Span radio app. Federal reserve chair Jerome Powell appear on capitol hill for the second time this week to testify on the Economic Impact of the coronavirus. This hearing is just over two hours. Welcome everybody. ,oday our select subcommittee some members will appear in person and others may appear remotely. Welcome everybody. Today our select subcommittee, some members will appear in person and others may appear et d , all individuals attending this hearing in person must wear a mask or face covered. Ing. Over members who do not wear a Face Covering will not be recognized to speak. Let me make a few reminders about hearings. For those members appearing in able to seewill be members appearing remotely on the monitors in front of you. On one, you will see all the members appearing remotely at as gradehat is known view mode grid view mode. On the other monitor you will see each person speaking during the hearing when they are speaking, including members who are appearing remotely. For
Table . Speaker pelosi says theres a chance she and the treasury secretary can still reach a deal later, pause for tiktok why a judge sided with bytedance and blocked the Trump Administration ban. Futures do imply a big open to start this monday morning of course, coming off the first fourweek decline of the year. Mike, you did some writing over the weekend. Largely about the degree to which september is doing the job its supposed to do. That being the sort of pause that refreshes the argument here is that if we came into september with the markets at record highs and everything looking very stretched to the upside and sentiment and the technical position of stocks and maybe even hopes for an immediate stimulus and this fourweek decline has largely reset a lot of those factors right. You have sentiment very muchal coo acooled off and huge short position develop in nasdaq futures and pretty much 180 degrees on that front. I would say back in the neutral zone, not necessarily super beari
Extinct him investor fixed income investors interested. They are crushing yields. Joining us now is jeff rosenberg. Its fantastic to get you on the show for this topic, the role that treasuries play in a portfolio, from 2020 looking out. Its a huge topic at blackrock. How are you thinking about this question . This i wrote a piece on and continue to write under the theme on investing without a parachute. This september is a really good example. We wrote pieces on it and everybody is talking about it and its like ok, what does the new world look like that we are going into . In september, equities are down 8 and treasury yields are highlighted by all of those comments. Barely budging. Its the combination of the low yield makes the income relatively unattractive, a couple of comments in there about taking credit risks. And it will come around to that question in a second. But another thing that is difficult about the investing outlook now and where treasury yields are is that they are no
Good friday morning. Were going to kick things off this hour, of course, with tiktok as the president orders downloads of the platform and we chat to be blocked beginning on sunday does this put the oracle deal into jeopardy . We have every angle good morning. What we know right now is the e commerce officials is that as of midnight on sun theyre going t stop people from using the apps. The quality will be degraded pretty quickly it is after the president ial election, carl of course we chat is used for Many Americans to communicate with family back home, also for payments, logistics, and i know you were talking about this perhaps being a bit of a climb down, but we dont really know the implications yet yes there are 19 million we chat users here in america versus 1. 2 billion in china, but we dont know how many of the 19 million users are businesses meanwhile the app will continue to operate as it is. Does it not protect some of the bigger american businesses like starbucks and disney
Welcome everybody. ,oday our select subcommittee some members will appear in person and others may appear remotely. Since some members are appearing in person, let me remind , all individuals attending this hearing in person must wear a mask or face covered. Ing. Over members who do not wear a Face Covering will not be recognized to speak. Let me make a few reminders about hearings. For those members appearing in able to seewill be members appearing remotely on the monitors in front of you. On one, you will see all the members appearing remotely at as gradehat is known view mode grid view mode. On the other monitor you will see each person speaking during the hearing when they are speaking, including members who are appearing remotely. For those members appearing remotely, you can see each person speaking during the hearing whether they are in person or remote if you have your web app set to active speaker mode. If you have any questions about this, contact a member of staff immediatel