Most interesting across this nation, the uncertainty of the pandemic. Indeed, around the world as well. I was under struck the and delics of mexico, in india is in a crisis. Jon ferro, the sensor folds right into a fourday work week jon ferro, this intro folds right into a fourday work and a jobs report. Jonathan the low as 500,000. When you see a range that wide, it is safe to say that no one really has a clue. In deutsche bank, they missed the retail vshaped bounce we got as well. You get the feeling that economists are pretty much flying blind right now on each and every data point. Jonathan i would agree with that, but he talked about consumers and businesses selfregulating. Even if the governors, the local officials, statelevel officials dont hold that themselves, companies and consumers will, and we are already seeing signs of that in various states across america. Appraise fore a fourday workweek, it is all about the twoyear yield coming in. 0. 1602 . Wn to there is a ground in
It is office highs, but still a. 5 . Not too Much Movement in the dollar index. Just a little weaker before the fomc today. He 10year yield lets get a deeper dive into the market action. Standing by we have k. D. Lang. Katie playing. Hase dollar weakness become a proxy for risk appetite. It is once again weakening signals it is not entirely a risk off day. We are seeing it in equities. Even if crude is office to touch. On the subject of the fed and yields, something the market is paying close attention to for that decision in about an hours commentary on yield curve control. There has been a dramatic steepening of the curve in recent weeks. We have seen some flattening coming in. We are sitting at 115 basis points, the steepest it has been in about three years. We will see if the fed does anything to change that narrative. It is tech that is outperforming at the moment. The s p 500 Information Technology sector is higher for the fourth day in a row, up 5 over that time period even thou
We are waiting for a 10 45 press meeting with the signatory of state the secretary of state. Guy that is going to be fascinating. We have an emergency meeting of european Foreign Ministers as well today, but that story in washington is one to watch. Im sure the crude market will be. European stocks up a little bit today. We saw a little bit of action around the payrolls number, but not much. Saw our way back from earlier highs. The dollar continues to push on up. I am going to show you some charts later on talking about some of the Technical Levels the. Ollar is facing now to the upside. 1. 11 now. A little bit of movement in the bond market. We are looking for next weekend the signing of the phase one trade deal. How good could that be for europe, and what is already priced in . Vonnie sticking with jobs, the u. S. Labor market closed the year with a little less momentum. Nonfarm payrolls rising hundred 45,000, compared with a median estimate higher than that. Unemployment held steady
Moving news from all around the world. Joining us from riyadh is yousef gamal eldin. Ivan levinsohn joins us from tel aviv. Oliver cook sorrow oliver is in munich. Buts start with study ready with saudi arabia. Finance with the saudi minister and asked if the recent attack had an impact on saudis numbers. Heres what he had to say. It will be a couple of days before we are back online. Alix yousef joins me now. Tell me about what you learned, and what we can expect Going Forward. The idea being that a lot of the output is being recovered is one thing, but youve got the political developments, which are what investors are going to be zeroing in on in riyadh and far beyond saudis border. The Saudi Crown Prince has been speaking with the french president , the south korean president , and deliberations are underway between the u. S. Secretary of state and the saudi authorities, as well as the united arab emirates. That thereng here is has to be a response what happened with the saudi aramc
Futures started dipping down. They are worried carrie lam is not going far enough. One opposition lawmaker, says. Oo little, too late another says the protests will continue because there are still four more demands. She had already suspended the extradition bill two and a half months ago. She stated steadfast in her demand of not officially withdrawing it. Why withdraw it now . We are getting much closer to the october verse day holiday in china and xi jinping does not want anything like this on the streets of hong kong marring their 70th birthday party. David terribly important. One of the demands there be an independent investigation into the situation. Where is carrie lam on that issue . Stephen that is another reason the activists have dismissed todays statements. She rejected those calls for an independent commission or an independent and query into what the activists say was Excessive Police brutality. She has already put in a framework, a panel led by the police and she says th