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Susan welcome back to cspan. It was before covid that we saw you. We have been working on a biography about gerald ford a long time. Richard a surprising portrait, in many ways. There are a lot of actual revelations in the book that i am sort of surprised. He was personally blackballed by hoover as a young man, light glowing recommendations because hoover found out that ford had been involved with America First. At yale. He spent more time at yale then heated at the university of michigan. He knew about the legal problems six months before he ever acknowledged it. The interesting thing is that means the white house new earlier, too. Ford was a much more ambitious figure than the persona. He wanted to be Richard Nixons running mate in 1960. He discovered a process just before he left the presidency. He was approached by bill, secretary of the treasury, about john mitchell. The ....
The equities tenyear yield is below the 5 we have been crossing over earlier in the week. Twoyear yield an above 5 oil is another interesting picture to watch wti has been trending up this morning after being down for the week down by over 6 . Lets bring the developing story from the middle east fighter jets launching a strike in two locations in Eastern Syria. The pentagon says this is linked to the Iran Revolutionary guard over attacks on u. S. Bases that began last week killing one u. S. Citizen and injuring 20 more the pentagon says the u. S. Does not seek escalation of any conflict and describes this as a separate issue from israel and hamas. You have to think the issues which emerged in israel with hamas have inflamed the situation. This is the Iranian Revolutionary guard with the attacks. It is hard to s ....
Plants. Well get the latest. And the iae saying the israelhamas war has oil markets on tenter hooks. The general take means the fed may look past this one. Well, look, theyre struggling on shelter very much because its rent. They took the housing out in the early 80s, and theres just not enough places built. We had some numbers this morning, i was watching on frank hollands show. Its 1 down in new york. Thats not thats not going to cut it. Jay powell wants to see housing rolled back a little bit more. Its up 40 . Rental, you need more apartments built. I think that he wants to see more good numbers in a row, and i cant say this is a good number. People were hoping for a 0. 1 and you do have 0. 1 if you take core exshelter, and people are looking at some of the new rent data and that will eventually get folded into these monthly numbers. And i think energy. But i just think that what happens is that you hope that other things make it down and make up for it, and you dont. Look, rent it ....
The bond market has been sensitively tuned to every jobs report or every jobs indication we have with the jolts and the adp number. The jolts showed a stronger number when it came to jobs. As we head into that, you see dow futures up 26 points. S p up 4. Nasdaq up 21. The treasury market, again, everybody is watching. 10year treasury is 4. 27 . The 30year treasury is below that at 4. 91 . Crude oil prices have been down. Wti is trading at 82. 40. We have been north of that this week. The demand picture is the question. The supply picture turned to the demand. We decided it was supply. Demand. Iaea showing a backlog of gasoline. As prices get higher, are consumers less able or willing to pay for gasoline or cutting back on driving . Fascinating if you believe the fed is not driving any more, then a soft jobs number and that doesnt mean yields fall. You suddenly believe the fed will keep rates higher for longer. This is what mary daly said yesterday. She said we will get it back to 2 . T ....
The u. S. Welcomes trade partners and warns them. The weeks best interviews help make sense of a topsyturvy world. There was a notion of china taking on the globalization. There is tremendous potential for aviation in india. The scenario has improved from the beginning of the year. Free trade for future growth, future business development. You want to make sure is that companies are making investments based on the inherent value of the investment, not on a particular tax scheme. Scarlet it is all straight ahead on bloomberg best. Scarlet hello and welcome. Im scarlet fu. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. The week began with political maneuvering in the u. K. Britains embattled Prime Minister theresa may ....