2. 39 and nasdaq worse its all about the bizarre action of the bond market. You got to remember the bond market is a lot larger than the stock market even though unemployment is at the lowest level in 50 years. Something disconcerting happened with bonds earlier today the benchmark tenyear treasury had a lower yield than the twoyear. Thats a highly unusual setup. Havent seen it since the Great Recession of 2007. We have memories the yield in the 30year treasury has fallen to record lows again that is piercing as bond yields fall off a cliff, they are taking the stock market with them. Why . Because of president the bears will say any team we see treasures like this, a recession follows. So even if things seem fine in the economy now, there is a wide spread fear they wont stay that way and things could get worse in the future. Now, i think that could be a misread of the current situation, but i can no longer dismiss these concerns given the pronounced moves in bonds we saw monday and to
A deal is essential. For all the preparation we do, its like putting up sandbags to prevent floodwaters. Well probably still lose the kitchen, but we might save the bedroom. Borisjohnsons in scotland today. His own leader there says she wont back a no deal. Three people have been shot dead at a Food Festival in california by a gunman who cut through the perimeter fence. He was killed by police within minutes. We heard people shrieking and screaming and everyone going, active shooter, active shooter, run well bring you the latest. And, cannabis will be legalised within 10 years according to a group of mps whove been to canada to see how the drug is controlled there. One even tried it for himself. Im sort of quite hostile about drugs generally, thats where i come from as a parent but i want this purely for sleeping. Well speak to one of the mps who says hes changed his mind on the issue after the trip. Hello, welcome to the programme. Were live until 11 00am this morning. Do you agree wi
Depressed in the wake of chinas retaliatory tariffs. Prosecutors said to depend bill cosbys Sexual Assault conviction in Appeals Court next month say the accusations from other women are no coincidence but rather the culmination of a decadelong pattern of behavior. The 82yearold comedian is serving a three to 10 year prison term for drugging and molesting a woman in 2004. As these lawyers plan to argue a long list of alleged trial errors on appeal. Has called for substantial reciprocal action over frances proposed digital tax. The move comes after french president Emmanuel Macron digital 3 tax on all revenues. The Trump Administration has said it will examine whether the tax would hurt u. S. Tech firms. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Onair, and tictoc on twitter, live from bloomberg World Headquarters in new york, im vonnie quinn. Live in toronto, im
The fed gave us what we wanted, the market implodes. Dow plunging 334 points, s p plummeting and nasdaq 1. 19 down honestly, there was Nothing Shocking about fed chief jay powells statement but people dont understand how the game is played its insurance and not the start of the easing cycle. That upset everyone hoping there would be a lot of rate cuts galore including those betting the dollar would decline the fed is supposed to be cage gee about this remember the last time powell told us the longterm plans in october, the stock market crashed. Promising a series of rate hikes was a big mistake. Hes not going to make the same mistake here by promising a series of rate cuts. Hes not stupid. Of course, President Trump piled on how powell let us down. You can say that trump let us down by firing yellen who is much closer to trump and putting powell in, and enough powell bashing for heavens sakes hes on the case as there is plenty of evidence, positive news enough to befuddle some fed watc
All of this remember 32 Million People are in the path of a late season snowstorm today. The line of heaviest snow stretches from West Virginia up through new york. Some areas are looking for as much as a half a foot of snow. Oh good. We keep thinking were done with it but one more time. Hopefully this will actually be the last snowstorm. Spring is here eventually. It will be snowing at 6 45. Some of the heavier snow is coming. Oh, good. One more thing to look forward to. We have schools here dismissing earlier. Some of them at 12 30. Thank you for that too. As the for the markets this morning, take a look you saw what happened, down by triple digits for the dow yesterday. This morning were seeing a nice rebound with the dow futures you about 89 points and the nasdaq up by 17. 5. A Solar Eclipse is different than a lieuunar ellipse. Yeah. But they both involve the moon. Yes, because the Solar Eclipse is the moon block out. The earth is never blocking or is the earth in the path of the.