Sector trading higher and you also have the tech sector higher , both up more than 1 . You want to see those financials and Industrial Companies take the lead and that is exactly what is happening today. Another way of looking at that is the reopening trade is doing well, even as this years defense is holding its own. David the one thing that does not move at all our bonds. It seems like the fed has nailed those to the floor. Abigail it is amazing that we have had bonds trading in this range. It does feel that the fed they have even said they have nailed them to the floor until 2023 unless there is a risk off scenario that would cause a bid to bonds, which would mean yields would fall lower. You may see yields hang out in place. It is interesting, your point is proven today because you have the major averages up more than 1 , up for a third day in a row and yet bonds are basically flat. On a day like today you would want to see bonds selloff. That could also signal anxiety around the d
A lot of folks thinking it was over and done. Ck upof those sto sharply. Nothing is changed for these companies. What is changing as investors saying we have gone too far, too fast, so now we are seeing a pullback. Again,take a look at the we are seeing a pullback. If it is a fearful look for stocks, you can see those haven assets rallying. The point wisely yesterday. What is going on with softbank . There is a Financial Times report that what triggered this is they went big and some options on big tex. Abigail that is an interesting point. I do not know if it has to do with softbank, but theres been a lot of unusual options activity where you have folks buying shortterm call options. That is expiring this week, next week, betting that after the huge move up, the nasdaq up 80 from the march lows come after that it will go even higher. Some thinking that is not so stable. What we think because of all this is it is technical selling down to the 50 Day Moving Average. If the 50 Day Moving
Also, an update on congress a reliefo pass package. Also we will take your calls, and you can join the conversation on facebook and twitter. Washington journal good morning. As monday, august 10, 2020. Election day and one week until the start of the democratic convention. It is crunch time until joe biden will announce who will join him on the democratic ticket. Will open our phone line to democrats only get your thoughts on who joe biden should pick as his running mate. Democrats in the eastern and central time zones can call in, 2027488000 democrats in the pacific timezone, 2027488001. You can also send us a text. Andse include your name where you are from. Also catch up with us on social media. cspanwj. Democrats only can start calling now. We hear from you about which woman should appear with joe biden on the democratic ticket this fall. Phone lines are on your screen. Cnn editor this from at large his final Vice President rankings, his top five on the most likely picks are. Numbe
As American Leadership is crucial in bringing the world out of the shadow of covid19. In advocating for American Values, defending human rights, transparency, and Economic Freedom and seeking to ensure a more secure, stable, and prosperous world, where democracy and freedoms are able to flourish, we are all working towards that end. With that in mind, i wish to again thank our nominees for appearing and your willingness to continuing our nation. Today, this committee will consider the nominations of six individuals to represent the United States of america. The nominees before us are mr. William, doug douglas, to serve as the u. S. Ambassador to the commonwealth of the bahamas. Higgins to be the u. S. To the republic of burgundy. Ms. Jean maloney to be the ambassador of the kingdom of s bikini. Mr. Michael mccarthy to serve as the u. S. Ambassador to the republic of liberia. Singh toable monisha be u. S. Representative to the organization for Economic Cooperation and development with t
250,000. Assuming negotiations continue and a deal happens maybe in a week or two weeks, i assume all of these executive orders become null and void . Mr. Navarro if congress solves the problem, there is no need for the president to take executive action. Ok . We will see what we get. Here is the point lets not go there. Lets go to this. We have four actions President Trump has taken that will help workers, the unemployed, renters, homeowners, and students. Students who have student loans. What we need is a sincere negotiation. We have to believe both sides actually want a deal, and there is this theory, chuck, that the democrats would prefer to see the economy go in the tank for another 90 days, because that harms the president. I hope that capitol hill has not become that cynical, but watching this negotiation makes me wonder. Because we have been willing to bend. Chuck i take your points. Mr. Navarro we have been willing to bend. Chuck i think he has a reputation of killing more dea