Day. You just made my was that a mel brooks movie robin hood men in tights . With the singing. Something like that. Every time i think of robin hood that is what i think about. Alix cary elwes. Lets get back to markets. Any comments on yield curve control when the fed releases its decision in about three hours. Joining us is Marilyn Watson of blackrock. Thanks a much for joining us. With the exception of the last few days, it has been thebb conversation of about a about a curb steepener. What is the best conversation into or out of the fed . Think expectations for anything new from the fed are extremely low. Good in termsery of the labor market on friday. In terms of that being in earlyement, it is still days in terms of the u. S. Economy reopening. In terms of how we will see further opening in the economy and what will happen in the labor market. At the fed we expect to see yields and rates anchored at the front end for some time to palm. Expectely neutral and we rates will remain ne
Also jay powell making comments that added to some of this those who have been under such pressure, those stocks were the ones that were the biggest rebounders disney up more than 7 banks were up across the board wells fargo up by 8 bank of america and citigroup up jp morgan up mgm resorts up 10. 5 carnival up 15 . Airlines each up 13 all of those gains coming as there is hope there will be some time those stocks can get become to normal and people will feel comfortable. Thats the early trade also lets look at whats been happening i thought theme parks disney and comcast which is over 2 pretty big gain. Who knows whether it is displaced but it was on hopes of normalcy i dont think it is only moderna we are talking about there is four or five real pharmaceutical Companies Working on it. So just the potential you get and other data point where they say someone else has the success to we dont know what technique i dont know if it is mrna pfizer is working on the mrna technique as well. I
Profits could be dragged by 4 billion in pandemic opening related cost. The dow by 1 3 4. Nasdaq down by 1 1 2. I think next year will be a spectacular year in terms of growth and bringing our country back. That is tran15 is speaking on the economy predicting the economy will rebound. 30 million americans filed and implement claims in the past six weeks. The administration said the new jobless claims have gone down week by week. The president is holding a white house ceremony. Leaders said they are not satisfied with the federal governments response and want another relief bill to help smaller communities. House Speaker Nancy Pelosi said the house will not return to washington next week. Several members well. Democrats look at virtual and in person meetings as they craft the next cares act. Today, employees at some of the nations Biggest Companies planning a strike on this may 1 which is International Workers day. Employees at amazon, target, walmart and fedex, some of those set to wal
For our inland cities. Occupied. Are they cloudy skies, patchy fog. Temperatures started the 40s and the 50s. The sun will rise, so we are there is a call to move almost there. Your weekend you will have an homeless into hotels, supporters gathered at the increase of cloud cover, a Cesar Chavez Plaza and marched cooling trend to be met by a to the fairmont hotel, and went into the lobby and held up warmup and the extended signs that read led us in. Forecast. I will break down your temperatures were today, coming up and a little bit. At 6 00, lets check in with sal. Happy friday. Happy friday to you, he could house hundreds of rosemary. People, just like the other we have a nicelooking drive around the bay area. Hotels in san jose that are empty. There is no reason that 10 thousand people should be out on the streets. If you have to hit the road, we are also looking at a commute since the coronavirus that is looking very good. Outbreak, leaders say they have been adding more beds to she
Meeting to tackle the threat today. Nejra an emergency and shock move from the fed. Not just rate cuts but also 700 billion of asset purchases. The markets say its not enough. Take a look at the 10 year yields. We dropped as much as 30 basis points, down 27 right now on a 67 handle. Yields dropping across the curve and we are seeing flattening. The markets not responding well from what we have seen from powell. Dollar weakness. Morgan stanley saying markets are bottoming out so it is time to sell. You want to short the greenback versus the euro, the aussie, and the loonie. We are in the final part of a severe bear market. The bear market inequities that has been continuing in the asian session, a lot of red on the screen including japan. It is a lack of faith in centralbank ammunition. Have seen a lot of action throughout the night. The boj stopping short of a rate cut by talking about more stimulus in terms of etf purchases and a rate cut from the rbnz. Attention turns to the g7 call