Corporate bonds on track for the best returns in a decade, but how long can the rally continue . We begin with the big issue, markets betting low rates are here to stay in 2020. It is hard to see the yield breakout from here. Bond yields moving sideways. We cant generate any inflation right now. Still attractive but certainly not breaking out. 1. 20 by the end of the year. If we get to 1. 2 on the 10 year, we are looking at a global recession. We are going to test 1 . A lot of things have to be go incredibly wrong to get to 1 . Unless the market begins to price in additional cuts, the 10 year, at most, will drop down to the 1. 60 range. The fed will probably not cut again. If there is any weakness in the data, you will see an outsized rally in bonds. The path to least resistance has been lower, and i see no reason to think that will change in 2020. Taylor can we break out of the range set in 2019 . Joining us from new york are collin martin, peter tchir of academy securities, and in pa
Others. An extraordinary year to look forward to. Thank you so much for being with us. Much to talk about in the next halfhour. I want to talk about your new effort, thinking about immigration and what it means. We must talk about the central bank. Weve got to talk about the markets. You have been the gloom cruise great pinata. Good times, bad times. We cannot possibly go up. Confounded off the gloom of last december, but confounded over one year, five years, 10 years to good and substantial equity returns. When does it end . Abby tom, thank you first of all for having me here for this discussion. Gloom at yearend 2019 in many ways set us up for a good start to 2019 in the markets. One of the things i am concerned about is just how happy everybody is as yearend 2019. I think what is priced into the market right now is an economic scenario that seems to be the most likely. No recession. The economy perking up a little bit. Corporate profits in single digits, maybe higher growth. It is p
Im talking about why they need more scrutiny, not less. All that and more on making money. Charles we got a slight rebound this morning, this after china sort of stepped up their efforts. They raised the value of the yuan just slightly, but that is in response to the United States yesterday calling beijing a currency manipulator. I want to go to edward lawrence. He has more with us from the white house. How the trade war has turned into a war of words. Edward . Reporter exactly, charles, that war of words is taking on to twitter too, the president saying he will protect farmers, saying the president hinting the fact if there is another bailout down the road, if china does not turn around to buy u. S. Agriculture, the president is highlighting the fact that money is coming into the u. S. Economy because our fundamentals are strong. But on twitter he said this, as they have learned in the past two years our Great American farmers know that china will not be able to hurt them. That their
I want to dance, you and me alone. I want to capture the feeling. Oh, yeah. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren good morning, im lauren simonetti. Lets take a look at how your money is moving this morning. Dow futures gaining 69 points, s p up 8, nasdaq adding 40. Cheryl were seeing stabilization in asian markets overnight. Weve seen a moc a move on the. The nikkei and shanghai composite slightly down, the hang seng actually gaining. Lauren we have some stability in the european markets as well. The ftse is up 50 points, the cac up 55, the dax in germany up 1. 2 , despite a new report showing Industrial Production in the powerhouse of europe contracting. Cheryl were following the 10 year treasury right now, especially on the comments on fed president bullard yesterday, there is weakness on the yield so a little bit more of a bet on stocks today possibly happening versus the bet on bonds. Lauren still the flight to safety is going on. We see it in the pric
2018 financial crisis. Are there parallels or is that way overdone . Were on top of all of that. Lets get going. Welcome, everybody, im neil cavuto. Edward lawrence at the white house now with the back and forth on the trade front. Increasing youre hearing from firms like Goldman Sachs, we might not get a deal before the 2020 election, if after that . Reporter looks that way. Both sides digging in. Negotiations with china could start but not over trade but over currency. The Treasury Department labeling the china a currency manipulator. Treasury secretary Steve Mnuchin will work with the International Monetary fund to level the competitive or unfair advantage, level the Playing Field there the treasury, imf acts an intermediary, a forum for the exchange of these conversations between china and the United States. The Treasury Department has a number of suggestions already for china. First they want to lower the trade imbalance with the u. S. Second be more transparent how the exchange r