Dropping below the s p 500 dividend yield which is crazy. You can make more money on the yield on the s p 500 than on the 30 year. Unfortunately the algorithms are utilizing global yields as the correlation to equities and that seems to happen from time to time. Remember prior to that it was the chinese currency any time that traded above a 7 Point Equities move lower. So youre looking at global yields and youre basically understanding that protectionism doesnt exist in global asset pricing. What do you mean . Thats exactly what is going on right now so the United States is blessed with technology. The United States is blessed with low energy. Zero versus the rest of the world. Correct but why is that becky . Because we are seen as the best economy globally and thats where i see protectionism doesnt exist in asset pricing the rest of the world is just driving capital here. So you can see bond yields coming down precipitously but still see it being something that doesnt drag the stock m
There is no evidence of a crime. This isolation has been used [inaudible] mark whelan who holds british, irish, and Canadian Citizenship was arrested in moscow of december of last year and charged with espionage which carries up to 20 years in prison. He has complained about poor conditions and said his life is in danger. Nebraskas highest court has lifted one of the last major hurdles for tc Energy Policy keystone xl pipeline but challenges remain for the 8 billion project which has been on the drawing board for a decade. The project is tied up in a legal battle in montana over itmits and tc energy says has already missed the window for beginning Major Construction work this year. Environmentalists claim the pipeline would contribute to catastrophic climate change. David cote him an industrialist libertarian and philanthropist is dead, according to the bloomberg billionaires index, he about 59h of billion, tying him with his brother as the worlds seventh richest man. Coke industries,
Also want to thank the witnesses for being accommodating knowing vote scheduled interfered with the original hearing schedule and accommodating us today. The topics covered in this hearing and i said this previously are not necessarily what is going to make cable news every night but incredible importance when we think of how best to serve the United States of america, our interests and Foreign Policy and the foundation for any real Successful Organization always starts with the right people and make sure they are equipped with the right resources and ability to do their job effectively. I said multiple times previously and want to reiterate we are proud of the men and women that serve us in our diplomatic corps overseas and in Development Work around the world and these are patriotic americans. I once again want to reiterate the work of how important it is for foreignpolicy and american strength. The last few months as subcommittees chairman i had the pleasure of meeting with many ind
The yield curve inverts again, the fifth time in the last week but stocks are shrugging it off. Weaker than expected manufacturing data and this season of retail volatility continues sharp moves in the stocks with more earnings movers coming in the next hour. Watching signals of the Federal Reserve. Philadelphia fed president harker throwing some cold water on any imminent rate cuts. In december i was not supportive of the increase i was supportive of the decrease somewhat reluctantly this time around to get us back to where policy should be were roughly where neutral is i think we are roughly where neutral is right now and i think we should stay here for a while and see how things play out. Well get another view from the Federal Reserve in the next few minutes here on closing bell. Coming up, an interview with dallas fed president Robert Kaplan with steve live from jackson hole joining us for the entire final hour, is mark leeman mark, it does feel like theres a little more optimism o
I would look for italian bond yields and treasuries. We are also getting breaking news out of iea. It says the oil outlook is fragile. We had a great story saying saudi arabia is speaking to producers to make sure there is not too much volatility. 57. 42. Rude at and the one weve had a lot of news, we could talk about u. S. Intervention on the dollar. The yield at 1. 7. R shares are rising after the Company Proposed and 8 billion settlement. This is the picture, 7. 5 higher. Coming up, we speak to the chief executive of novo nordisk in 30 minutes. First, lets get straight to bloomberg first word news. We stay with that breaking, also a bloomberg scoop. Bayer proposing to pay 8 billion to settle claims round of causes cancer. This would settle more than 18,000 lawsuits. It may be months away, but it would ease investor concern over the litigation exposure. Fight, thatthout a is the italian Prime Ministers message to his deputy. Leaderiimmigrant league is pulling support for the administ