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,
Theseard some of questions wrapped around the surging equity markets that we saw yesterday. Jon is going to do the data in a bit. We saw a pullback in the data this morning. Butee it in bonds as well, a most interesting day all in all. You centered your data checks on the mystery of the u. S. Dollar. We are going to address that in a bit, but it is still a remarkably resilient u. S. Dollar. Jonathan and a hugely divisive debate at the moment about geographical bias. A lot of people focused on that word divergence. What is the reopening we can depend on . Is it not the United States . That is the question that has come up continually. For this recovery, the reopening, it will be bumpy and we will see a lot of evidence of that today in australia. At theu mentioned this top of the last hour. To see melbourne on official relocked down, that was sobering. Of about 5ity Million People and a daily infection rate pushing 200. It is a different approach. It is about the science, yet the policy
You have these records stimulus plans being proposed and a pretty Bleak Outlook certainly by the ecbs madame lagarde, and yet, we see the fear of missing out trade in full force across equity markets. It just feels like if this fomo trade continues, how much does the pressure come on fiscal policy makers to continue these programs . Jonathan i completely agree. Right now. Ope italy rallying because of what europe is about to do, or what they are talking of doing, and germany not really backing up any big way. We had record issuance in the United States. What have treasury yields done . Not a whole lot. The market is wide open for these guys to do a whole lot more. Lisa yesterday, the Federal Reserve sold twoyear notes at ,he lowest ever yield of 0. 18 which brings us to what we are looking at today. You are seeing u. S. Treasuries selling another 45 billion of fiveyear notes. Also it to 00 p. M. , the fed is going to release its beige book also at 2 00 p. M. , the fed is going to relea
Jimmy here i come franny, dont let daddy beat you [ screams franny jimmy ill get you next time lets start the show steve tonight join jimmy and his guests Queen Latifah, Pete Davidson and judd apatow, musical guest james taylor and the legendary roots crew its the tonight show at home edition. And now heres jimmy jimmy hey, everybody welcome to tonight show at home edition. I want to thank alexpresley on tiktok for that back slide race weve been doing it and its really fun at the house. All right, lets do tonights monologue. Wind me up, barber. Its time for the monologue jimmy hey, guys. This weekend is mothers day but because of the pandemic, hooters isnt offering their annual free meal for mom im sorry, honey, kids and i are going to try to make it up to you well make your day special still, dont worry well, its our eighth week of quarantine and i heard that some people are trying to relax by turning their homes into spas. Yep, you just lie facedown, turn on some soothing music, then
Traders are concerned about the swelling global glut and the lack of storage. The skies are darkening over japan as the coronavirus bomb the dimmest view on the economy for a decade. We have that this hour. Shery breaking news at the moment. We are hearing from treasury secretary mnuchin saying the u. S. Has no current plans to create a Federal Reserve facility to inject funding into nonbank or gauge servicers. This of course as we have seen recent government moves to help the firms get through the risk of borrowers missing their mortgage payments. Again, treasury secretary mnuchin saying he has no plans for lifeline. Lets now bring in our congressional government reporter, emily wilkins, on the line for more on what we heard from President Trump as well as Vice President pence on the latest efforts when it comes to handling the impact of the coronavirus pandemic. Emily, so secretary mnuchin saying that he has no plans for mortgage servicer lifeline. He says the steps are taken by agen