1 outperforming up a full point. 75 10 year yeild nearing basis points out of safe haven treasuries. 2 . Ollar up approach torelaxed inflations. We will seek to achieve inflation that averages 2 over time. Will achievecy some time. R prof, what do we still need to know . It was powerful and important. Not trying to. Low the ecomony down experienceecade of unemployment. We will take more of a back seat. It even overshoot inflation . Fed wills where the go. Before weation down get to the 2 . Is hot . That is what they arent going to tell us. They dont want to be constrained. Rt japan. Ference countries acted too quickly. Of gdp and is going much higher. Thatdont want to get in situation. Thatwant to go higher and means we will get to the 2 average, which might mean target. N above the 2 are you concerned valuations are getting too extended . The fednk some of it, liquidity support was important to avoid the market disfunction. Sell treasury securities they will sell everything they can.
The information on the front of irish or any other science topic you should really check out our podcast you can get it wherever you get your podcasts you can also find us and christine w dot com and slash science. In the United States on kenya talk trade as washington seeks to have our eye bilateral deals over multinational agreements well take a closer look at whats at stake for both countries and i ask is america trying to play cut up with china. Also on the so far from a sunny outlook german travel tie in to me post enormous losses and day off to receiving a nother lifeline from the german government. Andrew han was the 1st place having to deal with the corona virus the chinese city is also one of the 1st to go back to some degree of normalcy what can the world to learn from that. This business im sorry ferguson thanks for joining me over the past few weeks the United States and tenure have been holding talks aimed at hammering out a trade deal an agreement could serve as a model f
Just next day but every day. Thousands of children are still waiting for their delivery sponsor approx today so together we can deliver futures. In. The United States and kenya talk trade does washington seeks to have arrived by natural deals over multinational agreement well take a closer look at whats at stake for both countries and i ask is america trying to play catch up with china. Also on the so far from a sunny outlook a german travel giant to me post enormous losses a day after receiving a nother lifeline from the german government. The time to move on with the 1st place have. And to deal with the coronavirus the time he says he is also one of the 1st to go back to some degree of normalcy what can the world from there and from the. Business im ferguson thanks for joining me over the past few weeks the United States and kenya have been holding talks aimed at hammering out a trade deal an agreement could serve as a model for other american deals with african countries parts of u.
Good to be back with you. You did mention very important piece, which is davids piece and hes a friend of the show. Talking last night i was reading it and thinking can we really go higher he has a piece that says we will blast higher that will be something that i think a lot of people would be suspect, little critical of because were going right into the election he doesnt seem to mind that davids work is high quality and i just really think that he is just saying, it is time. And wouldnt that be something if we have a big, big move here. Its fascinating. He does say, jim, as you point out, the election does remain a risk but 3,600 year end and 3,800 in 12 months is a 6 gain and earnings estimate, jim, for next year 170. I mean, i remember when they thought 150 might be a risk. I just have to tell you, i wish everyone could get goldmans research i was fortunate enough to get that piece because it is a very logical piece because how there are many parts of the economy that are good. Th
Deviations. It is an historic surge in gold. Francine it certainly is, at we have been spending a lot of time on that and we will spend more time on gold. Lets get to first word news with ritika gupta. Ritika good morning. The fight over the chinese consulate in houston shows that hardliners now have the upper hand in the Trump Administration. President trump has allowed a small group of advisors led by Michael Pompeo to push u. S. Policy toward its most antagonistic in decades. U. S. Officials say china has a history of espionage and intellectual property theft. The Trump Administration and Senate Republicans are considering a shortterm extension of extra unemployment benefits. It is unlikely the white house and lawmakers will agree on a broader stimulus deal before the benefits expire. Millions of americans receive supplemental payments that were included in the last laurent virus package. Way for paving the soaring stock to join the s p 500 index. The electric carmaker reported thir