Plus his new shocking comments about cuba. Mondays february 24th fbn a. M. Start right now. All right were with off welcome to fbn am good morning to you at home im Lauren Simonetti had. Busy monday good morning everyone im cheryl casone. Lets get right to it here money this morning with humbling more than 2. 4 across the board as dow tanking 712 point 2. 4 and s p 500 down, and nasdaq is down 3 this morning down 279. Were seeing big moves in oil right now, theres a lot of pressure on crude this morning this is over concerns about a global chick slowdown think about Oil Consumption in china in particular right now were seeing oil down more than three and a half percent opposite story for gold, though, seeing that that is right to safety and looking for a safe place to go up two and a quarter percent. Seeing that with a tenure treasury yield as well tumbled to lowest level since july 2016, very, very close it all time hoes as concerns about Global Economic impact of the virus driving in
That is the crux of the market. Software happens to fall neatly in that category. Do equities need to rerate because rates are so low . Are they giving us a signal that equities are at risk . They are able to issue whatever they want in the Corporate Bond market. You can see that has caused a change in strategy already. It is like everything becomes a bond. Bonds are rallying, gold is rallying because of the nature of these things. Jonathan joining me around the table are james keenan, winifred cisar, and peter tchir. It feels like a buy everything situation. The 10year increase below 1 . U. S. Corporate borrowing costs at an alltime low. Is that what this is right now, just buy everything, get when you can . Winifred everything but highyield energy. It seems investors have a lot of cash, we see record inflows into Investment Grade but the bias is very much to be up in quality. We dont want to buy cccs haphazardly, buy energy haphazardly, but we have to put the money somewhere. Jonatha
By they watching out International Pressure to have you with us. Canadas premier has summoned an emergency meeting with ministers as protesters shut down key rail routes across the country the rapidly escalating rallies hoping to stop a vast proposed gas pipeline over Indigenous Territory and hes done a quarter explains. Railways out of commission ports a backlog marches on the streets transportation across canada has been shut down by protests over a near 700 kilometer long gas pipeline and judging by the most recent actions there seems to be little hope for a swift resolution. At 1st a number of Indigenous Councils came to an agreement with the Company Coastal gas link to build a 6600000000. 00 gas pipeline that would run through Indigenous Lands but the chiefs of a small 1st nation called the what sioux wetton tribe came out against its construction and for that they were raided by the police but the Police Action seems to have backfired the white Sweat Movement not long after sprea
That is the crux of the market. Software happens to fall neatly in that category. Do equities need to rerate because rates are so low . Are they giving us a signal that equities arent risk . They are able to issue whatever they want in the Corporate Bond market. You can see that has caused a change in strategy already. It is like everything becomes a bond. Bonds are rallying, gold is rally because of the nature of these things. Jonathan joining me around the table are james keenan, winifred cisar, and peter tchir. It feels like a buy everything situation. The 10year increase below 1 . U. S. Corporate borrowing costs at an alltime low. Is that what does is right now, just by everything, get when you can . Winifred everything but highyield energy. It seems investors have a lot of cash, we see record inflows into Investment Grade but the bias is very much to be up in quality. We dont want to buy cccs haphazardly, by energy haphazardly, but we had but the money somewhere. They are idiosync
Software happens to fall neatly in that category. Do equities need to rerate because rates are so low . Are they giving us a signal that equities are at risk . They are able to issue whatever they want in the Corporate Bond market. You can see that has caused a change in strategy already. It is like everything becomes a bond. Bonds are rallying, gold is rallying because of the nature of these things. Jonathan joining me around the table are james keenan, winifred cisar, and peter tchir. It feels like a buy everything situation. The 10year increase below 1 . U. S. Corporate borrowing costs at an alltime low. Is that what this is right now, just buy everything, get when you can . Winifred everything but highyield energy. It seems investors have a lot of cash, we see record inflows into Investment Grade but the bias is very much to be up in quality. We dont want to buy cccs haphazardly, buy energy haphazardly, but we have to put the money somewhere. They are idiosyncratic issues. Some ris