Profits would benefit under that scenario. Tom what is the theoretical justification now for owning such a low coupon . Caroline so this is the big debate, isnt it . Beijing provides stability in portfolios when you do get the downturns, the bonds still act in that manner. With the help of that perspective, in terms of our preferences in the bond space, going to areas where youre getting more yield, so emerging market bonds, for example, where the income is a bit more attractive. Are, theok at where we reset in q4. Is this a moment of drama for you in terms of reset and reallocation, or is it a q4 steady as she goes . Caroline i think it is important to have a continual rebound and seeing portfolios throughout the year on a regular basis as markets move. Whether we are into one quarter or another doesnt matter so much. We have had the peak economic upping if you like from the virus lockdown, so that is quite helpful, but it will fade as we go forward. But our expectation is that we ret
R justately ben laidle calls it a q4 melt up to come. Jonathan pointing out that the u. S. Election volatility could fade. The data might continue to improve. The market might grind higher. But the numbers we are seeing from some of the big employers around the world are not pretty. Tom terrible. I am so glad you bring this up. Horrific, but once again, you separate stock market activity from the social cost we are seeing right now. Jonathan 90 minutes away from claims data, lisa. Lisa we will be finding out a backward look at the latest claims. I say backward look even though is a weekly initial claims that i because we will also be getting a backward look at the income people received in the month of august. One thing i will be watching is the copious amount of additional fed speak. I want to know how much stress they are seeing within the banking sector. And then the theater in washington, d. C. Continues. Steve mnuchin and nancy pelosi continue to talk. Is this just theater, or is
Between parties and each member other than the majority and minority leaders and minority whip limited to five minutes. But in no event shall debate a. M. Nue beyond 10 50 the chair recognizes the gentlewoman from North Carolina, minutes. , for five ms. Adams thank you, mr. Speaker. I rise this morning to honor two North Carolina women who left us this year, former former dr. Dorsett, representative mcalister. I admired and was friends with them. Of they were both educators who service. Public proud graduates of historically colleges. Founded and led organizations to cell a anemia. Lows of personal tragedy, both women were predeceased by a child they loved like a best friend. They were both county commissioners and state legislators. All, trailblazers. Katie dorsett was the first black women on the greensboro i was proud to follow in her footsteps. After serving on the security she was elected to the county board of commissioners and went on to serve in governor hunts administration an
Europe was split and impenetrable border divided east from west but one german entrepreneur refused to accept that could believe that science transcends board is he set up a prize awarded to Research Projects where scientists from eastern and western europe work together. Endowed with 1000000 euros the cover price remains to this day one of the most prestigious and lucrative science awards in europe this year it went to a 100 gary a neuroscientist based in switzerland. Boston is a city constantly on the move. Full of colors and contrast. Shades dimensions and perspectives. We perceive them with our eyes. But this window to the world closes for people who lose them so. Reopening that window is the foremost goal of the institute of molecular and clinical ophthalmology. Here medical scientist a boat on tosca is working on ways of giving blind people back their eyesight. My main goal is to understand vision and to use this understanding to create new treatments for blinding diseases. While
The key is to think about it order by quarter. You had a deep drop in the economy last quarter, and you are back up to where 95 of the economy is restored, and then we all work out the high net was one point 2 a 1 to 2 of the economy, it will take a while to grind through that. The audi is every at the reality is every estimate has gotten better rather than worse. Why is that . Consumer activity stayed strong. The fiscal stimulus, the monetary stimulus, the programs the fed has between the government and congress, between what the fed did. To bring the hole economy back up to the level and now we have to let it work out from there and we probably need more stimulus for defined places still in difficulty. Restaurants, state and local governments, schools, performing events, venues, some of the Industries Airlines and other things that you cannot have people do at the rate we have before. The rest of the businesses, Dentists Office are busier than theyve ever been. We saw Consumer Spendi