Significant rally, up eight at the opening bell, a gain of 55, urging the fed to cut rates. We wait to see when the fed is. Some money coming out of treasuries. I want to see it but cant, dont have it but it is up from the historic low of one. 03 , it is one. 12 as we speak. Politics. A mad scramble by the democrats to support joe biden and beat back the bernie challenge. Amy klobuchar and Pete Buttigieg throw their support to biden, beto reappears to back him up. This is desperation time. Today bernie is expected to win the california and texas primaries, all hands on deck for the moderates, they are panicked at the thought of the bernie nomination but there is still bloomberg. He says even if he doesnt do well today he is not bowing out. Democrats are locked in a 3way battle, totally split, at war with themselves. Just wait till you see joes latest gaffes, that is plural. Varney and company is about to begin. Tomorrow is super tuesday. I was waiting for a black man to pick me up and
Immediately. Is that the case can you comment on that . Didnt quite characterize the conversation correctly, but to the larger more important point, we are happy to continue the conversation with the iraq is about what the right structure is weve been there to perform a Training Mission to help the Iraqi Security forces be successful and to continue the campaign against isis. Were going to continue that mission, but as times change and we get to a place where we can deliver what i believe and the president believes is a right structure with fewer resources dedicated to that mission, we will do so we also have today a nato team thats here at the state Department Working to develop a plan which will get burden sharing right in region as well so we can continue the Important Missions to protect and defend and keep the American People safe while reducing our cost, our resources and burden and the risk to our soldiers and sailors in the region. Here today at the podium you said the imminent
Welcome to daybreak europe. Started the year risk on. That has taken ahead after reports u. S. Airstrikes have killed the top iranian commander. You are seeing red on the screen for the msci asia asiapacific index, excluding japan. Japanese equity markets still closed for the holiday. Yesterday we saw the essence 500, nasdaq, and the dow hit records led by mega caps. Futures taking a big hit as well. S p futures down 0. 8 . Money moving into treasury futures as well. Japan closed the 10 year yield flipping yesterday dropping back below 190. The yen hitting a two month high. Gold at a fourmonth high. Oil rallied strongly as well. Brent and wti approaching 17 a barrel, hitting its highest since the attacks on saudi arabia and infrastructure in september. Our top story, irans Supreme Leader has about super severe retaliation after the United States killed one of the islamic republics most powerful generals. Great to have you with us. What do we know so far . What we know is the strike and
And probably a vote we expect somewhere between 6 30 and 7 30. It is important that everybody remember that it is im not saying it is a side show there will be people who are going to be talking about and i heard some of them today saying, listen, there could be a surprise in the senate, might be some defections. I dont see it that way. I look at i only have history not a lot of history with these things, but day by day of when clinton was impeached in trial and anniversary of which is tomorrow. Yes, it is. And you got that period from january 7th, 1999, february 12th, really the most turmoil and thats where you at the height of when things were bad, the nasdaq lost. 18 s p down 3. 0 dow down 2. 6 and after that the market roared. If you want to know when to buy, might want it buy into the teeth of tomorrow, maybe even next day. Because it is just a great opportunity. It doesnt feel as though when it comes to the markets that there has been any real impact from this no. None whatsoever
Year, we will be looking at a global recession. We are going to test 1 . Bux a lot of things would have to go incredibly wrong to get to 1 . Most will dropat down to that 160 range. The fed is not going to cut again. If there is any weakness, death jonathan joining me jonathan joining us from chicago, john bianca. At 2020, it looks like the consensus is rates well stay where they are or go lower. Where do you go on that debate . Torates will probably drift lower. That has been the story the last 10 years. We have had no inflation. We are in a record expansion. Cannot generate inflation right now. Rates are down 75 basis points on the 10 year yield. The path of least resistance has been lower. I do not see that changing. We are calling for higher rates this year, not a huge breakout to the upside, but we are looking for two and a quarter stretch. Unlike last year, we are starting at a higher level with the economy slowing down. Now we are starting at a lower level with the economy looki