That gives you a better indication of where trading would be if we were to open here look at the treasury market. Weve been watching that closely too joe did anyone else see 5. 7 and say, oh, it is not nine . I had the same reaction i saw the etfs, i actually thought, occasion. 5. 6 or 5. 7, which is just crazy. We keep trying to figure out where is the bottom. Look at the 10year note yield of 1. 15 a week ago, you were looking at below. 7 . The moves we have seen have been pretty phenomenal. The government is stepping up its efforts to pass a massive stimulus many are betting on whether it will be big enough the Federal Reserve is pulling out its own tools. We have huge Team Coverage of these major stories. Getting over to eamon. Starting with you in washington. Good morning. It was just 24 hours ago we were talking about the idea that american politics has really changed. Every 24hour news cycle, it is different. And now embracing the idea of sending 1,000 checks to just about every
We believe its restrictive. Liz hi, everyone. Youre watching the claman countdown on fox business. The markets are soaring after the Federal Reserves held rates steady for the sixth meeting in a row and chair Jerome Powell pushed back on the idea of rate hikes and answered questions from financial reporters. Lets go back there live. Employment about 4 and feels like a steady state and 3 inflation and if the data remains the same youre see asking you dont see a rate hike and stands to reason for rate hike and 2 inflation and any discussion about a hike in todays meeting. Are you satisfied with 3 inflation for the rest of the year . Of course, were not satisfied with 3 inflation. 3 cant be in a sentence with satisfied. Well return inflation to 2 over time. But overtime. X we think our policy stance is appropriate to do that. If we were to conclude that policy is not sufficiently working to bring it down, thats what it would take for us to want to increase inflation. We dont see evidence
Mixed day today european equities after the benchmark stock exchange. Investors are waiting for the outcome of the tax vote in the u. S. Equities. Mixed day for fx. Look at the yields rise. Ireland, france, belgian, germany, commodities giving you a feel of the market today. Some Business Confidence out of germany, unexpectedly weakening its december. The gains remains near its alltime high, as you can see from the line right there, respecting the fact that the economy has excelled this year amid robust domestic spending and recovery in global trade. Debt surging this year, taking benchmark yields to the lowest level since april of 2015. To spanish levels, theres more credit defaultts swaps so says richard hodges. If movies follows fitch in upgrading the sovereign debt next year, Sovereign Rating next year, he says the swap should narrow the gap widths main as well gap with spain as well. Portugal versus spain, a 10 year yield spread is the white line. Very quickly, this is the oneday
Just above estimates we begin with wall streets record run futures pointed to a muted open. The dow coming off a fivesession win streak. Plus broken Business Model . Elizabeth warren promising to follow the money when she questions former equifax ceo rick smith in a hearing this morn and pepsi shares are sinking. The beverage and snack giant beats earning but has a lower outlook. The dow, the s p and the russell coming off record highs. The Financial Sector posted its highest in ten years with watches on to see how resilient the market can be. I think what were seeing is a recognition that the economy is better so instead of paying low multiples for, what . Nothing, sorry, go ahead. My pepsi notes. Instead of paying low multiples for companies lets start with the banks. We are going to give the banks a multiple that looks like a stock. Do you know how long its been since i used to speak with brian moynihan, he does a great job and i would say okay lets say you can make two bucks, what
Im wilfred frost. Im Kayla Tausche in for sara eisen. Good morning thanks for allowing me to come back. Youve been keeping it warm sense both of since both of us n out. Just one day futures pointing lower this morning. Well come to International Markets in a moment. A triple digit decline for the dow. Down about 100 points. Nasdaq down 27 s p down 10. Late last week, we had that pull back and a bit of a selloff. Early this week had seen a bit of red, but muted declines, 0. 2 yesterday we saw energy as the worst performer. Oil was slipping ge selling down. It was down over 5 . It was energy, the big decliner yesterday. Thats because oil prices slipped 2 theyre slipping again today commodities is a big part of the risk off move weve seen both yesterday and today in asian and european trade oil off nearly a percent 55. 2 for wti tenyear treasury note, yields have slipped significantly globally yields have been slipping and pulling down u. S. Yields the last day or two the u. S. Yields mov