Expected treasury secretary nominee janet yellen. Americans expectations for the future even grimmer. With no fresh round of stimulus and covid cases surging, many people are not feeling so optimistic as we head into the holidays. One Positive Side of the economy is housing. Joe it was one of the early strong parts of the economy this summer and continues to show incredible momentum. The speed of Housing Price growth through multiple measures. Month over month, i think that is the fastest pace of home price growth ever. Sincet sequential growth 2013. I dont even know if that is a good thing. If you own a home, i guess that is good. If you are looking to buy a home, not great. Caroline there is always the haves and havenots in any story. Consumer confidence, we know that the u. S. Economy is determined by the strength of our desire to spend here. Consumer confidence was not looking so pretty. We had dana talking about the worry that there is in peoples minds, that they do not see the ma
Were up, and then lifted nicely at the pfizer announcement, 1. 11, up 12. We are near dow 30,000. To me, the clarion idea is that the vix is peeling away the fear , the volatility that is out there come up with a vix at 22. 01. Jonathan wejonathan have been doing that since the election, and the move got a big boost of the pfizer news from last week. The final efficacy rating, and the number is decent. Lisa 95 , better than the initial read last week of 90 . S is the mark on brands this is the more comprehensive data. Of over 65, so preventing illness. An incredibly good display here. The interesting thing to me is that we are not seeing more of a reaction in markets. It is already baked in, and in fact, you are seeing bond yields a little lower on the day. They are just flirting with this idea that longterm, we are not changing the scenario, even with this incredibly good news. Equity futures are elevated on the s p 500. A big move in the equity market. We stayed elevated over the las
It seems investors once again looking past the difficult months that may be ahead. Pricing forwards month statements are nine months ahead hoping we get past the virus. There could be difficult time ahead but this week you will not know it. David i should say. Thank you to Abigail Doolittle for that report on the markets. Overnight we were reminded of the complexities of the u. S. China relationship as a Foreign Ministry spokesman congratulated Vice President biden even as the trumpet ministration was bidding u. S. Investments in unspecified Chinese Company they say is tied to the chinese army. Richard haass published a Foreign Affairs piece called repairing the world in which he lays out the issues that will be in President Bidens inbox the day he walks into the oval office. Welcome. Great to have you with us. China is in the inbox but is not the first thing. The first thing is covid19. Richard i agree. China is in the inbox and will be for president as for the eye can see your the br
The next four years and what it can reasonably be expected to achieve. Number what, largely, to be a steward of the nations recovery. Having to reconcile with an agenda that formally biden cant begin to implement it until january 2020. That leaves time for the Trump Administration to steer the agenda to our they favor. Covid cases are trending higher. There are signs that Economic Growth is showing some strain. When we talk about what good potential he talk about, Mitch Mcconnell is on board for some fiscal stimulus. Jay powell out there also making comments about what could potentially be done. Carolinerobably why sort of stormed off the set. Ratio, a lot of people in washington, look where the budget deficit is. I know you are a closet mmter, joe. Explain to me how you get a major fiscal stimulus done. Joe you just vote for it. Politicalm is constraints. There is a lot of agreement, we need more stimulus, various programs that were enacted at the start of the pandemic, we have a spen
I titled it a Promised Land because even though we may not get there in our lifetimes, even if we experience hardships and disappointments along the way the nightly still have faith we can. A more perfect, not a Perfect Union but a more Perfect Union. Good morning and welcome to a very special edition of Washington Post life. I am Michele Norris opinion columnist for the Washington Post and founding director of the race project and for this very special conversation this morning im joined by my dear friend elizabeth alexander, poet scholar and president of the injured w. Mellon foundation. Good morning elizabeth. Good morning michelle. Its wonderful to be together. It is wonderful to be together and together we both welcome our guest for this conversation the 44th president of the United States, barack obama could i assume you recognize that guy in the middle. Good morning, sir. K dies. You brought up the big guns for this one. We are so excited to see you. Im very grateful that you gu