13 days out to the election. Weve got lots in this hour. Wendy schiller of Brown University will join us on the changing political landscape. There is Market Movement today. We will talk equities in a moment with james bevan. I love his work on a more longterm perspective. Lets go shortterm. Where in the bond market argue focused . Jonathan long end, of course. Front end anchored, a bit of a snooze. And youre starting to break out a bit over the last 24 hours, just north of 80 basis points. Just around 95 was the intraday high in june. We have not reclaimed that level. Whenever we see a price move like this, it is a bit more fuel for the reflation narrative. It is price first, narrative second. Tom i saw just a little bit breaking out to higher inflation. What is the significance of the vanilla spread, the difference between the 10 year and the twoyear yield, back to march of 2018 . Jonathan jonathan steeper, and the five year versus the 30 year, also steeper. I think weve got to get m
Other. Yesterday, down over 200 adding that, you are down more than 1,000 points of decline in early session right now. Well see what the market does as we get close tore reopening and of course to the closing bell today s p 500 down 33 and nasdaq down 101. The central bank indicated it would keep Interest Rates near zero projected that the u. S. Economy will shrink by 6. 5 in 2020. They do see a gain they are expected by 5 in 2021 followed by 3. 5 gain in 2022 and will continue increasing Bond Holdings and Mortgage Backed securities at 40 billion a month. Take a look at the 10year note, yield now sitting at 0. 698 . Crude oil prices have also come down a little too. Wti is down about 3 this morning. Ticking at 38. 38 a lot of this is because of what the fed is you no saying you are really expecting some tough economic sledding. The news out of 12, 13 states probably not great either. I think it would be hard for me to sell right now. You wait around. We dont invest. You would have wis
Nice. Well talk about your black friday forecast. Well start with the temperatures this morning. Ill tell you what, when i came in this morning, it was cold. I had the fleece and puffy coat on just for the walk from the car to the building. You might want to do the same. Then as i mentioned, peel it off into the mall. Right now, were at 31 degrees in philadelphia. 23 in millville. 29 in wilmington. Pottstown at 23 degrees. Lancaster, 24. Mt. Holly at 25. All of us are below freezing except for against the verb. The the marinmarina. The good news, you do not need an umbrella or rain boots. Today will be a dry forecast no matter where you are. Temperatures will rise nicely. 8 00 a. M. , 34. Now were above freezing. By 11 00 a. M. , mid 40s. Well talk more about how high the temperatures cap today coming up in a few minutes. Now, well go to traffic with Pamela Osborne. Thank you. I almost feel the need to whisper because its very quiet. 676 at the parkway, no trouble spots there. Cars get
Three months. Nothing has happened. Good people have filled in. Quiet in the news cycle. New studio. I noticed. New president. Yeah. New vice president. What else is new . You have a baby. I have a baby. Thats new. This week. Lets get you caught up on the markets. Weve been watching this march towards 20,000 for the dow. This morning you can see the futures under pressure. Dow futures down by 41 points. S p futures down by six. Nasdaq down by 13. Lets look at whats happening in europe in the early trading there. Or well start with asia. The nikkei down by 1 . Shanghai was down by a half percent. As was the hang seng. If you check out things in europe, early trading there. Look and youll see never mind, well skip to energy. Never mind, well go to europe. The dax, down by a half percent. Modest declines with most of the other markets. The spain ibex is up slightly. If you check out the oil market, this was interesting. Wti rallying despite the idea that some supplies came in bigger than
We are very international. I want to start with germany. Manufacturing fell to 5. 7 . What a contrast between our unemployment going down to 5. 9 and their manufacturing falling the most since 2009. China, india, turkey, egypt, all closed for various holidays. Out thatt to point samsung reports tomorrow. Ahead of that report, samsung does it is building a new Million Dollars factory. But it is a semidoctor it is a semiconductor like factory, right . Trying to go up against apple. President obama has three Business Today session before, credit regulation, is conceived roundtable just 29 days till midterms. Session court his at a news fashion for the socket, samesex marriage at this point, anderson three different habits, and anderson to three different doctors. How they have only recently for an research, is from 1971 from dr. Okeefe, on how do we know where we are. Google maps, gps. Google maps within our bodies, and dr. Okeefe led the twoon this, and that the norwegians, a husband and