I want to begin our conversation by dispensing with the myths were going to talk about liquidity. Is there liquidity problem in the Corporate Bond market . From the perspective dealers, liquidity is different because there are fewer dealers. And their ability erik you were talking about banks. Steve they have less of an for if i had 100 million charter bonds, they might have bid for half of them were all of them for five years ago. Now, they are building bidding for what. They can trade property. The Balance Sheets are smaller. Theyve shrunk the Balance Sheets, so what does that mean for liquidity . That there ismean more liquidity. Thats what you hear. But the reality is different. If you look at the number of and buyers, there are many more and buyers today the weather was for five years ago. And they have a lot more money. If the distribution mechanism. On may not be able to get the wire, it may take an hour or three hours or a day to move 100 million in a liquid mean. But for 80 of
Volatility and various assets as investors try to figure out what to make of the data. Number was worse in terms of the number of jobs added but we also saw some wage growth and we have heard a little bit of mixed reaction to this number. Stocks are down at the moment but there are a number of different factors driving them. The nasdaq is the underperformer, down 6 10 of 1 . Look at the s p 500, we have had a lot of bouncing around even athlete got the number. That even after we got the number. We saw futures recover to some degree and confusion being reflected during the course of the session. We are seeing similar reaction in terms of the bouncing around in other assets. The dollar, for example, a lot of zigzagging in the wake of this report. We saw it go higher and it has been bouncing around since. Seeing aar note also lot of bouncing around between gains and losses. Saw a sharp decline in yield after the number was announced but it has since recovered. It is only up one basis poin
Have to go through that, it is just awful. 31yearold christina was killed here and her son noah died at the hospital later. She died instantly and shes up there with noah. Hes with her mom. 2yearold carter survived alone, russin survivorred into oncoming traffic and she tried to gain control. But she couldnt before a concrete truck plowed into her sending her car into his suv. Its hard to think about it over and over again. You cant assume that she was on the phone or distracted, you know, its a bad corner and accidents happen. Reporter nobody knows that on this same exact spot she is became a widow and her son paralyzed for life. No family should suffer the way our family has, and this family is suffering. Reporter and tonight, wbz news has confirmed the department of transportation is going to convene a special meeting to figure out what can be done to make the stretch of roadway safer. Tim thanks, were following 2 developing stories. First Boston Police searching for this man. Hes w
Theyre paying 13. 50 an hour. You can sign up at any ins any sanitation depot. Back to you. Steve thanks. Streets are also in rough shape after the historic blizzard. On staten island, many roads in the travis section still unplowed. The lack of progress has people in the area very frustrated. Very rough. Cant do nothing. We live on a dead end off a one way. So when they plow down, we get stuck at the corner. We cant go out. Nowhere to go. They say if you have an emergency, call the police. I dont think the police could get up the street. Dari two feet of snow will not magically disappear on its own, but Mother Nature is about to help. Steve it got warm today, which felt good. Nick we are finding that will help in the diggout and meltdown. The problem will be at nighttime when it refreezes. It will be around 30, 32 in the morning and 20s in the suburbs. You will get refreezing. Youll need to be careful for black ice that might form tonight. Right now its still at the freezing mark at i
Skyforce, and an accident at 6300 atlantic street. And backyard looks li we have some fire rescue, stuff that was left on the ground from possible alleged shloting scene. If youre rolling to work of the rest and an earlier accident has just cleared, a lot of congestion and seeing stop and go delays for your nortbbounders working your way up from any where to commercial boulevard all the way through portions and allow yourself extra time, turnpike delays for your northbounders as well. Heavy delay, at least no wrecks on thehe palmetto expressway and it looks like this for both directions approaching the dolphin, i95 incident free. The expressway and main lines northwest 103rd. You can use 7th avenue west as an alternate or biscayne boulevard, heading into downtown, you will need the traffic lights to contend with. More traffic coming up in 15 minutes minutes. Good morning, south florida. Temperatures. By this afternoon, it will be feeling nice and mild. 53 degrees in miami to 58 in key