World in a prerecorded by theation posted atlantic council. Coverage begins at noon on and, cspan. Org, or you can listen on the free cspan radio app. President trump says he will agree to additional funding for the Postal Service if democrats except his proposals for additional coronavirus relief. He also answered questions about an fbi review of the russia investigation and a peace deal between the middle east and the united arab emirates. Pres. Trump thank you very much, everybody. We have some very interesting news. Kevin kleinsmith, a corrupt fbi attorney who falsified fisa warrants in james comeys corrupt fbi is expected to plead guilty. You probably heard that. It just came out. That is just the beginning i would imagine because what happened should never happen again. He is pleading guilty. Its a terrible thing. The fact is, they spied on my campaign and they got caught. You will be hearing more. Today, the office of trade and Manufacturing Policy released a new report on how m
With in addition to the pandemic so yeah get right to it john trouble in the Weather Center will start their jobs. Yeah guys definitely was not a fun night for those of us that did lose power, especially for those of you that were trying to cool off a little bit. Temperatures today will likely again be shattering records areas like San Francisco full 10 degrees above the former record reaching into the 90s for a few spots in the city says you look at the Golden Gate Bridge right here Crystal Clear skies we are off to a warm start already with 60s 70s for most of our current temperatures did cool off enough last night to let it cool breeze into your house, but as we make our way through the day today we are going to be seeing temperatures just as hot as yesterday in some areas despite a one to 2 degree cool down and others think areas on the map still under that excessive heat warning and thats all the way through wednesday. So this is an extended round of heat ahead of us not really lo
Is driving the market. The credit fundamentals are deteriorating. The central bank has effectively crowded in. You can get spreads. Jonathan always great to catch up with you. We have a ton of supply from the treasury. The 30year happened. What was your interpretation. There was supply fatigue. What was your take . In the end, supply does not drive markets. It can have shortterm impact as supply has to get digested by the marketplace. Over the long run, the fundamentals are what will drive evaluation. At the long end the long end of the curve was a little overbought. There had to be concession to be supply into the marketplace. Over time, it will be fundamentals and we will be in a low inflationary environment. The fed is on hold for years. As a result, there will be demand for long treasuries. Back in late 2017, when the administration cut taxes, the yield on a tenure was 250. On a 10 year was 250 what will matter for the long and is inflation dynamics. Inflation picked up in the last
I am just enjoying the show. Thank you very much, everybody. We have some very interesting news. , a corrupt fbih attorney who falsified fisa comeys in james corrupt fbi is expected to plead guilty. You probably heard that. It just came out. That is just the beginning i would imagine because what happened should never happen again. He is pleading guilty. Its a terrible thing. Is, they spied on my campaign and they got caught. You will be hearing more. Today, the office of trade and anufacturing policy released new report on how my administration has harnessed the full power of the defense production act to achieve the greatest industrial mobilization since world war ii. China fight against the virus. New factories, businesses, and laboratories are being built to ,atch our demand for ppe pharmaceuticals, drugs, testing supplies, therapeutics and vaccines. Wehas been incredible what have been able to do in a short time. We are helping other countries also because we have been doing it at
We dont know what the governor is planning, we just got wind that hes going to be doing something on monday on that, it cant come a moment too soon in manhattan were there still ghost crowds, we are following other developments as well including the president , hes about an hour away from speaking to the nation, hes going to be heading to westminster over the weekend and visiting his brother who is in the hospital, we dont know much more about the details and whether the president or share anywhere details on his brother but we do know he is going to outline the latest on stimulus and where it stands and aware we have the executive action orders, we know as well that theres no one to take him up on capitol hill because no one is there, you look at a live shot at capitol hill where theres nobody live inside, the houses outcome of the senate is adjourned through labor day, if youre expecting any immediate action on stimulus, it is not happening right now at least if you want congressiona