Boris johnsons plan to suspend parliament pits the critical legislature. Fears of no deal rise on the continent. Obviously, the no deal scenario is today the most likely scenario for the u. K. Anna Giuseppe Conte second chance. The democrats and fivestar seek to avoid a snap election. Stocks are trading lower and treasury yields a slight ahead of a final reading of u. S. Gdp today. Dalyting fed a member mary says markets may be talking themselves into a recession. All of these moves will actually get ahead of the data and could become a selffulfilling prophecy, one that actually makes it harder for us to sustain the expansion and achieve our goals. A halfe are less than hour away from the start of european trading. Take a look at gold, touching a new sixyear high today. We have not singled this high since april of 2013. 46 an now trading for 15. Ounce. We see futures down. It could be a risk off session as we see traders run for the safety of the precious metal, the japanese yen, u. S.
Lets check in on your markets and see how things are doing in terms of yields. You can see the u. S. 30 year yield coming down further. 1. 96 . Yield at. 98 . R i feel like i must be seeing something wrong because that would be insane. It is actually 1. 47. Im sorry, italy, thats what got me off track. I thought i was looking at u. S. Treasurys, that would be nuts, dropping 50 basis points in minutes. That is the italian 10 year coming in below 1 . With stocks opening down and turning higher after we had some positive trade comments out of china. Lets get first word news in new york. We begin in italy, where conte will get a mandate to form a new government after the former alliance collapsed in chaos. The new administration will include the fiveStar Movement and the democratic party. Those rivals have little in common other than a desire to avoid an election. Country isa, the looking to extend maturities on over 100 billion of debt. They want to delay repayments to the imf after a col
3 today, and that is one of the most beatendown sectors in the entire world. Whenever it was, they liked the latest turn. Scarlet investors in u. S. Financials liked it even better. Energy at 3. 4 . Three sectors closing better than 3 on the week, materials, energy, and financials. I guess those were your rally stocks. Caroline good old fossil 2000, russell 2000, that, oo. What are you watching . This was a big week for the russell 2000, up percent on the week up 5 on the week. It is the exam performance and smallcap vs. Large since the president ial election. If you take a look at this chart, the ishares smallcap fund, it tracks the russell 2000. Investors have added 4 billion to this fund this month and it is the largest inflows since 2016. What investors say now is we will have to see continued outperformance were smallcap for this to true remarkable turnaround point. Abigail . Abigail perfect segue to the sport. This is the value etf, taking a look at the big inflows, the most in m
Get you back to flat the question is a recession ahead . Ray dalia was on cnbc this morning with some of his odds. Take a listen. Recessions are always inevitable the only question is when. Do you see one coming yeah, i think that in the next two years, lets say prior to the next election, theres probably a 40 chance of a recession. And i think that youre seeing this around the world. You know, big discussion in the last hour, guys, about what is going into some of these recession models, why some of high yield spreads are not confirming them, whether theyre based around the yield spread or more a lot of companies in tech are starting to catch a cold plant materials which i did cover last night as promised the numbers werent that bad they werent far off of what was expected but their memory business is in this memory slump and people seem to get a bit skittish about that we had cisco talking about how the uncertainty is contributing to their cautious guidance the scary music is startin
Ms. Roybalallard thank you for your patience and willingness to stay until 4 00 given the votes we had. We appreciate it. Today we welcome matthew albens, acting direct tore of i. C. E. As we continue to monitor the challenging situation on the southern border, we look forward. O hearing your perspective these laws need to be naggetted to increase security. Our own constitution, federal law and several International Agreements serve as the foundation for the rise in protections that need to be embodied in our efforts to address the humanitarian crisis we are currently experiencing. Unform, the rhetoric and the policies of this administration have made achieving that balance more difficult and by all indications has exacerbated our challenges at the border. We must be mindful of the limitations we face. We have barely cracked the surface of what the coast guard needs and to protect our interests in the arctic. It is an expensive option reserved for Public Safety and flight risk is a val