Liz i do think spreads are important to watch. We always know theres a tight connection between the credit markets and the equity market. Especially high yield vs. Equity and i agree that when spreads got as compressed as they did, there was probably not sufficient compensation for those hotelers for the likely risk. Were seeing in it bankruptcies, which have spiked back up. They had a spike in may, leveled off and theyre picking back up back to 2009 levels and i do any what happens with spreads and more broadly in the credit markets, as it did in the march time frame will inform what happens in the equity market. Equity investors need to have a particularly close eye on the credit markets right now. Were seeing about a 50 uptick in terms of your average trading for the nasdaq. And what are you expecting for next week . As renee was telling us earlier, were heading towards a shortened week. Early data on the labor market only thursday because of the ourth of july holiday weekend. Lils
Geopolitical tensions weigh on markets. The u. S. Reviews its plans for north korea after a pyongyang show of force. Calm. G version for Chinese Investment picking up. Lets check the markets. Those trading figures out of china are being felt across the markets. The Australian Dollar is mostly affected by chinese tray numbers. The china gdp figure pretty good. The Australian Dollars saw a jump. It is up 0. 1 . If you look at the function on bloomberg, the south korean won is spiking 3 10 of 1 . We are seeing iron ore feeling the pressure, pressured since entering a bear market. The sovereign bonds, mixed a little bit. We are seeing the u. S. Treasury yields continuing to slump. The australian markets are closed for the holiday. Gdp numbers, china but also geopolitical tensions. North korea and turkey. Plenty to digest. If you look at what happened to the turkish rea, the first gauge of their result and what a rally we saw, as much as 2. 4 strengthening. Vote. Ere seeking a yes we are ju
That now. Yet it is at the hands of broadcast Tv Networks Carry out when internet startup is airing the signals of the biggest broadcasters for free on line the networks are turning to the Supreme Court to try and stop them. So is korean broadcast tv about to fade to black. Find out later in the shuffle. Monday january thirty five pm here in washington d c it. I am as walling youre watching our team america. The nca and West Virginia where hundreds of thousands of people are living without water water is trickling back for some residents but most are still going without it. Water restrictions went into effect thursday in nine counties in West Virginia when it was discovered seventy five hundred gallons of toxic chemicals leaking out of the storage tank and instead now forever. Fourteen people have been hospitalized of the three hundred thousand residents living under the banner. Thats about ten thousand today were told its ok to turn the tap back on. The rest are told not to drink bath
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