Destruction are actually mounting. The old fed playbook says this is the way it is supposed suppoh be. They are supposed to break a lot of stuff. Well ask chicago fed president Austan Goolsbee in exclusive interview, while something his grandpa said to him, thinking there may be a different way for god policy to break out. Our panel will react to last nights debate. I will give my buy, sell, hold rating on the candidates with my specs guest Beverly Hallberg. All that and more on making money. Charles we have liftoff, folks, and it aint the stuff you want lifting off. This is what they call on wall street a par bolick move. A slang that something goes up high rate of velocity and magnitude on the chart. These things are going up at a high rate of velocity and magnitude on the charts. 10year bond yield, but the 10year bond yield that is absolutely monday boggling. Remember when we were down here this was supposed to be the resistance point . Looks like it wont stop. There are so many imp
Three major indices. The dow industrial down by about 1. 1 , the s p and the nasdaq down by about 1 1 2 . If you want to look at things month to date, we are on track for the worst month of the year, if youre looking at the s p, if youre looking at the nasdaq. If youre looking at the dow tr transports. The dow industrial is off by 3. 1 . S p down by close to 5. 2 , and the nasdaq is down by about 7 . The russell 2000 has fared much worse, down 7 1 4 . Dow transports are down by 5 1 4 . You got admit the irony of 90 of the people we talked to finally threw in the towel visiting the october lows, right when this was ready to head back down. Never mind. But they did. Its counter intuitive. Its uncanny. If you could figure out opposite day always. Always opposite day. You could do well. You give jason trainer props for sticking with it. Yes. Saying he thought things were going to come down. Because i was so obnoxious to him during the whole rally when he went nuts. Yes, you were. Treasury
Congress only has four working days left. Will republicans come together and do their jobs . We are talking to senator, raphael warnock, about why some republicans want to shut it down, and what role the senate can play before time runs out. Plus, i sat down with rap star, quavo, when he came to the Nations Capital this week. How he turned the trauma of witnessing his own nephew getting shot and killed, into activism against gun violence that plagues communities across the country. And, autoworkers expand their strike to plants in 20 states. A contract talks now with two of the big three automakers. How that is likely to impact you, and high stakes for the u. S. Economy. Im symone sanderstownsend, and i have something to say. We are a week away from a government shutdown. The House Of Representatives has gone home. Yeah, yall, the clock is ticking. The pressure is on. But they are getting nothing done. Lets review. Representatives left town after the House Republican majority failed no
It is better than the nasdaq which is down by 3. 5 for the week. Dow down 1. 5 . Yesterday was a rough day. It was yields. The next board that we will show on the back of everybodys minds. Investors. Normal people are not saying oh, my gosh. 30 more basis points. We are sitting up and taking notice of the 10year treasury now. How low we were for a long time with the backtoback crises. Right. If you look at the steep curve, that tells the story from the lows. The 2year treasury is the same story. Japans central bank maintaining the ultra loose policy. Bank of japan citing uncertainty with the economies and Financial Markets at home and abroad. This is a big deal. The yen has been vehweak. There have been expectations to raise rates. Governor euda indicated that would be the case. As soon as the end of the year, they would talk about finally ending negative Interest Rates. That has taken place for a long time. Yesterday, ashley spoke with the Prime Minister of japan. We will show you tha
Ferro. In the equity market, posited by 0. 1 . We go to the commodity market, brent 94 94. 93. Tom i take your point, oil is game changer here and it is not 95, it is how we got here. Can you imagine 97 . Why cant you extrapolated out on the edge of 100 . Right now we are at 100 per barrel. Jonathan what is it influence, what does it change . We have to ask a question from the Federal Reserve into tomorrow. Does this change anything for policy and for forecast next year . Lisa ellens that never says no at Morgan Stanley and another at moody say it could be game changer. Saying anything over 100 for any length of time and we are going to be very sick. On one hand, you have to think about what this might do with a diff disinflationary way but also good prices as Mohamed Elerian was changing. Game changing for inflation or growth . Lisa its a great question. We dont really understand. I dont really understand what the major driver is. Is the demandside or supplied cuts. If you have demand