Very good morning and warm welcome to you on Worldwide Exchange kicking off now on cnbc. Im wilfred frost with kayla sitting in for sara. Good morning. I like that youre playing the weekend music. Gets you in the mood. Even though it is 5 00 a. M. It is basically the weekend. Lets see what the markets are doing now. U. S. Equities open lower, gained traction throughout the day. Finished about a quarter of 1 higher. This morning, pretty much bang on flat in the premarket, s p slightly in red, treading water ahead of the jobs number which comes later today. All eyes on that and the implications for what it means for possible fed rate hikes. Lets look at the tenyear note, what is the bond market doing this morning. Were bang on 108. We just have come down on the yield. Seen a little bond buying during the course of the week, close to 1. 9 earlier in the week, now at 1. 8 . Everything rests on todays big market story, the u. S. Employment report, forecasters say the economy likely added 15
The Syrian Government position has been absolutely cooperative on every step. Many players in the region of the world, but it is 10,000 years old. It is the oldest continuously worldd city in the because the Syrian People are resilient. Syrian syria will again be the pride of the world. Ahmad thank you. Yes, born and raised in lebanon. I can tell that you know what i am talking about. As said, the lebanese government found him guilty and charged him with four years in prison. We have the phone calls. There is no houses zero, no phone cover. The lebanese government was right up by the syrian refugees. What do have to say about that . Dr. Shaaban you know, i wish you could be constructive. There here to talk about Global Alliance against isis and al qaeda and al nusra. Youre bringing up something that you think is embarrassing to me, but nothing is embarrassing to me, but is something irrelevant to me. Thank you. Excuse me. Security. Security. No, no. Do not interrupt. Just a second. No,
37. 86 the quote there. The ten year note, right there, hovering just below 2 at 1. 9. Lets get to Steve Liesman. For a meeting, not much is supposed to happen, were looking for a lot to happen. Were looking for signals about rate hikes. Smoke signals, verbal signals, hand signals, some kind of signal about where the fed is going. Fed expected to stand pat today. Let me look at the keys to the Federal Reserve here and the statement that is coming out as well as the press conference. Looking for something of an upgrade to the economy. Perhaps the risk becomes balanced again. Remember in january, in the statement, the fed said it couldnt judge if the risk to the upside or downside which way they were because of the uncertainty in the global environment. Does it drop those Global Concerns from the statement . Were looking for the fed to bring down its rate forecast, the average fomc member looking for four rate hikes this year. The market looking for two or even fewer than that. Well see
Though she is heartened by the strong employment numbers on friday. And expects over time inflation to be back to 2 target, but shes in no particular hurry. The real risk because of china and slack in the economy, the real risk for inflation is to the downside. Stan fisher not speaking directly on current monetary policy. But does he drop this one element here saying he has seen possibly the first signs of an increase in inflation. He goes on to an even more academic speech where he says the natural rate or the equilibrium Interest Rate may rise only gradually. Rates will remain low by historical standards to the future. He said Central Banks have options at the zero lower bound, pushing back against people who say that Central Banks are impotent now given were at zero an used qe at negative rates. The fed he says may face more instances of zero rate conditions given that underlying growth is lower. Finally, he says stabilized Energy Prices will ultimately show that Lower Oil Prices ar
Sanctions and the removal of Russia from SWIFT have not deterred the Russian economy. A recent report by the International Monetary Fund (IMF) predicts that