Time to recover. We have doubt. We expect choppy conditions to come in the months ahead. Choppiness heading into the next couple of quarters. Jonathan joining us now is priya misra. Fantastic to have you with us on the show. Clearly this recovery is stalling and you are getting incrementally more bullish on treasuries. Is that right . Priya i am. The data is better than my we were looking for. We were looking for data to improve and it is coming in better than that. In the backdrop we have rising covid infections in the u. S. And globally, which means we have to live in this environment for a while. That will hurt the opening, perhaps delay, slow down. It will affect consumer confidence. Event. A very big a different policy proposals on both sides. That is going to make risk assets hard to price. Things look pretty positive in august. We are near the lower end of the trading range in the 10 year. Are going backe to that 60, 80 basis point range. Jonathan there is a ton of risk on the h
Advance the measure both for 11 30 a. M. Eastern. Now live to the senate floor here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will open the senate with prayer. The chaplain let us pray. Eternal father, our souls long for you, for we find strength and joy in your presence. Guide our lawmakers to put their trust in you, seeking in every undertakin to know and do your will. When they go through difficulties, may they remember that, with your help, they can accomplish the seemingly impossible. Give them a faith that will trust you even when the darkness is blacker than a thousand midnights. May they always find strength in your providential leading. We pray in your strong name. Amen. The president pro tempore please join me in the pledge of allegiance to the 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
S p 1. 5 and the best quarter since 1998 and nasdaq gained 1. 87 and looked fast tas tic fc my own point of view were the stocks with a lot of ingenuity and a lot of great luck. Many were stocks that bounced back from the march meltdown thanks to the 2. 2 millitrillion stimulus package these compapanies got lucky. The government intervened and worth a lot more money but it didnt take any ingenuity for carnival to rebound from the lows they were saved by the fed no, i want to talk about companies that have shown they can survive and thrive during this pandemic so no signs of abating in the u. S if anything, its getting worse. The pandemic is gets work because millions of people refuse to take the virus seriously. They wouldnt wear the mask. They even subjected to some of the guys on capitol hill today they wouldnted a ve ed ed edal distancing guidelines so there are breakouts in the south and west first, sometimes you got to go with the obvious zoom video there were many other outfits t
Major amples we saw a surge in cases for example, in other parts of the country that had not been as hard hit jim, i can go through a list of things this morning that perhaps would give investors pause in a different environment, whether it be beijing, and the recent closure of schools there as they deal with a surge in cases it is only 137 but nonetheless. Flights also there we will get the update from beijing. Layoffs at the likes of at t or hilton quest giving us gooit guidance that still speaks to the weakness of that business. Yet here we are with potentially another rally in store a half hour from now. David, all of those things you just mentioned were things that maybe we expected to happen im looking at 25 pieces of research that i have sent to you in synopsis, the vast majority of them are raising price targets. Why . Because the targets were slashed before we knew that the Federal Reserve was going to back stop all of these companies so the Federal Reserve is saying if you ar
We break away from this portion of washington journal to fill our longtime commitment to bring you live Senate Coverage. Follow this at cspan. Org, senate gasoline and next coming up shortly. Senator Tammy Baldwin will deliver the annual reading of washingtons farewell address. After that the senate will debate the nomination of Robert Malloy to be a district judge for the Virgin Islands with the vote to limit debate on the nomination is scheduled for later this afternoon. Live Senate Coverage is here on cspan2. The chaplain let us pray. Eternal god, the center of our joy, make us your captives so that we may live liberated lives. Provide our senators with the spiritual, mental, social and physical revitalization they need just for today. May they place their trust in you and experience your profound peace. Grant that they will relinquish their worries to you, as they permit your perfect love to cast out every fear. Lord, show them your redemptive purposes in every problem they must so