The story of the day, the dow losing 258 points and really started with the bond market. Check out the yield. This is why it matters to stocks. 7 of the 10 s p sectors currently yield more than the tenyear bond. Investors buying stocks because they are the new bonds. How big of a problem is this . Bk. Well, listen, weve talked about this. I mean, its made me sick, we talked about it so much. This is what is going on. People are buying bonds. Were buying bonds for Capital Appreciation and stocks for yield. Its an upside down market. Its an upside down world. Now its starting to come home to roost. The volatilities increased. And the other thing you need to know, there is some underlying krentsz. Some strategies out there that buy both stocks and bonds. And when the volatility is low, they get bigger in their stock positions. When the volatility goes high, then they have to sell those stock positions and sell the bond positions. So thats why youre starting to see both of these come down.
Magnificent performance in rio. The record medal haul second in the table ahead of china and so many memorable moments. We can say this kid themselves and their country proud as i know the whole house will wish to care for very best wishes to a paralympic athletes. Mr. Speaker, i had meetings with others. I should have further such meetings later today. Thank you, mr. Speaker. May ask my wishes for paralympic and will do us proud. Mr. Speaker, im sure the whole house will be delighted this country hosts a disproportionate number of the roads finest universities. However, some say they are already shut out of the import collaboration with other fine universities in the European Union. This is such an important thing for medical, engineering, other research and economic prosperity. Can the Prime Minister please tell us what her strategy is . [shouting] can i say how good it is to see your in this place . Of course we agree the importance of our universities in the work they do and Resear
Michigan is the biggest prize. Donald trump has a doubledigit lead, but there are signs that john kasich has been gaining ground. Bernie sanders is still doing better with younger voters. The European Union is getting a deal with turkey to stop the flow of migrants. Turkey made its most serious offer yet to stop the tide of refugees into europe. The Un Security Council sanctions were not enough for south korea. It is imposing its own penalties on north korea. South korea will present entry of any ship that has visited north korea in the past six months and his blacklisting people linked to north koreas weapons of mass destructions. Take a look at futures. Down across the board. The same concern about chinese exports. Take a look at europe. Also going to see red arrows overseas. As far as what we saw in asia overnight, we did see red arrows, except for in china. Take a look at this chart. Japanese 40year yields coming below the u. S. 2 year. You can make more money loaning to the u. S.
Streak due to data out of china. Joe it didnt feel dramatic at any point, but after a string of gains, we had a real selloff. Alix you could see it starting u. K. He miners in the that spread over here to the u. S. In particular, the u. S. Metal and mining etf, falling the most since 2011. Not sustainr could the rally. Joe japanese borrowing costs, sovereign debt, the yields continue to collapse. This is a chart of the fouryear bond. Rate 40year government bond. Its continuing with disappointment and growth and inflation. Scarlet in currency, speaking of japan, the yen getting a safe haven bid for the second day, stronger than 15 of the 16 major currencies. The pound had the biggest decline and a most two weeks. All of that stemming from the commodities market and the continuing route. You had oil at one point breaking above the 100day moving average, but could not sustain it, then declined over 4 . Goldman sachs saying you have to short copper, saying it could fall another 20 . Squeez
King of new york, a republican, that his bill could be brought to the interior and all of us ce the responsibility of selecting whose side do we stand on . We stand for the safety of americans and prevent people that are too dangerous to fly being able to buy a gun or do we stand with those on the nofly list and say, you ought to be able to buy a gun even though you can fly. All of you, voters and non voters, dont you think it is time for your representatives to stand before you in this house and say we agree that if you are too dangerous to fly and too dangerous to buy a gun, or stand here before all the American Public and say, no. No. No. Go ahead and buy a gun. Thats what a discharge petition will do. It will take mr. King to bring it to the floor and put it before the house of representatives, the representatives of the American People, and cause us to make a choice for your safety or for the presumed right of a person who is too dangerous to fly, to buy a gun. Well see what happe