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Whether or not at this point in the economic pandemic cycle they need to spend that bullet. They will be doing some things that are more accommodative. It will be difficult for them to reverse that policy somewhere down the road. Jonathan mike swell of Goldman Sachs is with us. On treasuries, on bad news being bad news, is that your view of things, how high can we take 10year yield . Mike great to be with you, jonathan. On the there is a cap treasury market, and its really the result of looking away from the slow term where there are certain instances where people think about growth postcovid. We see significant vaccine implementation. The jobs report, it will take a long time to get back to normal. The fed will be on hold for the foreseeable future. As a result, you will not see a 50 basis point increase in the 10year. People should sit tight and recognize that rates will stay low for the foreseeable future. Today proves that we w ....
What was earlier in the day in the labor market data. 5. 5 million is well above where we were pretty covid. Continuing claims still elevated above where they were a year ago , putting a dampener on the recent equity rallies we have been seeing in the dollar, part of a broader move across anancial markets to price in brighter economic prospect for 2021. Fromased interest republicans, raising a chance for a deal by the end of the year. Underneath it all, is the job weket losing steam and can wait for stimulus once again . Joe we will learn more about the job market tomorrow and talk about it more later in the show, but in the meantime maybe, maybe. The stimulus is going to happen. There seems to be some convergence among a handful of players around the deal, somewhere in the range of 900 billion, gop senators picking it up. Whats unclear is whether mcconnell was into it, the white house was into it. The Lindsey Graham thing today, ....
2 trillion package. Schumer and nancy pelosi 2. 2talked about aa trillion package. Leadership is not doing that. My colleague and i have a story about a less than 1 chance of that happening. We will see water its in the room talking, but at this point incentives are not good for each party. Senate republicans voted last week. Many feel there is cover now for their vulnerable moderates like Susan Collins of maine. Toy can go home if they have without a deal. Democrats are feeling like they have a strong hand. They have pushed for virus relief into they have not gotten it. We are probably heading back to october, seeing how back host what do we know about any meetings set this week from capitol hill . Guest nothing is really scheduled. Between a relationship Steven Mnuchin and nancy pelosi. They have been able to do deals in the past. There was a debt ceiling deal. Mnuchin was a ....