Out. Alix yields on the 30 year in the u. S. Down 19 basis points. Lets get some more layered a, Julia Coronado joins us now. We have been trying to answer this question, what is driving the dramatic decline and move into safe havens . Onryone has been blaming it jay powells gdp forecast for 2022. Do you buy that . Is notthe feds forecast at all out of step with the consensus in bloomberg, bluechip, all of the congressional budget office, so i dont think that is new to the market that it will be a gradual recovery, and i thought that powells message was steadfast in terms of the feds commitment to participating in the recovery. I dont think this can be blamed on the fed. Into complacency with the virus. States that are opening up are starting to see escalating cases even controlled for increased testing. This is still a problem that we need to grapple with, is coming back to the forefront. We were always going somet a risk aversion and point the market would have a ritz look at what is
Streets, shutting down a busy interstate and setting on fire the wendys where the incident began, a day after 27yearold Rayshard Brooks was shot to death after taking a taser from one of the officers. One officer has been fired. The police chief has resigned. We will have a live report from atlanta in a moment. Later in our sunday spotlight, a look at the movement generations in the making to change policing in america, after the death of george floyd. In our sunday closer, the time to look through your sunday mail as you tell us about collective scramble by hospitals the good you are seeing around to prepare for a new wave of you these days. Lets start with christine in coronavirus and the to virginia beach. Until people start traveling help. Again, the few people left later, we will revisit a s working are going above and beyond. Sales managers baking fresh samuel l. Jackson on growing up pastries, chefs working as to become one of the biggest box servers, Front Desk Associates offic
With looking at you, sorkin you are on a huge, huge screen you havent seen that. No one has a tv set. How big is that thing . 108 can you get one of these. A little too close. Back it up a little. I almost said this morning, futures down this morning after yesterdays yesterdays 300point gain so, okay they are down today. How do you sell this it was weird yesterday, wasnt it all morning long virus and all of this. End of the day, i looked it up up 300 i dont know look, the problem is that these swings we are seeing, weve all become kind of unnerved to it that was only after a loss from the day before we are looking at these up and down swings. The dow right now is still down for the week the nasdaq is indicated up for the week well continue to watch that looking at u. S. Equity futures the dow was up 300 points and the s p up 33. Nasdaq up 107 points also up about 1. 7 this morning, nasdaq is hanging in there up about 6 points and s p is off just over 3. 5 points. Yesterday, the 10year
The 10 year yield is seeing a flattening name put on. Crude oil, down 8. 7 . Dive intoa deeper what is going on. Mentiont to commodities. It is across the commodity complex. Copper futures are down. Grim Economic Outlook from the fed yesterday, plus a possible resurgence of the virus here in the u. S. You are seeing one commodity higher, that is gold. Up 8 10 of 1 . The dollar is also stronger here. A weaker dollar is a proxy for risk appetite. But the dollar is indeed gaining 8 10 of 1 . Investors are looking more for safety, less interested in risk assets. There is a lot of conviction in equity markets in particular. At the open, we saw volumes basically double over the past 20 days or so. We are still looking at volume over 24 above the 20day average. A lot of conviction in the selling we are seeing. We are seeing the cyclical rotation we all have been so excited about in recent weeks totally reverse quite dramatically. Industrials, financials, materials are the biggest laggards. Tr
Patient with us as we have tried to figure it out this is an emotional milestone, but if it looks like im tearing up, i assure you, its just so hot in this attic that my eyeballs are sweating. Back in march our executive producer Mike Shoemaker said, you should get air conditioners now for when it gets hot in june. And i said, june . Im not going to still be here in june, because i am the shortterm thinking grasshopper and shoemaker is the longterm planning ant and if you want to make it to 1,000 shows, i promise you the ant has more to do with it than the grasshopper. Im so lucky to have Mike Shoemaker i also want to give a shout out to our head writer alex baze he is americas greatest living joke writer and the first person i asked to join me on this journey. Without baze, none of this none of this would be happening. Thanks as well to our crew and writing staff, who i miss seeing very dearly. We do our best to talk about reality on this show, but it is not a reality show, and i know