Just three points higher, but that means we are at another record high. Fancy that. Lets dive deep into the action. Abigail, what are you watching . Abigail ive got bonds on my mind. We have stocks higher on the close and on the week, another weekly gain, the fifth in a row for the s p 500, the longest winning streak since early march, so clearly a riskon tone, but confirming it is the problem we are seeing on bonds. A significant back up over the last five days for the fiveyear yield, the most in more than a month, and the 10year yield, the most going back since september, and that was the biggest move up for yields for that 10year yield going all the way back to 1962. A representative from bank of America Merrill lynch reppert recommended shorting fiveyear futures. Hes been bullish and bonds, but recently, there has been a trend break. He has been supportive of the data from the ftc, net positions going back to 2004. He is making the case that in 2019, you have the positioning gettin
Me if i fixed it. Just leave it this way. I dont consider myself a journalist. Nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . You are seen as somebody who has said there might be a chance of a recession at some point. Do you see any a chance for recession in 2019 or 2020 . Ray i am big on principles. I think it is important to understand how the economic Machine Works and so i want to take a few minutes and get into the important things that pertain to a recession. A recession, whether there are two negative quarters of gdp, we will be hovering fairly close to that level, but the bigger things are a combination of the absence of effectiveness of central bank policies. I hope we can talk about those, together with the wealth gap so when the next downturn comes, what that will look like socially, political
Coming up shortly, we bring you an exclusive conversation with the ceo of Goldman Sachs, it David Solomon. He will join us and give us his take on the banks involvement in the aramco ipo. Let us talk about what is going on in the markets. This is the picture we get from the futures. Cac futures pointing higher. U. S. Futures also suggesting they are moving to the upside on the equity story at the moment. Let us think about where we have at anrom the dow alltime high catching up with the other u. S. Benchmarks. Global stocks up 19 year to date. The trade story is once again guiding the narrative. The Asian Session has been dominated for the most part. Broadly, the narrative around trade is news out of the u. S. And china and that there is as urge going on for a venue to sign phase one. And the discussion of the rollback of tariffs. Some of the emergingmarket equity market going higher and we are seeing money coming out from the yen as well which goes hand in hand with the risk on story.
Bonds and six of their children. Tonight we ask a congressman what will be done about this horrifying case in particular and the crisis at the border in general. 22020, Mike Bloomberg facing a key deadline, 6 00 p. M. Eastern time for the alabama primary. I am in for elizabeth, the evening and it starts right now. To the latest development on the impeachment inquiry and more on phase one china trade deal. Hearing this live with the latest. Republicans are filling their bench as we move into the public hearing phase of this impeachment road. Congressman jim jordan moved to the Intelligence Committee so he can be one of the republicans to question witnesses that they are going to bring forward. The gop has until tomorrow to submit their own witnesses to the majority to be part of the public hearings and until then, we are getting transcripts to going out from depositions. The president saying today hes speaking about turning over a second transcript from an additional phone call he had w
Investigation and then the lawyer for former National Security advisor Michael Flynn all that right here and right now on sunday morning futures. All that coming up but first democrats are forging ahead with their impeachment inquiry invit ing more Top White House officials to testify this week, behind closed doors. Just after the house vote to formalize the inquiry on thursday and this as recent poll s show americans are split over whether to impeach and remove the president. Take a look at the new fox news polls showing 49 of people support impeachment and removal compared to 41 who oppose it, want to bring in former white house chief strategist steve bannon the host of the new syndicated radio show and podcast and it is great to have you. Thank you for having me. Maria thanks so much for joan ing me, steve, congrats on the podcast but first your reaction to what democrats did on thursday this vote to move it forward . Well here is what happened you got to go back in time. The fever