13 days out to the election. Weve got lots in this hour. Wendy schiller of Brown University will join us on the changing political landscape. There is Market Movement today. We will talk equities in a moment with james bevan. I love his work on a more longterm perspective. Lets go shortterm. Where in the bond market argue focused . Jonathan long end, of course. Front end anchored, a bit of a snooze. And youre starting to break out a bit over the last 24 hours, just north of 80 basis points. Just around 95 was the intraday high in june. We have not reclaimed that level. Whenever we see a price move like this, it is a bit more fuel for the reflation narrative. It is price first, narrative second. Tom i saw just a little bit breaking out to higher inflation. What is the significance of the vanilla spread, the difference between the 10 year and the twoyear yield, back to march of 2018 . Jonathan jonathan steeper, and the five year versus the 30 year, also steeper. I think weve got to get m
Topal coronavirus cases 16. 3 million as the republicans lay out their 1 trillion plan for the next round of u. S. Stimulus. Democrats are expected to join the conversation shortly. Begins final stage testing of the Covid Vaccine is the government releases another half a billion in funding for the company. We hear from the ceo later this hour. Shery lets get you to the press conference happening right now. Senator Mitch Mcconnell presenting the republicans 1 trillion plan on stimulus measures for the u. S. Economy. You are listening to senator grassley who is taking to the podium to say what these deals will consist of. Take a listen. Adults, orey somebody elses dependent. Have additional unemployment insurance. Thats on top of whatever the different 50 states give. And on top of the Economic Impact statement i just gave. We want to continue to help the unemployed, but we want to encourage work, and weve learned a very tough lesson that when you pay people not to work, what do you expe
Authorities really impose restrictions as the corona virus infection rate that triples. And install perry son jim and when a record extending 13 french name all schools the winner again senate seat in his football returns to france following a 4 month break by corrupt. Science of the increasingly fraught relationship between the u. S. And china have been playing out in the chinese city of chengdu staff at the u. S. Consulate there have been leaving with bags packs after its closure was ordered by chinas government about was in response to washington closing the chinese consulate in Houston Texas will have a live update from the u. S. In just a few moments but 1st i was here as a treat a year reports from beijing. Do work has begun dismantling the u. S. Consulate 1st founded in the southwestern chinese city in 1905 Chinese State media says stop have until monday morning to take hate the premises beijing blames the u. S. For the escalating tensions and has accused the trumpet ministratio
Reporter through 2022 the Federal Reserve keeping rates near the zero mark. Gdp growth for the fed shows a loss of 6 1 2 this year but bouncing back 5 1 2 growth for inflation. Fed predicts inflation under 1 1 2 for the year 2020. Not reaching 2 target goal for the end of 2022. For the Federal Reserve, federal federal funds rate going nowhere. Listen. Were not thinking about raising rates. Were not even thinking about thinking about raising rates. Were providing for the r support for the economy. We think this will take time. Reporter Federal Reserve chairman Jerome Powell says their goal is to get back to the record low unemployment, and inflation back to the 2 target line. They hinted they may let the economy run hot to reach those goals. He says record drop in Second Quarter growth but a bounceback towards the end of the year on unemployment. He says we may have seen the bottom. Listen. The labor market may have hit bottom in may. We dont know that. Were going to see. And you know,
Days when that meant something and it really mattered. We respected people who hold these types of positions. We look forward to hearing from him tonight. Leavingink without even the stage, i will get the first panel underway so that we can start this. Professor, illege would say, get your notepads out. We will start with our first invite thei want to panelists to come up to the stage. Tim sale from the university of to chair theing panel and lead the discussion. , who has beento in the news quite a bit. Meghan osullivan, the kirkpatrick professor at the Kennedy School at harvard, an expert on north america, among other things, and one of the officials of the trilateral commission. Peter feaver, welcome back to the hilltop. He is a professor at duke and director of the grant staff Strategy Program and former white house official in the Bush Administration. If you would not mind joining me and giving a big round of welcome for our panelists. Tim . [applause] tim thank you. It is a pleas