Ceo bristow, they were gold is super outspoken, so always fun to talk to him. For more on the stimulus measures, lets talk to greg valliere. Your take on the executive order that trump issued, where that leaves stimulus conversations in the u. S. Greg the talks are dead, maybe a resumption later in the week. About whetherions the states can contribute to this, whether it is legal. The legal fight could drag on for a while. Democrats and others feel trapped right now. They cannot be portrayed as suing to stop aid to people, so all parties have a reason to resume the talks. Guy did nancy pelosi make a mistake . She has a reputation for being a good negotiator. How did she end up putting herself into a corner like this, do you think . May fore had a bill in 3. 6 trillion. I think she overreached. I think she didnt realize trump would try to do something through executive action. Now she is in a bind because if she sues, those people will be portrayed poorly. She may not have calculated ve
Back of this. They decided not to go with the hawks. Hes always been on the precipice, he decided to stay with the pack. Despite that, because of the fact we have a majority talking about stimulus over the next few months, a reduction of stimulus over the next few months, sterling is big. It has been reasonably well bit coming into today. Not news that the bank of england is saying that the market is underpricing the future Interest Rate rises. Once again, reiterating that line. Why do you think that is . Will the bank of england followthrough on the kinds of things its talking about now in a few months . Guy everyone i talked to says rates are rational right now. We have an 80 probability that the bank of england will deliver a hike in february. 50 in november. The bank will execute on a hike fairly soon. Everyone says that kind of makes sense, but then you have a whole conversation about why its never going to happen and the bank of england is not going to be in any hurry within the
Quarter progressed really hit the company among all these retail concerns. Joe an ugly day all around, Consumer Staples losing, Consumer Discretionary energy being one area that was positive. In looking for companies or sectors that did not decline, take a look at that xle. Oil and Gas Companies make up the only sector that did not drop. This was along with oil prices. Also, Transportation Needs seemed to decline. Shipper reaffirmed its guidance, but Rising Oil Prices ending t demand, improve their oil barge business. Joe in the Government Bond arena, weve been watching a spread between the two year and year at its ten flattest level since late 2007. 210 spreadsheet continuing to flatten out today. Data, thehat cpi housing start pushing the dollar firmer against the yen. Perhaps a sign that investors are cutting back on negativity surrounding the dollar. Joe on the commodity front, we mentioned Energy Stocks. One of thing down today, milk prices. This is good news if you like serial, d
There already helicopter money in the markets . They are buying so much of the debt already, pushing the maturities out. Are they really financing stimulus . Deciding many years ago what theyre going to do. In mike will bring with with his interview Esther George. Her outlook for inflation. You have to focus on inflation, jon. Jon lets get you up to speed. Teachers marginally negative, down. 2 in the u. S. A soccer session in europe with the ftse down. 25 . Soccer session in europe a softer session in europe. The bloomberg dollar slightly softer. Covering the bond market as well come a quick look at commodities, the index coming in just a little bit. It is very much a Federal Reserve story. Alix a risk off day, little bit into friday. Lets check in with our bloomberg team. Matt boesler on janet yellen. Onon clark in tokyo helicopter money coming to japan. With investoryde confidence 26 hours to go. What will be here in the next day . We hear in the next day . How its interesting that f
The beginning of the day. Bounced back and it ended with a mixed day, but it was bigger at one point. Alix compared to the last three days, we saw the s p 500 move by about 1 . Digging deeper to what we have seen in the stock market, i have a chart for you. The s p showing the equal weighted index, the orange line is the s p and they are normalized and can see that the index is starting to outperform. This is a 2012 hi, that shows you that the market is expanding. And on the downside and the upside commit things moving more together, versus one or two stocks leading the rally. And for perspective, since february 11, every stock in the index is moving higher. This gives you a sense of how ferocious you can see the rally on the upside, that is why we have seen these trends in the last few days. Joe and a quiet day for the debt front, we saw modest increases in the two year yield and the 10 year yield. The two year yield near 0. 7, still pretty low, not very far off from the february low.