To work our way through. Let me start with the Michigan Consumer sentiment index. Headline number coming through at 76 point nine, broadly in line with expectations of 77. Current conditions at 87, i had of expectations. At 75. Tions youve got the difficult situation i think the consumer has got to figure out. Do i worry about the here and now and worry about the impact the virus is going to have over the next weeks and months, or do i think about what the vaccine is ultimately going to deliver . Like the markets, i think the consumer is probably having to balance those factors out. Kailey i want to point out housing data as well. The Housing Market has been particularly strong. That does continue. A pace of 909,000, versus the estimate of 975,000. We are getting october personal spending data, and for more on that as Bloomberg International economics and policy correspondent Michael Mckee to break it all down for us. Michael michael it is may the most important number of a lot of numb
Joe, its these mnuchin headlines getting something done in terms of stimulus by the election, he says, is tough. That caused a bit more of a selloff in stocks and it underscores why the nasdaq continues to have a bit under it yes, it does clearly and youre also seeing a little bit of a fallback in yield, scott. The tenyear is pushing back towards 70 basis points, somewhat troubling, i would think the market needs a little bit of some of the Forward Momentum that its been carrying in the last week or so to really cool off a little. I think we were getting a little too vertical in the way we were appreciating so the negative news that youre getting on the stimulus aligns with maybe a much needed little bit of pause in that rate of appreciation im not overly concerned by it. Yeah, rates are falling you see it there 71 basis points is where we are on the tenyear, an issue to deal with, tiffany, or perhaps the message in the fall. Everything is coming down on the mnuchin comments but its mo
Stimulus and higher bonld yields as well which reversed and went the other way. Dows down almost 300 points is this art of the deal or do traders really need to pare back their bets over stimulus lets get right to maike santol for the market reaction. What stands out to you right now . First of all, its an incredibly clean test of where the market was and what it was trying to bake in over the course of this rally which as will fred said was whats really fascinating too is the news came as the s p 500 was just hitting these levels that everyone has been saying oh were going to give room to this rally to get to 3425 and then well see what happens we were just above that in the afternoon and then we had this little reflex. I would caution everybody to keep in mind that we dropped to where we were trading yesterday morning right after the close. So there has been a little bit of a head of steam and builtup gains in this market this doesnt necessarily completely alter the premise of what w
A school they could have called it months earlier they would have known. U. S. President donald trump lashing out at the World Health Organization for not acting fast enough on the coronavirus it comes as the United States reports its highest single day death toll and no agreement yet after all night talks for an e. U. Economic rescue plan hard hit italy is leading the call for help beset by financial problems before the coronavirus tent. Im sorry kelly welcome to the program among song lock down starts to ease today in wu han the chinese city where the corona Virus Outbreak was 1st reported at the citys drastic measures have served as a model for countries battling the corona virus around the world after 11 weeks chinese authorities are now allowing residents of new han more freedom of movement this milestone comes as china reported no new deaths on tuesday. Its about time as the clock struck midnight and will hand one of the major last day measures was removed in travel an impressive
Problems before the coronavirus hit and live tons of becomes the 1st Major Carrier to announce permanent cutbacks to its operations as the corona Virus Outbreak continues to throttle the aviation industry. Im sara kelly welcome to the program a month long lockdown starts to ease today in wu han the chinese city where the corona Virus Outbreak was 1st reported the citys drastic measures have served as a model for corona virus battling the corona virus around the world after 11 weeks chinese authorities are now allowing residents of one han more freedom of movement this milestone comes as china reported no new deaths on tuesday. Its about time as the clock struck midnight. One of the major last day measures was removed in travel an impressive light show marked the occasion featuring Health Workers and the words heroic city others werent pausing to celebrate instead thousands of travelers flock to catch trains or take advantage of remove from roadblocks. So. I feel great the epidemic has