Radio and Bloomberg Television across this nation. It is not a usual august. It is highly unusual, different from 1998. Certainly some of these trends are draw dropping are jawdropping. Bonds participate. It is decidedly risk on. Lisa although you have to say, when you got a 10 year yield below 1 , to say it is a decidedly different tone with yields going up indicates just where we are in this cycle. I will say, also important to note that is yields rise, bond prices down, you are seeing real yields remain deeply negative. Tom deeply negative and plunging right now. 1. 00s the right word, at and now at 1. 03 on the u. S. Tenyear. That is a really extraordinary drop. Saw,own near the lows we but this will be a huge theme. What will you listen for from chairman powell on thursday . Lisa basically, how much they are going to keep yields low and how much they perceive themselves looking at the reality of the economy today. I really think it is important to note that even as yields move up,
And that was hed asked you about mindless austerity, mindless sequestration cuts, ndless which was both in your written testimony and your spoken testimony. Do you really mindean mindless or was that a misspeak . What i mean by that is we sspea should look to make smart cuts hould in programs that arent working. It doesnt say smart. It says mindless. The implication of mindless is that it t applies a kind of across the board one size fits all approach to cutting spending as opposed to what i think were trying to do in our budget, which is to be much mortar getted. Fair enough. But i guess the point the chairman was getting at is given that bob woodward wrote about it and he says it was the brain child of jack lew in the white house. Was the president not smart in offering that proposal . I think the history was it was something that was thought to be so bad that it would neverd neve go into effect. So i dont think anybody at the time thought it was a smart strategy for reducing our bud
Trend. Is a global we walk in this morning and futures are soft. I would not say they are down. They are soggy. In the u. S. , Producer Prices come out at 8 30. Earnings after the bell. Pretty quiet until we get going in october. Note,ouple items of president obama announcing expanded efforts to fight ebola. Whats the number . Under 2500. It is growing. It is not going away. There is a reinvigoration of what the u. S. Will do. Point 500 deaths. The u. N. General Assembly Begins a meeting in new york city. Talking about ebola, syria, isis, isil, is. A major issue with the u. N. Is can get three limousines . The traffic. They have one lane, elaine for the horses, one lane for th lane for horses, one lane for the rest of mankind. Day one of the fomc meeting. Futures nowhere. Nymex crude gets my attention. Vix, showing some of the sogginess. Continued weaker ruble dollar. Canada weaker. This is a log charg. Only in september. Of Johns Hopkins university would get this. See the gentle curve
And everyone goes to sin city uh to have fun. So why are these unions assaulting tourists on the strip . Breaking news tonight. Good evening. Im megyn kelly. Critical neg investigations over a plan to raise the nations debt limit. House republicans presenting their proposal to president obama during a closed meeting at the the white house a few hours ago. Suggesting a sixweek extension, we believe, while the parties negotiate spend ing cuts and tax reform on a larger basis. Both sides i say the meeting was productive. No word on a deal. Meantime we are hearing the white house is insisting that the government be re opened as part of a debt deal. Something republicans re fused to make part of the negotiations but may be re considering. Well bring you breaking developments. Also breaking tonightthe , house reverses itself hours after insisting white house action was unnecessary to reinstate the death benefits to grieving military families, president obama signs a bill doing exactly that.
New reporting from the new york times, president obama extended the role of u. S. Troops in the region meaning they can be involved in combat Missions Beyond the end of this year. Nbc News White House correspondent is traveling with the president in las vegas. The president announced the drawdown of forces in afghanistan earlier this year, so what led to this decision . According to the new york times, which as you pointed out, did break this story, this decision came about in part because of the advances of the islamic militants in iraq. U. S. So officials telling our pentagon team, as you say, u. S. Forces could remain in an offensive position through this year, and that is after combat operations are supposed to end and the u. S. Military was supposed to take a big step back at the start of the new year, training and advising and assisting the forces, but u. S. Forces will remain in an offensive posture after that date, and according to one official, their operations could include m