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Kind of takes the relief trade, if you will, out of the treasury market. Have a vaccine but have to deal with the rising case counts. Its difficult for Bond Investors to show no caution to the wind. Think about what actually has the chance to survive. Jeff rosenberg is joining us right now. What a week it has been in the market, tested in several fronts. Lets talk about credit first. We have the fed and the treasury having a little bit of a spat over the emergency programs introduced this year. I have to say this market has responded quite well to it. What was your take . The the most important of support measures are not affected, these were not used very much. They were most effective on announcement date, not much uptake. The market is seeing through that, and its a little bit less of a significant Market Reaction because it is less of a significant issue, if those suppor ....
Top of his comment on the employees and what theyve done during this crisis. What i see here is best in class confidence. You wonder how the other banks will adapt to that. Call it lets conservative confidence. You can see where the headwinds are. They are going to be with us for quite a while. Lisa they boosted their reserves for credit losses highlighting some of the concerns about the economy. Shares of jp morgan right now and have the open up almost 4 . We will get more of a sense of how much of a port in the storm they will be. We will get Consumer Price index data which may point to the biggest rise in Consumer Prices in seven years due to some of the energy increases. Lots of fed speak ahead of the blackout period. Jonathan we have to kick things off with Bank Earnings on wall street and crossover to sonali basak. ....
Take something off the table makes sense which is how you got to todays selloff with the dow dumb bli t tumbling and nasdaq tumbling the bear camp cant exist at the sametime there cannot be coexistence with the huge covid outbreak in the sun belt spiraling out of control, bear is in charge so why dont we do this . Let suspend judgment and not use terms about good or bad and take the approach of the fact spin. Awaken america trade has taken a turn for the worse some people expected that. I didnt its a disturbing spike in covid cases across alabama, north carolina, South Carolina and texas. The infection level so high the governors of new jersey, new york and connecticut have taken an unusual action and slapped a 14day quarantine on travelers from these hot spots thats amazing they have more than 35,000 new cases today which is about where these numbers peaked in april. Not good its plain bad news for everything that depends on the ....
Honey for have to but a series of defeats has left a half that is struggling to fulfill his ambition to take the capital from libyas internationally recognized the governments. Hes lost control of 3 military camps in a debate in the west he used to launch attacks on tripoli and several towns his forces are accused of planting landmines in residential areas putting civilians at risk during the pull our it now your dog doesnt ask any are as of yesterday we started combing the liberated area to ensure the safe return of everyone who was displaced we are still closely monitoring the movements of the remnants militias and mercenaries who are trying to reorganize their fragmented ranks we are fully prepared to crush them we assure our fellow libyans of the captured areas that we will not leave an inch of the libyan soil and will not allow foreign mercenaries to bunk in residential areas a league do you any report last month suggested half total was backed by up to 1200. 00 medicine or a yes ....
A go around. A few minutes later the airliner came down in a highly populated residential area near kharaj International Airport the horse that actually got a funny for just the last words we heard from the pilots was that there were technical problems he was told on the final approach the both runways are ready and you can learned that the pilot decided he wanted to go around for that reason the technical problem was well good to go and look at that now. Airplane parts were strewn among burning homes Security Forces were sent to help the rescue operation and managed to pull at least 2 passengers from the wreckage pakistans Prime Minister imran khan tweeted saying that he was shocked and saddened by the crash offering prayers and condolences to the families of the dead. Aviation apps identify the aircraft as a 15 ....