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Helene. Dozens of communities cut off from freshwater and much needed supplies are dwindling by them Minute Rescue teams now racing to get to those stranded residents. Plus a final day of prayer for what could be the last debate before Election Day new boarding on how senator j. D. Vance and governor Tim Walz are preparing specifically the lastminute jitters. Walz says he is feeling as the Trump Team tries to set expectations high for their Rival And Israel carrying out new raids in lebanon as we learn new details about the possibility of a Ground Offensive how hezbollah is responding after the assassination of their leader were following these major developing sto ....
The bra. And german footballs top frost signed off on a plan to restart the countrys beloved going to sleep in may but not everyone is on board with a fresh people in the middle of the pandemic. Hello im christine will go out welcome to the program chancellor im going to machall say germany must continue to show discipline in the face of the pandemic she told part of and the lifting of some lockdown restrictions were too hasty and she fears the country might stay on to its recent gains if people became complacent about physical distancing shes also calling for a Big European Union budget to support economic recovery in the block. Across germany more people of venturing out we have to the 16 german states agreed to relax certain restrictions on movement some shops are slowly reopening albeit with restrictions. Facemasks are now obligatory on public transport as well as in stores in some states but easing restrictions runs the r ....
Dragged down by the more powerful bond market taking 357 points, s p falling. 82 nasdaq advanced a basis point, stunning comback but lets not get too carried away, still the worst woke for the averages since the financial crisis the bond market is bigger than the stock market we dont talk about it because its boring. But its important to the direction of your portfolio. Everythings wrapped up in bond yields always has been. I learned that 40 years ago. There are multibillion dollar programs that sell stocks whenever those yields go down. Its form got as lows a 1. 1 today, closing at 1. 16 thats a record low level, signaling the economy is growing weaker, and quality investors hide money in fixed income, coronavirus supply chain the bond market is screams that the coronavirus is far worse than most people realize Global Commerce will take a real hit and it might even be something similar to 2008 when all hell broke loose i cant te ....
Cruise ship is being treated with an experimental drug made by Gilead Sciences. Hes in the Nebraska Medical Center in omaha. Overseas, virus cases linked to italy have spread to five other European Countries, and virus cases linked to iran have spread to iraq, afghanistan, kuwait, oman, lebanon and bahrain. Brazil is testing a man who recently visited italy. If a second test is positive, it would be the first case in latin america. Health secretary azar told congress quote, we cannot hermetically seal off the United States. The cdc says its not if it arrives, but when. Worldwide, economies are slowing, there is a fear of association with anyone who may have been in any way near a Virus Outbreak. So ....
The yield curve is incrementally flatter. We expect that to continue for the short term. It has been catching a lot of investors off guard. I think it is there for a long haul. At this point in the overall fed cycle, we would anticipate that the curve should steepen somewhat. Youre seeing late market cycle behavior. Part of that behavior is a flatter yield curve. If the fed is on hold and lets be economy run hot, that will keep the short ends, which everyone expects. A market priced for recession, but it is telling you there are no risks whatsoever. That is not really a tenable situation. The launchpad controls are in very much in the hands of politicians right now as opposed to Central Banks. If you start seeing some of these deals go through, you could see a steepener. If it happens, we think you create the conditions for an upside to expectations on inflation and we think it gets manifested in the yield curve steepening. Lisa jo ....