and also by the department of treasury. we ll get to that in a moment. let s look at the markets right now. where is ferro, by the way? it is tuesday. lisa: he is still in capri, i heard. he s going on a tour about short pants. tom: maybe he is in lockdown. things could be worse. on the markets, i want to go right to your wheelhouse, and that is the new real yield going down to a real big negative number. lisa: basically, this idea that people are increasing expectations for inflation, but the actual yields are not rising. i will say yesterday s price action, fascinating. we saw the biggest dip in the s&p to start the year going back decade. more than a it was down 1.5%. about thewant to talk new york stock exchange. lisa, your first view of treasury simply saying to the president, no. lisa: the idea of the uncertainty of policy, other executive orders, of how this ticket is transformed under a biden adminstration and how this could help chinese assets because people expect t
europe. it has been stunning. we break out today with new dollar weakness. this is one of the major themes. , it is the way it happened. in the last hour the here is been a shift in the foreign exchange market. to spend a loted more on that, and it is the pace of change that could worry a lot of policymakers. let s get to first word news in new york city with karina mitchell. karina: republican leaders have say there has been progress , kevin mccarthy saying there is a possibility of getting stimulus done. if the largest issues are being set aside. it was a pivotal moment on capitol hill. for the first time senate majority leader mitch mcconnell recognized joe biden as the winner of the presidential election. he is also discouraging republican senators from joining any move to object the electoral college outcome next month. that is one congress will formally count the votes. fed reserve air that fed reserve chair jay powell is considering changing the bond buying program wit
this world. president trump may have made theresa may s political problems worse. president trump said he would have taken a tougher stance on getting out of the eu than may did, this as may faces a revolt from her own party over the terms of brexit. in kabul, and attack has killed soldiers. the death toll has risen from the weekend suicide bombing. 103 people killed. the attacker was driving an ambulance filled with explosives. , returning home after spending several months in detention, the billionaire reached a settlement with authorities. shares and his company are surging today. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. david: we turn to our first take. bond yields rising here it a big week for economic data. number three is the state of the union address tomorrow. which donald trump will we see? alix: maybe both. that would be confusing. joining us are our guests now. thank you for joining us on a monday. i
yield he 10 year 2.93% on the 10 year yield. pivotrt of the morning to of the weaker dollar has to be dollar-yen continuing its move below of critical support levels. nonetheless, the question of the stronger yen, is it a safe haven play? is it the hedging? a lot of question marks to what it s doing. companies aren t so fine with it. it does not do well for equities. taylor riggs is here with first word news. taylor: in south florida, a 19-year-old former student has been charged with 17 counts of premeditated murder after the deadliest school shooting in the u.s. in five years. cruz open nikolas fire with a semiautomatic weapon. he had been kicked out of the school last year. 15 wounded survivors have been hospitalized. president trump plans to meet with mexico s president in the coming weeks. relations between the countries are strained. president trump as insisted that mexico pay for the wall on the border. he has demanded mexico agree to changes in the north american fre
tot both have the potential get exit wrong. or we can be grown-ups and find a way of making it right. anna: very warm welcome. i am anna edwards. manus: markets have a lot to digest. the beginning of the federal reserve meeting. it is the bottom market we turn to. this is how the fund managers are selling themselves in england to this meeting. you have the wipe out the way down to 2.01 back up to 2.2%. this is the net long positioning in the bond market. fund physicians have dropped, they have cut their life positions, the at least bullish top year and just go to life. the bloomberg economic surprises sincee lowest levels 2016. bond market yields were at 2%. there is a lot of whipsaw in the market. anna: not all that far, 2.21%. lots to talk about with the fed. and verycks diverting explicable when you look at what is going on with japan. the close catching up today, hong kong and south korea a little bit weaker. the overall picture is up be. it not tell us all that much abou