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Jonathan it was better with cable down and the euro at 1. 17. Alix talking about cable, take a look at the gilt market. In the gilt market you are seeing yields up about four basis points. After thetively flat data out of the u. K. Unemployment and wages. Dollarmex down slightly. Aluminum missed, down 1 . David it is time for your morning brief. We will start out here in from two fed president s, bill dudley and Robert Kaplan in a discussion. U. S. Nutes later we get Housing Starts and Building Permits for september, and the Senate Finance committee will meet with President Trump. Jonathan chinas president xi jinping laid out a roadmap to turn the country into a leading country by 2050. He warns there may sti ....
Programs generally. They are supposed the educational programs. They help kids who do not get fat at home so they do better in school. There is no evidence they are actually doing that. Actually helping results and doing better at school. When we took your money from you, the way we justified it was these programs would help kids do better at school and to better at jobs. We cannot prove that is happening. We are saying no afterschool programs out there are doing their job. I dont believe we cut all the funding of those things. You were talking about the steelworker in ohio and pennsylvania and so on. Those workers may have an elderly mother that depend on the meals on Wheels Program who. Ay have kids you described this as a hard power budget. I think it is probably one of the most compassionate things we. An do you are only focusing on half the equation. You are focusing on recipients of the money and we are trying to focus on re ....
The oil part along with oil prices, it is not a big rally by any meaning. All three major averages higher but none of the region reaching for tense or even half of 1 . Even as we have seen this big recovery from the lows, if you look at the bloomberg here in the s p 500, we have not re obtainedattained that level. I also wanted to point out what is going on with bond yields. This is wb, which lists bond yields across the globe. I want to show you this column if you can see it. This was the topic of discussion at yesterdays zone investment conference. We heard folks criticizing the negative rate regime. We heard Stan Druckenmiller saying that people should be selling stocks and buying gold because of concerns about global growth. If you look here in the United States, of course, we dont have negative yield at this time. The 10year note today, going back to markets, we have ....
Scarlet we are all back. Julie lets talk about whats going on in the markets. Stocks are back toward the low of the session. Near the bottom and theyre not help with the next bag of data with a report that came below estimates with factory orders beating estimates. Beating in thees u. S. You can see that the major averages are not getting any solace from that. If you look at the s p over the course of the day, it did make an attempt at a recovery in midmorning and then came back down again. It just about cut declines in half at one point. What is going on internally here . Lets look at the groups on the move. Energy shares of the worst performers along with materials, and financials, which were also dragging on major averages yesterday. Utilities holding up well as we have seen Natural Gas Prices fall and bond yields fall as well. I did want to dig further into what is going on with oil prices. We havent seen a rally in oil un ....