Surrounding trade sparking a rush into safety. That leads to a u. S. Yield curve that inverted wednesday. As i recall, the First Time Since 2007. The recession is avoidable. That does not necessarily mean we are going over a cliff into recession. It tends to be about 18 months earlier than you see recession. And this is about traditional signals of the yield curve. Inversion. 2 10 inversion. Markets always shortterm. The market is an extreme way, seeking safe haven. Looking for safety. Treasury bonds is where you go. Tom terrific conversation through the week to run all the bloomberg media. We want to advance this now and into the weekend with peter tchir. Thrilled that you could join us on the mechanisms we saw this week within fixed income. We are thrilled kathy jones is with us with charles schwab. Really interested in a desperation of savers and those looking to clip a coupon. From boston, Margaret Patel from wells fargo, with decades of experience in highyield and fixed income spa
Delivering a series of cuts. This creates enough uncertainty where even the strong payrolls report that we got today is likely going to secure that cut. We are going to get a 50 basis points one way or another. R. Trump now knows the buttons he has to press to get the outcomes that he wants. Good policy, that policy, the white house is listening. That is why you are seeing the president be so aggressive right now. To the extent trump continues to push on the trade war and that hurts Economic Growth and creates a downside risks, presumably means Central Banks will push more in terms of easier Monetary Policy. Jay powell has made clear that he is willing to backstop the president in this trade war. This is an adverse feedback loop that could get very dangerous. Jonathan joining us to discuss is Oksana Aronov, priya misra, and robert tipp. Jonathan im jonathan ferro. Oksana, that interplay between this is bloomberg real yield. The Federal Reserve and trade it is time for the final spread.
With the center for American Progress . Its the young adult advocacy arm and we work with 18 to 35yearolds and with and for young people for the most pressing problems facing our nation and our generations. Well talk about generations particularly the millennial generation and generation z as its known. Define the two terms first. Roughly folks born between 1981 and 96. We have been thought to be the youngest generation out there. But in fact, generation z is of voting age. They follow millennials. You have 18, 19, 20, 21yearolds in the age range. Every election cycle theres excitement about the potential for the youth votes. And then every cycle without fail the youth vote has the lowest turnout rate compared to other generations. Back in election 2020 2018 i apologize, it was 30 lower than 60 plusyearolds. Do you have any expectation that that pattern is going to change in 2020 . Yeah, absolutely. So i would actually reframe that a little bit. We had the highest turnout in 25 years i
Upsidedown shares tumbling on that big subs miss plus, tech in focus ibm and ebay beat estimates. S. A. P. Misses. Microsoft, crowd strike, chewy after the bill and the growing default risk for stocks lawmakers scrambling for a debt ceiling deal why the treasury secretary says dont be concerned obviously netflix is the lead today, tumbling in the premarket. Saw lower than expected international subadditions that news overshadowing a beat on Quarterly Earnings and revenue. Ceo Reed Hastings talked about the miss during last nights earning call this is one where we forecasted high. There was no one thing, and if i think about three years ago, we were also light. You know, we never really were confident of the explanation then we were 2 billion in quarterly revenue. New were on 5 billion so its easy to overinterpret the quarter membership ads the debate this morning is largely about is this about weak content or is this just price churn and elasticity questions yesterday there was a ceo w
What is happening with Deutsche Bank. Stocks really, havent strayed too far from the flatline today. We initially rose, then started to fade a little bit. The stoxx 600 down now only 2 10 of 1 . Deutsche bank initially rallied around 5 this morning. This afternoon has really completely turned around. The stock is now trading down by nearly 6 . This was not the reaction, i suspect, that those in Deutsche Bank were really looking for today. This is not been a huge vote of confidence in the Restructuring Plan Deutsche Bank has put out. However, more of a vote of confidence in the new greek government. ,reek bonds continue to rally falling by another six basis points. Thats get back to that big story on what is happening within the banking sector. Tsche bank glow very Deutsche Bank delivering its biggest turnaround effort yet. It will exit its equities business and take a restructuring charge of 7. 4 billion euros. 3 billion of it will be in the second quarter. Here to discuss all of this