279 points looking at the treadsrys the 10year is at 0. 77 . That is nuts especially when you start to look at where we were a handful of months when people were talking about a 3 as rates go down cheaper this is such a panic move. Is it forecasting a Global Movement the problem is that everyone was worried that stocks were overvalued the problem is there is no way of gauging what the effects are. Everyone at this desk could have started throwing stocks at the wall people are going for safety and quality. These are panic moves im not sure it is unwarranted people will sell off first and panic later. Theyll say im looking out for a year or two or three thats probably what well reassure now can stocks bounce off the previous lows of 12 i think the market has to recalibrate to digest the lower yield and the market sitting across the table, stocks dont often bottom on a friday but the fact that everyone thought they werent going to bottom is the chance that they werent going to bottom. Bef
At 1. 27. We hit the record low and we are sinking. Aboutl speak to kumar where he thinks this could be. And to be vicks future curve is in backwardation. Its elevated right now at 32, getting into the danger zone. 46. 40. E oil at the 10 year yield is actually off the chart. Guy off the chart is how these markets feel right now. I think the action is shifting, what we are seeing in germany is 75 for the german twoyear right now. Bit,uro is catching a really a big move in the euro, its another currency against the dollar, is this the end of the dollar run . Is it no longer the safe haven . I suspect the answer is that it probably still is, but we will see. Arere down by nearly 4 , we in correction territory for the stock 600, 400 is a really big line, thats going to bring us belownto resistance with the major moving averages, and we are now below the 200 day moving averages. You can see this is down 4 . Kumar with us, joining us now from los angeles. Year issee the 10 making new lows r
Cruise passengers in japan has just ended. Cheryl live pictures of passengers landing, 1800 deaths confirmed worldwide, 71,000 cases confirm offed coronavirus, the flights had u. S. Passengers on board who have been stranded, one arrived in california and the second one in lockland, texas, the state department arranged the evacuation because those on princess were risk of exposure. 14 of those evacuees had the virus, they have been isolated from other passengers even on the aircraft. Devastating flights in mississippi, residents fleeing jackson and expected to overflow bank, governor declaring state of emergency as Law Enforcement officers went door to door to seek higher ground. Well, gm taking the off ramp when it comes to unprofitable market, wrap up production in australia and new zealand and sell plant in thailand, the move and most recent restructuring plant, this makes more dependable on the United States, latin america and south korea, they have forecasted a flat profit for 202
Were at post nine morgan and john have the morning off. Interesting setup here were approaching nasdaq 9 k very quickly tech, the best performing sector for the year hitting a fresh record high this morning joining us to day with his top picks in the sector for 2020 is our lead internet analyst. Mark, happy holidays good to see you. Good to see you, too. I want to get right to the large cap longs for next year. Uber is number one then you have two, three, four talk about it. Yeah. Im going to pitch it. Uber is the facebook its our facebook for 2020 it turned out of all the stocks, facebook is the best performer in 2019 because it whats so dislocated at the end of 2018. A lot of controversy around it i think thats exactly the setup or similar to the setup on uber now. We like it we think well see a clear path to profitability i think well see sustained growth in the ride sharing business and if they can fix that eats business, thats going to surge the outperformance and cause the outper
Americans are still spending and they still have the money to spend. David and they are optimistic. Mike not only did they hang in the numbers showed the lowest Inflation Expectation in history for consumers over the next five years, just 2. 2 . Whetheris worried about Inflation Expectations get on board. T makes the on board unmoored. For is something to look in 2020. Kevin now we are going to in los angeles. What were the principal takeaways . Kevin im not sure there were major changes in the dynamic of the race. Two things coming from joe biden. He was able to successfully contrast himself to Bernie Sanders on medicare for all. After the debate, i spoke with some officials in the campaign that said they were satisfied with that aspect of the performance. I would note how he talked about china. He would want to work with the united nations, a contrast with the current status quo. Now we go over to london. We have a new head of the bank of england. What do we know about him . Andrew b