Tom jon, get out of the sand trap, or whatever he said last night. Just absolutely extraordinary. We have been talking about it all morning. I would think the worldwide audience must be. Just extraordinary. Can we also note there is a job economy coming up, and maybe the next debate they can talk about where this unemployment factor is maybe going . Jonathan and maybe the csuite is still very strategic about when they drop bad news. The Walt Disney Company talking about dropping 28,000 jobs a few hours before debate. Tom well said. Jonathan it is amazing for me to wake up this morning, to watch back at that debate and hear the former Vice President call a sitting president a racist, and it doesnt even register. It is not even a headline this morning. That speaks to where we are at currently in the political discourse in washington, d. C. Tom some of the discussions on the white super missy issue last night are beneath the fold because of the turmoil, the emotion, the rage and the rank
About President Trump and congressional republicans. I guess you are getting that body language from Mitch Mcconnell. But why is the bond market moving . We are at 0. 83 on the 10 year yield, the steepest back to march of 2018. We are pricing in stimulus at some point. Jonathan through 80 basis points. Wonder if, off the back of a move in treasuries, people start to talk about reflation all over again. Lisa i dont know that the underlying data is really supporting that. We will get a read at that with iea crude oil inventories. A report yesterday showed a surprising building u. S. Inventories. Many people are not consuming as as the covid crisis continues to spread. Meanwhile, today, i know you guys care a lot. We get a lot of fed speak. Weve got loretta mester, neel kashkari, tom barkan, randy quarles, and jim bullard all today. Every day it seems like they speak more and communicate that much less. We are going to hold rates low. The question is just the threshold to further stimulat
Others of the planet. Serious. New lockdown in melbourne. Difficult news around the world on cases of the virus, john, even though the death statistics are good. Lisahan on this recovery,. [no audio] lisa garage of fed speak. We will hear from raquel bostic and tom barkan. 10 00 a. M. , another read on the u. S. Labor market with the job openings data. This is key. President trump participating in a forum on reopening schools. Until schools we open, we cannot get the economy fully up to speed because working parents cannot get lives back to normal, a key debate when you want kids cap safe kept safe. Jonathan equity futures down. Hours, all about Global Equity market rally. U. S. , nasdaq back to alltime highs, up 60 yeartodate. The question. How do you tilt away from the u. S. When it is the home of mega cap Growth Stocks . I want to begin by asking the question to james. Help me understand. It is the home to mega cap tech, apple, amazon. Why would you tilt away from that story for the
This morning, good morning. This is bloomberg surveillance on tv and radio. All about the bond market out there allowing the u. S. Downgrade. Some half decent jobs data and the treasury announcing a ton of supply. Yields of every single day this week. This could the board of if we can on the bond market. 10year u. K. , japan, and germany. Higher by six basis points. I wouldnt call it dramatic. Lisa it is not dramatic, the slow bleed upward has gotten new focus as we reached levels that we havent reached going back to last november. You could talk about fitch and the downgrade yesterday but a lot of people view that as an excuse to catalyze the fears of the fiscal overhang of the new borrowing schematic from the u. S. Treasury department which is bigger than people expected. This general concern that if the economy is going to recover, maybe you get a soft landing, maybe no landing. Jonathan excuse to sell or a reason to sell . Lisa it was an excuse to sell for people who werent necessa
Morning, bloomberg surveillance on bloomberg tv and radio. Your equity markets are highly unchanged. We start in the bond market, twoyear, fiveyear, 10 year, 30 year. Cycle highs. Tom global wall street is focused and quickly nonglobal wall street will get focused. There has been a shift. It could be because of israel or this, that, or the other thing. Statistically we reached a tipping point. Jonathan is this a substitute for further reaction from the Federal Reserve . Lisa you will be speaking today at noon. Yesterday tom barkan said that the problem with allowing the long and to do the work for you is that it moves. Although right now it seems to be moving in a more restrictive place. Im curious. The fact that we had risk off yesterday and at the same time we saw bond yields reach the highest levels going back 16 or 17 years across the curve, what does that tell you about the new haven status about the treasury market . That is going to be an underlying angst. Jonathan the communica