Of bonds versus stocks. We know that as stocks has been rallying, so have bonds. That is interesting because because the correlation between them has been declining over time. The correlation is at the lowest going back a year. But and actually might still be attractive to be buying stocks over bonds. If you look at the chart here inside the terminal, when looking at the dividend yields about the 10 year yield, dividend yield is still offering more return than the 10 year treasury yield. So even though bonds and stocks are high, actually still might make sense to buy dividends over treasury yields. Lets bring volatility and the vix into the equation. What we are looking at is the vix curve. Up, it is this melt at super low levels. The lowest levels we have seen in about a year. Beneath the surface we are seeing the curve steepen. The steepest in three years. Basically what this tells us is even though volatility is low right now, the implied volatility going out further is steepening t
Thursday, the hong kong democracy drama takes a new turn. Backing the protesters. Retaliate,tened to if he did. The yuan also fell. Boris johnsont conservatives will win a healthy victory. A quick shery a quick check of the market. Japanese yen the strengthening. Still at that 109 level. This is after six sessions of weakness. The longest losing streak since 2018. We are seeing some of that Risk Appetite reading with u. S. Features also losing ground. How the kospi trading is down half a percent. The korean won has been weakening against the u. S. Dollar, and we continue to see so we do have the bank of korea policy decision on friday. I have to say that the aussie dollar is under pressure. Keenly stocks are up and rising for a fifth consecutive session. Lets get the first word news with su keenan. Strengthened as a poll suggested the conservative party might win a majority in the next election. Boris johnson is morning that aere could be there is real chance of no overall victory and
Impeachment inquiry into a democrat in the white house. And just like today, the Minority Party argued that the majority had been trying to take a president down for years. I did not have sexual relations with that woman. Ms. Lewinsky. Reporter president clinton lied under oath about his affair with a white house intern, triggering an impeachment inquiry in the republicanled house. Then, like now, the parties were split over whether the president s actions represented what the constitution refers to as high crimes and misdemeanors. California democrat zoe lofgren. He lied about sex, not an admiral thing, but really not an activity that shook the foundations of the constitution and the democracy. Reporter Wisconsin Republican jim sensenbrenner. The president of the United States should be held to the highest standard of anybody in the country. Reporter both lawmakers sit on the house Judiciary Committee, which handles impeachment. They were there in 1998 too. What stands out to you abou
Good morning, everybody. Welcome to the november 8, 2019 Public Safety and Member Services committee. Im chair of the committee. To my right is our vice chair and our clerk is john carroll and i want to thank jason goldhammer for staffing our meeting. Mr. Clerk, any announcements. Yes, please ensure youve silenced cell phones and your completed speaker cards to be included as a part of the file shall be submitted to the clerk. Items acted upon will appear on the agenda unless otherwise stated. Thank you, mr. Clerk. Could you please call our first item . An ordinance amending the police code to require the cannabis retailers permitted events, hold cannabis business permitted issued by the city and that permits identify the retailers selling cannabis goods and affirm that said retailers hold the goods and only retailers will sell such goods at cannabis goods and that they commit to specific actions to support the equity goals as a commitment of permanent issuance and an application for a
This is the position we find ourselves in. Looking at futures contracts for the s p, those are indicating just about a flat picture. We did have records once again for the major benchmark indices on wall street that should have been given is more of an uplift to the tail end. It is just up fractionally in the msci all country world index , which means we are just about 1 away from a record when it comes to global stocks. This is what we have just at the moment. Just appreciating just a little bit despite the horrible production. The fact that the rba is paused for now with regard to Interest Rates and a ruling out a move toward quantitative easing for the time being, just playing in the yield, just in three basis points. Ok. With that in mind, lets find out what else is happening. Lets get to the first word news. Thank you. We are going to start with the white house. A budget official in the Trump Administration says he warned his superiors that a hold on security aid for ukraine could