Entire party further to the left . To get a sense of that, we welcome someone with vast experience on wall street as well as in washington, he is Ralph Schlosstein, cochairman and coceo of evercore. Great to have you with us as always. Youve described yourself as a fiscal conservative but a social liberal. Side, fiscal conservative are you concerned joe biden is tacking to the left to make sure he keeps the bernie brose with him . Ralph not really. If you look at Vice President bidens record in the senate and when he was Vice President to squarely obama, he is in the left center of the Democratic Party, the center of the Democratic Party. E is a procapitalist his selection of Kamala Harris as a Vice President , who while i also believe is procapitalism, sets of course which i believe is a right course for the country. Commitment to private enterprise , but also a more balanced distribution of wealth and access to health care and education as more of a right in our society than a privil
Rally with a haven assets, and then volatility for stocks. Right now they are having rotation back into the cyclicals. That has not been the story on the week. Tons of uncertainty on the week. Bondswe have the yen and climbing early on monday. A big tell on some of the volatility we saw for stocks. Guy is there anyway david is there any way of knowing how much of this is on the fundamentals of actual news about coronavirus or jobs and how much is positioning . How many people had short positions that took off yesterday . Abigail i they get has a lot to do with uncertainty. You had a huge move down, and then the wave of liquidity from the fed to offset that decline. The fundamentals, people have views on whether there will be a orhaped recovery, a w, an l possibly something worse. When you have a move up 40 more , you have markets incredibly tight. Any piece of bad news will set to the downside. Not as much conviction near the top. You have the idea the virus might not be as strong. Tha
American history tv, now and over the weekend on cspan3. Every saturday night American History tv takes you to College Classrooms around the country for lectures and history. Why do you all know who lindy boreden is and raise your hand if you heard of the dean harris murder trial. The deepest cause where well find the true meaning of the revolution was in a transformation that took place in the minds of the american people. Were going to talk about both of the sides of the story here, right. The tools, the techniques of slaveowner power. And well also talk about the tools and techniques of power that were practiced by enslaved people. Watch history professors lead discussions with their students on topics ranging from the American Revolution to september 11th. Every saturday 8 00 p. M. On American History tv and lectures in history on podcasts. Find it where you listen to podcasts. Now a conversation on slavery and native american displacement. University of richmond professor discusse
Tropical storm dorian coming up emily. All right here at 6 00 lets start with a look at your bridges. We are going to start with the bay bridge. The busiest one of them all those metering lights are on. They are backed up to the foot of the maze and up onto the 880 flyover. Sorry i just got distracted because i just saw there are flashing lights in the approach to the bay bridge. At this point chp hasnt written anything up you can see that right there between all those big rigs. I dont know. In the meantime its going to be slowing you down at the toll plaza into San Francisco this morning. Youre also slow and go across the san mateo bridge to the peninsula this morning. So you might need to give yourself a little extra time there as well. And last but not least the Richmond San Rafael bridge that approach is packed but not slowing you down at this point. Youre good to go northbound and southbound on 101. Im anne makovec at the live news desk and were going live right now to puerto rico
Ahead this our. Im melissa lee, coming to you live from studio b at the nasdaq. Our guest trader tonight, Katie Stockton of fair lee strategies. And we start off with the newest milestone for Interest Rates. Yields on tenyear surging part the 4. 6 mark, getting closer to breaking above october 2007. The benchmark rate is up 1. 4 Percentage Points from its april low, massive move. The rapid rise in rates taking a particular toll on a few sectors. Real estate, utilities among the hardest hit. And while stocks closed off their lows of the session, the attempted rally lost some steam so, how worried should stock investors be about these rate moves . We like to play a game i love games. Here on fast money, where i would say, imagine if yesterday i told you this would happen, what would the markets do . If i said to you, guy i love games. That tenyear yields would go above 4. 6 , what would the market do . Nasdaq is probably obl oblit obliterating, russell, small caps are getting whacked. Vi