Jack welcome to barrons roundtable where we get behind the headlines ever. For the week ahead i am jack otter. Coming up key data on the resilience of u. S. Economy as investors look ahead to the fed meeting and thirdquarter earnings all asked treasury partner Richard Saperstein on what stocks he is by now. It is now the time to buy bonds, yields looked tasty, the ten year treasury hitting a 16 year high of fiv 5 earlier this year expert panel will tell you how to play it. The transition to electric cars is not going so smoothly for some of detroits biggest automakers, we began with three things investors to be thinking about right now. Stocks sank by 1 as big tech earnings failed to impress, investors are now looking toward the fed wednesday meeting where its expected to hold rates steady. The second big oil merger of october is underway, chevron announcing it all by hess less than two weeks with axons deal with pioneer natural resources, should you add more energy to your portfolio.
Jack welcome to barrons roundtable where we get behind the headlines ever. For the week ahead i am jack otter. Coming up key data on the resilience of u. S. Economy as investors look ahead to the fed meeting and thirdquarter earnings all asked treasury partner Richard Saperstein on what stocks he is by now. It is now the time to buy bonds, yields looked tasty, the ten year treasury hitting a 16 year high of f 5 earlier this year r expert panel will tell you how to play it. The transition to electric cars is not going so smoothly for some of detroits biggest automakers, we began with three things investors to be thinking about right now. Stocks sank by 1 as big tech earnings failed to impress, investors are now looking toward the fed wednesday meeting where its expected to hold rates steady. The second big oil merger of october is underway, chevron announcing it all by hess less than two weeks with axons deal with pioneer natural resources, should you add more energy to your portfolio.
Pashakokis, both cnbc contributors. I start with jared bernstein. Good to see you. Hello, michelle. Yesterday, president obama touts this change by treasuries as a great thing, citing understandably one of the great things about america is its rule of law, but apparently missing the irony that by changing the rules in the middle of the game he has undermined the rule of law. How on earth can this be justified . Laws change all the time when there is a problem. I think the government this is not a law. This is just a regulatory change that has gone around congress. These are new rules on the books that have to be followed. If people dont follow it, they will be in violation and there will be actions. I think the important point here is that there are two very significant problems afoot. One is tax avoidance by industries who just moved their tax mailbox, not the operations, over to foreign markets in order to avoid the tax bill, and the other is a group of a small group of advisers who
Manufacturing is not the largest portion of the u. S. Economy, but we know it is a portion that has been waning as the services portion has been taking resident president precedent. We see the nasdaq slipping into the red. Major averages coming off the highs where they were when we initially opened up. The highs that we saw in the futures overnight, the dow and the S P Still Holding on to gain. We have also Seen Movement in oil prices. You can see oil taking a sharp leg downwards. There were not any headlines that seemed to be the catalyst. Certainly a drop in manufacturing would not be good for oil prices and we tend to see oil and stocks tracking together. Stocks coming down after we saw, oil to this leg downward. I want to look at the other assets we are watching. Gold prices have been on a run, up 1 up half of 1 . Investors have trimmed their interest in gold just a bit. This is the price of gold and this is the net long in gold funds. We have had inflows going back to earlier, thi
Holiday. Rising yen will hurt japan exports. Lauren oil prices shotoff 20 and 45. 52, looks like we have some profit taking going on. Cheryl 35 billiondollar deal fall ago part after opposition from regulators. Hughes throws in the towel. Lauren liz claman was there. Cheryl in nba playoffs. Golden warriors win without curry. We will have those stories and a lot more coming up. Lauren right now its 5 01 in new york. Its monday, welcome to fbn am, first look at morning markets, breaking news and what to expect for the day ahead. Cheryl we have, some breaking news this morning. A new poll finding donald trump ahead by 15 points in indiana. Nbc poll shows that trump has 49 support. John kasich has 13 . Both trump and cruz plan to hold rallies in indiana today. So far trump has won 996 delegates, cruz has 565, kasich 153. Now, on the democratic side, the same poll Shows Hillary clinton leading Bernie Sanders by 4 points. Gets 50 by the vermont senator has 56 . Close there. Sanders has 1,057