Simply not coming back. Markethe back of a labor surprise in treasury yields, drifting higher. That is the call you are looking for. Lets start with the jobs number and what it means for the policy effort in washington. I think the number is a sigh of relief. The markets were trying to get jittery going into friday, not knowing how bad or good the numbers would be. This is clearly a step in the positive direction. What this means for policy is yet to be seen, still a lot of bickering going on between the house and senate. If anything, in some respects i would argue that the good payroll number argues for congress to pass another deal to support the economy. A lot of the positive momentum we have seen in the last three months is because of fiscal stimulus. Treasury yields higher by eight basis points on the 30year. This is something that you are looking for. Thender how independent sweetener is of the next move down in washington . Subadra i think they are all closely tied to each other
Damaged two that had a key role in handling virus cases. Officials are pushing for a twoweek lockdown to control the pandemic. The french government is sending right police to the marseilles a rate to enforce mask requirements. Has seen scattered incidents of violence from people refusing to wear masks. Is weren 3000 new cave reported sunday, one of the biggest daily spikes since the country lifted its lockdown in may. The japanese Prime Minister shinzo abe visited a tokyo hospital for several hours today. They say it was for a routine avoidanceck but his and public appearances recently has sparked speculation about his health. He has not held a fulllength News Conference since june and has refused call for a new session of parliament to debate issues like the coronavirus outbreak. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new
Harvesting. Have you gotten your ballot . Are you going to sign it . If you want, i will sign it. Here it is, get out of here. That is the most honest way of doing it, and that is unfair. Now they are taking all of that enthusiasm that our party has, and we have tremendous enthusiasm. I think we have record enthusiasm. [applause] whiche a base alexa nobody has ever seen including these people, wall street journal, fantastic story this weekend, fantastic cover story on the base, an incredible base. Everyone here will vote. We have a tremendous base. They dont. They have no enthusiasm for their candidate. Bernie, they had more enthusiasm for him. Bernie sanders, he is the greatest loser i have ever seen. This guy can lose and be so happy. [laughter] Hillary Clinton, i want to use nice language. I dont want to use a certain word but it starts with sc they will say he used foul language. Bernie sanders got taken advantage of by Hillary Clinton. Worse. By the democrats this time. Warren,as,
Is driving the market. The credit fundamentals are deteriorating. The central bank has effectively crowded in. You can get spreads. Jonathan always great to catch up with you. We have a ton of supply from the treasury. The 30year happened. What was your interpretation. There was supply fatigue. What was your take . In the end, supply does not drive markets. It can have shortterm impact as supply has to get digested by the marketplace. Over the long run, the fundamentals are what will drive evaluation. At the long end the long end of the curve was a little overbought. There had to be concession to be supply into the marketplace. Over time, it will be fundamentals and we will be in a low inflationary environment. The fed is on hold for years. As a result, there will be demand for long treasuries. Back in late 2017, when the administration cut taxes, the yield on a tenure was 250. On a 10 year was 250 what will matter for the long and is inflation dynamics. Inflation picked up in the last
2. 6 for that particular index. The tbi data, many of the underlying elements where it seems like telephone usage and so on that were higher than anticipated in terms of inflation. Lets get to our first guest. We are going to be speaking with megan crane who joins us from washington on the choice of joe biden to pick Kamala Harris for his running mate. Harrisobviously kamala is one of the top names for some time. She is someone who has changed her position, particularly her economic positions several times over the last few months and during the campaign originally. What type of box should be put her in when it comes to an megan economic platform, that is a little hard to pin down with Kamala Harris. That is definitely one of the challenges she faces going forward. On healthcare she had changed her position about medicare for all and healthcare and came up with a hybrid plan that included private healthcare so that is something that they will be trying to outline and defined in the com