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Caroline lets take account to City Private Bank chief economist, stephen whiting. How are you looking across assets at the moment in terms of where you allocate . Not only stocks falling but bonds falling on the same day. Optimism that perhaps yields have fallen too far, too fast. Well, we are a bit underweight global fist income global fixed income. A think this will still be volatile environment. No substitute except for u. S. Hedges,es, some literal not terribly well in the full economic recovery we expect. Underweight fixed income portfolio. There is really no substitute for the safe haven assets. The strategic return estimates have come down. Fortunately, u. S. Yields, when you look at missable bonds coastal eddy good premium to municipal bonds, still at a good premium to the world. They were already priced for crisis. With those, we want to really take them out of portfolios because of valuation issues. Romaine i was look ....
Windows cracked open on the island of manhattan, the soft drone of sirens each and every moment of each day. Francine it is terrible. A lot of us have looked at china with our colleagues, and we are partners for many months, and italy. The pattern, we have been looking at curves and we are trying to flatten the curve by making people isolate, but the curve is similar from country to country with a laggard of one to two weeks. You can look back at the sirens and more resources needed for the heroes and nurses and doctors. Here,e have seen a lot and bloomberg graphics with a great chart out on the number of beds in the five boroughs of new york city. , learned a lot from that chart and from the new york times, great log charts showing the pandemic. All you need to know is new york state, not asas a a city, is on the wrong side of these different geographies affected by this pandemic. There were news in new york city, here is Viviana Hu ....
S p indicated down about 4. 5 looks like the 10year is yielding below 1. 6 . 1. 549 well talk about what china did. Loan rates there dropping as the company tries to take on the impact of the coronavirus. Lets get an update now on the coronavirus. The people on the ship, a couple of people did die from the coronavirus. China as we heard cutting its benchmark lending rate that was expected. Authorities looking to boost the market unfortunately, two passengers from the diamond princess cruise have died. The first reported deaths in connection with the ship which was quarantined off the coast of japan nearly two weeks china is again, changing the criteria of confirmed cases adding confusion to tracking going up or down and whether weve seen a peak or close to a peak l brands reportedly selling shares of victorias sek receipt valuing that brand just over 1 billion. This had been expected that theyd pay for it. L brands chairman and ceo will step down as part of the deal but remain on the b ....
Flagship fund suffering one of its worst first half performances in two decades. Disney breaking office in the a box office, this time its the lion king hauling in the biggest opening for a july movie ever. Its monday, july 22nd youre watching Worldwide Exchange, and it begins right now. Good morning and welcome to shWorldwide Exchange im domic chu in for Brian Sullivan today. Stock Index Futures inindicating the dow will open up by 54 points the s p would be up by 6 points and the nasdaq up by 20. The major averages all coming off their worst week since may on the treasury yield side of things, were seeing a slight tick lower in tenyear note yields the twoyear 1. 82 lets go worldwide in the asian trade. Japan, this morning, you can see here down by about one ....
Yv States Government is a cash flow budget. And the recapitalization of the Nuclear Triade is a capital investment. We are talking 40 and 50year assets. One of the problems we are facing in our budget is it all comes out, it looks like its in the Defense Budget. I call it the pigon. There is this bulk of nuclear phodendization that should be considered capital investment. I think thats important for people to realize when you look at the Defense Budget there is a piece of it that is really something that probably should have been done over the past 30 years that we are trying to do in a hurry. Is that your reading . General cotton it is, sir. The way like to describe it is am responsible for maintaining and the components under me are responsible for maintainin on ....