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Optimism toward a vaccine. On the other hand, bonds, we have this quiet rally. The 10 year yield firmly in this range. Bonds are pricing for the possibility of nearterm challenges around virus spread, oil stocks are looking ahead. It is not clear which side is right. Theres going to be some interesting activity ahead. David thank you so much to abigail doolittle. Fast congressional action helped bring the u. S. Economy back. Theome now one of those at center of the debate over future stimulus, republican congressman patrick mchenry. He is Ranking Member of the finance committee. As i say, i think most people agree, congress acted big and fast and help bring the economy back. Now we are seeing wobbly notes. Do we need more stimulus to avoid a double dip in the economy . Rep. Mchenry yeah, i think we do and i think the Federal Reserve agrees. Art of our country and segments of ....
S p futures up by four points. Eurodollar a little bit weaker. The dollar is finally getting a rally. The first time in about five days. 10 year yield pretty much goes nowhere. We had the big selloff all across the bond market. By. 5 . The 10 year breakeven rate is up over 2 . Level it crossed that level just yesterday into the fed meeting. It looks like the market is starting to price in more future inflation. I am sure we will understand it all after we read those minutes. Lets get a on whats making headlines from outside the business world. Emma chandra is here. President trump has a warning for north koreas leader kim jongun. The president tweeted that he has a much bigger and more powerful Nuclear Button. He was responding to kims warning that the Nuclear Button is always on my desk. Theres been a major diplomatic right through between the two koreas. North korea called ....
What is it you remember about president reagans inauguration western mark it was the most admirable of all i have been to for several reasons. One, it was the first time we had an inauguration of the president on the west front of the capitol building, all before then had been in the east front. That was new and more room for people, a grander view, and president reagan being from california wanted to look west as he was sworn in. That is one. Second, it was my first one and i was elected simultaneous, so i took office a few days before he did. That was memorable because it was the first time i sat on the platform of their ancestry was taking place. Person,e was a sunny optimistic, outgoing, likable, coming off president carter who had resided over what he had called malays in america. This was a new beginning, if you will with president reagan. Again bys highlighted the drama of the simultaneous inease of the 400 hostages iran. So you had a split screen on tv of president reagan being ....
Majority of nationalities on board. Incredibly interested and have a great stake in the progress of the Search Operations, trying to locate that missing airliner. And i think that even though tony abbott was cautious in what he said he went a little further than any australian official has so far done in terms of describing the progress. Take a listen. We are confident that we know the position of the black box flight recorder to within some kilometers. Our confidence in the approximate position of the black box is not the same as recovering wreckage from almost 4 1 2 kilometers beneath the sea or finally determining all that happened on that flight. But what Angus Houston, the man in charge with overseeing and coordinating the multinational search effort, he down played the Prime Ministers remarks saying essentially t ....