The yield down below. 6 last time i checked, it was at 0. 597 dr. Fauci saying the first human trial testing for a covid19 vaccine is now on track calling it the ultimate game changer but that public distribution is still 12 to 18 months away. President trump was asked if the stom pile of personal protective equipment was nearly depleted. We are sending it directly to hospitals. We dont want to take it before it gets there. We asked many states to do this. Many states have people or where they make clothing, we said see if you can get it directly from those manufacturers. The president considering halting flights to hot spots in the country, which would be a shift in this batter and also potentially have an impact on when and if the economy will return to some normal si in the meantime, total death numbers have topped 5,100. Confirmed cases have topped 200,000. In new york, topping 81,000 cases. In italy, the lowest daily death toll the new number of active cases declining. The hate he
Along with mandy in for sarahizen. Good morning, welcome. Fantast took be back here in the united states. Its great to have you with us, mandy. As we said at the top we did close at highs for the week. Friday was a decent day in markets. We had about 1 of gains. The s p somewhere in between. Fridays performance very much led by the financial sectorer. They received a deregulatory boost. But it was a broad positive perform ps, Consumer Discretionary was in the negative as a whole. Fridays gains bulling us back from the week. Its had its third negative week. The 10year freshry note in and around 2. 4. We now said 2. 45 . And with chooens services continuing to grow but at a slower lace. Slipping to 53. 1. Lets take a look at the closeb nothings. Up by he have fein of a and the Ang High School tum the only market in the red, australia. Down only slightly 10 base s points. Because im not there boosting all those shops. Er for weve got sitting flafly if just lost a little bit of steam over
Trading days of the year. Well see what happens. The dow is up 21 right now. Warren buffet telling cnbc this morning he doubled his holdings in apple this year. Is it too late to follow his lead . Well debate it. After the bell, who will President Trump pick to sit on the fed board. Jim grant will tell us exclusively. Some people in the past have suggested maybe mr. Grant would make a fine fed governor. Fun take on the subject. Looking forward to it. Lets start with the news out of washington today. Eamon javers back at the white house and ylan mui is at our washington bureau. Eamon, a surprise appearance at the press briefing. Reporter yeah, thats right, bill. We had a surprise visitor. It was Mick Mulvaney. He said the president is going to coming up with massive spending cuts in his budget which will roll out in the next month or so. The spending cuts we see, even though hes not detailing them specifically now, will seem awfully familiar to those of us who followed the president ove
Tom a swing back to rates and what were looking at. Youre aware the United States has a jobs report tomorrow. We call it super friday. Francine only the most important piece of Economic Data probably in the world apart from china if we see a slowdown. A little bit of news from retail sales. The e. C. B. Is meeting march 10. Increasing some 2 . Put that against the weaker than expected inflation and some pretty dire Economic Service data from the u. K. Tom the german yields, we will get to that and a data check as well. North korea has shown what it thinks about the new United Nations sanctions. Hours after the Security Council approved more sanctions to punish the country for a nuclear test and a robert launch, north korea was at it again. It test fired short range projectiles into the ocean. Investigators are examining debris they suspect came from that missing malaysian jetliner found in mozambique. A person familiar with the investigation says it appears to be part of a tail from a
starting to bite, and that could be reflected in the retail jobs or maybe there s some reason, sequester talk, all kinds of things happening in the economy, europe, that people are feeling less confident and that s translating into fewer retail jobs. there s something called the underemployment rate. 13.8%. slight improvement, still too, too high. that s the number that people call the real unemployment rate. that s people who aren t working or are working part time but would like a full time job. even if housing, the stock market, the economy technically recover, until you have that number down and more people enjoying it, people aren t going to believe the recovery. they re not going to feel great if they don t have the job or income or the benefits they need because the money that would otherwise be in the economy is being spent on necessities. joining us is the chief economist in chicago. muhammad alarian, one of the largest investors in bonds, and steven moore, editorial board