There, literally that i was going to put a gloomy spin on everything i read and heard about the market. A market where the s p declined and let me tell you something, staying negative on this market was tough literally from the moment i climbed on the elliptical for the 4 30 a. M. Workout after some nasty tweeting and i turned on the tv and what do i see . Well immediately i was greeted with a report of bond rates. 1. 38 and italian tenyear 1. 4 . They are record lows. In other words you hardly make any money buying bonds over there. Those levels may not mean anything and i dont talk about europe but listen up, november of 2011 both countries were having liquidity crisis. The banks that owned the solve earn debt was teethings on the brinks. And in just a couple maybe five days with a single data climb of 400 point when is the data in italys bonds broke through 7 . Huge bets were being made these countries with portugal and ireland would default. Fast forward from today with the others
For a record of its own trying to close higher for a tenth straight day. That would be its longest win streak since july 2009. Investors encouraged by Janet Yellens hints to congress that the fed will probably start raising rates later this year. What does jim grant say about all this and is he behind the audit the fed movement . Well talk to him about that when jim joins us coming up. By the way, 10year has moved lower, comfortable ablably below the 2 level. Were at 1. 98 and change. 2year note auction after the testimony, then the 5year is at 1. 46 . 10year at 1. 99 and 2. 60 on the 30year. Were getting so used to this volatility but it is really unusual, especially on a comparative basis for how lowther here. Big move after janet yellen today. Lets talk about it in our closing bell exchange. We have renee norris from urban wealth management, Quincy Krosby krosby, Jim Osullivan sitting in my chair at the new york stock exchange. John manly from Wells Fargo Funds Management and Kenny
Star state reporting on the impact of low oil on jobs and the economy in the great state of texas. First, lets get to bob in the heart of all the action down at the nyc. I can hear smashing in the background. All those records being smashed again today. I believe its been the best twoweek gain for the s p in three months and im just looking at the leaders here. Energy and materials are on fire. Once again. At that level this will be a new historic closing high. Well see if we get there here. Intraday inteks for new highs, theres a bunch of them. The s p 500 is an at intraday by semiconductor index, i mentioned this all week its been at historic highs. Midcaps have been historic highs. The nasdaq is at a 15year high. The russell is close to new highs as well. Well be keeping an eye on that. Leading the charge as mandy mentioned is energy and will we see brent up very strong this morning and close west texas intermediate. We get some of the more volatile names up. Danbury, halliburton, b
210. Road map begins with the markets. Investors facing this continuing pullback, after the nasdaq broke 5000 earlier in the week. Private Sector Employment data not helping, days ahead of fridays jobs number. Everything must go. Target aiming for billions in cost cuts while abercrombie shares get discounted on mixed quarterly results. Pressure mounting on ges ceo jeff imle. Well explain why thats in the news. Stocks pulling bakken on track for a second straight lower open adp employment below forecast 212,000 workers added to payrolls in february. Thats ahead of the jobs number friday. And after some of the mixed data out of europe and china overnight as well as surprise rate cut from indias central bank, the second cut there of the year. Eurozone, jim, you said yesterday the green chutes are no longer green chutes theyre outright plants and the pmi number, even in france would back that up. Persistent low growth there. I hate the term negative growth. But things are going down there
Joining me to provide inside analysis this morning are former Senior Advisor to president obama, david axelrod. Kathleen parker of the the washington post, Helene Cooper of the New York Times and former Senior Advisor to john mccains Campaign Steve schmidt. Welcome to sunday, its meet the press. Good morning. Lots of 2016 politics on the show. First breaking news overnight. A major rescue operation that is under way. Hundreds feared drown south of an italian island of lampedusa, after a boat carrying as many as 700 migrants cam sized in the Mediterranean Sea between north africa and italy. Kir simmons joins me from london. It is a fear most of these 700 already drowned. Reporter there is. Good morning. That search and rescue operation is under way involving italian boats, the multis, navy and commercial vessels. The Italian Coast Guard said 24 bodies have been recovered and 28 survived. One International Organization is saying 49 are rescued and taken to sicily. The sinking boat capsiz