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In the magnitude of 25 to 30 seconds which is very long for an earthquake only adding to the panic and damage felt by this powerful quake that turkey obviously is sadly no stranger to or earthquakes are the rescue teams equipped to deal with this particular situation that were witnessing right now because weve already heard countries are at the ready to help. Yes youre right the whole of turkey is prone to major quakes and in fact most of turkeys main cities at some point have been hit by powerful of quakes and this has led to a development of a great deal of expected teams in in getting people out of collapsed buildings and as we speak now those rescue teams are coming from all over the country president no one has said no expense and effort will be spared on helping those in izmir turkey does have a great well of expertise to draw with a turkey will need International Help is is far too early to say depends on the magnitude ....
Optimism come around the trade deal. I feel like i have said that before. We will continue to monitor. Tom we are going to monitor all day. The news flow is extraordinary. Kevin cirilli is ready to travel to nashville for that debate. That is tomorrow with all sorts of news overnight in the United States and frankly around the world. Just one data point we will talk about in a moment. Renminbi out to new strength. Right now in new york city with first word news, here is ritika gupta. Ritika nancy pelosi and Steven Mnuchin are moving closer to a deal on a new stemless package. Alysia hope she can get an agreement this week. That is crucial to getting a bill passed by pull losey hope she can get an agreement this week. Theh mcconnell is warning white house against a pelosi led deal by the end of the month. Trumps campaign has burned through almost all of its money through septem ....
About President Trump and congressional republicans. I guess you are getting that body language from Mitch Mcconnell. But why is the bond market moving . We are at 0. 83 on the 10 year yield, the steepest back to march of 2018. We are pricing in stimulus at some point. Jonathan through 80 basis points. Wonder if, off the back of a move in treasuries, people start to talk about reflation all over again. Lisa i dont know that the underlying data is really supporting that. We will get a read at that with iea crude oil inventories. A report yesterday showed a surprising building u. S. Inventories. Many people are not consuming as as the covid crisis continues to spread. Meanwhile, today, i know you guys care a lot. We get a lot of fed speak. Weve got loretta mester, neel kashkari, tom barkan, randy quarles, and jim bullard all today. Every day it seems like they speak more and ....
13 days out to the election. Weve got lots in this hour. Wendy schiller of Brown University will join us on the changing political landscape. There is Market Movement today. We will talk equities in a moment with james bevan. I love his work on a more longterm perspective. Lets go shortterm. Where in the bond market argue focused . Jonathan long end, of course. Front end anchored, a bit of a snooze. And youre starting to break out a bit over the last 24 hours, just north of 80 basis points. Just around 95 was the intraday high in june. We have not reclaimed that level. Whenever we see a price move like this, it is a bit more fuel for the reflation narrative. It is price first, narrative second. Tom i saw just a little bit breaking out to higher inflation. What is the significance of the vanilla spread, the difference between the 10 year and the twoyear yield, back to march ....
Program devastating wildfires force one of the largest evacuations in australias history of thousands fleeing the flames philandering city forecast a swarm of hot weather im strong winds could lead to catastrophic conditions this weekend. Flashpoint latin america has uncertainty and demands for change gripped the region look at the wasteful. Welcome to the program. We begin with fresh fears of another war in the middle east after a u. S. Drone strike killed a top iranian general the attack at Baghdad Airport in iraq killed Senior Commander general cast sam a southern monny the head of the countrys elite force general solar money was seen as the architect of terrans military operations in the middle east the strike also killed abu. Allah mooned hondius an Iraqi Paramilitary group leader with close ties to iran iran ....