Merely dealing with partisan gridlock the dow inched up two points and the nasdaq jumped 1. 12 , this i what we have to think about. Six months ago it looked like the world was ending everyone in congress had a reason to reach a compromise both sides have an incentive to be more stubborn they get to blame each other in the runup to an election but as Speaker Pelosi told me this morning, the deal is still on the table. I took her full statement as a sign getting a deal done could be extremely difficult im saying this purely in micah pasty as your investing coach without a stimulus deal, there will be a ton of private company losers and could be a much worse place a year from now if we get a vaccine by the end of the year too many struggling Small Businesses cant wait that long. Now if you got a white collar job you can do from home you may not realize how bad it can be. The future is fine for anyone that can work from home whether we get another bailout or not. For millions of americans
The governor of texas warns of a massive outbreak. The imf adds to the gloom, further lowering its Growth Outlook, saying the pandemic will cause even more damage than first feared. Haidi that lead really playing into the downside we are expecting in the asian market session. Lets get it over to Sophie Kamaruddin in hong kong for a look at what we are expecting. Board, pulling up the asian futures pointing to losses of 1 or more amid the imf. Warnings of a deeper recession with japan and the Growth Outlook taking a hit. 1. 2 in theup by red this morning. A down day with trade disruptions back on the table alongside virus risks. Flipping the board, we are seeing bonds on the advance. Aussie tenure yields off by four basis points. Treasury futures to the upside after the overnight flattening we saw in cash yields as the bond market is signaling a more cautious outlook than we have seen in stocks. Check out the dollar extending gains against g10 peers with increasing u. S. Trade tensions
Of the sun and its setting. For the beauty of the earth and the glory of the skies, we give you praise. Today, make our lawmakers heirs of peace, demonstrating that they are your children as they strive to find Common Ground. May they take pleasure in doing your will, knowing that by so doing they are fulfilling your purposes in our world. Lord, you are never far from us but often we are far from you, so show us your ways and teach us your paths. We pray in your merciful name. Amen. The presiding officer please join us in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The presiding officer the clerk will read a communication to the senate. The clerk washington,d. C. , december 4, 2019. To the senate under the provisions of rule 1 paragraph 3 of the stranding rules of the senate i hereby appoint the honorable kevin
Year this all has been happening as treasury yields started to pick up yesterday that kicked off the concerns the twoyear treasury yesterday topping 2. 16 . That was the highest level since september 8, 2008. You can see the twoyear this morning, yields have come back down a bit 2. 108 the tenyear is where the focus was yesterday. The yield there nearing 2. 73 . That yield backed off a bit, too. We will see the last meeting of fed chair janet yellen today at the fomc nice stories about janet yellen today the finale here as jay powell gets ready to begin february 1st. Some big stories were watching this morning jpmorgan saying that jamie dimon will stay in his role for about five more years. That time frame could suggest hes not planning on running for Political Office which has been speculated about for some time we talked to him about that last week in davos on this show the bank is promoting daniel pinto and gordon smith to copresident s and coos pinto oversees Corporate Investment b
And welcome to power l lunch. Im melissa lee. Mixed picture on wall street with the nasdaq in the red by about a tenth of a percent. The dow adding 30 points. The s p up by three points itself. For the dow and the s p, this would be their fourth day in a row of gains. That has not happened since the month of february. Consumer staple hitting an alltime high on pace for its fourth straight day of gains. Monster beverage, campbell leading there and it has been a volatile day for the Home Builders after rallying on the back of toll brothers. The sector now turning negative as new home sales fell more than 11 . Much more on that story straight ahead. Take a look at herbalife shares, tanking, about 6 . Reports the companys china chief has abruptly left. Well bring you more details when we have them. Im which will fred frost. Here is what else is happening. New clues about the economy, data that measures the amount of freight transported by trucks showing a surprise drop. And a Retirement Sa