Closely. The treasury yields are probably the more important story were watching this morning. Lets take a look at that. Youll see the tenyear is yielding 1. 067 . Mike santoli point the twoyear at 0. 73 right now. Its been cut in half since valentines day. I think a lot of the push and pull of futures from when they opened last evening, are we going to get a surprise rate cut . Weve had Central Banks around the world comment on that. Its been stunning considering bond yields were already very, very compressed coming into this weekend and now weve just stretched the new lows. At one point 0. 69 , that still stuns me for the tenyear. Weve been continuing to watch these numbers drop rapidly this is the story people will watch closely. We should point out, stocks in shanghai surged overnight on speculation that authorities will stimulate the economy soon. As mike mentioned, theres talk of potential coordinated central bank move. Thats something our guest host talked about on friday, an op
Erased but futures have jumped back into the green. Jim, we know its going to be another crazy week, very hard to predict. So what is your tell this week i thought the advice we got from friday ended the teeth of it but if the market is up, were still oversold and thats what you got for it but i dont think theres much that you want to buy i think youd rather wait until it goes back that swing, at 3 30, the futures were up 80, it was crazy, but i think what matters is that there are a lot of people, the feds will take action today and i come back, peter bachvar was on with dominic chu unless the fed can create a vaccine or beat the virus it doesnt matter you said on friday this is a biological crisis. Not ultimately it could i dont think it will turn into a liquidity crisis, for a state at home economy and when you have a Service Economy like we have, you get an upgrade for darden, for instance, last week, Cheesecake Factory are you kidding me anybody anywhere theres a gathering is goin
And all the input your b w story. Now, on to the, [000 00 00;00] the russia home to the worlds biggest natural gas reserves. The gas is needed, especially in europe. And to the end of the cold war, ushered in an era of Conflicting Energy dependencies and concerns. In the west. Youre giving the soviet union the heart currency and theyre using that to build up their military. And this is going to come back to haunt. Meanwhile, the 1980s, march, the beginning of one mans extraordinary career. As a case of this stuff, you have to be able to manipulate people because it has no such a single stomach. You should be good. Gas is one of his 2 main tools for coersion, for leverage for influence. Soviet traditions continue golf oil and gas dependencies as a political weapon was par for the course, and the warsaw pact company, one of the worlds most powerful men, history teacher, equally wielded. Whats probably his most effective weapon. With the help of gas problem, Vladimir Putin has implemented
Recent data at the time suggested that this process would take longer than they had previously expected. The readings did not increase the confidence for cutting Interest Rates. Although the fund rate was seen as restrictive overall, many were uncertain about how restrictive it actually was. They did discuss the possibility that the rate may be higher and higher rate may be less effective at slowing the economy down they have been at the past. They saw the lack of progress on inflation, increasing goods and Service Prices across the board. There was a debate. Some saw this as residual seasonality. We did discuss a lot. Others on the increases as broadbased. There was also a dub discussion with they said the easing of the labor market would be seen reducing inflation in the in the coming months. They did discuss cutting rates at the labor market did get weaker, onyx unexpectedly. The numbers saw consumption growth showing. Once again, this was after three lousy inflation readings before
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