Carefully and pay a lot of attention to precedent. That is something professor barrett focused on a lot in her scholarship. She cares deeply about precedent and about the institution of the courts. I dont think she would be inclined to move the law very fast . Me a very david in some of the writings i have gotten a chance to look at, she has some skepticism about majority rule. She thinks when Congress Passes look at ithould because if it interferes potentially with individual rights. Tara that is right, but that in and of itself is a very commonly held view by a lot of individuals. Depending on who we are, we care about different rates, let all of us would like a federal judiciary to protect our individual rights from interference. Which things should be left to the political process. This apply to statutory rights as well as Constitutional Rights . We have the bill of rights to protect us. But when it comes to the statute that the congress has passed . Tara i think many members of th
You mentioned the vaccine trials with astrazeneca. That is not voting well. Boding well. Chinese markets nearly 2 down for the shanghai composite. The hang seng down 303 points, and the kospi also lower. Watching the dollar declined overnight, given some of the risk off moves. The pound down on the sixth the day, the longest losing streak since may. Streak eurodollar slightly lower. , ian hashe aussieyen been boosted by the haven play. G10 higherthe only than the dollar. Yields pretty much flat right now but we saw treasuries up overnight. This is where we are seeing signs of contagion from the tech selloff, the Commodity Markets and oil markets in particular. Below 40 forst the First Time Since june. Thats get more analysis with our strategist. Mark, the u. S. Session came back from the holiday continuing the tech selloff. How is the market readjusting now . Mark it is not a pretty start in asia. The thing thats concerning wayle is it appears to be beyond tech and is affecting other A
Second week in a row that its starting out just in the right way. Yeah. I think theres people who just feel that this great shutdown is over obviously its worldwide the spending will begin again. I keep hearing that theres a surprising number of survivors that its not as bad as we thought. With the exception of some mortgages and some credit card, the forbearance wont really reverberate through the system reverberates to the banks. I know theres people who want to try to get the banks going. I say stick with whats working. I know its boring i know people want to rotate its something that Portfolio Managers love to do. I dont like to rotate into any stocks that have numbers cut thats really important. Im looking at david faber, who looks, of course, fabulous im thinking about him because its the credit markets we have to worry about, not the stocks they look great. Whats your concern in the credit market specifically, jim . Like hertz. Its not like theyre nothing. Hertz owns a lot of ca
Aaiia cks, but reading is that a threeyear low. At a the reading is fiveyear low. Valuations climbing. Similar in 2017 into the alltime highs of january. Were looking at another low. Gent at a threeyear the last time we saw that the vergence, it is the bulls that caught up. Maybe gains will be in the lead towards the end of the year. Im looking at shares for one company up ahead of her earnings. Unless looking for this Company Analysts looking for this company to be a bellwether. The stock gets 80 of sales from customers, manufacturing and construction markets. As you look at a chart in my terminal, industrials have been lagging for the Third Straight quarter. This is percent change of performance relative to the s p 500. Expecting a tepid quarter. Analysts saying risks are growing, margin concerns pricing , and 29 Earnings Growth deceleration, so all eyes on the industrials tomorrow to see how this plays out. , speaking of industrials copper futures are up more than 1. 5 percent amid
Sanctions. Partslan to sell vehicle to help its turnaround and get back on track. It is also still looking for a new ceo. Shery lets check the markets. U. S. Futures unchanged at the moment. U. S. Stocks struggled throughout the session. S p 500 slumping after the fed rate decision. Markets taking it is a hawkish cut. In fact it did recover towards the end but it finished basically unchanged. We also had Energy Stocks dragging on the index. Crude falling for the last two sessions after that 15 gain we saw monday. At the moment unchanged, below 60 a barrel. Financials gaining ground today. We had yields plunging after the fed intervened and the repo markets injecting cash to soothe the money markets. That was paired back a little bit after the fed rate decision. 10yearold 10 year yield finishing around 1. 80. Paul some breaking news on the bloomberg terminal. The Hong Kong Monetary authority is cutting its base rate to 2. 25 . Pretty much as expected after the fed move today. So we have