Investors trying to decide what is going on. That is showing a little but of haven assets. Bonds not doing much. With the kind of volatility we have seen, you would think there would be a big bid. Today there is a small bit, and we also have the dollar, which is seen as a haven. If the fed is successful with their framework shipped from august, which they will want to try to create is a strong dollar signaling and improving or a Strong Economy instead of hitting into risk assets. Today is a pretty solid day for stocks overall, but the week is more difficult. David september looks like in equities maybe we gave back some of the froth we created in august but we are always looking for longterm trends. You and i talked about how about high yield. Is that giving any signal . They do seem to be moving . Abigail highyield today not doing too much, but as you are just mentioning, and i love you are talking about the erasing of the froth in august, and then september right back down. Highyield
Refugees and migrants attempting to cross into greece from turkey. In sports fans are banned from bahrains formula one race and if a crane a virus and a strain successfully defend a womens t 20 while coming down against india its kind of a perhaps melbourne cricket. So then italy is imposing tough restrictions on a quarter of its population locking down its 2nd largest city in more than 16000000 people to try and stop the spread of the coronaviruses just had its biggest rising cases since the outbreak began with more than 1200 confirmed on saturday the lockdown includes the entire region of lombardi where the italian outbreak began and where the most deaths have been recorded home to 10000000 people nobody will be able to move in or out of the area and that includes the countrys economic capital milan the lockdown will also impact several other provinces including venice effects you know the 6000000. 00 people restrictions are set to remain in place until early april for torah gate and
Country seems to be fueling some kind of negative sentiment worldwide. Tom i agreed to start there for the western world. Its not just about china. There disinflation, we dont need a bunch of charts this early in the morning but the vector of deflation and disinflation in china from the beginning of covid and they did covid differently than we did but im sorry, its disinflationary and get you down to a run rate of a positive 1 even with the present deflation and thats not good enough. Jonathan at the same time, the western developed markets are finding inflation and we had deflation in china and people are asking, we are in it now so how long will it last . Lisa and is this the bottom . It could have a more inflationary time later on. How much does china matter as a disinflationary force for the rest of the world at a time were places like the u. S. Are moving away from importing some of their goods and the eu is trying to be more aggressive with lyft service. And we have budget defici
Before 9 30 last night, 18 year old Connor Lapworth and 15 year old Connor Lapworth and 15 year old corey mavin, both from blyth, died of their injuries after that crash. Their families after that crash. Their families are being supported by Police Liaison officers, but police are still asking for anyone with dash cam footage or who witnessed that crash to come forward. Now, in other news, today, millions are set to be on the roads today with the aa saying drivers can expect lengthy amounts of lengthy traffic jams as people travel to be with their families. The met office is warning flying debris and power cuts may disrupt those last minute getaway plans, as meteorologists are predicting wind gusts of up to 70 miles an houn wind gusts of up to 70 miles an hour, hitting parts of scotland and Northern Areas of england. Rail services disrupted as well today , major london stations today, major london stations close for a few days. That includes euston , kings cross, includes euston, kings
Weve got United Health, bank of america, Morgan Stanley, Johnson Johnson also beating on the bottom line, although different reactions in the markets. Sara eisen sits down to ecb president , Christine Lagarde discussing inflation, Interest Rates and where the central bank is diverging from the fed when it comes to rate policy. Stocks look to rebound again, similar picture in terms of the premarket yesterday. We know how beholding the market is to some of these headlines. For sure. The yields are basically still pushing higher at a pretty moderate pace, but in service of the pain threshold for stocks and the economy, this has been a similar backdrop to what we had late last year except with the economy in more secure footing it seems. We basically unwound this idea, you can have the eem mat lack disinflation, talking about the economy almost in overheat mode. What have we done or accomplished in the markets so far in april . That long streak of no 2 dips in the s p, thats over. One of t