The bottom of the hour. He is traveling today in wisconsin, talking about the economy and jobs. For now, the Postal Service in the spotlight as we inch toward an election where voters where a significant number of voters will be mailing in their balance. Joining us, abigail doolittle, who has been watching the backandforth of the day. No records today. But what were the main drivers . Abigail everybody waiting for that potential record for the s p 500. Stocks really climbing this wall of worry. The s p 500 hitting this area of resistance. The polls fallen short of being able to take out those old levels. S p 500 up about euro. 3 . Nasdaq once again closing at a record high, up 1. 1 , really being helped out by some of those mega cap tech stocks. China, so muchs, for investors to worry about. They are going again toward this years defense of technology. The vix down a little bit today but still relatively elevated. Couldxperts say that we see some sort of pullback after this huge rally
Killed including an offduty corrections officer. In philadelphia 25 shootings there, 7 people killed. 25 more wounded. Cincinnati is on track to have its worst year ever for homicides, 20 people shot over the weekend, 4 of them killed. In chicago, 64 people shot, 5 of them killed, and among the wounded a 12yearold boy and six teenagers. Savages brutal violence like we havent seen before, but in portland, oregon, all of this has become routine. People there arent simply activists or anarchists, they are insurrectionists. They chased a truck driver last night through city streets and caused him to crash, then they drug him from his truck into the street, and there the thugs assaulted him, one of them viciously kicking him unconscious. Police didnt arrive until minutes later, and then they were met by the hostile crowd. The driver is in the hospital tonight suffering serious injuries. No arrests have been made. We should not be surprised at that because, indeed, in that city they dont, th
Anna edwards is in for jon ferro and lisa abramowicz. Ferro taking the entire month off. Lisa only taking half the month off. We are thrilled anna edwards could join us today as well. Remember when augusts were boring . August is no longer boring, is it . Anna i remember when all of europe went on holiday in august, but no longer. We got alltime highs on u. S. Stocks. Is that really out of kilter with the underlying u. S. Economy comes with the underlying global ok . Omic story, and is that tom the persistency across yields is amazing. Yields come up 4, 5, 6 days, and they roll over and come back down. We are not through to new lows in the last number of weeks on yield, but nevertheless, watching that very closely. We will get to that with an important guest any moment. David malpass with us later in the hour. I want to go to a story which we have been covering the last number of days. For me in america, it has gone radio silent. That is belarus. This is between poland and russia, with
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Radio and Bloomberg Television across this nation. It is not a usual august. It is highly unusual, different from 1998. Certainly some of these trends are draw dropping are jawdropping. Bonds participate. It is decidedly risk on. Lisa although you have to say, when you got a 10 year yield below 1 , to say it is a decidedly different tone with yields going up indicates just where we are in this cycle. I will say, also important to note that is yields rise, bond prices down, you are seeing real yields remain deeply negative. Tom deeply negative and plunging right now. 1. 00s the right word, at and now at 1. 03 on the u. S. Tenyear. That is a really extraordinary drop. Saw,own near the lows we but this will be a huge theme. What will you listen for from chairman powell on thursday . Lisa basically, how much they are going to keep yields low and how much they perceive themselves looking at the reality of the economy today. I really think it is important to note that even as yields move up,