Interest rates. They understand the lower bound increases the Downside Risk to employment and inflation. We are prepared to use all of the tools to support the economy. What other tools are they thinking of . Jared there is a discussion, even today, about asset purchases and fed activity in the market. A lot of the facilities introduced this year have not actually been used all that much. Maybe that is because all that is necessary is the signal they are available, or the fact the rates they have been priced at so far are not that attractive to market participants. There is no question that in the crisis, if fiscal policy does not come through this year, we might see the fed become more active as a player in the market than has been so far. , thank youed woodard so much. A big day for the markets as we extend future highs. We are lower for longer, we are allowed to run hot on in tatian. That means the 10 year yield is backup to a 70, potentially new range bound territory. The breakeven
Better than 1 move for the dow. Nasdaq record highs. Big tech taking a bit of a break. You see facebookdown as well as amazon amazon, netflix and microsoft lower. If its tuesday, it must be tilman frittia calling on americas governors to show some real leadership and tell us where the goal posts are on reopening. Power lunch starts right now tyler, thanks. Its Energy Leading the way today. On track for its best day since june 5th it might not matter as much as it used. Bob has more technology stocks, 27 of the s p 500. That doesnt include google which is really a tech company or amazon which is a consumer discretionary. All together top Six Companies are 25 of the s p 500 just about. Its approaching that. Its crazy the rest of the sectors are shrinking. Let me show you what the sectors are today. Energy is only 3 of the s p 500. Now it used to be 5 a few years ago but financials have shrunken dramatically for example, it was 15 of the s p just five years ago. Industrials were 10 now it
Wineries and more citing rising covid19 numbers. Several other states are also slowing their plans to reopen. This is happening even as the economic destruction from the lockdowns has become more clear. The web site yelp carries reviews of restaurants and other Services Companies and reports that as of mid june, 140,000 of its listed businesses remain closed. But the biggest debate this week and perhaps the most important has been about opening schools in the fall, the two biggest districts in california los angeles and sand way ego have announced they will not be holding inperson instruction. Several other cities are looking at hybrid classes. And democratic new york governor Andrew Cuomos Education Plan comes with a lot of conditions. Were not going to use our children as guinea pigs. James but members of the medical community are warning that not opening schools would put children at greater risk than the virus itself which doesnt affect youngsters the way it does adults. Former Sta
Wineries and more citing rising covid19 numbers. Several other states are also slowing their plans to reopen. This is happening even as the economic destruction from the lockdowns has become more clear. The web site yelp carries reviews of restaurants and other Services Companies and reports that as of mid june, 140,000 of its listed businesses remain closed. But the biggest debate this week and perhaps the most important has been about opening schools in the fall, the two biggest districts in california los angeles and sand way ego have announced they will not be holding inperson instruction. Several other cities are looking at hybrid classes. And democratic new york governor Andrew Cuomos Education Plan comes with a lot of conditions. Were not going to use our children as guinea pigs. James but members of the medical community are warning that not opening schools would put children at greater risk than the virus itself which doesnt affect youngsters the way it does adults. Former Sta
Wineries and more citing rising covid19 numbers. Several other states are also slowing their plans to reopen. This is happening even as the economic destruction from the lockdowns has become more clear. The web site yelp carries reviews of restaurants and other Services Companies and reports that as of mid june, 140,000 of its listed businesses remain closed. But the biggest debate this week and perhaps the most important has been about opening schools in the fall, the two biggest districts in california los angeles and sand way ego have announced they will not be holding inperson instruction. Several other cities are looking at hybrid classes. And democratic new york governor Andrew Cuomos Education Plan comes with a lot of conditions. Were not going to use our children as guinea pigs. James but members of the medical community are warning that not opening schools would put children at greater risk than the virus itself which doesnt affect youngsters the way it does adults. Former Sta