The moves weve seen markets everywhere were rattled by this news look at the treasury market. The tepyenyear went all the w down to 1. 89 . This morning the yield is lower, 1. 847 this is happening as you look at yields rolling back to levels we have not seen since november of 2016 the 30year is yielding 2. 377 the twoyear is at 1. 70 the five year at 1. 648 overnight in asia, stock theres took it hard you will see that the nikkei was down 2. 1 . The hang sens off by 2. 35 the shanghai was down by 1. 4 . In europe this morning, there are red arrows there as well with significant losses. The cac is down by 2. 75 the dax is off by 2. 6 the ftse off by 1. 9 so around the world all of this, people are watching closely to see what this means for the economy. Maybe no better market to see that in than the move in crude oil prices yesterday wti was off by more than 4. A decline of 7. 9 . Thats the worst single day performance since february of 2015 concerns about what this all will mean for t
policies on capitol hill this week. telling lawmakers the $1.9 trillion american rescue plan contributed only modestly to higher prices even as she acknowledged inflation levels are unacceptably high. 8% inflation is an unacceptable inflation rate in the united states and it is president biden s number one objected to get that out. paul: let s bring in cabot former chairman of the council of economic advisers at the white house and distinguished visiting fellow at the hoover institution. welcome kevin. so peak inflation. everyone has said it has picked it has picked looks like it is peaking or that peaking keeps going to higher peaks. what is everybody missing in the markets? everybody really isn t everybody. if you look at google searches for inflation then my friend joe sullivan did a really interesting piece where he correlated google search for inflation with the inflation rate. right now americans are searching at the rate they would do if inflation were 9% which is
Actually kept our temperatures up in the 40s through most of the night. It will be another cool day with partly cloudy skies and a north breeze. Highs today should only reach the lower to breaking overnight a six point six magnitude earthquake rocked western japan overnight this video captures the intense shaking at about 2 in the afternoon there. Officials tsunami being caused. There were no immediate reports of injuries or damage from the quake the Milwaukee Police officer who shot and killed Syville Smith remains in custody right now on Sexual Assault charges. Dominique heagganbrown is being held in the Milwaukee County jail on 100thousand dollars bond. The victim says he went to a bar with Heaggan Brown the night after smith was shot and killed. The pair reportly watched coverage of the shern tv. The victim claims heagganbrown raped him later that night. Heagganbrown then brought the victim to the hospital. Detectives searched Heaggan Browns cell phone leading them to three other p
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Us, im thema ponton. Its 5 00 a. M. On this sunday, august 28. Lets get your day started with a look at your forecast. Jeremy skies cleared out overnight, light wind and radiation cooling. Thats a recipe for fog. Fairly widespread, though the camera we just showed near downtown milwaukee, visibility is ok. A dense fog advisory for much of southeast wisconsin. That does not include walworth, racine, or kenosha counties. 10 00 a. M. West of Mitchell International airport, visibility is near zero or a halfmile. Locally dense fog is fairly widespread in the inland locations across southeast wisconsin. A hint of fog from the discovery world camera at 66 degrees. A muggy field to this morning, but the good news in the forecast for this afternoon, we break out in the sunshine at high stop out right around 80, we forecast, coming up. Thema thank you, jeremy. Right now, a man is recovering in the hospital after a shooting on milwaukees northwest side. Milwaukee police arent releasing many detai