Time for todays market moving news from our washington and new york bureaus. President trump is pushing to reopen the economy, even if it leads to more deaths. Speaking in arizona in his first trip outside washington more than a month, the president is preparing for phase two of the u. S. Response to the coronavirus. Pres. Trump the people arent going to accept it. They wont accept it, and we shouldnt accept it. We have a great country. We cant keep it closed. Ive had doctors say, why dont we close it for a couple of years . This is the United States of america. Will some people be affected badly . Yes, but we have to get our country open, and we have to get it open soon. Alix Kevin Cirilli joins us with more. Good morning, kevin. Kevin good morning. The president returns from that trip to arizona, really signaling that he is going to be taking his message of reopening the economy back on the campaign trail in arizona, where polls have him trailing joe biden anywhere from 4 to 6 . Clea
It is obvious the smoke is affecting air quality and the further north you go, the more smoke there is. Along with frank and gasia mikaelian, im here with frank somerville. A lot of people in marin without power, power may come on today and come up again tomorrow. That kind of thing. We have one viewer in pittsfield who went into by premade sandwiches, 27 people in line waiting to get out. We did not have power and now we do. I think it is going off again tonight. A lot of your caught in the back and forth so we will talk about that in a second. First we will start with the big story and that is of course the kincaid fire burning in Sonoma County. The fire continues to grow but is moving at a slower pace after less powerful winds gave firefighters a break overnight. The kincaid fire has burned 118 square miles, an area about twice the size of the city of oakland. Crews have maintained 15 containment. There are Evacuation Orders in sonoma, napa and lake counties. Some 90,000 buildings a
This fund in times of turbulence. We saw them withdrawing as markets calmed. Traders tell me this is usually a cash parking vehicle. Sarah i have been keeping an rates, or theven spread between nomination yields and those on similar maturity. Really all month long, we have seen them moving lower. 10year and 30 year, we have seen them fall the most this month than any other month this year. I spoke with the head of u. S. Ate strategy over a ups ubs. He said they are following along with the story and equities and oil, also saying it is setting a similar message as to the inverted yield curve. Lisa thank you so much. Andl with us, dances of the dan suzuki and luke kawa. I want to pick up on a notable theme. I wonder what your take is, that even though the Federal Reserve is expected to cut rates by 23 more times this year, it seems to be ineffective in getting the yield curve to steepen. What is the message . Dan i think the messages that things are slowing down. Theres a lot being made
Painting a rosier picture of economic fundamentals. Joining us is david zervos, looking sharp with the new haircut. David, what do you make of the fact that we have bounced back pretty nicely . Yesterdays reversal and some followthrough today what does that tell you . I think the trade tensions are definitely a story summer liquidity is the story. It was a pretty aggressive 200point plus move in the s p and the interesting thing from the price action for me is the rate market. The rate market had an incredibly large move. One of the largest weve seen in a while and it really hasnt come back off that much. So while stocks have rallied back, you would have expected maybe rates would have sold off a little more, risen a little more and they havent. So this is maybe telling you more that people are getting comfortable with a fed view that is cuts are coming and probably more cuts are coming than people had been nervous about with the meeting. You know the important thing in that answer, da
About the fact that in general we have such missiles that can fly to a distance of 1,500 km, well , maybe he was talking about one or two copies of these missiles that are not in mass production, but still ukraine has always been a missile state, that is, we have technologies that can be implemented, and there are specialists who, i hope, are still left who can do it, why do you think, but in a year and a half, you already mentioned drones, which cannot , the production of which they cannot establish, why cant we establish the production of elementary things that are needed by the ukrainian army, and obviously we have these technologies, and these opportunities exist, and it could be done somewhere in the neighboring states, right at the borders to put these tsikhs there and simply produce these rockets, there is of the ministry of industry, there are mines. Damn it, there are a bunch of officials who, in principle, should have done it, lets be honest, the Political Office of the fsb o