We shifte weeks where from recovering east coast cities with all of our bias there to the rest of america. It is not a pretty picture. What i find fascinating is axios moments ago features new mexico and oregon, where others are featuring arizona and texas. It is a state they are, a state here. I dont buy the second wave stuff. It just sums up to an expanded pandemic. Jonathan for real it is a moment for real humidity. Not a moment to project for real humility. Not a moment to project confidence. I think it was pretty clear in yesterdays News Conference the fed is not going to do any tightening anytime soon. Tom i sort of blew it yesterday. You know i am not a fan of the dot plot, and i never looked at dots on the bloomberg. It looks like an old line hockey stick from my youth. To 2022. T out and then miraculously, Interest Rates elevate somewhere out there longer term. I dont buy it for a minute. Of a heada bit scratcher for me as well. Lisa abramowicz, which got to talk about the dat
Saves the world become the regular path of every central bank toolkit . Im mark barton. Out what is happening to European Equity markets one hour into the tuesday session. We are lower by about. 1 . Falling for a second day after rising yesterday. The highest since august. Sterling continue his continues its climb. We temporarily crossed 136 yesterday, the postbrexit median forecast for the fourth quarter. According to the analysts we 1. 29, a bit of a gap. 44 , marginally higher today fell yesterday to the lowest big news is friday when snp global ratings raised the rating to investment grade. The yield on the 10 year yesterday following a whopping 36 basis points. The biggest oneday move since 2000 and 10 2010. Ahead of trumps u. N. Speech, the fed twoday meeting, that kicks off today, gold is inching higher by. 1 , rising after falling to the lowest since august of 2015. Yesterday it rose to a oneyear high on september the seventh. Lets get the first word news. Here is nejra cehic.
Both engines of the u. S. Economy running at full steam. As for the stock market, were seeing a mixed picture. Ny gain would be a record the s p and nasdaq are seeing some weakness here, individual stocks seeing weakness, having to do with earnings. 3 . Ave pepsi, sales down the shares are pairing their decline. Earnings beat estimates. Sales are weaker. Digging more into that and our stock of the hour segment. One of the worst performers in the s p 500 has paired some of its decline. That company posting sales that missed estimates as well. The ceo is making more optimistic comments. And office depot fell 78 . This is a preliminary view as the Company Looks to make an acquisition. It is going to buy congee column compucom. We are also watching the situation in puerto rico, in the wake that puerto ricos debt would be wiped out even as his budget chief says those, should not be taken literally. Here in the bond insurers seen in steep decline. Cells themselves self plunged. Record low he
Breaking in terms of data. Eakness in general if you look at the markets, there is so much motility. Was pretty gloomy. Francine tom i dont know when he wasnt gloomy. Is driving lower this morning. We are getting into on thetional relations multiple threats from north korea. We are. this is on tractor territory. Lets get to the first word news with vonnie quinn. We start in north korea, they say for the first time they have successfully tested a hydrogen on. The government called it an act of selfdefense. The u. S. , south korea and japan condemned the action. Meanwhile, skeptics say the test may not have actually involved a Hydrogen Bomb. There is a report that the u. S. Syrias president staying in power for another year or so. It outlines the best Case Scenario for political transition in syria where civil war has raged for five years. The plan sets that unspecified march 2017ch 2015 two about the presidency. David cameron meets again today with Angela Merkel. He is trying to convinc
Rate came down so far and has been holding there. It has not gone back up. It is a huge debate and i dont think you look at one jobs report, debut put together a sequence to my and the major theme has to be, are we in escape velocity . At is the big question we will see at 8 30. One number i will be looking at is the increase in average hourly earnings, expected up 1. 9 . It sounds good but it is less than what we have been seeing. A lot of people would rather see people being paid more because it suggests growth and labor demand in the economy. Anything else in the brief . There are no earnings. But we should point out the ecb will be holding a press seven 45. At and the market closes early . 1 00 p. M. The bond market closes at 2 00. A data check. Within ecb meeting this morning, quiet. We drive to 17,000 on the dow. Yields are back up. We have gone from 2. 5 what ever to 2. 63. P come on, courtney, lets go. The vix, 10. 82. 16,998. I am back on watching dollar ruble as well. Lets go