Options. The 30 year seemed to not go as well as planned. Your getting a huge lift up in yields. The last week, we are up 15 basis points. You are starting to see a repricing underway. Romaine we did have another ipo today. We had qe holdings which is a Chinese Company that did debut, up 87 on the day. There is risk appetite, people are picking and choosing bets as anthony was alluding to. Lets bring him back into the conversation. Global strategist at a mayor price. Se. N you look ameripri when you look at the bond market and the positioning of yields here in the idea that a lot of the runup we have seen to risk assets is at least in part due to the record low yields, do you worry if we see a Material Movement up in yields, the selloff in the treasuries continuing, that would have any tangible effect on equities . Anthony it could. Not something that keeps me up at night. The main drivers are trends in the economy, in the environ in the virus, and if we will get a vaccine by the end o
Texas. Meantime, covid19 cases continuing to rise with 4 million reported across america. But today, the u. S. Centers for Disease Control that is control is advising schools to open, after originally highlighting the risks. It added up to another down day for stocks. Joining us, abigail doolittle. Abigail a lot to digest, and you nailed all the issues. A big piece of it has to do with the big xl off, but the rising tensions with china have been the backdrop for the past two years, but really coming into the forefront here. And economic data, frankly, not right. Investors are paying attention to that. You put it together, nasdaq 100 down. 9 , down on the week for the second week in a row. Stocks hit even harder, down 1. 6 . What intel really disappointing, at lowes down 18 per soient, worst day at that point since 2000 to one Third Quarter guidance for that chip to let you talked about, and also the idea that manufacturing of their trips could be changed. We had investors going into a
They cannot come into a business and interview a minor without parents consent. Reporter employs wanted to record the interaction but were told they could not. They said the citation was written for failing to follow the Public Health order. The owner said that this is a roadblock to recovery for Small Businesses that have been cited. But the citation was inappropriate because the order was being followed. Reporter they said that the owners in a precarious the situation because he cannot ask employees about their health conditions. They said anyone with a medical condition in a job where they are in contact with others should wear a nonrestrictive alternative if the condition permits. A lot of rules and regulatican the owner said hes looking forward to fighting this in court. The citation is a misdemeanor and carries a fine between 101,000. Its very confusing and things seem to be changing by the day. Thank you cristina rendon. Starbucks announced that they will start requiring custome
Twitter shares soaring on a rumor the company is looking to build a Subscription Service a source close to the situation tells me that a Subscription Service is one of many Revenue Generating options that twitter is considering, but that no announcement in that area is imminent Ceo Jack Dorsey has said hes kicked around the idea of creating a subscription tier and twitter management has talked about building new revenue stream the focus on new ways twitter could make money as tiktok opens a new platform senator tom cotton warned americans against use ticktock. Secretary of state mike pompeo said late monday that the United States was looking at banning chinese social media apps including ticktock. Ticktock responded to pompeo by pointing to the companys new american ceo, former disney executive kevin mayer, saying we have never provided user data to the Chinese Government nor would we do so if asked. I want to go to dan nathan first. As i recall, dan, you had fast pitched twitter back
Good morning, thank you for waking up with us. It is friday morning, july 10th. Im pam cook. We want to check in with Steve Paulson because we are keeping an eye on fire season and the weather and it is certainly hot. I can feel warmer air coming through the window. Not cooler here. When milo doesnt get below 60, that is really warm. 60. So it is not believed below that. Fog bank especially on the sonoma coast and marin coast going down the coast. Yesterday was just the opposite. But it is only impacting areas near the coast. But the city has actually cooled off below average which is different. Bigger coastal fog make but it wont help inland areas. 90s to 100. 53 in San Francisco, the average low is 54. 63 livermore and san jose, brentwood at 70, king curtis close, sfo, pacifica and the city, 56, will keep them cool to my but in the temple have note problem warming up. It will be pretty hot here. But near the coast, near average temperatures well above again. Over to sell, you still w