Year this all has been happening as treasury yields started to pick up yesterday that kicked off the concerns the twoyear treasury yesterday topping 2. 16 . That was the highest level since september 8, 2008. You can see the twoyear this morning, yields have come back down a bit 2. 108 the tenyear is where the focus was yesterday. The yield there nearing 2. 73 . That yield backed off a bit, too. We will see the last meeting of fed chair janet yellen today at the fomc nice stories about janet yellen today the finale here as jay powell gets ready to begin february 1st. Some big stories were watching this morning jpmorgan saying that jamie dimon will stay in his role for about five more years. That time frame could suggest hes not planning on running for Political Office which has been speculated about for some time we talked to him about that last week in davos on this show the bank is promoting daniel pinto and gordon smith to copresident s and coos pinto oversees Corporate Investment b
Delivering goods on amazons plans to drop fedex and ups and do the shipping itself. Betty there is not much that amazon cannot do these days. We are watching headlines from Christine Lagarde. She is at a conference in boston the head of the imf meeting next week. Theis making comments on tax reform plans here in the u. S. , saying deficit widening tax changes are not advisable. That is an understatement. Globalization is a baggage word left for those kind. Also come a surplus nations must take advantage and invest, return that money and invest. Also noting the imf is accommodative of the boj and ecb. Interesting, very timely coming from lagarde. Especially come of a past the budget resolution. One step closer to some kind of tax reform from congress. That big test will be when the Senate Continues to stick with the proposal we do see. They are not as keen when it comes to budget deficit. Similar to what were hearing from lagarde. It is surprising come other republicans that are suppose
And midday in hong kong. Tracy this is Bloomberg Markets middle east. No shortage ofs things to talk about from last week. Ofhad a smorgasbord political events, central bank meetings, and nonfarm payrolls on friday. What caught your eye . What islets kick off happening with the u. S. Dollar. Drop. On its sixth weekly this chart really gives the additional context. This chart goes all the way back to february 2016. We got the jobs data and we did not get a lot of evidence though in terms of how much further it has to go. , of course, the issue of wage pressures that continues are the report, but tomorrow the report, but it gives the dollaryen trade a little bit of a floor, tracy. Tracy lets look at how the jobsts reacted to the growth. The s p 500 closed within a point of an alltime high, but course,story was, of banking stocks. They showed up in the Dow Jones Industrial average. That was up almost a percent, reclaiming 20,000 after trump signed his executive order asking for the review
Liz, thank you for that and thank you at home for watching cbs evening news is coming up next. Captioning sponsored by cbs r tlor tonight on the cbs evening news this thursday, a judge halts the deportation of a mother and daughter and threatens to hold the attorney general in contempt. Ats cked. The letter a police chief wrote fiter discovering his son is a suspect. But first the headlines in 60 edconds. A federal judge has just blocked the Trump Administration from deporting Asylum Seekers who are challenging rules established by the attorney general. This judge said you cant deport plaintiffs in the middle of a case. A huge revision from puerto e co about the death toll from Hurricane Maria. Puerto ricos government has acknowledged that more than 1,400 people likely died as a result of the storm. Dozens of children have been killed after a Saudiled Coalition air strike hits a school bus in yemen. He the war described as the worlds worst humanitarian crisis. Vice president mike pence
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