Activity and turmoil going on around us. Many of us are back in washington today. Were holding this committee virtually in compliance with the regulations for Remote Committee proceedings pursuant to House Resolution 965. This authority has allowed us to continue to do our work on behalf of the American People, while keeping our staff, families, and the Broader Community safe. We have all started to become familiar with navigating this technology, i do want to remind members of a few procedures. First, consistent with the regulations, the committee will keep microphones muted to limit background noise. Members are responsible for unmuting themselves when they seek recognition or when recognized for their five minutes. Members and witnesses must have their cameras on at all times. Weve got to keep track of you even if you step away from the proceedings. Please leave your camera on rather than logging out. Finally, as you know, we may have votes during todays hearing. It looks like theyr
Time to recover. We have doubt. We expect choppy conditions to come in the months ahead. Choppiness heading into the next couple of quarters. Jonathan joining us now is priya misra. Fantastic to have you with us on the show. Clearly this recovery is stalling and you are getting incrementally more bullish on treasuries. Is that right . Priya i am. The data is better than my we were looking for. We were looking for data to improve and it is coming in better than that. In the backdrop we have rising covid infections in the u. S. And globally, which means we have to live in this environment for a while. That will hurt the opening, perhaps delay, slow down. It will affect consumer confidence. Event. A very big a different policy proposals on both sides. That is going to make risk assets hard to price. Things look pretty positive in august. We are near the lower end of the trading range in the 10 year. Are going backe to that 60, 80 basis point range. Jonathan there is a ton of risk on the h
A Political Boost for a rightwing ally just before polands national but the. Russians head to the polls today for a controversial vote on constitutional reforms that could allow president Vladimir Putin to stay in power for another 16 years. Terry martin good to have you with us a big day for one of europes Largest Airlines as live tons of shareholders gather to vote on a 9000000000 euro rescue package the bailout would see the German Government take a significant stake in the airline supporters of the deal were boosted on wednesday when look tuns its largest shareholder hell munty revealed that he would vote with them the deal could bring lift tons of back from the brink of bankruptcy. Full of turns of the corona virus pandemic has been a nightmare barely anyones flying belly anyones wanted to fly and the outlooks not much better chances main source of profit is its Business Class but with Video Conferencing getting ever more popular even thats facing an uncertain future solar turns i
New england, flooding streets and forcing some people from their homes. And a new system pushing toward the u. S. Could soon become the first named storm of this hurricane season. Well have the forecast. And prepared for the worst. From underground bunkers to full private communities with extraordinary security. Well go inside the world of preppers, people who anticipate the next global threat. Well find out just who they are and hear their plan to protect themselves. First, we begin this morning with a look at todays eye opener, your world in 90 seconds. I just want to make something clear its very important trumpays he wantsine, were. To see a Coronavirus Vaccine by the end of the year. Another grandiose announcement. I hope they succeed. We need vaccinations. Donald trump always has grand announcements, and then there is no followthrough whatsoever. Nancy pelosi wrote most of this bill in her kitchen in san francisco. Reporter the house passed the biggest stimulus bill in history. R
Online more Central Bank Action from japan helping fuel the bulls and despite all of that, oil plunging again, down more than 20 as we see one Energy Company file for brankruptcy. Ahead on todays show, were taking a deep dive on the path forward for retailers. That sector deals with the fallout from the lock down well speak with about the issues facing the industry and be joined by former macys ceo as Department Stores deal with their own challenges and bankruptcy concerns swirl around the sector were up 5 on the s p with 59 minutes left citigroup is up 8 still down 42 year to date. Lets focus on the big stories were watching today mike is is tracking the market moves. Meg has the latest mike, lets kick it off with you and the broader markets. After about two weeks of going sideways, the s p 500 gets a little bit of a boost today to basically the levels it saw at the post crash highs of ten days ago. Take a look at how it fits into the broader picture here 2874 is a number that we firs