong kong. Also on the show argentina want to support a struggling economy with china 1st thing in the countrys pork but a fireman all groups say no. Welcome to the show im Stephen Beers in berlin its good to have you with us nigerias thats reopened for International Flights 5 months after closing airport gates to halt the spread of the krona virus the closure threatened tens of thousands of jobs and put airlines there in a tailspin that theyre still struggling to get out of our correspondent fanny fox our reports for. These roads are usually packed with cars