It is like a gulf. This is not separated in terms of politics. Actually, ill take this side. Im really not sure you may be closer to me than him this guy is a nut. Im going to need a lifeline. We could put Chris Christie in between us. Lets check on the markets this morning. You know what i didnt look at today, constitutional crisis concerns looking at the stock market, i cant see it there up 115 points on the dow jones the nasdaq up 41 treasury yields up 71. My mind is wandering the predicted volume and money is very small. I checked the odds of impeachment. They are up 60 cents odds that trump does not finish his first term or odds he does finish is 80 . At 4 00, there is a meeting. Maybe it is one of those situations you do it and hes not removed. How do you read that im no expert but saying this is a political decision. Impeachment is a political decision bringing charges is different than a case. They have an election in 2020, they may just want to wait for that i would think so.
Turs the dow and s p are a little lower. Nasdaq is on pace for the fourth weekly gain. Being looking at raise yeah, the nikkei up and shanghai composite. The ftse is down slightly, actually flat. So is the dax. The cac is up about. 2 . The 10year is yielding 1. 779 in our tariff news du jour, the u. S. Is going to temporarily free more than 400 products from the 250 billion in tariffs imposed. According to documents said to be published by trade representatives today. Including items such as Christmas Tree lights, retractible dog leashes. What . How did that get on the list that wouldnt work for my dogs if it went out, when i brought it in, something would be attached to the mouth. Filters for kcups, tiki torches, grills, electric skate boards stemming from more than 1,100 requests from companies. Holding lower level talks in preparation for higher level talks expected in october. Here is what Vice President pence and black stones steve squartsman had to say. For too long, one administ
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
The 10year treasury is yielyieldin 4. 19 . I believe these are sitting at high levels for yields for the year i had a computer problem before we started. Of course. Thats why i was asking you i was deferring. Lets look. It is clear it is high yields for the year if you look at that year to date that yield up 8 all of this is happening as we got stronger than anticipated adp numbers this week and the downgrade from fitch can i point out, becky, look at when this is higher than the last time which is back in march when we had the problem with the regional banks oh, thats very interesting too many alarm bells. We are back to the pressure on the banks. Now, they had a lot of time to get their act together they had the fed program to take their tired, poor, hungry and underfunded bonds to the fed and get 100 financing off that. It is an area where there was pressure on the bacnks. We have to watch the regional banks. I havent looked in a day or so. They were doing quite well and i dont know