Keep it here on msnbc. Well be here throughout the storm for you and ill see you here tomorrow, same time, same place. For now, im Ana Cabrera reporting from New York. Jose diazbalart picks up our coverage right now. Good morning. 11 00 a. M. Eastern, 8 00 a. M. Pacific. Im Jose Diazbalart. We begin with breaking news. Hurricane Milton Closing in on floridas gulf coast, expected to make landfall early tomorrow as a devastating major hurricane. Right now, milton is a category 4 storm, churning 100 Miles Southwest of tampa, set to bring damaging winds and a dangerous and potentially historic Storm Surge. Schools, airports and many businesses are already closed in florida as People scramble to evacuate in the final hours before the storm hits. And take a look at this, miltons powerful winds shaking up a team of Hurricane Hunters flying through the storm. Meantime, right now, in South Florida, a tornado has broken out near i75. Joining us now from tampa, nbcs Marissa Parra. And also with u
And that because your point on bonds. Right now we have the 10 year yield backing up six basis points on the week, up 14 basis points. The worst week for bonds going back to august. Bonds selling off. That pushes yields higher on the idea there is some kind of recovery happening around the stimulus. It is going to be interesting to see whether or not the 10 year yield can break out of this range. David we will have to watch that carefully. We knew the job numbers would not reflect all of the covid surge, but we did not expect them to be showing downward trend before the covid came roaring back. To take us through what the numbers may indicate we welcome douglas holtzeakin, president of American Action forum. He earlier served as director of the Congressional Budget Office as well as chief economist under president george w. Bush. Great to have you back with us. Disappointing on the downside. How much should we read into that . Douglas the real significant piece is on the Household Surv
Whether or not at this point in the economic pandemic cycle they need to spend that bullet. They will be doing some things that are more accommodative. It will be difficult for them to reverse that policy somewhere down the road. Jonathan mike swell of Goldman Sachs is with us. On treasuries, on bad news being bad news, is that your view of things, how high can we take 10year yield . Mike great to be with you, jonathan. On the there is a cap treasury market, and its really the result of looking away from the slow term where there are certain instances where people think about growth postcovid. We see significant vaccine implementation. The jobs report, it will take a long time to get back to normal. The fed will be on hold for the foreseeable future. As a result, you will not see a 50 basis point increase in the 10year. People should sit tight and recognize that rates will stay low for the foreseeable future. Today proves that we will be in this odd situation where markets will look fo
Text us with your first name, city and state, to 202 7488003. You can also post your comments with a tweet at tweet,. Cspanwj, or facebook. Com nancy pelosi spoke to reporters after the times noted that she regained the gavel and became the first person in 60 years to return a speaker after losing the majority. Here she is. [video clip] i wish you could have seen the nominations and acceptance speeches. Then you could have seen the Common Thread, the unity of our caucus. The values and the vision, the knowledge of our subjects on the Strategic Thinking. You hear me talk about that all the time. Theof it is connected to hopes and aspirations of americans and working families. That is what unifies us. Im honored and was emotional earlier because of some of the things that were said in nomination, but also listening to the other nominations as well , not only to the vision but the depth of the commitment, the values of our caucus. Im thrilled, im excited, i to be working with the new pres
New record. So theres hope. Sentiment mixed as Congress Faces a crucial week, folks. It needs to pass a spending bill to avoid a Government Shutdown on friday as well as billions and billions in coronavirus stimulus package to help struggling businesses and americans. Weve got up to the minute details. We are about to take you live to the white house. Meanwhile, college kids now protesting tuition costs, refusing to pay after being forced to learn online during the pandemic. The ceo of Online Education company and online textbook rental giant chegg is here on how this is all coming together when it comes to the actual focus that this company was created upon. Parents and students reducing the cost of higher education. As the year of the spac continuing, this video gamings goto payments processor is going public with the backing of billionaire bill foley. He joins us along with the ceo of pay safe coming live on to the Public Markets today. All right. Lets get to the senate floor, where