You say to yourself, come on, come on, come on. This monday is the come on where new york city reopens. With that, a better jobs report, and accident of course, the president talking it up. I thought the research over the weekend from Goldman Sachs, j. P. Morgan and the others was just outstanding, putting shade and putting nuance on that jobs report of friday. Jonathan lets be clear. For this market, for the Global Financial community, friday never really ended. It went through the weekend into monday. The equity market continues to rally. We continue to look ahead this week to a Federal Reserve i just wanted to have the payrolls report change the feds approach to the News Conference this week, tom. Tom maybe a little bit of nuance to it, but i really dont think it plays in all that much. You ught it was great, come down, and the amount off they calculate it roughly of 15 recovery in the labor economy. I dont think thats enough to have vice chairman turn to chairman sandowl say change
Pretty simple chart. All about the s p 500. So often, we talk about the wild swings, the 1 , 3 moves. Dayou can see in blue, 50 resistance level 2950. Yellow comedy 200 day at in yellow, the 200 day. We are getting a lot of intraday swings, long term, it doesnt seem like the s p is going anywhere soon. Im looking at the Ishares Semiconductor etf, which is seeing inflows even as we saw trade tensions. 250tors added about million on thursday, the largest inflow of the year, then added another 50 million on friday. They Held Companies like nvidia, qualcomm, intel, companies that are sensitive to trade headlines. Lisa thank you so much for that. Ubsl with us, jason from Wealth Management and bloombergs luke kawa. Isntare range bound, why that an argument for income . Jason it is not a bad environment for carry strategies. We went overweight emergingmarket. They give you pretty good yield. If we get a risk off environment, rates fall. Gethey rally, then you spread compression. In an environ
Africa is a fascinating story. Votes are being counted for the election. It looks like the more market friendly candidate is going to win. The u. S. Dollar is weakening against the rand. We will catch up with that later in the show. Peso, a big day for emergingmarket elections. It is viewed as market friendly. It is also viewed as looking at the next index down, despite the fact we are getting so much information about the tax plan, about different political developments. David nothing well bring the vix up. Lets get an update on what is making headlines. Trump will do clot declare china a competitor in a speech. His speech will be heavily influenced by his views on trade and economic relations. He is expected to outline economic actions that could target china. In atlanta, power has been restored at one of the busiest airports after a blackout that caused thousands of flights to be canceled. Power says a fire caused extensive damage in an underground facility. Delta says it will opera
Distortions are coming through risk assets more now that rate markets. Versus 25 10 years ago. It is a great point she is making. It has been the best trade at the sovereign marketplace for a long time now buying treasuries. Will the trade still be good now that italy is starting to see inflationary pressures . Countries have seen inflationary pressures. They make a value back in the. Ther in sovereign debt without a doubt, it will be best what are your thoughts . We just talked about the boj before we are happy with the control policy, they have their 10 year basis point. One of the traits is shorting curve,year part of the basically what they dont, the japanese government on market. Jonathan the little maker trying to make sure this time around . I think it is somewhat different. The yield curve, they are yields yields throughout the missing in this country for a long time. Jonathan joining me around the lisa,in new york is curve of the 10, effectively more freely flowing. In additio
We think it is a overall positive backdrop for the economy that is about to also get more tailwind from the tax policy. It suggests the job market is continuing to heal and i would be surprised if the bond market did not take this into account. This Unemployment Rate is 4 . In the last 70 years, we have never seen the Unemployment Rate at 4 when the deficit spending is set to increase from 4 deficits to 5 , so this is an economy running hot right now. Wages are gradually continuing to pick up as the Unemployment Rate comes down. There is evidence we are closing in on full employment and this is the start of a more pronounced acceleration in wages. I think this volatility in these data, i think the rush to judgment on Hourly Earnings is a little too soon. It looks like it is probably pulled in from the folks in the top end. We are very excited to see the 2. 9 growth wage number. It is what we have been talking about with you for the last year. It was really the impetus for our tax plan