Market but bond market and this inversion of the yield curve. We can talk about what youre seeing, what people are telling you. The bottom line, if history is a judge this could mean recession is on the way. Reporter makes people so anxious, connell. Yields on two year treasurys rising above the yield on a 10year. First time since 2007. That date alone spook as lot of investors. The yield curve on shorter end, now as people call it inverted. The reason it makes so many people anxious, that means investors have less confident in the near term economy versus the long term economy. Normally if you loan money in this case to the government for a short period of time, you expect your principle plus a small payment, youre not loaning money for that long. If you lend money longer you expect a bigger pay back. That is the normal logic of the bond market. You get paid more for lending longer. When this pattern reverses like now, it signals a shift in the pattern, signals a problem for a lot of
Responding this morning. Dges and if your job has got you down. Youre not ace loan. Surprising figures show how stress america workers are and you wont believe how they are coping. It is monday it is august 19th, fbn am starts right now. And welcome to fbn am and good morning im cheryl casone. Good morning everybody. Im Lauren Simonetti thank you for joinings. Lets look at how your money is mondaying on this monday morning after the rally selloff with rally again were looking to green arrow this is morning a part of this has about to be hong kong down is up 183 s p 500 up 20 and quarter nasdaq 59 and half. Treasury yield this morning if you take a look at the tenure yielding 1. 0 bouncing higher. As Dollar Strength in last two weeks watching ole theres been pressure. A little bit of a rebound this morning up 38 cents 5825. Stocks in asia ending in green check out in china jumping over 2 after the people think of china announce plan to Lower Borrowing cost to help real estate and theyre
Talking about oil, weve been watching oil along with wild moves in stock market all week and last several months michigan congresswoman House Community member is here. Talking about china trade dont ms a moment of it. So weve got a rally this morning underway triple digits move after we saw that huge wild week last week. Three down weeks in a row looking to break the longest losing streak since may if weve got china trade, tensions President Trump commented on negotiations yesterday. Heres what the president said. Monetary manipulation and pouring money into the krnghts because they dont want to lose jobs but losing as you know because you reported it but they lost over 2 million jobs in a short period of time and they want to make a deal see what happens but they want to make a deal. If i wanted to mawk a bad deal and settle on china market would go up but not the right thing to do. Im not ready to make a deal yet. China would like to im not ready. President says that apple ceo tim co
And i, too, thank in mueller for coming forward for service to his country. But when mueller would make a decision they liked, its we love you, you are the greatest thing since ice cream. But as soon as he said something they didnt like, its oh, you are a bum. Come on now. We had to see through that. Thank you. As we acknowledge the greatness of our chair jerry nadler and chairman schiff, i want to acknowledge he lie gentleman kusming. He d. Elijah kusming. His research aloud us to take to court, we won the case. The decision was a beautiful statement on the ability of congress to have oversight. Its just a remarkable decision and now of course the administration is appealing it. But i thank you, mr. Cummings for your great leadership. The Mueller Investigation could not do the president s personal or business connections. One of those connections could be through the russians, and thats what we want to find out. As we go to questions, i just want to say that i do believe what we saw t
Strong considering the fact you have a 3. 7 Unemployment Rate wage growth well contained, that raises the possibility that we can take Unemployment Rate well under 3 1 2 , before we run into a serious problem, with pricey inflation labor market may be tight but not overheating in a sense that is poses a threat cheryl big show this morning, Fox Business Network dagen to price stability maria okay, all right you are not worried about all of mcdowell, moodys capitol john this you think the economy keeps growing. I think it will keeps is here and analyst. Growing however that ism manufacturing report contained lowest reading on good morning, gd to be manufacturing employment sings 2016 keep an eye on that. Here. Joining the conversation americans for tax reform president and founder grover no. What is happening with manufacturing is interesting because jobs are changing in manufacturing. And so there are jobs out there, bemployers having difficult time finding skilled tenth, robotics artif