we start on the markets because a day after wall street closed at new record highs the jitters have returned. but i don t seem to have a camera! what i can do is. you know what? you can look at my chair. we are coming back. hello, nice to see you again. shares have fallen sharply, oil had its steepest one day fall since last summer, and those bond yields the effective interest rates on government debt have soared again. the yield on the 10 year us treasury bond hit almost 1.75% its highest since the very start of the pandemic back injanuary 2020. what s that telling us? that investors are scared inflation is about to take off and interest rates will have to rise soon. that s despite reassurances to the contrary from the head of the federal reserve. we d had about a 45 basis point jump in that treasury yield, and during that time, that is when we saw the nasdaq sell off more than 10%. so the question here is, what does it look like on the chart now for the treasury yie
we begin in france today, where a third national lockdown looms large, but the french government is insisting it s doing everything possible to avert more restrictions that could be devastating for the economy. a year ago to the day, president macron appeared on television confirming the closure of schools and the stay at home order that led to the country s first lockdown. officials say the paris region may be forced to lock down soon, as patients with new covid 19 variants fill up hospitals intensive care wards, with special medical planes taking patients from the paris area to less saturated regions over the weekend. france currently has a 6pm nationwide curfew in place with weekend lockdowns in two regions, but it is still seeing a rise in case numbers. joining me now is tomasz michalski, economics professor, hec paris. good to see you again. first, do you think a third nationwide lockdown is inevitable as macro unfortunately, the lockdown of some sorts might appear at t
Rest of World News: Kenya's economy could lose up to seven percent of its GDP by 2050 if it does not adapt to the impacts of climate change, according to the World Bank.
this guy in new york. trevor, you call yourself a homosexual, and i agree with you. i feel like i am a homosexual too. yeah, i think it generally has been inspiring and refreshing to see a leader like cuomo. greg: you. new york perform poorly on every measure ranking 49th overall according to the study but we did pump up the numbers of subway looters, shooters. new jersey air smells come from. it was the worst performing state, the study found. california, illinois, washington, d.c., also received a f meaning get the f out of here. these places fight crime and the only people who benefited from mask where the criminals. high unemployment, significant gdp losses and they get their school shut down much longer
tariffs represent the single biggest threat to u.s. and global economies. president trump maintained the u.s. consumers would not carry the cost of the tariffs on chineseta imports. for many years, the chinese have been taking money out. we have rebuilt china. now it is time we change the ground. if they don t want to trade with us. it is fineth for me. it is proven our people are not paying for those tariffs. okay. larry kudlow s comments contradict those comments. both sides will pay in these things. es if it is a tariff on goods coming into thego country, the chinese aren t t paying. no. but the chinese will suffer gdp losses. the president says they may suffer consequences but u.s.