Thank you. Thank you. Thank you. It is an honor to welcome everyone to the 71st National Book awards. I am Jason Reynolds coming to you live from washington dc go this is overnight but there is so much going on in the world this is our night and it is a big deal. It is so much of a big deal i woke up this morning anxious and nervous as usual. I always, mother and i am anxious. It is 7 00 oclock in the morning and she says oh no i said i am feeling anxious about tonight have to hope the National Book awards am calling you to see if you have advice for your child go she said that she always has been to make the call. Let me ask you something, son. What did i make you say every single night before you got into bed when you were little boy . I said i dont want to do this right now she said no dont know what did i. C. E. Make you say every night when you got into bed . I said you made me say i can do anything. Exactly you can do anything. You tell me this all the time on. But i never asked
Chuck blah house is back ,o talk about Social Security chuck strategist at blah house come as we sit here eightmonth into the pandemic, with the resultant economic downturn, he talks first about what covid impact has been on the health of the Social Security system in this country. Nott it probably will surprise your viewers to see that it is having a negative effect. The recession that has been , wages have covid gone down. All of that weakens the Financial Sense of full security. Ate looking at a painful security programs even before covid, and this has made the situation more urgent than before. It . Urgent is what is the status of Social Security right now . Guest i would say it is extremely urgent. Wen before the pandemic hit, were risking getting past the point of no return with the Social Security finances. The five readjustment that we have to make if we want to continue to have our Social Security program that has been financed and historically the weight has been, five of tho
Phone lines split up as usual this morning. Democrats, 202 7488000 is the number to call in. Republicans, 202 7488001. Independents, 202 7488002. You can also send us a text. That number, 202 7488003. If you do, please include your name and where you are from. You can catch up with us on social media, twitter and facebook. A very good monday morning to you. You can start calling in now. Theheadlines on this topic, first use of the vaccine maybe december 13. 40 million doses said to be available by the end of the month. That from the front page of usa today. Frontline gets the first vaccine doses, but then who . Thats the question we are asking this morning, asking you to be in the position of setting the priority, how would you do it . Turning to the cdc webpage there, i q a on how the cdc is making its covid19 vaccine recommendations. Making those disease vaccine recommendations based on the input from the Advisory Committee on immunization practices. Its a federal Advisory Committee
Stoxx 600 now down just a touch. That rose quite nicely. The s p down a similar amount. The cable rate is up by 6 10 of 1 . Again, we faded that little move. Are trying to make sense of what is going on and i think it has pretty much given up as i think many people have, as well. As you can see, were seeing a spreadbit of a crisis between bonds and treasuries, continuing to widen out. We are not at levels that we saw before the crisis but nevertheless, we hire again. Just to show you the impact of the outage that we saw in paris a little bit earlier on, as you can see, the bulk of the morning we didnt see any trading on many of the major markets here in europe. That, we traded down toward session lows. Alix the next etf trading is going to resume at 5 15 p. M. , minutes from now. A little bit of action into the close over in europe. Jpmorgan asset manager in Global Market strategist was the front and center yesterday and over the weekend. Doubledip recession in europe, is that your cal
Flow and that is a macro positive. Week, itked about last suggests there is some optimism on the part of traders that may be some sort of scenario around airlines could some serve stimulus could get done but theres so much uncertainty. Airlines have been outperforming more recently. Getd are we starting to something on the 10 year yield . Abigail we are still in that range. The 10 year yield is trying to move to the top of the range in the range is about 5080 basis points with the fed as a buyer keeping bonds in that range. Its hard to know whether it will be broken. Another market is amazon. The s p and the nasdaq are down in amazon in amazons down for its for the day in a row after the prime day event, suggesting some folks may not be to my optimistic about those results. Maybe americans of had Online Shopping fatigue. David one of the risks of the is the continued possibility of more stimulus and the election which is now 15 days away. Is with us, always a delight to have you with u