Change. Gold continuing to rise. Guy curve flattening a big piece of the landscape. Eurodollar spiking on the back of pmi data, i think the weakest number since 2013. I think we dont get ism until the week after next in the United States. Eurodollar with a 1. 08 handle. We just had a 1. 07 handle earlier in the session. Wasgerman tenyear significantly on offer. Pmi data out of europe much better than anticipated, so we have seen a turnaround when it comes to the german tenyear. 0. 7 s in europe down 0. 6 , depending on which market you pick. We are and again negative week in europe for equities. Vonnie coronavirus outbreak also accelerates outside of china. Japan seeing outbreaks with no direct links to china, and the preliminary markets perching markets purchasing managers indicating in february. Deputyinel is with us, cio from state street global advisors. 0. 5 thise yield down year alone. What is it telling you that the s p 500 is very close to a record, and bond yields are at recor
With thetoday coronavirus fears, im taking a look at volatility. The vix has its biggest spike on a weekly basis going back to august. Mark sebastian said something that caught my attention. He thinks there is the possibility that monday could turn out to be similar to the black monday in august of 2015 when the dow at one point was dow 1000 points down 1000 points. There is a possible super spike in the making. There are lots of different ways to look at the vix. The point im making is we have higher lows going into what happened in 2008 back in 20142015. Ahead of the 2016 correction, we had a similar situation. Right now, we have higher lows telling you volatility is on the rise and we could see some sort of super spike. Taylor i wanted to fold in what you are talking about with Market Expectations given the coronavirus and growth expectations. This chart is all about those breakevens. Now down to 1. 6. 10year below that. This highlights the lack of inflation, the lack of growth expe
Seeing the impact across asian fx as well with that weakness in the dollar. The aussie dollar holding steady. We are seeing brent crude trading a little bit higher. When it comes to oil, we are continuing to really monitor what we are seeing with that demandside concern. Saudi arabia jacking up their prices, pushing a little bit of upside momentum there. That was the biggest weekly drop for crude since february so still pretty shaky when it comes to the demand side of that equation. Annabelle that is right and its going to be quite an interesting session as well. We got a number of markets that are shut so far. There is japan, korea, and thailand in focus as well so perhaps when they do come back online, you will see the ketchup trade given the big runup we had in u. S. Equities on friday. The s p 500 gaining more than 1. 2 and as you said, it was that collective sigh of relief perhaps that the fed could have reason to cut sooner rather than later. Talk about last week, we had the pros
No new net jobs created for americans. And what happened to the summer gig . And 162,000 jobs last month. The vast majority of them are parttime. Can we take the war on success. Avalanche of new regulations and obama care. More Young Americans are living at home. Are you ready for the new normal under the Obama Administration . Varney company is about to begin. You know throughout history, folks have suffered from frequent heartburn. But getting heartburn and then treating day after day is a thing of the past. Block the acid with prilosec otc, and dont get heartburn in the first plac [ male announcer ] one pill each morning. 24 hours. Zero heartburn. Weve got a terrorist threat update. At least 19 embassies and consulates will remain closed through saturday and thats due to what the state department calls significant and detailed ip tell against of possible terror attacks. And so far clues are pointing to al qaeda. Congress is tooting its own horn for passing a bill that will cut the S
Plus, why is facebook reportedly asking banks for your Financial Information . Good morning. Welcome to early start. Im Phil Mattingly in for dave briggs. Im christine romans. It is tuesday, august7th. 4 00 a. M. In the east. Lets start with Paul Manaforts right hand man rick gates. Back on the Witness Stand in the onetime Trump Campaign chairman trial on tax and fraud charges. The stakes are high for the white house. Manafort and his deputy know a great deal of what went on Behind Closed Doors during key months of the 2016 campaign. Yesterday, gates admitted under a grant of immunity he committed crimes alongside his former boss and against him as well. Cnn has more from the federal court in alexandra, virginia. Reporter rick gates took the stand in the showdown we have been waiting for as gates
Get a jump on the days news with Christine Romans and Dave Briggs. Every time he weighs in. It complicates the previous explanations for it. We are hearing from the president s aides that in t