Fed chair is currently testifying to the house ways and means committee. Whether it is eu in china or the u. S. In china, we will break that down. We will have exclusive interviews with the erickson ceo. The main story continues to be the fed. The pandemic may threaten the stability of longterm Inflation Expectations. That was according to the vice chair yesterday. I judge that measures of longerterm inflection Inflation Expectations were at the downturn at the lower end of the range that i consider consistent with our 2 inflation objective. Given the likely downturn, we are at risk of falling below that range. Us now is blackrock system medical systematic portfolio manager. What does that mean if we fall sustainably below that range . That is where we are today. This is a huge shock. It is a huge shock across both sides of the economy. That has been met with less price inflation. We have seen the impact across price commodities. We have seen it yesterday with retail sales in recovery
Rates because they have already accounted for trade. Id weve taken caracalla weve taken care of that, i didnt have to worry about every up and down in trade negotiations. The nature of the war is that you have titfortat going on all the time. It is not reasonable for Monetary Policy to respond to all of these threats and counter threats. Weve already taken that into account. Trade regime uncertainty is high , and we are putting that into the Monetary Policy calculus. Alix then you have a three month tenure curve that doesnt want to listen threemonth10 year curve that doesnt want to listen. David i dont think markets believe him. Alix it is an extraordinary day shaking out. Equities continue to climb. We are seeing some followthrough buying, watching some moving averages. In asset classes, it is a really unbelievable day. Money flooding into all bonds. Europe. Ves over in almost 60 basis points in the tenure german bund yield. Amazing actions by Central Banks across the world, new zeala
Nbc news exclusive. The alabama woman who jumped from the trunk of a moving car toes cape her kidnapper, opens n the back at frightening it of my head so i can just get through the day. This morning, why she says she owes her life to a video she saw on facebook. And how sweet it is. Ahead, mackie. And twohanded jam. South carolina stuns duke, wrapping up a weekend of march madness powerhouses like ucla a North Carolina survive and advance. So, how is your bracket looking today . Monday, march 20th, 20 nbc ne y today, with matt lauer and savannah guthrie. Live from studio 1a in rockefeller plaza. Good morning, er today on morning. You see those things on my eye balls, those are basketballs. I thought it was tears. Did you w watched the scores they popped up on my screen. Duke, not helpful to my bracket. My bracket is in good shape. Good. The less you pay attention, the better you do. Were going to talk about the tournament coming up. Lets begin with a ahead fot trump and his administrat
. General as an stordy course of their business. Charles jim, you have been on top of this probably more than most folks. This latest revelation. Lets walk through this. Apparently the nfc noticed a pattern where susan rice was making these requests, specific requests specific to Donald Trumps Transition Team and any incidental contact. Is it clear she was able to get these names and unmask them to the media and others . They sure got out there, so apparently yes. I think they have been doing it for a long time. There is a pattern of doing this if you go back to the iran deal. They were spying on congress by look at intercepts from congressmen to see which ones were leaning against the iran dean. John brennan got caught lying about whether they were spying on congress. There is three instances of them using our intelligence apparatus to spy on domestic political opponents. This is going deep. Charle iis going deep. We are starting to understand the whole thing a lot more. Well find out
From the new York Auto Show are coming to us. We talked to the chief executive of cadillac about his plans to compete with premium names like bmw and audi. Lets head straight to the markets where Bloombergs Julie Hyman has the latest. Julie stocks pulling back today, not huge declines, but it does mean we are now negative on the year. If you look at the yeartodate returns, we had that brief period of gains on the dow, we are still negative and the nasdaq more deeply in the red. It has consistently been the laggards. In terms of what is dragging, it is the banks. We had a lot of investors and traders say if there is going to be a catalyst for u. S. Stocks, it could be earning season. We will hear from Many Companies starting over the next couple of weeks, but banks are among the first to report and some of the commentary is not very positive. Ubs is rating wells fargo a cell. Sell. Andysts cite high valuation for u. S. Banks, it is the perfect storm for firstquarter earnings. Earnings w