With a pan come up with a plan. Does actually get through congress . , i dont think it does. I think it is very little chance of getting through the senate. That is one of the many reasons why i remain with my 10 likely to have a stimulus deal before the election. This is just not going to happen. The parties are in four different places dependent on which faction you are talking about, all the way from zero to 3. 5 trillion. Theres no time to come around to something before the election. Guy who does this work for . . It clear he doesnt work for the American People if we dont get a deal. If nancy pelosi can figure out a way to get a deal with the white house and have it blown up for mitch mcconnell, is that something that works for her politically . Terry i think it doesnt work for her politically. You have to understand why she is where she is. Once upon a time, it was magically 3. 5 trillion or forget about it. Then all of she came down over 1 trillion under pressure from her politi
7. 5 . Is up more than a test flight about to get underway. The 10year yield, 64 basis points. Lets get a deeper dive into the market action. Kailey i want to take an outside view. This is the fourth consecutive day we have moved to the up or down signed by more than 1 on the s p 500. We have not seen this since back in april. Look at where we have gone in the past 21 trading days. 3 . Y more than 6 , down by now we are essentially flat over that time period. I want to focus on todays session, you mentioned it is the dow outperforming, up 1. 3 . That is largely thanks to boeing. Boeing is up nearly 8 today on approvedafter the faa a critical set of test flights for the 737 max. This is not just good news for boeing and the potential recertification of that jet, but suppliers as well. You see the likes of raytheon and General Electric higher as well. Iifting away from equities, want to look at fixed income. We are quickly approaching the end of only one day to go. We are looking at the
Lets get to some of todays news from our washington and new york teams. I want to return to trade tensions between the u. S. And trump president responding to questions on implementing the phase one trade deal amid the coronavirus pandemic. We signed the deal. I heard that too, they wanted to reopen the talks to get a better deal. China has been taking advantage of the United States for many decades because we have people in this position, sitting in the oval office that allowed that to happen. I am not interested. Alix Kevin Cirilli joins me now. Walk me through. Kevin good morning. This comes as the president has increasingly attacked china politically speaking, and raised questions about chinas response to covid19, including Senior Administration officials. From an economic standpoint, the president saying not so fast as it relates to u. S. China trade tensions. Democrats with the newest round of economic stimulus, i spoke to the undersecretary of Economic Affairs who said the Unite
If you bought it at four, thats the problem inflation wise, youre not necessarily down with inflation falling. You no he know what im saying youre going to make money because eventually theyre going to come down. Thats what i dont understand f youre telling me right now this isnt a good deal, youre telling me that im going to be able to get the ten year. Im telling you two things. Youll get your principal back and it is part of any diversified portfolio to have a large part in bonds where you know youll get your principal back thats all i can guarantee you. Year. 2 years from now, if rates fall and inflation goes down, wake up at 3 and you lock in higher rates, they always make a mistake in the bond market. Back here is what i was really thinking, i was asking experts about this this morning, we are getting into hazy territory because we are going cross discipline here. Im looking at 4. 4 and im thinking isnt there a 4 rule for 401 k retirement . At what point do we go to the territory
What higher for longer means with Interest Rates. We had conversations yesterday that to me were troubling and i started to think about things. It was transitory. The supply chain part. Transitory. There is maybe an underlining rate of inflation that is higher and it is harder to deal with and it has to deal with crude. It reminds me now it is supposedly not like the volcker era. Wages and unions and workers demanding more. The wage price spiral that picks up and higher wages. Thats what the fed is watching. We paused and only to restart. It was not putting a stake in the heart of it in the first place. A little bit stays and it comes back and you do higher. Stop again. It was the stop and start of the 70s which is what happened. Is that happening again . If you look at inflation in other parts of the globe, it is higher. The uk is operating at 6 . They dobnt have the dollar. That bugs me. 3 . South america averaging 30 . It used to be higher inflation. How many is a candy bar in zimba