A draw dropping jaw dropping sale at christies. A 500 euros after peace by Leonardo Da Vinci 550 years old masterpiece by Leonardo Da Vinci sells. Can a painting really be worth half 1 million . Brent we are watching the clock tonight in germany. A decisive political moment could be at hand. The Political Parties involved in talks to form a new Coalition Government have just a few hours before a crucial deadline. A deadline who iron out their differences and going to government together. Failure could mean new elections. Chancellor Angela Merkel is confident a new deal can be done in what is called the Jamaica Coalition. The political partys colors match those of the jamaican flag. But she admits, there are some serious differences. Correspondent four weeks of negotiations passing the chances for a socalled Jamaica Coalition hover at today is te to put ourselves in the soe shoes of the other side and ask what is important to them. I believe we can achieve that and if we do we can achie
Yield backing up about four basis points. We are now 25 basis points away from a bill gross who is now saying we could desk could be a could be a game changer. David a big day for earnings. Billion and18. 8 67 gspershare, dollar 1. 67. This be a pattern of earnings with 80 of companies. Alix revenue and sales on that. Energy leading the way. Conoco out with their earnings. A 2. 5ws come in billion, earning be as wells. As well. We saw the same thing happen with shell. The production missing a little bit. Up, 5. 5 billion so far this year. Cash flows at 2. 5 billion. What are they going to do with the cash flow . How sustainable is the higher cash flow . David we have someone joining us who will tell us. Dicker is looking at that. Alibaba announce their earnings and they beat as well. Per share. Yuan total79. 8 billion yuan revenue. 30 on theire back payment system. 33 on their payment system. Myx so i will put it in right pocket and left pocket and that is how we rounded out. David the
Strategist for the last two or three years. I think they have a right to be a bit cautious or unnerved at this point. It seems the bias for rates is upward. The bond market has been in a 30 year bull trend. Yields keep going down and returns are good. I think he is maybe too pessimistic about where bonds are. We will be in a 2. 4. To 2. 7 range you will definitely see bond yields head back towards to 2. 6 or 2. 7 level. I am pessimistic about the probability we can get higher. Well think it is going to happen externally fast. I dont think it is going to be are really distracted in that sense. Jonathan joining the around the , joerns Kathleen Gaffney wasmund and Jack Flaherty great to have you with us around the table. Lets talk about the backup in treasury yields. I can bring that up for the viewers right now. The moment of truth has arrived for the secular bond market bull market. Sand the 2. 4 line in the that bill gross has talked about, as well as janice anderson. How important is
I certainly think they have a right to be a bit cautious or unnerved at this point. It certainly seems the bias for rates is upward. The bond market has been in a 30year bull trend. That has bailed out a lot of bond investors. Yields keep going down and returns are good. Hate to argue with him, but i think he is maybe too pessimistic about where bonds are. We will be in a 2. 4 to 2. 7 sort of range. We are in an environment where you will definitely see those bond yields head back towards to 2. 6 or 2. 7 level. But i am very pessimistic about the probability we can get higher than that. It is just a question of pace and pass. How fast is that going to happen . We dont think it is going to happen extremely fast. The path is higher. I do not think it will be overly destructive in that sense. Jonathan joining the around the table is Kathleen Gaffney, Joern Wasmund, and Jack Flaherty. Great to have you with us around the table. Lets talk about the backup in treasury yields. Tweet the tweet
Be a bit cautious or unnerved at this point. It seems the bias for rates is upward. The bond market has been in a 30 year bull trend. Yields keep going down and returns are good. Hate to argue with him, but i think he is maybe too pessimistic about where bonds are. We will be in a 2. 4 to 2. 7 range. We are in an environment where you will definitely see bond yields head back towards to 2. 6 or 2. 7 level. I am pessimistic about the probability we can get higher. It is just a question of pace and pass. How fast is that going to happen . We dont think it is going to happen externally fast. I dont think it is going to be are really distracted in that sense. Jonathan joining the around the table is Kathleen Gaffney, Joern Wasmund and Jack Flaherty. Great to have you with us around the table. Lets talk about the backup in treasury yields. The tweet from jeff gundlach, the moment of truth has arrived for the bull market. It is the 2. 4 line in the sand that bill gross has talked about, as w