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Across parts of the bay bridge. As we head to our afternoon we are looking at cool tor 40s to low 50s and all of us will be in the 50s this afternoon, below average we will track the rest of our future cast coming up. Lets check in with gianna who is working from home this morning. December Olympic Games will be pushed or 2041. The ioc has been under impressed center live look from capitol hill. Senators will be back at the negotiating table today. A 2 trillion economic stimulus package is the focus once again. The third senate vote on the matter could come sometime today. House democrats are working on their own Coronavirus Response legislation, which is adding pressure on the senate to reach an agreement. Atten curve. This is not the time for a party, for a play date. You cant do that at a pickup basketball game. You cant do that when you are recreating as you have in ....
Data check for you. Stoxx 600 pretty flat this hour. Fourth of july low volumes waiting for payroll data from tomorrow. Outperforming. Yields areyear certainly worth talking about. Yields have dropped below the 0. 4 level, below the ecbs deposit rate. Weve got gold still acting as a haven above 1400. The dollar index not moving all that much. President trump doesnt like the strength of the dollar. We will talk about that. Wti not reacting positively to the production cuts extended by opec. Lets take a big picture look at what is going on in these markets now. The u. S. Stock market closed for trading for the july 4 holiday. In europe, equities continue little changed while investors search for direction and await u. S. Jobs data. We are joined now by paul markham. Very good morning afternoon, in fact, here in london. Valentin, lets come to you first. It does feel like risk off is back on. Currencies are outperforming low yield ors. It remains to be seen whether that positive feeling wi ....
Assets and into bonds. Rushing into treasuries. The perfect storm in the treasury market. People are very nervous. People are coming around to the various factors and uncertainties. The combination of the safe haven demand of treasury plus the idea that growth is slowing. Declining global growth. Lackluster growth. Trade tensions. Rhetoric with china is not only back but escalating. New tariffs on mexico. Mexico. The mexico exculpation escalation. This is a real problem. This is what the market is trying to do, recalibrating how much risk we should price in. Jonathan joining us now are our guests, great to see you guys. Your thoughts on the big move we have seen in yields this week . It is interesting, we went from goldilocks to goldilocks, to goldilocks found the bear. I think it is a little overdone the economy is slowing but still , seems to be doing well. I think its overdone. Jonathan i know everyone around the table thinks it is overdone. Michael, you definitely do good i do. The ....
Rushing into treasuries. The perfect storm in the treasury market. People are very nervous. People are coming around to the various factors and uncertainties. The combination of the safe haven demand of treasury plus the idea that growth is slowing. Declining global growth. Lackluster growth. Trade tensions. Rhetoric with china is not only back but escalating. New tariffs on mexico. Mexico. The mexico exculpation escalation. This is a real problem. This is what the market is trying to do, recalibrating how much risk we should price in. Jonathan joining us now are our guests, great to see you guys. Your thoughts on the big move we have seen in yields this week . It is interesting, we went from goldilocks to goldilocks, to goldilocks found the bear. I think it is a little overdone, the economy is slowing but still seems to be doing well. I think its overdone. Jonathan i know everyone around the table thinks it is overdone. Michael, you definitely do. I do. The only way we can get above 2 ....
Its end. The shareholders place their final votes in the battle between the mouse house and trion. We will share it sit down with a shareholder, ross gerber. Caroline spotify raising prices for the second time in a year. We will discuss that and so much more through it throughout the hour. We have a strong set of data when it comes to adp numbers and the labor force in the u. S. Maybe a pullback in the Services Area that breathes life into the equity market after the biggest selloff in a month yesterday. We are up on the nasdaq. Tenyear yield crescendos higher at the moment. Borrowing cost moving with the idea the market thinks maybe we will not get the three rate cuts the fed reserve has signaled for this year. And looking at taiwan trading. Look at whats happening in the world of crypto briefly. Currently up 1. 4 , spiking a little bit in the last couple of hours of trading. We are still at the 66,000 level. The etf flows have sl ....