Liz i do think spreads are important to watch. We always know theres a tight connection between the credit markets and the equity market. Especially high yield vs. Equity and i agree that when spreads got as compressed as they did, there was probably not sufficient compensation for those hotelers for the likely risk. Were seeing in it bankruptcies, which have spiked back up. They had a spike in may, leveled off and theyre picking back up back to 2009 levels and i do any what happens with spreads and more broadly in the credit markets, as it did in the march time frame will inform what happens in the equity market. Equity investors need to have a particularly close eye on the credit markets right now. Were seeing about a 50 uptick in terms of your average trading for the nasdaq. And what are you expecting for next week . As renee was telling us earlier, were heading towards a shortened week. Early data on the labor market only thursday because of the ourth of july holiday weekend. Lils
Labour on 203 with some significant losses from 2017. The snp performing strongly in scotland on 48. The lib dems on 11, a relatively poor performance by then, alluding their leader, jo swinson, plaid cymru projected to end the night on 4. So, a very good morning to you, and you are watching election 2019. And here at new broadcasting house in central london, we are going to have this mornings headlines. We say a very good morning to louise minchin. Thanks, huw, good morning. With more than 600 seats declared, the conservatives have won the general election, with their biggest majority since 1987. Labour meanwhile has had its worst performance in three decades. Labour Leaderjeremy Corbyn said he was disappointed and wouldnt lead his party into any future general election. It was a poor night too for the liberal democrats, whose leaderjo swinson lost her seat. Jessica parkers report contains flash photography. He knows it. The conservatives have w011 he knows it. The conservatives have
Moment right now the dow is down by 33 points take a look at what happened to equity markets overnight in asia youll see that the nikkei was flat the hang seng was down by. 8 and the shanghai composite up by. 1 in europe theres active trading taking place in the markets. Youll see its a little bit of a mixed picture. Three major averages are weaker with the ftse down by. 5 . Italy and spain are seeing stocks higher and then finally check out the treasury market here in the United States. This has been the thing we started watching so closely yesterday. You did see an inversion of the yield curve with the ten year yield challenging the 2 year yield. Right nowits slightly above the 2year as it should be at least. That inverted slightly yesterday late in the session. Right now 10year is yielding 1. 581 the two year is yielding 1. 561 . Were getting close on that again. That and maybe this as well investors suffering a bit of whiplash this morning as President Trump changed his messaging o
Wednesday. It started with a trio of Central Banksnt cuttingest rates, and that led to a sharp drop in ghnd yields, ghting the concern over trade tensions between the u. S. And china. At, in turn, led to a flight to safety. Investors piled into things like government bonds and gold. In fact, gold traded above 1,500 dollars an ounce for the first time in six years. Stocks sold off. The dow down nearlynt 600 p early on. Oil also sold off, falling more than 4 . T then the buyerstepped in and stocks reversed course. The dow finished down only 22 points to 26,007. The nasdaq rode 29 and the s p climbed 2. The indexes 2 reversal was its biggest comeback of 2019. Bob pisani has more. Reporter it was another wild day on wall street, the dow plunging almost 600 pointsly ear on before rebounding to end f essentiallt on the day. It was one of the great comebacks of the year. Mounting trade tensi heightened fears of a possible global recession, that has put more pressure on Central Banks including
Pace for the Third Straight weekly loss, could a friday rally turn it around and great debate, recession or slowdown. Two wall street titans weighing in this morning. And ges ceo wants investors to know he believes in his company as the stock suffers its worst day in over a decade so we do not need to tell you were heading into the final trading day of this volatile market week. The three major indices, each down 2. 4 week to date the s p and the nasdaq still posting double digit gains for the year with the dow not far behind interestingly were almost exactly at levels we were on this date a year ago in both the dow and the s p today were left with the conversation of the moment, is this a walmart, an nvidia market or a deere and a cisco market. And that focuses you on the two big arguments. Is the consumer Strong Enough to carry you through, or is Business Sentiment and Business Cycle deteriorating to a point where you have a problem all right, and we continue to look at yields around