Morgan stanleys lead biotech analyst is here on this thursday, may 21 you are watching here on cnbc. Good morning, good afternoon, good evening and welcome where you may be watching thank you for starting your thursday with us here is how the Global Markets are getting through their week the dow indicated down over 100 points i wouldnt buy too much into it. It has been a very volatile week we were up big plus 900 points on monday. Up fairly big, up solidly yesterday as well. Could be a topsy turvy week. The dow is up nearly 4 just this week. The s p 500 is at the highest level since march 6. Some big news in the bond market the option of 20year bonds that raised 50 billion why is that news we have not sold as a nation 20year bonds since back in 1986 also a bunch of single stock stories we need to Pay Attention to on thursday taketwo interactive a little lower this morning. Everyone apparently staying home playing video games. Just off the alltime high stock two, expedia, a little highe
Microsoft after the bell. First check on the markets. Dow up 300. Gains for the year pretty much flat, which is the outlier given the other indices. S p holding 4250. We have some decent guidance from old line industrials. That plus rates stabilizing adding to a pretty good picture. After five straight down days on the s p. Yields are up a little bit. Were below the 5 on 10year and guidance on Kimberly Clark and that es are companies that get hit by the strong dollar, which theyre absorbing. Lets start off with bonds. Bank of america saying the peak in rates could be around the current levels, though uncertainties remain high. Then barclays weighing in saying bonds dont look like compelling value despite the selloff. Ubs seeing better value in bonds than equities. What should we expect for rates from here . Do bonds provide better value than stocks . Joining us is td cowen president jeffrey solomon. Jeff, do you think weve seen the top in yields . I think were closer to the top than no
Stable genius. Reaction toet your what he had to say on twitter. 202 7488000 for democrats. 202 7488001 republicans. 202 7488002 independents. Send us a tweet. We will read them. Join us on facebook. Good sunday morning. We will read them. Was begin with the president s tweets yesterday lets begin with the present president s tweets yesterday. Wrote he wrote he the president yesterday on twitter. We want to get to your calls and comments on his description of being a very stable genius. Headline of the New York Times, trump declared himself mentally fit. President trump who sometimes whos a sometimes erratic vior whose sometimes erratic behavior that this morning from the New York Times. Much of this focusing on the new book fire and theory fire and fury by Michael Wolff. Yesterday the president addressing the book and also questions on his twitter comments. Talking about the policy issues. This morning you are tweeting about your mental state. Why did you feel the need to tweet about
Differently. If you are currently insured through the Affordable Care act, inshore through medicaid and medicare and uninsured. Let me begin with the Affordable Care act what has or hasnt been repealed . Hast the only piece that been repealed was the individual mandate. The requirement that must be all have insurance or pay a fine along with taxes. That doesnt happen next year until 2019 so this year the mandate is in effect. I think people are confused about that. The healthelse in law is still there. Host if people vote to , what did they see and what were they able to obtain . Guest they were able to obtain state except every for where there was uncertainty. Say that they dont have any idea what is going to happen. And so they will bow out. To sign upho went were able to find coverage. They did find in many cases that premiums had gone up. However, if you are under 400 gotoverty, those people good deals for complicated reasons we will get into about trump canceling federal payments
Biography come entities such a kind as we talk them out of it. But gathered and published his own biography which sold michael can correct me on this 7000 copies. And natalie says that andrew cuomo will not be a president ial contender for a while, if ever who is he as a contender in michaels biography . A boy and did and a young man who crave the approval of his distant, started primarily absent father. And obvious political zion who question such a future even as he strove to succeed in the rough top corrupt world of state politics, and with all the while he, a bedbugish figures bear a joy, albany. A man who contended for another father figures attention, bill clinton, and got it making him the youngest Department Cabinet member ever, which meant heading up a disintegrating department of housing and urban development, which he turned around. A husband to a kennedy and the elf it into that family and was soon drowned out by his own human flaws and the flames of marital scandal. And th