what inflation? global growth will be relatively weak. the fed is on hold. the fed is ready to do what it has to do to keep things going. the coronavirus scare. the coronavirus. the coronavirus scare is completely dominating the conversation. we can still go lower. the message for investors is to find yield. keep your yield. interest rates will be even lower for even longer. you just can t be scared away. once you give the yield away, it is hard to get back. jonathan: joining me around the table is subadra rajappa, kathy jones, and rob waldner. kathy, typically when we start a week with sentiment like this, the next week things flip the other way and we are vulnerable to a squeeze. are we vulnerable now? kathy: it doesn t feel like it. the squeeze was people were not prepared for this. and anyone who was heavily in leveraged fixed assets has been squeezed out. so it doesn t feel like it because there s no magic wand here. this thing has to peak and come ba
if you look at inflation, what inflation? global growth will be relatively weak. the fed is on hold. the fed is ready to do what it has to do to keep things going. the coronavirus scare. the coronavirus. the coronavirus scare is completely dominating the conversation. we can still go lower. the message for investors is to find yield. keep your yield. interest rates will be even lower for even longer. you just can t be scared away. once you give the yield away, it is hard to get back. jonathan: joining me around the table is subadra rajappa, kathy jones, and rob waldner. kathy, typically when we start a week with sentiment like this, the next week things flip the other way and we are vulnerable to a squeeze. are we vulnerable now? kathy: it doesn t feel like it. the squeeze was people were not prepared for this. and anyone who was heavily in leveraged fixed assets has been squeezed out. so it doesn t feel like it because there s no magic wand here. this t
Flatten. The currency move of the day is what is happening with the turkish lira. A huge move today. We will discuss that later on in the show. Because theres a war going on between the president and the central bank. The last 24 hours hasnt brought much certainty and who will govern germany. Chancellor merkels largest partners expressed no interest in coming together and she said she would rather have new elections they go forward without a majority. Matt miller has been covering each development and we welcome him from berlin. Bring us up to speed. What is going on . Matt you summed it up quite well. The key is she doesnt want to go forward without a majority. The form still prefer a Majority Coalition with either the ftp and the greens or with the std her Current Coalition partner. That seems so unlikely, the ftp having to walk out of Coalition Talks. The stp saying it is no way interested in prefers to stay in opposition. Now the president whom you see here is going to try and forc
Growth. You have to look at the round the last 12 months and we could still be a path of up to 3 so that would be a sign of improvement in the job market. The job creation is fine. The wages was. 3 with the revision down to. 1 so a. 2 per month. If we can get wages pulling, you can get inflation going, which is what the fed wants to get going. I do think you are seeing marketetty solid labor thats not necessarily extremely overheating, but its a good thing for markets and equities. This is not a labor market humming along. It is certainly not consistent with needing to raise rates. And i think it pushes the fed possibility of raising back. This is a labor market that potentially looks like its beginning to slow. The labor market is actually really hot, but the run rate for job growth is below 100,000 probably, so anything above that to me is taking away the slack in the labor market. The labor market is not hot. Its not humming. Its slowing and relatively weak. As the economy continues
Growth. You have to look at the rounding the last 12 months and we could still be a path of up to 3 so that would be a sign of improvement in the job market. The job creation is fine. Its the wages, was. 3 with the revision down to. 1 so a. 2 per month. Thats what were really looking appeared if you can get wages going, you can get inflation going, which is what the fed wants to get going. I do think you are seeing both pretty solid labor market thats not necessarily extremely overheating, but its a good thing for markets and equities. This is not a labor market humming along. It is certainly not consistent with needing to raise rates. And i think it pushes the fed possibility of raising back. This is a labor market that potentially looks like its beginning to slow. The labor market is actually really hot, but the run rate for job growth is below 100,000 probably, so anything above that to me is taking away the slack in the labor market. The labor market is not hot. Its not humming. It