Damaged two that had a key role in handling virus cases. Officials are pushing for a twoweek lockdown to control the pandemic. The french government is sending right police to the marseilles a rate to enforce mask requirements. Has seen scattered incidents of violence from people refusing to wear masks. Is weren 3000 new cave reported sunday, one of the biggest daily spikes since the country lifted its lockdown in may. The japanese Prime Minister shinzo abe visited a tokyo hospital for several hours today. They say it was for a routine avoidanceck but his and public appearances recently has sparked speculation about his health. He has not held a fulllength News Conference since june and has refused call for a new session of parliament to debate issues like the coronavirus outbreak. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new
Buying longer on that curve . If so, that will keep rates lower. The path we are leading down is not a good one. What the fed is trying to do is what every central bank is trying to do, which is engineer growth. Tyler george bory is with us now. Talk to me about what you have been noticing, your take on the big reflationary trade yesterday but then a little bit of a comedown in yields again today. George thank you for having me on, always great to be on the show. Powelll question is, is seismic shift, or more of the same . The reality is there are some significant factors here. The biggest is the acknowledgment that there has been a Material Change in the economy. Unemployment can go lower than policy makers expect without causing inflation. They have issue is, also kind of acknowledged there is a limitation of Monetary Policy. Those two factors we view as material. Shift,terms of a policy what they are likely to do going forward, it feels like it is very much same game. The way we are
Harvesting. Have you gotten your ballot . Are you going to sign it . If you want, i will sign it. Here it is, get out of here. That is the most honest way of doing it, and that is unfair. Now they are taking all of that enthusiasm that our party has, and we have tremendous enthusiasm. I think we have record enthusiasm. [applause] whiche a base alexa nobody has ever seen including these people, wall street journal, fantastic story this weekend, fantastic cover story on the base, an incredible base. Everyone here will vote. We have a tremendous base. They dont. They have no enthusiasm for their candidate. Bernie, they had more enthusiasm for him. Bernie sanders, he is the greatest loser i have ever seen. This guy can lose and be so happy. [laughter] Hillary Clinton, i want to use nice language. I dont want to use a certain word but it starts with sc they will say he used foul language. Bernie sanders got taken advantage of by Hillary Clinton. Worse. By the democrats this time. Warren,as,
Is driving the market. The credit fundamentals are deteriorating. The central bank has effectively crowded in. You can get spreads. Jonathan always great to catch up with you. We have a ton of supply from the treasury. The 30year happened. What was your interpretation. There was supply fatigue. What was your take . In the end, supply does not drive markets. It can have shortterm impact as supply has to get digested by the marketplace. Over the long run, the fundamentals are what will drive evaluation. At the long end the long end of the curve was a little overbought. There had to be concession to be supply into the marketplace. Over time, it will be fundamentals and we will be in a low inflationary environment. The fed is on hold for years. As a result, there will be demand for long treasuries. Back in late 2017, when the administration cut taxes, the yield on a tenure was 250. On a 10 year was 250 what will matter for the long and is inflation dynamics. Inflation picked up in the last
Rewards. All indices are higher in terms of the s p and dow. The nasdaq has turned lower in the last 30 minutes. Vix at 24. The euro continues to drive higher. 1. 1518. Strength after they managed to pass some grants and lowinterest loans to aid everybody. Of crude oil, Summer Travel season is in full swing as coronavirus cases pop up in cities across the country. Many are rethinking a potential comeback in the hotel and leisure sectors. Adam portnoy, is ceo of rmr group. Us,last time you were with it was toward the beginning of the outbreak in the northeast, at least the beginning of what we knew the outbreak would be serious. You were collecting commercial rents at a rate back then that surprised you. Beet been instance i since . Time wence the last talked, in terms of Economic Activity in our portfolio, we have over 2000 Properties Across the u. S. We touch every type of commercial real estate sector. As a result, we have a really good sense of what is going on in the economy on a d