We are tennessee tremendous reflation we are going to see tremendous reflation by gold. On the other side we have some saying 10year yield are going to zero. I dont want to think of a world of zero interest rates. 0 for the u. S. Treasury seems like an excessively pessimistic forecast. We have had the recovery, its coming to an end. If you believe the Business Cycle is coming to an end, that call makes sense. Now the Central Banks are falling into line and cutting rates. When we get this polarization of use, it tend to be close to regime changes. Something is going to give. That is the journey we are on until Something Different happens. Jonathan joining us to discuss is lisa hornsby, gershon distenfeld, and noelle corum. A big call from bob michele. A multiyear call, looking for the 10 year treasury yield to go to zero. Your thoughts . Noelle if you think recession is kind of looming, but that is not our base case. We are not seeing signs of a recession. We dont expect the fed to be o
Heading towards louisiana. Not pictures we want to see. David and it can really affect oil prices. A lot of facilities are closing, offshore platforms, and it oath course will reflect refineries. Alix we see people taking taking boatspeople down streets. Meanwhile, we have near record highs on u. S. Equities, trying to push higher to get back to those highs for the nasdaq. Euro gaining just a touch versus the dollar. 30 year yields unchanged after yesterdays really violent session, a real increase after a bad option. Crude prices climbing a bit on the storm and geopolitical tension. David it is time now for the mooring brief. Eastern,his morning ford and volkswagen will announce details on their big on electric and on most vehicles. On00 we get u. S. Ppi Autonomous Vehicles. At 11 00 we get u. S. Ppi data. Angela merkel joins Emmanuel Macron in paris. And we get important economic from china, including gdp growth. Now we are joined by rachel evans, who heads bloombergs etf coverage, an
Dont invite me to anything like that. Thanks a lot. Good afternoon, im charles payne. This is making money. Breaking right now, oil, that is the big news today, folks, it is surging nearing major breakout points after saudi arabia and russia both extended production cuts. Move over gadot as the you have company. The recession watch gets older and older, finally some of the smartest folks in the street are throwing in the towel. Some brilliant folks saying nope, stick with the recession call. It will happen. They will explain it. Guess what the megacaps are hanging in. They have become the new safe havens. Should you be seeking shelter there . We have a great lineup with strong ideas and great strategies four. Plus how does a peacetime economy have 2 trillion it deficit spending . Joe lavorgna is here to figure that out. Politicians, economists stop lumping struggling americans with wealthy folks saying the economy is humming along because it is not. A very special guest with us, and al
Bond yields dropping five consecutive days. This line from bank of america, no news is good news. There has hardly been any news. Today light on data, light on earnings, heavy on fed speak. Vice chair jefferson, governor cook, boston fed president collins. Tons more fed speak. Lisa this is giving you a sense of where we are in the cycle of data that we are focusing on fed speak as the leading issue because that is the only thing. Neel kashkari was so loud when he said his base case was staying on hold for a longer time. He raised the possibility of a potential rate hike but he talked about the euphoria of markets. There is an embrace of every disinflationary print we get and he thinks that is premature. Jonathan are we calling it euphoric . Lisa it is a bias to see things in the most disinflationary way possible. Jonathan disinflation the theme of the last week. Pushing back rate cut calls. September feels like the new june. This from morgan stanley. We remain bullish on our call for b
We are trying to process these numbers as they come out. It looks like a good story. Allison the first thing we look at is in line with some of these estimates weve gathered. The interest margin is something im looking at. The yield curve is something that everyone has been watching over the past quarter. Pastgan has said in the its more important to them. It down. Merica had it were people paying attention to this . It doesnt like the interest margin is coming in low. David it looks a fair making more loans and making it up on volume. Allison it has to do with the expectations. When you look at the data, it is slowing. It looks like they are talking about 8 loan growth for the year. I think we will hear more about what they see in terms of demand. One of the things jamie dimon has been vocal about his tax reform and how that can help his corporation. Charles, your initial thoughts . Think there is 400 million in reserve recovery. That is . 12 per share. Say 1. 69. I would like to see