13 days out to the election. Weve got lots in this hour. Wendy schiller of Brown University will join us on the changing political landscape. There is Market Movement today. We will talk equities in a moment with james bevan. I love his work on a more longterm perspective. Lets go shortterm. Where in the bond market argue focused . Jonathan long end, of course. Front end anchored, a bit of a snooze. And youre starting to break out a bit over the last 24 hours, just north of 80 basis points. Just around 95 was the intraday high in june. We have not reclaimed that level. Whenever we see a price move like this, it is a bit more fuel for the reflation narrative. It is price first, narrative second. Tom i saw just a little bit breaking out to higher inflation. What is the significance of the vanilla spread, the difference between the 10 year and the twoyear yield, back to march of 2018 . Jonathan jonathan steeper, and the five year versus the 30 year, also steeper. I think weve got to get m
Investigation into a cash for passport scheme convicted criminals fugitives and state officials. Drumming up support speed u. S. Secretary of state is touring the middle east to push arab nations to normalize relations with israel. And storm season is well underway the u. S. Gulf coast prepares for the impacts of horror. And unschooled the latest from barcelona following the n. L. Messi telling the club he wants to leave plus a record breaking night for the l. A. Clippers who are now just one win away from the western conference semifinals. At least 2 people have been killed and another injured during protests in the u. S. City of commotion demonstrators defines a curfew for a 3rd night demanding justice for jacob blake a black man black man shot in the back by police. Well tear gas was far to keep demonstrators from entering a courthouse building several buildings were set on fire and a state of emergency is now in place with extra National Guard troops to prune the process are contin
Industry, and culture. Oaklands new glamour and prosperity are not shared equally by all of its citizens. Nearly half of the citys population is nonwhite and many are poor. They do not patronize the symphony or the museums. They dont use the coliseum or the airport very much, nor do they hold their share of the jobs created by oaklands new industry, port, and transportation facilities. [singing] most of oaklands black and brown citizens came here from the south during world war ii, lured by recruiters for government and private industry to work in shipyards and defense plants. After the war, the shipyards closed and many factories moved to the suburbs, leaving most nonwhite workers behind. Technology put still more workers on the unemployment and welfare lines, where they were joined by newly dispossessed farmers and farm workers forced off the land by the growth of agribusiness. During the 1950s, oakland became a stagnant, seating ghetto of impoverished black intercon notes surrounded
Squawk alley. As you just heard, stocks are continuing to move higher today although off of the highs of the morning. The s p is up about 0. 6 the nasdaq up about 84 points. On track for the fourth week of gains for the major averaging and today it is that reopening trade back in the drivers seat today. It is it is retail names as well at the same time we dont see a buy fur indication it is a shift to more of a focus on e commerce. Amazon is up 1 . And facebook is up better than that that to me is interesting. Walmart is a stock that has done well prior to things opening up. It is also higher. So there is a mix. I think there is general positivity, larger stocks in general are doing better, but it seems like the market is reacting to not just opening up versus not, but maybe a sense that the economy is starting to find its footing. It is such a great point, john it is names like micro soft, adobe, some of the big cap tech names. So it seems like today, at least, this rally, the breadth
Californias fourth largest city is a booming center of art, industry, and culture. Oaklands new glamour and prosperity are not shared equally by all of its citizens. Nearly half of the citys population is nonwhite and many are poor. They do not patronize the symphony or the museums. They dont use the coliseum or airport very much, nor do they hold their share of the jobs created by oaklands new industry, port and transportation facilities. Most of oaklands black and brown citizens came here from the south during world war ii, lured by recruiters for government and private industry to work in shipyards and defense plants. After the war, the shipyards closed and many factories moved to the suburbs, leaving most nonwhite workers behind. Technology put more workers on the unemployment and welfare lines, where they were joined by newly dispossessed farmers and farm workers forced off the land. During the 1950s, oakland became a stagnant, seating ghetto surrounded by oaklands allwhite Police