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Thats the anxiety indicator, if you like. This morning, the yield is back up to 1. 00 . Ashley back up. Stuart back up, thats right. Well above the extraordinary lows that we hit yesterday. That would be record lows that we did touch yesterday. 1 even on the tenyear treasury. How about the price of gold, another flight to safety. Actually its down again, off two bucks at 1641. Okay. The primaries. A great night for joe biden. He won nine states including texas. He now has more delegates than bernie. Sanders did win california, but late deciders swarmed to biden. Bernie might not have won california if the two million early voters had just waited. Bloomberg did very badly, only winning American Samoa. His campaign is quote, evaluating its future. One of my colleagues at fox said never had anyone spent so much to achieve so little. Elizabeth warren, ultimate disaster, third in her home state of massachusetts, fourth in her native st ....
That, 10 00 eastern, nancy pelosi will try to upstage the president. He will hold a News Conference to announce who will manage the impeachment drive when the senate trial begins next week. There is some gamesmanship involved, the speakers announcement is time to upstage the big event of the day, the trade deal signing. Nancy pelosi wants to keep the focus on the president s troubles, not the president s triumph. The market opens half an hour from now, no fireworks expected, the Earnings Report from big banks largely solid, no big surprises. The dow is going to be down 70. The s p seven, nasdaq down maybe 11. The stock price of target premarket way down. Disappointing holiday sales, stock is down seven but please remember target stock is up 94 last year, almost doubled so even a minor slip is enough to pull it down and that is what we are seeing now. He will be a rock n rol ....
That statement. Iranian leaders, they have made statements. They have largely avoided the bellicose language we have seen in the past. Overnight, leader ali khamenei says it was a slap in the face to america. They say they do not seek escalation or war. Obvious question this morning, was the attack deliberately proportionate, a oneoff that makes a point but doesnt risk a devastating american response . Can the iranians risk taking action that results in allout war . Their economy is collapsing. They are out of cash. What will the president say this morning and how will he say it . Escalation . A threatening tone . We will find out soon. Now look at this. Yet again, the market is largely shrugging off an attack in the middle east, in the middle of the oil patch, no less. When the news broke, futures showed a near 400point drop but look at it now. Down maybe 20 for the dow and all of that loss accounted for by just two dow stocks which we will mention momentarily. The s p is going to go ....