The actions. Not just high yield indexment many of these outliar assets are showing a little bit of relief i suppose you could say. What does that say to you at ubsf Financial Services . Lisa i think its very important that the fed did what they did. Obviously after easing tremendous amount of of keep Interest Rates low, financial conditions continue to tighten f you dont have access to crede at this time creates a problem. To prevent unnecessary insolvency we think is very important Going Forward. We think the fed action is positive overall, but we dont think this is going to be just a straight shop upward. We do anticipate continued volatility for the less of the year. Lisa if thats the case vonnie if thats the case would you hold your fire or start looking for places to put some of the dry powder to work . Lisa we had come in to this recent fed policy and fiscal stimulus long high heeled. Markets had gotten to the point where they became so bad it quickly, spread quickly and widened
Covid19 virus it is monday, april 6, 2020. You are watching cnbc. Good morning welcome to the show. Im dominic chu live at cnbc headquarters dow futures pointing toward a surge at the opening bell. If all things hold true, we could see an 838point gain for the Dow Jones Industrial average, 101point gain for the s p 500 and 320point gain for the nasdaq a big surge after down moves last week. Also keeping an eye on the bond market as well we are seeing some movement there in terms of yields on benchmark u. S. Treasury bonds and notes. Twoyear, 26 basis points or 0. 26 . A tick higher there. Tenyear benchmark treasury yields a hair over 65 basis points, or 0. 65 you can see sell off of government bonds, those yields rising crude also moving at least to the downside right now wti, 26. 60 after logging its best week in history well have much more on that trade in a moment. We have Team Coverage from around the world to kick off your monday morning. Julianna tatelbaum is standing by in our l
Orders the numbers are not pretty the dow on track for its worst First Quarter ever falling more than 20 Retail Stocks are front and center as the coronavirus handcuffs the once strong u. S. Consumer how long will the pain last . Well dig in on that this hour bob, we begin with you and the markets today. Good riddance to this First Quarter of second worst quarter s p history. This is why everybody is hopeful about rebalancing a little bit here corporate bonds, flat and high yield down 12 be. Reminding us in a recession these kinds of bonds, high yield tend to act like stocks. A little bit reminder about that we have good news and bad news the good news is the president is out today pushing an infrastructure stimulus. That would be a number of programs out there we have progress on the vaccines and testing. The fed and congress have gotten very aggressive in the last few weeks. All good news. Theres still bad news we havent begun to see the really bad Economic News the market is very do
Thanks so much for coming. It seems particularly appropriate given the subject of todays lecture to encourage you to pretend as if you are in church and to move in, scoot in if you would, to give folks who are, not necessarily late arriving, but people who are fashionably on time room to sit. I should say that this answers an ageold question for me. Which is, if there is anything that can depress the turnout for a lecture, i think we have the answer. Which is no. It was raining cats and dogs a few minutes ago. And i wondered, will there be people there . And sure enough, here you are. I tip my cap to all of you, you are in for a treat this evening. My name is andy graybill. I am the director of the clement center. I would like to thank the many people who helped make this evening possible. Thanks to jeff, who directs the cph. Especially for those people who have coordinated all of the logistics. During my first semester at the clement center, we received an anonymous 500,000 gift in ho
Think we have the answer. Which is no. It was raining cats and dogs a few minutes ago. And i wondered, will there be people there . And sure enough, here you are. I tip my cap to all of you this evening. My name is andy graybill. I am the director of the clement center. I would like to thank the many people who helped make this evening possible. Thanks to jeff, who directs the cph. Especially for those people who have coordinated all of the logistics. During my first semester at the clement center, we received an anonymous 500,000 gift in honor of the governor who had died earlier that year. The donor wanted to hear our ideas first about how we put those funds to use before they were transmitted. Naturally, i proposed that this money be applied to my mortgage. [laughter] he passed. The benefactor liked much more the idea that we use the money to convert one of the junior postdoctoral fellowship lines to one that would support an invited senior scholar. That would cost more and they are