We go to the vxx which is 12. 03. Some of the geopolitics of the weekend the ruble is putin friendly. The indian rupee after that momentous election continues to strengthen this morning. Lets look at this data check. Is the one year yield guess five years forward, in 2019. We have come down and down. This is disinflation, dampening. Tradersher words, what think the one year yield will be five years from now. Andhere it is, we go down that is the back story as we go into this memorial day weekend. We scoured the papers and looked at the websites. Weve got the day off on monday. In ukraine, they are looking ahead to the president ial election on sunday. There is a burst of violence overnight there. The military suffered their worst loss as it prepares for the polls. Rebels in ukraine attacked Army Checkpoints and killed 16 ukrainian soldiers and i been other fighting. You have to believe the next 2448 hours injure sunday is critical into sundays critical. Vladimir putin has promised to w
Lets kick it up with what everyone is talking about and what else could be on the first friday of the month . Big upside surprise, 200 88,000 jobs traded last month and the Unemployment Rate drops to 6. 3 , the lowest since september of 2008. Impressive, those are good numbers. The most new jobs added to payrolls since january of 2012. Is that good news . The headline number is good but the details are not quite as good. Thats why we see the markets back off a little bit from their initial excitement. It is a tale of two surveys. The Establishment Survey is very good, to went 80,000 jobs this is the weather, its over and we are coming back on that but then you look at the household survey, it measures how many people were employed. We lost jobs, 73,000 jobs in the household survey. Which one is correct . Or more leave the labor force which drives the on employment rate down. If things were getting that much better, why arent people coming into the labor force . The discouraged workers
Good evening and thank you for joining us on this saturday. Im cecilia vega. We have a lot of news to get to tonight, but we begin with a dangerous combination lingering from the last days of winter. Heavy rain and melting snow tonight triggering flood alerts from the gulf coast to the great lakes. Take a look here in painesville, ohio. Ice on the grand river breaking into huge chunks, slowly moving down the stream. And in southern illinois, flooded roads trapping cars. This driver needing a rescue. In covington, connecticut, riverside drive, more river than drive, a familiar scene along many river banks tonight. Right now rivers still on the rise, the flood fears are very real. And abcs senior meteorologist, rob marciano, starts us off. Reporter tonight crews closing the flood gates in newport, kentucky, bracing for the floodwaters of the ohio river. This playground in nearby bellevue already submerged, as well as this street in covington. The water now nearly five feet above flood st
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