Kind of takes the relief trade, if you will, out of the treasury market. Have a vaccine but have to deal with the rising case counts. Its difficult for Bond Investors to show no caution to the wind. Think about what actually has the chance to survive. Jeff rosenberg is joining us right now. What a week it has been in the market, tested in several fronts. Lets talk about credit first. We have the fed and the treasury having a little bit of a spat over the emergency programs introduced this year. I have to say this market has responded quite well to it. What was your take . The the most important of support measures are not affected, these were not used very much. They were most effective on announcement date, not much uptake. The market is seeing through that, and its a little bit less of a significant Market Reaction because it is less of a significant issue, if those support measures were to fall away. Pointsn as my colleague out, hasnt harmed the appetite for debt. We have been tryin
Markets. It has been a wild ride this week. There was rotation on the back of positive news when it came to trade and then we saw stocks retrenching. A lot of the focus is on u. S. Tariffs in europe. Jeanclaude juncker says that is not so. A lot of focus on data out of germany. You can see the u. S. 10 year yield at 1. 91. Coming up, the intesa sao paulo chief executive joins us for an exclusive interview in a couple of minutes. We focus on earnings and the Banking Sector. First, lets get first word news. The u. S. And china agreed tariff rollbacks will be a key part of any agreement, the big question, is a deal any closer to being done . Donald trumps advisors dont sound certain. Yet to be decided, the time and place for signing this potential packed. Donald trump wanted ukraine to investigate joe biden, that was the message and it was clear according to one official. He says the words being pushed by the administration our investigation, biden, and clinton. Special visashere for doct
Youre seeing new order that is developing in the world, and it is not the new order that joe biden was talking about just the other day. This is new order, and it is new order where youre seeing decline of the american empire, or the anglosaxon empire in the a world, so this is the struggle, and when america. Declines, that also means that the zianist state declines as well, because the zionist state is mainly is mainly propped up by the United States, thats why theyre asking for more billions of dollars from american tax payers, because theyre falling, theyre falling, people have resisted and they have to continue to resist, just like in south africa, black south africans resisted, they never gave up, they continued push forward and the Palestinian People are doing the same thing and all of the allies of the Palestinian People, that is very very important because their position is the right position, it is the right position, it is not a supremist position, when the israelis attack ch
The fed chair today. Plus we have that earnings parade. Netflix surges on sub gains. Tesla, that stock is down. At t, blackstone, american airlines, they are all names that we will be telling you all about. And the ozempic effect. Nestle is looking to offset any future sales impact, now dropping products to accompany weight loss drugs. Lets begin with tesla. Among the biggest s p laggards in the premarket, the company did post a quarterly miss, including weaker than expected Profit Margins due to price cuts. Cybertruck was in focus. This is elon musk talking about it on last nights Earnings Call. I just want to temper expectations for cybertruck. Its a great product, but financially, it will take, i dont know, a year to 18 months before it is a significant positive capture contributor. Of course, musk did comment on all kinds of things beyond the company itself. Rates, of course. Macro, workfromhome, sort of echoing themes hes had before, david. I remember during our interview in may,
Reporter he hand plans to spend his birthday with his family. His daughter sis an intern for nbc bay area. Her dad got called to the fire line. It all happened so fast that it just really unreal. The thomas fire has destroyed home after home. I was helping will cover them at the station do the santa rosa stuff. This is awful. I cant imagine. Now im someone with a go fund me. They work to salvage what they can. They worry how much the fire will destroy before firefighters can get the upper hand. S you just know anything can happen and starting to get the feel of what happened in Northern California earlier in the year. Tonight the fire is once again moving in direction. Neighbors are being evacuated. Its been raining ashes. Reporting live, jodi hernandez, nbc bay area news. She toured some of the destruction. You can follow along on twitter. This video quickly went viral. A driver shot this while driving on the 405 on his way into work. A mountainside engulfed in flames. This is part of