We are just crawling back to flat on the nasdaq. P half a percent. Big moves in treasuries, if you can call it that. Except two basis points on the 10 year. The dollar index relatively unchanged, although other currencies have seen strong swings against the dollar this week. The mexican peso stronger by. 4 . Yen also stronger but are 3 . Lets stick with treasuries and the relatively large moves this week. The industry has more than 12 trillion of assets but record low yields on treasuries are causing a problem for the industry expected to deliver annual returns in the high Single Digits. For more on the subject, we welcome brian chappatta. It seems like maybe once upon a time but right now nobody has an expectation of high Single Digits for their 401 k s or Pension Funds more general. You are not getting it in treasuries. When i was talking about pensions staying away from treasuries, the 30 year bond yield was at 1. 4 . Morning, 1. 24 this which is rare in the fixed income market. Tre
Having a free and Fair Election without external intervention, even when both sides were perfectly wellprepared to play by the rules. We now have a situation before the pandemic hit where that is much more problematic, where issues of saying there is voter fraud happening, impersonations, you should not be doing vote by mail. All of the president s all of the measures for a president who is well behind in the polls but has the ability to shape the outcomes of the way the election is put together. In the Worlds Largest economy, the idea that the election will be contested and half of the population will think it is rigged even before the pandemic hit, we thought that was the single largest risk affecting the markets in 2020. Of course, the pandemic makes this a lot worse. Inid it strikes me that 2016 most of us were not thinking about the election being contaminated by social media disinformation, russia trying to intervene in the election. Now we know what happened. We have much better
Trading behind the hottest commodities with the smartest voices in the business. We kick it off with spot on, our take on the big story and we focus on the commodity rout. The bloomberg Commodity Index rebounds thursday after after hitting a threeyear low and our Bloomberg Team has you covered from all the angles. Mike, lets start with you, gold able to break out of a 1500, it did not hold that level. Is it topped out . I dont think so. To 1700. Is to get you said earlier in your show, a six year high, that was 2013, the big collapse and , the high was 1700. Alix it tracks a must take for tick, what is that mind telling you about where yields will go and why gold is a safe haven . Down. I mean, this is not the first place you want to list a yield in the bond market. The trend is your friend. It is clearly lower. With copper and gold and that trend heading down and yields heading lower, i dont know what it will take to stop that. It might be a speed bump in the short term. Alix does cop
Comprehensive review in what is now the fifth deadliest fire in u. S. History. Fox weather correspondent max gordon has more for us. No official reason why the fire started, the finger is being pointed at hawaiian electric. They kept electricity on amid high fire and wind danger. They are focused on restoring power in the affected areas. The governor of hawaii ordering an investigation into why the fires started. Take a listen. Ive authorized an extensive review. We will build back together and find out what we could have done to prevent such loss of life and bringing the government to alleviate suffering. The local government here limiting access to the town of lahaina, devastated by fire, saying it is unsafe and they are recovering bodies, in one case, entire family of four identified as victims. Curfew is in place running from 10 a. M. To 6 p. M. With access limited to residents and people with hotel residervations. Buildings were destroyed, many houses, so many people without homes
This is the Ingraham Angle from washington tonight. As always, thanks for being with us. Its open season on americans. Thats the focus of tonights angle. Now, do you ever wonder how things got so crazy . Like, how is it that a sitting u. S. President presides over the invasion of america by several million illegals, yet for years the media let him off the hook . Only now starting to Pay Attention after democratrun cities were overrun and innocent americans murdered like laken riley. Campus is really heavy right now. We are all heart broken. I want to use this time to tell you about laken and all she was. Its so obvious to me why it feels so dark right now that is because we lost one of the brightest lights there has ever been. This campus and our sisterhood will never be the same without laken riley. Laura heart break. Of course when the press does cover the issue its not to hold biden accountable but to criticize republicans. Republicans, obviously, seizing on this horrific tragedy at