Cases, we talk about it every day. We need to im starting, i dont know what youre hearing, im starting to see anecdotal evidence that things are slowing down a bit in the economy. Im getting that too. Im getting people who are saying, i really would want to make a big spend, this is in terms of the big tech spend, for instance, i got to figure out what is going on or when are people coming back, are people ever going to come back . This stay at home versus go back to work, we thought it was resolved, we thought that things it was just a matter of time before you go back to work and those involve big Corporate Capital spending decisions and i think that those decisions are right now on the balance, because people dont know whether this thing is just going to continue to rage. I think we can expect it to continue to rage for the foreseeable future until the vaccine is widely available. There are people people are starting to curb their behavior thats what im referring to, and there are c
Moving news from all around the world. Joining us from riyadh is yousef gamal eldin. Ivan levinsohn joins us from tel aviv. Oliver cook sorrow oliver is in munich. Buts start with study ready with saudi arabia. Finance with the saudi minister and asked if the recent attack had an impact on saudis numbers. Heres what he had to say. It will be a couple of days before we are back online. Alix yousef joins me now. Tell me about what you learned, and what we can expect Going Forward. The idea being that a lot of the output is being recovered is one thing, but youve got the political developments, which are what investors are going to be zeroing in on in riyadh and far beyond saudis border. The Saudi Crown Prince has been speaking with the french president , the south korean president , and deliberations are underway between the u. S. Secretary of state and the saudi authorities, as well as the united arab emirates. That thereng here is has to be a response what happened with the saudi aramc
The market dealing with a fed induced whiplash today we are well off the session highs but in the green for the s p 500 swelz the nasdaq, the dow. The nasdaq though in negative territory down by. 2 check out the etf that tracks the Home Builders down today, but it is up 5 in just the past week well tell you which names are driving that move. Well the hawks are out in jackson hole, wyoming. Fed officials not saying what the market wants to hear today Steve Liesman is there talking to all the xwbig names. It was really harp rer that sort of sparked that turn around in the market he wants to stay neutral. More on that in a second, but i want to show you the gyrations in the outlook for the Federal Reserve through the fed funds futures market still a 99 of a rate cut. 66 for october december cut seems to be on the b table. Whether or not the 75day point for the rest of the year or just 50 another Interesting Development in september, a 1. 3 chance that the fed remains on hold. It was a 40
Biggest bank by market value is saying he would not be buying bank stocks right now. But first our talk of the tape, while this weeks crucial catalyst to the advantage for the bulls or the bears with the s p 500 stuck in a sideways range since midjuly. Welcome to you all. You wouldve thought perhaps on monday of this week with a lot at stake in terms of these announcements, maybe the market would not do much. We are making a little bit of upside progress. What is your read on the action and rather it by implicitly the market is in the soft landing camp . The market right now has been in that soft landing camp. I think at the beginning of the year consensus that we were going to go into a recession, as that has obviously come off as a probability we have had a huge berating. I think unless we see the tenure firm in about 4 1 4, the twoyear firmly above five as we still bounce around those levels i think the market remains in the soft landing. I do think as we get further into the endoft
Biggest bank by market value is saying he would not be buying bank stocks right now. But first our talk of the tape, while this weeks crucial catalyst to the advantage for the bulls or the bears with the s p 500 stuck in a sideways range since midjuly. Welcome to you all. You wouldve thought perhaps on monday of this week with a lot at stake in terms of these announcements, maybe the market would not do much. We are making a little bit of upside progress. What is your read on the action and rather it by implicitly the market is in the soft landing camp . The market right now has been in that soft landing camp. I think at the beginning of the year consensus that we were going to go into a recession, as that has obviously come off as a probability we have had a huge berating. I think unless we see the tenure firm in about 4 1 4, the twoyear firmly above five as we still bounce around those levels i think the market remains in the soft landing. I do think as we get further into the endoft