Rippling spotify revealing plans for new listening options, for radio and podcast. Yvonne it is a showdown in the podcasting world. Also a showdown in washington. We are going to be getting the vote. Essentially we heard earlier today that the senate does not have enough votes to pass a continuing resolution. Looks like we are closer to a Government Shutdown. I want to pull up this chart, which raises another issue. It i separates, but related to this continuing resolution vote. Issue, which is the debt ceiling. That deadline is coming up. It is a bit of a moving target. Expectations are we are going to hit that debt ceiling and need to lift it in march. That is being reflected in treasury markets, where traders tbillsing shortterm due in march. Yvonne its interesting you up, because there is difference between a shutdown anticrisis. We are only talking about there is a difference between a shutdown and a crisis. It could be limited depending how long a shutdown lasts. Some nerves in t
Netflix coming to Million Dollars ahead of wall streets estimate. Good news for netflix. Investors are hoping for war news from washington. It passed the senate earlier. There is four minutes left to voting. It is interesting because it is quite a few questions about how much it will impact voters. No voter likes a shutdown. You the amount of out. Ive comments coming it is quite the opposite scenario in the prior shutdown theit shows you how much economy is humming along. We have about three minutes left in the vote. It will be interesting to the how this plays out in the next three weeks or so. This issue probably one of the most sensitive ones between republicans and democrats. Lets take a look at how u. S. Markets close. King enjoins us now for more. It underscores that the market has really shrugged this drama. The nasdaq leading the advances and optimism about the economy have pretty much left the markets unfazed. Lets go into the market snapshot. Change. Ot much of the you can se
Fastest car ever made, hurtling in space. Keeping the government chugging as oneas deal described nobody loves. It seems like life has changed and rather than talk about no volatility or low volatility in markets, the only thing both are talking about now is to get used to volatility. Andtility is here to stay, i want to show you a chart that reminded me of the great ernies peng lei Ernest Hemingway quote. This chart shows you that ed acency that is br the shortterm fix, the several to blame of the rapid selling in the session. You can see complacency all the way up until the very and, and then these devastating losses. Many warn us about these induced leverage etns, however, nobody thought would go to zero, as a got to zero yet but they are headed straight there. It lays the question or puts into question where it goes from here. Of aard from the likes credit analyst who warned about the shortfall trades prior to the selloff. Is now ang me it opportunity to start buying, but but the m
Also announcing a Share Buyback worth 300 million. Always lots of airlines pu ns. , in theof up and down bond market, this chart 6473, a constant worry for Market Participants when they look at the highyield corporate debt markets represented by the white line. We have seen a declined in the highyield Corporate Bond etfs. That has some worried whether this decline will spillover into equity markets. That does not seem to be the case when you look at the gap between highyield debt and 10 year treasuries. Range, has stayed within represented by the blue line, and that is reassurance or market watchers, seeing the highyield behaving like what we are seeing in treasuries, so not likely to be a catalyst if there was more market turmoil. We dont see contagion when it comes to the credit space. The price action after the fed minutes, we got more clarity, but towards the late part of the session, yields picking up on the 10 year, stocks tumbled, the dollar reversing come so it seems like there
And facebook, and china h and a on a looming cash crunch. The level of debt in china. Yvonne some breaking news right now, south korea inflation in january looking soft, we see a 1 year on year estimate monthtomonth numbers edging lower at 4 10 of 1 , it seems the inflation looking to be getting more soft. Inething we do get to see the Fourth Quarter because we start to see the base effect starting to unwind and the stock currency weakness it is certainly playing into that inflation picture and it is essentially confirms the analysis that that be ok should bok. On hold in the meantime, inflation here looks like it may be picking up pace. That that statement mentioned Economic Growth and Economic Conditions might mean further gradual rate increases and too many that meant Interest Rate hikes coming faster than expected. I want to pull up one of our favorite charts it is wirp, and it shows Interest Rate hikes near almost 100 . Rate hike iner march, and certainly there is a sense where we