20 at 35 its the highest in the industrialized world at 20 were on the very low side, so well be very competitive. You look at china. Thats 15 other countries are 18 and some are 23 , 24 the average is actually of the primary competitor is actually 23 . So well be pretty much below the average, and well be able to compete, and despite all of that and despite before we even get this massive injection, we have a stock market that has hit record highs, 81 times since our election victory 81 times its at a new high right now unemployment is at a 17year low. Very shortly its going to be at a 19year low. We think the numbers are going to continue to go downing and we are also getting into the pool of the 100 Million People that are not working. That pool is now coming back as you know, thats not considered in the low employment numbers which means we have a lot of people that want to get to work and that will be working. Consumer confidence is at a 17year high weve created nearly 2 million j
Opposed it will get reactions from our correspondents in washington and jerusalem also coming up counting the votes in catalonia as crucial election and michelle exit polls are predicting another absolute majority for the regions approached independence parties what would that mean for madrids hopes of putting to rest months of political crisis. I bring coffee its good to have you with us we start in new york tonight where the u. N. General assembly has overwhelmingly passed a resolution asking the United States to withdraw its decision to recognize to roussel him as israels capital and an emergency session on thursday one hundred twenty eight of the one hundred ninety three Member States voted in favor of the motion with only eight countries voting with the u. S. Thats despite a threat by u. S. President donald trump to cut u. S. Aid to countries that backed the measure palestinian president Mahmoud Abbas held the decision as a victory for his people. And for more on that now we are j
Stocks have added to gains since all of that news started to come out. People asking whether fridays low was the bottom joe, what do you think is it going to hold . I cannot give you the answer to that thars a good thing secondarily, the fact this is just an equity correction and not a portfolio correction doesnt present the risk to global synchronized growth thats very important. Is the worst over yes yes. That doesnt mean that we dont test it. What we see when we see a big spike is significant spike like this one we shorten the time frame because of the speed i dont think we go back there ill be surprised if we can push back into the low 30s because were not just with moves like today. Youre 1. 4 . Youre not in the 30 volatility range. In other words, i think a lot of folks that needed to get protection grabbed it last week. Some at really bad prices. Some hopefully kept their hands in their pockets and didnt make the bad decision youre a buyer of stocks and a number of different one
Points s p sitting at 60 or so points above its low. Were watching a whole bunch of Different Levels today notwithstanding the bottom right hand corner, thats the yield on the tenyear note, 2. 85. Its been higher than that today. That, joe, seems to be the focus of attention that level about a fouryear high as it creeps apparently ever closer to 3 . Yes and i think the market right now has this paradigm shift where we are going from remember the new normal, everyone was talking about the new normal were going back to the normal and i think thats exactly what the markets right now are trying to understand. Were not really going to get any insight on fed chair powells feelings about the market until he goes before guess and the senate i think he does that february 28th and march 1st we need some certainty what is he fighting is he fighting what other fed chairs over the last couple of years have wanted to fight, which is deflation, or is he now fighting inflation we dont know what hes fi
Pulling out of correction territory adding to fridays gains following the worst week weve seen in the markets in two years. Christine lagard weighed in from the world government summit in dubai. You compare valuation, you know, from a week ago, theres been a Market Correction off anywhere of 6 to 9 which frankly given where asset prices were very high, its in our view a welcomed correction. And we have observed suddenly despite the volatility the market channels and pipes and mechanisms have worked well. And we also see the financing is still plenty and very much available for the financing of the economy so, you know, corrections happen they were due to happen. And thats where we see it for more, joining us at post nine is citis chief strategist tobias letvowich we have a lot ofthings happen i think the markets were ahead of the skis. Its the olympics. I have to use the winter application. But, look, the sentiment we saw, they have been showing us that euphoric levels have been in pla