Despite fears that continue to permit. The bait in the bond market continues. Down five basis points from the 10 year. Out, 47. Ly wiping you will have a lot of paper from banks that lend to producers. We will bring you the latest market moving news from all over the world, from hong kong to washington to new york, our bloomberg voices are on the ground with this morning stop stories. We begin with asia. The death toll is climbing, cases worldwide are above 82,000. Saudi arabia halting religious visits, well japan asks for all schools to shut from march 2. Stephen engle joins us from asia. Stephen it is significant because it is the first time we have had more new confirmed cases outside of china that inside of china. It could be because china has a great, on this or, more sinister, that the virus is spreading faster than the who and others are expecting elsewhere in places like south korea, japan, in the middle east. As you mentioned, saudi arabia does not have confirmed cases, but th
What are we doing equity wise . Yvonne it is about that jobs report. Making a little money for the fed. It will be interesting to see what jay powell says. Is he going to lay a strong case for some kind of easing cycle after that solid jobs report . There are indicators that it was not that strong here. Slower when it comes to wages. We will see that rate cut at the end of the month. You are seeing equities selling off here today. After this continued pressure from japan onchip materials. The chip sector is under pressure once again. Hong kong under pressure. Down more than 130 points. We are on the cusp of hitting another record here. The dollar is stronger after that u. S. Jobs report. We are seeing asia a bit under pressure. To what else we are seeing here. Oil is in the front after pulling back a little bit on friday and on are selling off as the market tries to correct that u. S. Jobs report. Does this lead to less expectation . They will cut 50 basis points. Looking out for the b
Cents. The price of gold holding steady. Its up just a little. Have we got a price there . Okay. We will get to it later. Its 1300 an ounce. What did you say . 14 . Gold is 1400 an ounce this morning. Big gain yesterday, a fractional gain this morning. Got that. Investors do not know what to make of this. Chinas leader goes to north korea. Interesting that right after that visit was announced, President Trump called xi jinping and worked out an extended meeting. So its a threeway dance and no one knows whether it helps the trade talks or not. Look at this, too. After a big rally yesterday, no significant pullback this morning. Yes, the dow, the s p, the nasdaq, they will all open lower but all three are still at or very close to their alltime highs, despite whats going on around the world. Go figure, maybe. Friday morning. Varney company about to begin. Stuart want you to see the video. Look at it. Its cooling down a little bit now but that was a massive explosion at an oil refinery in
Neil gas driving inflation along with food and hotels, thats the threat sort of like 3 strikes and youre stockpiling is out. Are costing more with the latest wholesale Inflation Report. We will not see the interestrate cut for 3 more months. The june cut was looking good and more like a given. Now not so much. The headline Inflation Numbers stronger than expected and paroled to higher prices. Consumer is more resilient than expected. Hoping the fed buddies up on Interest Rates when the cost of that gas keeps going up. Larry glaser on what is adding fuel to the fire . Reporter you called it. Gas prices continuing a multimonth high with the nations battle against inflation, two steps forward, one step back. In this battle, what you see is lack of spending is not the problem, they are taking on debt to spending. Credit card debt is soaring, delinquencies, auto loans but also at the federal level, federal debt is soaring. The National Debt rising at 1 trillion. The spending is the issue bu
February 6, regular meeting. Directors, any changes to the february 6 Meeting Minutes . Seeing none, open Public Comment for item 4, february 6 Meeting Minutes and close Public Comment. Could i have a motion and second . So moved. Second. Please call the roll. Motion to approve the minutes, henderson aye. Hinze, aye. Tarlov, aye. Eaken, aye. Thank you. The minutes are approved. Places on item 5, communications. I have none. Moving to item 6, introduction of new or Unfinished Business by Board Members. Colleagues, any new or Unfinished Business on todays agenda . Seeing none, no need for Public Comment. Item 7, the directors report. Thank you. First i like to introduce transit director julie curshbalm for our staff recognition. Good afternoon. It is mytransit director, it is my profound pleasure to be recognizing miriam surel today. She will come up in a minute. But she is over there with family and staff to support. We are on a multiyear effort to better support transit operation staff