Alphabet seeing outsized gains and treasury yields are under pressure giving back some of their recent pop, thats weighing on the financials the Kbw Bank Index is down around 3 with 59 minutes left in the session, banks one of the few decliners, sara, broader markets ripping up. We have a great lineup of guests over the next two hours to help make sense of the election, the market and your money. In just a few moments Guggenheims Scott Minerd will join us with his take on the rally and later we will hear from long time pharma exec fred hassan about the impact of the election on health care, those stocks zooming higher, plus kyle bass with a take on what all this means with the u. S. Relationship with china and bob diamond will weigh in on the banks. Lets get straight to the market rally that is happening. Mike santoli tracking all the action. You see a move like this, its very sudden, very dramatic in response to a widely watched known catalyst and you have two things, one is whats the
Tells bloomberg theres no risk in using e. S. M. Funds to weather the pandemic. This as multiple policymakers warn of the rising risk of deflation. Manus its just gone 9 00 a. M. In dubai. 6 00 a. M. In london. Were digesting really one of these moments from the fed, nejra, whether it was truly a dovish message. Were not even thinking about thinking about the possibility of raising rates. So we got this jucks pox, q. E. Forever juxtaposition, q. E. Forever, versus the reality of risk for the world. As the number of cases rises, it is unsettling the markets. In excess of 2 million in the United States of america. So the message from the fed, battling against the uncertainty of covid19. Good morning, nejra. Nerja good morning, manus. The debate about yield curve control continues. We understood that the fed and officials were certainly looking at it. In terms of the reaction in the treasury market, i mean, the bulls certainly came back. We saw that 10year yield drop to a 72 handle. The f
Day. You just made my was that a mel brooks movie robin hood men in tights . With the singing. Something like that. Every time i think of robin hood that is what i think about. Alix cary elwes. Lets get back to markets. Any comments on yield curve control when the fed releases its decision in about three hours. Joining us is Marilyn Watson of blackrock. Thanks a much for joining us. With the exception of the last few days, it has been thebb conversation of about a about a curb steepener. What is the best conversation into or out of the fed . Think expectations for anything new from the fed are extremely low. Good in termsery of the labor market on friday. In terms of that being in earlyement, it is still days in terms of the u. S. Economy reopening. In terms of how we will see further opening in the economy and what will happen in the labor market. At the fed we expect to see yields and rates anchored at the front end for some time to palm. Expectely neutral and we rates will remain ne
This is a very unprecedented time. Three priorities in this period. The first is the health and safety of our employees. If we can all stay healthy what stay healthy, we can be part of the contribution here. Even under adverse conditions, we are trying to maintain manufacturing of our food and beverage products. And then with the physical presence in 187 countries, it is very important to us that we also give the helping hand over and above the call of duty around the world where we are present. And on the business continuity, mark, do you have all of your raw material supply guarantees . Crisisminute we saw this spread, we were trying to improve inventory levels at all. Evels of manufacturing obviously there was very little time, and i think flex ability is what is required right now. You do have logistics constraints. Sometimes you need to resort to airfreighting. Sometimes that takes longer or capacity is limited. It is all about managing in a very tight way this crisis and ensuring
The big day is here in the United States. Super tuesday. Can joe biden continue challenging Bernie Sanders . Will Michael Bloomberg or Elizabeth Warren claim their first date . First, more first state . First, more coronavirus cases in the u. S. Two employees in china contracted the virus, or cases in south korea, iran. The fed jumping in but u. S. Stocks still tumbling. What are you watching ahead of the open . Paul the u. S. Reaction really setting us up for wednesday. New zealand, already open and already weaker by half of 1 . Up day on monday no, a big update on tuesday, a down day on monday. Futures here in sydney are off by 1. 3 . The market up by almost three quarters of 1 yesterday. Nikkei futures pointing south by more than 2. 5 . We look at currencies, the aussie dollar actually gained amid all of this, knocking on the door of . 66. Gdp for australia a little later on for the Fourth Quarter. Those numbers are expected to be healthy but they are of course backward looking. The