Report, and the jobs data tomorrow. Without a doubt, to of the greatest mysteries we have seen since february. We cant emphasize enough the imports of this claims data. Jonathan we really hope we see an improvement after things went the other way last week. Later tomorrow, we get the payrolls report. Unpredictable. That is the word you would here again and again. Tom lisa, i am going to go back to your bond work for years. Theres a point always where you switch from yield dynamics and analysis to a price study, and it really is beginning to feel to me right now that all the media and the experts in the pundits are beginning to look at price, not yield of bonds. Lisa i think you underscored one of the most important questions in the bond market this week when you asked, is it the real economy driving yields solo or is it the Federal Reserve . I think that is a key question Going Forward as we see the recovery stall out. Can yields go lower not because of the fed promising to buy bonds,
Moment as we look at the labor economy of the united states. ,resident trump out front giving his strategy on the adp report to dovetail a big number for friday, with the reality of the adp report in 14 minutes. Jonathan i think we are both lost for words over this one. Adp report around 15 minutes away. The estimate, positive 1. 2 million. It continues with claims tomorrow and concludes with payrolls friday. The churn beneath the surface, we talked about this so many times. Claims only show you one side. We will try to get the net of things friday. Really unpredictable. Tom i agree, adp is a little squishy. It is likely john swann axios interview. Theres a huge margin of error on the jobs report. How do you see the bond market set up for the margin of error of fridays report . Lisa heres a question, are we already seeing a policy error with the delay of some sort of stimulus package . Are people going to be trying to find other reasons to take a move . I will say the bond market right
Vergiverg diverging in a different way retail is an important part of apple strategy overall, but what youre saying about the markets being down in the midst of the pandemic, it is not easing off as quickly as some had hopes, carl indeed, one last part of all of this the journal now with a couple headlines on the tape saying that china is telling the United States that crossing red lines could put the trade deal at risk. So sort of a continuation of what were talking about all week trade risk when it comes to the u. S. And china which is not a new story at all lets talk about the markets, the founder and managing partner at full cycle. Which is really focused on, ibrihim, and restoring technologies and all of that is coming to light, it is not just about whether or not people should be moving around, but whether or not people can how can this pandemic, working from home, which i think fits into your portfolio thesis, how is this playing out for you and where do you think it goes from h
End into the weekend, major curve flattening. Francine yes, major curve flattening. We will analyze that during surveillance. For first word news in new york city, here is viviana hurtado. Hi, viviana. Viviana the coronavirus epidemic has entered a new phase in cases outside of china is quickly are quickly multiplying. South korea and japan closing in on 100 cases. China, though, still the center of the crisis. Roughly 75,000 infections have been reported, but the new number of cases declining. Intelligence officials reporting the u. S. Congress russia is trump to get donald reelected. The president was angered by the disclosure, reportedly claiming the democrats will use it against him. Donald trump said he will not immediately pardon his former associate an ally, roger stone, still, if courts do not overturn his conviction, President Trump said he will intervene in the case. Mr. Stone was charged for lying to congress and witness tampering. Wells fargo, bloomberg learning it is set t
Expected to move to trial, the phase one china trade deal expected to be signed at the white house this morning top trump economic adviser larry kudlow joins us first cnbc this hour. And financials are in focus, bank of america beats for the quarter, goldman hampered by litigation charges target shares are plunging. Holiday sales miss on estimates on weakness and toys and electronics. The u. S. china phase one trade deal said to be signed this morning this is what secretary mnuchin said about the agreement earlier this morning on squawk. We need to put together very significant laws to change rules and regulations and made strong commitments to our companies there will not be forced Technology Going forward thats a big win for our technology companies, businesses and American Workers we look forward to learning more in the wake of this signing. Jim, mnuchins appearance this morning brought us something new, the notion of phase 2a, phase 2b, phase 2c, so stories evolving rapidly i think