Flow and that is a macro positive. Week, itked about last suggests there is some optimism on the part of traders that may be some sort of scenario around airlines could some serve stimulus could get done but theres so much uncertainty. Airlines have been outperforming more recently. Getd are we starting to something on the 10 year yield . Abigail we are still in that range. The 10 year yield is trying to move to the top of the range in the range is about 5080 basis points with the fed as a buyer keeping bonds in that range. Its hard to know whether it will be broken. Another market is amazon. The s p and the nasdaq are down in amazon in amazons down for its for the day in a row after the prime day event, suggesting some folks may not be to my optimistic about those results. Maybe americans of had Online Shopping fatigue. David one of the risks of the is the continued possibility of more stimulus and the election which is now 15 days away. Is with us, always a delight to have you with u
Are trying to create a robust commercial marketplace in lowearth orbit great we need spacex to get customers that are not nasa. We want to be a customer, but we want to be one of many customers. What we are doing is giving spacex a lot of leash. We have contracted for them to do the launch independently, but make no mistake, our engineers and our technicians have been involved in the developing of this capability, and our astronauts have been involved in it. We want to be one customer of many. We are helping to grow this commercial marketplace by being a tenant customer, but we also want to have numerous providers that are competing against each other on cost and innovation and safety, and when we achieve that it will transform how we do spaceflight. It will bring down costs and increase assets. David you talked about commercialization, which is interesting to our audience, how that works. When it comes to spacex launching a satellite, it is clear. Companies need satellites in orbit. W
Police . Guest i think i we are leavingt this to honr our more than 45year commitment to live coverage of congress. The house is coming in to debate three bills, including one to allow mine waste to be stored on public lands. Youre watching cspan. The speaker pro tempore the house will be in order. The prayer will be offered by chaplain kibben. Chaplain kibben would you pray with me. As we face the day that lies ahead, send us out to serve you, dear god. May we be faithful to keep your commands. May we take time to enjoy the fellowship you provide. May we be eager to be loyal to you. And may our deep desire to be worthy of you sustain us when so many other things clamor for our attention. These are indeed challenges times challenging times but we trust that you hold them in your care. Give us wisdom to appreciate the steadfastness of heart and soul our service to you requires. In a world where efficiency all too often overrides effectiveness, may our goal be your intent for our energie
Donald trump. They say they will create a million new jobs. Ready to go in hong kong. Singapore, taipei, and kuala lumpur coming online, a day when we see activity. The first trading day of this year, where it would have fallen. Here is sophie. The asfs falling almost 1 there with financials and energy dragging on the index. Japan also joining the fray in the red. The nikkei 225 down for tenths of 1 . Falling, second day of declines for that index. A little change on the new zealand equity index, a little firmer there. Futures contracts in china and hong kong hauling ahead of a consumer and Producer Price data released from the mainland. That will be out in the next half hour or so. One of the big things today, in the currency space, Dollar Strength faltering for a second day. The korean won and the pound are the biggest decliners among major currencies so far this week, but we see the one rally won rally. We see the , strengthening. Maintaining its rebound as we see haven buying, foll
Even the initial drop was not a huge one, not even 1 . All three major averages are down. The dow is down 30 points. At one point, it was down about 100 points. Iscould be worse, i guess, the way to look at the averages. This is despite the job report coming in much weaker than estimated, and on top of that, we got a Services Report that was weaker than estimated, showing the slowest expansion last month going back to 2014. Interesting phenomenon we are seeing. Take a look at the groups on the move to see what is supporting the gains we are seeing. It looks like it has to do with the drop we are seeing in bond yields. Utilities are up and Telecom Stocks are up, and those tend to be the groups that benefit when yields are lower. Consumer staples also representing the defensive groups. Financials are far and away the worstperforming group. Look at what is happening with the banking stocks. A big drop here in Companies Like jpmorgan, wells fargo, bank of america, and citigroup. The percep