for daily gains in a row on joe biden proposed relief plan. the kospi is on a 10 week winning streak, its longest run since 2010. a chinese energy giant is being blacklisted by the u.s. for drilling in disputed waters in the south china sea. washington, d.c. says the company is a corporate bully. haidi: let s look at our asian markets, taking a big post poster amid the package proposal in the president s right. sophie: given the applications for growth risk on asian stocks, could rise for a third straight week as we assess biden s biden relief plan earnings picking up in asia. we are watching chip stocks on a 2000 $8 billion we are waiting on homelands data, aussie dollar slipping on overnight games as it led higher against the greenback. sidney stocks gaining ground at the start of cash trade up .2 of 1%. bh beginning nearly 3% this morning and if you developments. bh be facing a court ruling over a compromise in july. let s which of the board and see what else is going
buying longer on that curve? if so, that will keep rates lower. the path we are leading down is not a good one. what the fed is trying to do is what every central bank is trying to do, which is engineer growth. tyler: george bory is with us now. talk to me about what you have been noticing, your take on the big reflationary trade yesterday but then a little bit of a comedown in yields again today. george: thank you for having me on, always great to be on the show. powelll question is, is seismic shift, or more of the same? the reality is there are some significant factors here. the biggest is the acknowledgment that there has been a material change in the economy. unemployment can go lower than policy makers expect without causing inflation. they have issue is, also kind of acknowledged there is a limitation of monetary policy. those two factors we view as material. shift,terms of a policy what they are likely to do going forward, it feels like it is very much same game.
slowing. is said to be china is trying to funnel more credit to private companies. we will assess the implications in beijing. a quick check of our markets close in the u.s.. it was a bit of a mixed picture. we saw the dow gained 50 points. the s&p 500 erased this morning s gains. fed officials with a little bit of caution about future rate cuts. to mention we have some soft manufacturing pmi numbers. that did not help sentiment. cared materials and health leading the declines after fluctuated between gains and losses. that fell 0.4%. u.s. futures at the moment not doing much. the focus right now is on jackson hole. let s see how we are shaping up. steady as we go. asian futures not doing much when it comes to the potential for how cash trade may start. we are waiting for cues from jackson hole as well as the g7 meeting this weekend. we also have today a busy day of earnings from china as well as from hong kong. we are going to get a cbi data from singapore. thise checkin
its own. carol: recession fears, it isn t inevitable. jason: but there are some things that might crush this u.s. expansion. carol: we put a up with we caught up with economic expert peter coy. die and why do they end? right now, you ve seen since october the stock market has come down quite a bit. people think the good times will stop rolling, yet on friday we had a great jobs report. how can people be talking about a recession an at the recession and at the same time, you have all evidence of, current indicators are quite strong. because one of the arguments there is that s a lagging indicator. the stock market is forward looking, sees around the corner, and here s what c.e.o. s and others are saying, good times may be running out. what do you hear? that s true. the stock market, if you think why is it a forward looking indicator? look, if you think something is going to happen that s going to cause stocks to go down six months from now why would you wait for that t
zte. jason: can paypal survive on its own. carol: recession fears, it isn t inevitable. jason: but there are some things that might crush this u.s. expansion. arol: we caught up with economic expert peter coy. why do they die and why do they end? right now, you ve seen since october the stock market has come down quite a bit. it s because people are afraid the good times will stop rolling, yet on friday we had a great jobs report. ow can people be talking about recession and at the same time you have all evidence of, current indicators are quite strong. because one of the arguments there is that s a lagging indicator. the stock market is forward looking, sees around the corner, and here s what c.e.o. s and others are saying, good times may be running out. what do you hear? that s true. if you think why is the stock market a forward looking indicator, look, if you think something is going to happen that s going to cause stocks to go down six months from now why would you