Since april and the first time in 47 sessions where it broke the streak of days where the s p hadnt dropped by 1 first time we have seen a loss like this in a while nasdaq was down 2. 2 that was the worst day since february if you look at treasury yeields, we saw action. The 10year treasury pushing higher the 10year is 4. 41 2year at 4. 19 . Andrew, we talked about the market blowing off the downgrade from fitch in the morning. Yields under pressure which is the opposite through the course of the day, yields did pick up a bit i know you have comments from Warren Buffett in a moment i dont know if this is a number of earnings which were better than expected, but some were weaker you have the report. That brought the expectation to bring more pressure on the fed to raise rates that, to me, is a much better rationale than the fitch report. As you know, my view is not that it is silly. It is important to say aloud the world is a relative place. If you downgrade the United States, you have
Lisa heading into a week of important inflation data and two of us are live in d. C. , one of us is in paris, and dani burger is a new york. Welcome to bloomberg surveillance. More on why we are all over the place in just a moment. Important week kicks off on wednesday with data releases that make solidify a narrative that has been flipping and flopping. Why wednesday is going to be so important . Dani wednesday will be so important because this market has decided that with the week data coming from the consumer, the week data coming from jobs moving in the wrong direction, if inflation does not also soften maybe well Start Talking about stagflation. Lisa that is part of the fear. We are in washington, d. C. Lets get to the why. And reorder, you have important annemarie, you have important interview with janet yellen coming up at a time when industrialization and the china u. S. Relationship is what every ceo and politician is focused on. What will be your focus . Annmarie we are sitti
The United States trillion dollar war has served its arch rival. I think the reason the americans are so surprised at the amount of influence iran has is basically because iran has done everything the americans have not done. Woodruff all that and more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Supporting social entrepreneurs and their solutions to the worlds most pressing problems skollfoundation. Org. The lemelson foundation. Committed to improving lives through invention, in the u. S. And developing countries. On the web at lemelson. Org. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers li
The United States trillion dollar war has served its arch rival. I think the reason the americans are so surprised at the amount of influence iran has is basically because iran has done everything the americans have not done. Woodruff all that and more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Supporting social entrepreneurs and their solutions to the worlds most pressing problems skollfoundation. Org. The lemelson foundation. Committed to improving lives through invention, in the u. S. And developing countries. On the web at lemelson. Org. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers li
I quickly want shoutout to william penn elementary school. They had me visit yesterday. Such a a great time. Hank you for having me. Ki and in and around philadelphia, temperatures in the 40s and 50s. Parkwood at 51. And look outside. The sky is gorgeous. I cant emphasize this enough. Today. A lot of this will be mixing out or clearing as the day progresses. So a really nice day. Get out there and enyou the day. Heres jessica with traffic. Were watching route 55 right now moving through millville. Heres route 49. Roads pretty much empty. We look good in both directions there. The freeway over in new jersey looks good as well. North and southbound a fiveminute trip towards philadelphia. Those roads are empty as well. Average speeds in the 60s. Were seeing quiet commutes. So it youre heading down the freeway, might not be so bad. Ill keep checking for scheduled openings. Ill be back with another update. Fired fbi director james comey will be raising his hand to give sworn testimony to a