Im Francine Lacqua, lets check on your markets. European stocks are a little undecided. They were lowered today following things in asia. We saw a little bit of a volatile session for the japanese equities. Opec meets on thursday. , Peter Oppenheim or joins us shortly Peter Oppenheimer joins us shortly. Morning, wen the will speed to british billionaire investor David Harding. We will talk about Artificial Intelligence and its impact on market performance. Here is the first world news. Of julius baer has resigned. Bernhard hodler will replace him. He has been a member of the executive team since 1998. In the u. S. , republican lawmakers are scrambling to lock up the votes needed to put a tax bill on Donald Trumps desk by the end of the year. The cbo estimated the effect of the bill on the deficit that has not had time to look at employment or economic. A federal judge will decide which of the two people runs the Consumer Protection bureau. English, Deputy Director english liandra asked
We will talk with the former department of Energy Secretary ernest moniz. Elizabeth warren and mark warren have some new legislation they are proposing security for data. Thats all coming up from washington today. Alix really looking forward to mr. Moniz. Here is what you need to know. Sell u. S. Assets. Thats what happened when china came out and said they would be not buying any more u. S. Treasuries. S p futures took another leg lower on that news. The dollar took another leg lower since november. Treasury yields took another move higher on that news as selling persisted. 2. 6 is how we trade on the 10 year. A stones throw away from what Jeffrey Dunlop says will make the bear market in bonds final. Crude over 63 a barrel. Really skeptical if that can hold. Time for our first take. Jeffrey dunlop warning on the s p and finally oil and 80. I say no way. I dont understand it. Is is cory johnson and lisa abramowicz. Lets take a look at what happened to 10 year. A huge move as im leaving
It is stronger than we expected. We felt for a while that the pot of core inflation is going to move to a higher trajectory in the next couple of months. If think there is a chance of inflation in the economy any see strong Growth Numbers coming out, that is going to bring volatility back to a more normal environment. The 10 year near 3 makes sense. That price is in four hikes, a lot better than six months ago. When we get a big selloff in equities, it will be because of a selloff in bonds. Bonds will lead equities down the next time. We have not yet seen it, but the idea that bonds will be a safe haven, i dont really get. The likely selloff in equities will come because bonds have to reprice because we have inflation. Jonathan joining me around the table in new york is jeffrey rosenberg, chief income strategist at blackrock, kathleen is from eden park management, and from london, nick, from jpmorgan asset management. Its great to have you on the program. The idea that bonds have no lo
But we have felt for a while that the path of core inflation is going to move to a higher trajectory in the next couple of months. If people think there is a chance of some inflation in the economy, and you see strong Growth Numbers coming out, that is going to bring volatility back to a more normal environment. The 10 year near 3 makes sense here. That price is in four hikes, a lot better than six months ago when it was priced at one hike. When we get a big selloff in equities, it will be because of a selloff in bonds. Bonds will lead equities down the next time. We have not yet seen it, but the idea that bonds will be a safe haven, i dont really get because the likely selloff in equities will come because bonds have to reprice because we have actually got inflation. Jonathan joining me around the table in new york is jeffrey rosenberg, chief income strategist at blackrock, kathleen, director of fixed income at eden park management, and coming to us from london, i am pleased to say ni
Expected. We felt for a wild at the part of core inflation will move to a higher trajectory in the next couple of months. Is a people think there chance of inflation and the economy, and you see strong numbers, that will bring volatility back to a normal environment. Makee 10 year near 3 sense. That price has seen for hikes, which is better than it was six months ago when a price that one hike. Forhen we get a settle equities it will be because it is driven by equities and selloff. Bonds will lead equities down. We have not yet seen it. The idea that bonds will be a safe haven, i do not really get. The likely selloff in equities will come because bonds have to rechrist reprice price because we have inflation. Around theoining me table is jeffrey rosenberg, kathleen, director of diversified fixed income, and from london, nick, the assetational at jpmorgan management. Great to have you with me on the program. The idea that bonds have no longer given that Risk Mitigation quality and term