Feds resolve. Markets like to see the Central Banks step in. They want the fed to cut. I dont the fed will cut. I dont think the fed should cut. On terry halseys prepared act Monetary Policy is prepared act, but will be effective . The effectiveness would be tremendous. Interest rates are not vaccines. The fed is fairly impotent in this environment. On the other hand if they do nothing, it can make the situation worse. Jonathan joined me the table, Subadra Rajappa and Mike Schumacher and victoria fernandez. Victoria, in this conversation, we should start with efficacy of the central bank move and the willingness of central bankers to step in. Lets start with the latter. We are they . We are not seeing them willing to do anything at this point in time. The South Koreans did not lower their rates when people expected they might. You have germany coming out and saying they have enough stimulus on the table right now. They are not willing to lower rates at this point in time. I dont think
Out from under it. It is time now for global exchange. We are going to bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with this mornings top stories. We are going to focus heavily on the markets. We begin in the u. S. , where the 10 year yield fell more than 1 this year. Here was more is annmarie hordern. Annmarie we are seeing a massive flight to safety. I can show you some of these numbers. Gold trading just under 1700 an ounce. This is the asset to own and this kind of market. Then you have the swiss franc. Deutsche bank said in the recent note we could see parity. We havent seen that since the s p lifted the cap the snb lifted the cap. B 30 year yield went through 1. 5 . Right now, 1. 39 . Three standard deviations. Thats how much we moved to the downside. We have not seen this since 2011. People on wall street say this might be a recession. Alix thank you very much. All of that leading to massive volatility within the equity m
The case is strong for them to step in. They want the fed to cut. I dont the fed will cut. They should be cutting. I dont think the fed should cut. Monetary policy is prepared to act, but will be effective . The effectiveness would be tremendous. Interest rates are not vaccines. We would see some turnaround in the markets. The fed is fairly impotent in this environment. On the other hand if they do nothing, it can make the situation worse. Jonathan joining me around the table in new york, Subadra Rajappa and Mike Schumacher and in houston, victoria fernandez. Victoria, i want to begin with you. We should start with efficacy of the central bank move and the willingness of central bankers to step in. Lets start with the latter. We are they . Where are they . Victoria we are not seeing them willing to do anything at this point in time. The South Koreans did not lower their rates when people expected they might. You have germany coming out and saying they have enough stimulus on the table
The market is doing what is it always does. The market is testing the feds resolve. Markets like to see the Central Banks step in. The case is strong for them to step in. They want the fed to cut. I dont the fed will cut. They should be cutting. I dont think the fed should cut. Monetary policy is prepared to act, but will it be effective . The effectiveness would be tremendous. Interest rates are not vaccines. We would see a little bit of turnaround in the markets. The fed is fairly impotent in this environment. On the other hand, if they do nothing, it could make the situation worse. Jonathan joining me around the table here in new york, Subadra Rajappa of societe generale, Mike Schumacher of wells fargo, and, in houston, crossmarks victoria fernandez. Victoria, i want to begin with you. We should start with efficacy of the central bank move and the willingness of central bankers to step in. Lets start with the latter. Where are they . Victoria we are not seeing them willing to do any
Central banks step in. The case is strong for them to step in. They want the fed to cut. I dont the fed will cut. They should be cutting. I dont think the fed should cut. Monetary policy is prepared to act, but will be effective . The effectiveness would be tremendous. Interest rates are not vaccines. We would see some turnaround in the markets. The fed is fairly impotent in this environment. On the other hand if they do nothing, it can make the situation worse. Jonathan joining me around the table in new york, Subadra Rajappa and Mike Schumacher and in houston, victoria fernandez. Victoria, i want to begin with you. We should start with efficacy of the central bank move and the willingness of central bankers to step in. Lets start with the latter. We are they . Victoria we are not seeing them willing to do anything at this point in time. The South Koreans did not lower their rates when people expected they might. You have germany coming out and saying they have enough stimulus on the