, with the small moves for stocks, it would make sense to look to other clues. Investors look to the volatility index to see whether it is on the rise. Whether these record highs can be sustained. Another volatility index is on the rise. The index in white. Some of them call it a panic index. Year,e in july of last when the s p 500 was carving out new highs, the scio index was high. Skew index was high. Keep this in mind, considering we have the vix low, the skwew s px on the rise after the 500 is at record highs. We have talked about green shoots, and one of the things that backs that up as the resteepening of the yield curve. The spread between 10 year and two year yields rose above 25 basis points for the First Time Since July Caroline july. Inverted fort only a week late in august. There has been a noticeable flattening of the curve. Long head has rallied stronger than the short head. Basis ifpositive by 22 you look at the spreads between two month and five year yields, its a diffe
Stretch but after several days, these new records have legitimate records. We broke a lot yesterday and intel was one of the companies that really took a hit disappointing investors with the data center, growth, and numbers. It takes a huge chunk out of the Standard Poors 500. Southwest also a real disappointment. You can see a big drop there. It is not a big company but it is taking a huge amount of points away from the s p 500. Muskesla motors, elon comes out with his master plan. I cant believe the stock takes such a big hit. What were people expecting . Obviously he thinks in bigger terms than that. Scarlet he doesnt give details. Joe hes a big picture guy. On the government bonds, a bit of declining yields. Nothing too dramatic. But the fitting the market hell off. Scarlet the euro dipping below 110 briefly, it is right there again. It was a threeweek low. They just have to wait for more data before deciding on what to do next. Found a measure of stability. The uk Prime Minister m
Putting Jeremy Corban in as their leader. Looking forft and radical economic changes there. The dax in germany is 15 points lower now, just under. 2 . Everybody watching the dollar. The dollar index is lower this morning by just. 1 . The u. S. Trade weighted dollar is something we need to teac kep an eye on. The fiveyear going for 1. 5 percent once you rounded off. The twoyear is at 71 basis points. Topping the list of things were watching today, volatility. The vix fell. Volatility lower this morning despite the fed ahead. Congress is back trying to find a way not to shut down the government in two weeks. Last shutdown hit the economy hard. China, more weak economic data. Credit is growing there. Tom sees may be tiny green shoot out there . Tom yes. A little bit of a green shoot. What an ugly win for the Denver Broncos. That was terrible. We enjoyed the mets, and still managed to pull things out. Wonderful worda for our sponsors and then i will pull up a chart. Bloomberg surveillance
Now Strong Enough for a december rate hike . A lot of things happening today, but first of all, a very Big Development in the president ial race. Eamon javers joins us in d. C. With more details. Eamon . Mandy, thats right. A blockbuster report here in politico. Com this morning. Politico reporting that ben carsons campaign is admitting that a central piece of his biography was not, in fact, correct as reported by him in his own books. Theyre saying ultimately ben carson was not ever an applicant to west point. In his books ben carson wrote he applied to west point and was offered a full scholarship after meeting with general william westmoreland. Politico reporting that the Carson Campaign is now saying that, no, in fact, he was never offered a full scholarship to west point. In fact, west point is tuitionfree for those offered admission. Theres no such thing as a full scholarship in any case to west point. This follows on a number of controversies for ben carson and his campaign whic
thought they built everything there. beyond southern california, what kind of airbus jobs are there for american workers? reporter: well, airbus, as you probably know as you mentioned in the lead in, they re now sourcing in 40 different states. 138,000 workers, they added more workers in the united states in the last five years than anywhere else in the world, and number one, we ve got skilled labor, but they save about 30% on every piece that they manufacture here in the u.s., and, of course, the other thing you alluded to is it gives them leverage are congress. so with congress. so you don t have a french-speaking executive going to capitol hill to lobby, you have mayors of town like commerce and santa ana, you have the unions going to capitol hill and lobbying for that latest tanker contract that they re competing with boeing, so that gives them leverage on capitol hill because they re employing american workers.