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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 ....
Lovely to see you. You, too. And thats, piers. We begin with breaking news about your employment, your paycheck, all of it is at stake if the country kbs over the fiscal cliff. Its a cliff that the lawmakers built. Theyve set the tuesday deadline, theyve known it was coming for more it and a year. But until now theyve done little to agree on tax increases on tax cuts until that time. People in this building have none whats coming on tuesday yet theyre only returning to get back to work just now. Senate came back yesterday. House members, well, they wont be back until sunday. This afternoon house on Senate Leaders met with president obama at the white house. They talked for about an hour. Afterwards president obama said he was modestly optimistic. Bypassing House Speaker john boehner, who has had trouble getting his fellow republicans to agree to anything, the president called ....
Headquarters in new york. We begin with former joe bidens projected win in the South Carolina primary last night and while it was expected, his huge margin of victory was a surprise for some. He pulled in nearly half of the vote. Bernie sanders is projected to finish a distict second and tom steyer is projected to be third and just below the delegate threshold. He dropped out of the race last night as the results came in. Pete buttigieg and Elizabeth Warren are projected to finish fourth and fifth respectively. You can see Amy Klobuchar a distant sixth. Exit polling showed he dominated the demographic with 60 of the black vote and so far biden has won 36 of the 54 delegates available in South Carolina. Sanders has secured 12. Six remain to be allocated. While sande ....