Is driving the market. The credit fundamentals are deteriorating. The central bank has effectively crowded in. You can get spreads. Jonathan always great to catch up with you. We have a ton of supply from the treasury. The 30year happened. What was your interpretation. There was supply fatigue. What was your take . In the end, supply does not drive markets. It can have shortterm impact as supply has to get digested by the marketplace. Over the long run, the fundamentals are what will drive evaluation. At the long end the long end of the curve was a little overbought. There had to be concession to be supply into the marketplace. Over time, it will be fundamentals and we will be in a low inflationary environment. The fed is on hold for years. As a result, there will be demand for long treasuries. Back in late 2017, when the administration cut taxes, the yield on a tenure was 250. On a 10 year was 250 what will matter for the long and is inflation dynamics. Inflation picked up in the last
I am just enjoying the show. Thank you very much, everybody. We have some very interesting news. , a corrupt fbih attorney who falsified fisa comeys in james corrupt fbi is expected to plead guilty. You probably heard that. It just came out. That is just the beginning i would imagine because what happened should never happen again. He is pleading guilty. Its a terrible thing. Is, they spied on my campaign and they got caught. You will be hearing more. Today, the office of trade and anufacturing policy released new report on how my administration has harnessed the full power of the defense production act to achieve the greatest industrial mobilization since world war ii. China fight against the virus. New factories, businesses, and laboratories are being built to ,atch our demand for ppe pharmaceuticals, drugs, testing supplies, therapeutics and vaccines. Wehas been incredible what have been able to do in a short time. We are helping other countries also because we have been doing it at
We dont know what the governor is planning, we just got wind that hes going to be doing something on monday on that, it cant come a moment too soon in manhattan were there still ghost crowds, we are following other developments as well including the president , hes about an hour away from speaking to the nation, hes going to be heading to westminster over the weekend and visiting his brother who is in the hospital, we dont know much more about the details and whether the president or share anywhere details on his brother but we do know he is going to outline the latest on stimulus and where it stands and aware we have the executive action orders, we know as well that theres no one to take him up on capitol hill because no one is there, you look at a live shot at capitol hill where theres nobody live inside, the houses outcome of the senate is adjourned through labor day, if youre expecting any immediate action on stimulus, it is not happening right now at least if you want congressiona
Scandal. Government buildings are being targeted. 2020 race with less than 100 days to go to election day, major Bernie Sanders supporters say they cannot get behind former Vice President joe biden, former United Nations Ambassador Nikki Haley will join me on more on 2020 race. Bringing critical supply chain back to america. Assistant to the president for trade and manufacturing, pete navarro with big announcement coming up plus latest tensions with china. Folks on earnings this morning, we will hear from 3m, mcdonalds. Jetblue among the names reporting before the name this morning. Futures searching for firm direction, we are expecting decline at start of trading, dow futures down 75, nasdaq down 40 and the s p lower by 8 and 3 quarters. U. S. Markets kicked off the week with gains yesterday finishing with near session highs as vaccine trials moving forward. Dow industrials up 115 points and nasdaq up 173 and s p higher as well, covid19 slamming the sports world meanwhile days into th
Survivors of the massive beirut explosion demand answers as they mourn their losses. Were in lebanon with the new information on the blast. And Michelle Obamas candid comments. The former first lady speaks about her own Mental Health struggles and the pandemic and racial strife. First, heres todays eye opener. Your world in 90 seconds. It will go away. Thing goes away. Absolutely. Its no question in my mind it will go away. Chicago Public Schools will start the school year with all Remote Learning. The fact of the matter is, we are seeing an increase in cases. Investigators probing that massive explosion that tore through beirut. Teyre focusing on possible negligence. It was a nightmare. We felt that for the first time. A wedding photographer captures the exact moment a massive explosion shook beirut. Lawmakers have yet to come to an agreement on the next Coronavirus Relief bill. Well sit and work and work until we meet the needs of the American People and get this job done. Millions a