Message in the market that we need to Pay Attention to i think its interesting because last weeks the markets were so weak and everyone felt so despondent that this week was going to be just a replay of last week. I think that as the election is here today, people are settled, i think, into the fact that we will have a result i thisnk the market thinks we will have a result in the next 24 hours i think we all have fatigue from this election and i this i just havi i think just having a decision is what the market is pricing in now and after the decision, well go from there. I think the market is positive for clarity. It may not be clear but well see tomorrow what actually happens. Unless the market is getting ahead of itself. If you go by our cnbc states of play poll, only one in five think youre going to have an answer tonight on election night. The market seems to be acting over the next couple of days like were going to go to bed knowing who the next president will be or donald trump
Valley yesterday and bank of england came out now, and they look like a normal central bank, versus the rationalization we saw for decision off 300 out points and down we went as the press conference went on. Jon dont you think it is absolutely ridiculous . Allow me some time here. The chairman of the federal forrve show the forecast 2023. All of the economists turned around and said i thought you were going to target africa target inflation to percent but nothing north of thats. I will draw the line from kick tricks. They said please, can i have some more. The only one that matters are the forecasts. Jon yes, tom yes, and i alluded to morning america, i dont know how you get to morning america that was perceived in 2023. Mickey was great, it had flout the best question at the press conference. Jon every single News Conference. Tom not all. Jon futures down. Lisa abramowicz, claims in america. Lisa we will be getting jobless claims data at 8 30 a. M. Eastern time. Curious to see the in
Good thursday morning, welcome to squawk alley. Stocks did take a leg lower at the open the s p bounced right off of the 50 day well watch that closely but were off of the low levels of the early session. Here is the president yesterday on oracles deal with bite dance stands you said it was important that a u. S. Company buy tiktok. Were going to find out about that were looking at that from the standpoint of bitedance. We dont like that conceptually we dont like that. That has not been told to me yet. That has been reported but not told to me speaking of reporting, david faber has more of that for us. Not a lot of insight on that key question siting a source close to the deal, the conversations, that have been ongoing for awhile now. The president is most likely to make a decision in the next 24 to 36 hours. Not likely today, but prior to the weekend, im told, by someone familiar with the situation that he will make a decision as to the future ownership of tiktok here in the united st
Published in scranton, pennsylvania. Always a tough coal mining economy there. Scranton, pennsylvania at 15 , but you know it is much higher. Normal, andre near willech will it directly address this American Labor economy. Sequentialespite the month on month improvement we have seen, we expect to see some elevated jobless claims again in around 90 minutes. One of the main things people are looking at is the continuing claims, which are expected to tick lower, a good thing, but not that much lower. We will get those numbers at 11 30 a. M. A lot of people parsing the numbers under that, in terms of people getting relaid off after getting rehired. The u. S. Is also selling 30 year bonds. Yesterday, the auction of 10 year notes came with a record low yield of 0. 65 sent. Interesting to see whether the demand will be there for even longer dated bonds amid a deepening deficit. Heading to his childhood home near scranton, pennsylvania. Interesting he is taking a more moderate approach then so
Of that. And in terms of the month on month number we are looking at a 16 jump. So a decent recovery in the Housing Market. It is starting to show signs of life again. We will talk more detail about what is happening in the Housing Market, in terms of construction in the united states, all in a moment. Alix the Richmond Fed Manufacturing index at zero. Could not imagine a world where that would be good news. Coming up onlking what is happening in the Trump Administration and how the markets need to look at midnight tweets coming from the president. Libby cantrell from pimco will be here. And we will break down the housing data a little more closely now with taylor richardson. With nela richardson. You are an expert in housing, so where are we in the Housing Market in terms of a recovery . Nela i think that the Housing Market is holding up pretty well. We might see a great social experiment, now that many of us are working from home. Even as new listings have been pulled out of the mark