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And that because your point on bonds. Right now we have the 10 year yield backing up six basis points on the week, up 14 basis points. The worst week for bonds going back to august. Bonds selling off. That pushes yields higher on the idea there is some kind of recovery happening around the stimulus. It is going to be interesting to see whether or not the 10 year yield can break out of this range. David we will have to watch that carefully. We knew the job numbers would not reflect all of the covid surge, but we did not expect them to be showing downward trend before the covid came roaring back. To take us through what the numbers may indicate we welcome douglas holtzeakin, president of American Action forum. He earlier served as director of the Congressional Budget Office as well as chief economist under president george w. Bush. Great to have you back with us. ....
What was earlier in the day in the labor market data. 5. 5 million is well above where we were pretty covid. Continuing claims still elevated above where they were a year ago , putting a dampener on the recent equity rallies we have been seeing in the dollar, part of a broader move across anancial markets to price in brighter economic prospect for 2021. Fromased interest republicans, raising a chance for a deal by the end of the year. Underneath it all, is the job weket losing steam and can wait for stimulus once again . Joe we will learn more about the job market tomorrow and talk about it more later in the show, but in the meantime maybe, maybe. The stimulus is going to happen. There seems to be some convergence among a handful of players around the deal, somewhere in the range of 900 billion, gop senators picking it up. Whats unclear is whether mcconnell was into it, the white house was into it. The Lindsey Graham thing today, ....
That pause in rotation from greater value showing up with green on the screen for the nasdaq 100. A little bit of love for attack. We might be able to look at a chart. Ins is from our mliv team bloomberg. They are say not much more love coming for attack. The last time we saw this big rotation from the nasdaq to the russell 2000 or from growth to value was right before the dot com the bubble burst about 20 years ago. I have also mention the recordsetting month of gains for the russell 2000. Lets switch up the board. Growth for the russell 2000 index. Look at some of the gains and betterknown names within the russell 2000. Fuelcell come energy, transocean expressed. Triple digit growth for those companies. What those companies do is they reflect the sectors that have been driving some of the gains. Fuelcell reflecting green energy, u. S. Oil, and retail. , thank youa chandra as always for enjoying us. For joining us. Companies taking advantage of new innovation, especially digital outse ....
Next speaker, please. Welcome. Question hi. So a number of individuals have discussed the system and i would like to remark on it. By the way, i believe i live in district 2. First of all, i would like to remark that before this week, i never even realized that people could go to could attend board of supervisors meetings and i feel this is something that should be more widely advertised to residents of the city because certainly, i think i was in more active in local politics and i know there was a venue beyond simply emailing my supervisor or calling if i knew that i could actually attend meetings and make comments. I would have felt more emparamedic aempoweredas a citi. Also, the schedule on the website had a more of a time frame because, for example, there was a time that was noted when comments could be made where i could have tuned out and did Something Else and called back in or when the relevant discussions were. Also, for ....
Several Democratic Senators came to the floor to push for more coronavirus Economic Relief to local and state governments designed Health Emergency workers. Here are the speeches leading up with senator ron wyden of oregon. Senator from oregon. The covid19 pandemic has thrown our country into a nightmare level crisis of joblessness. The congress has not done enough to stop it and has not done enough to save the jobs of our people. I have come to the floor this evening, the distinguished democratic leader, to call for the senate to pass legislation that is all about saving key jobs that form the backbone of our local communities, our firefighters, our First Responders, our teachers, our families, and so many others. They need our help. They need it now. Sen ....