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Michele. This is one of the most difficult things to accept, that this market does not have to reflect what is going on in this economy. Can you speak to that . Bob i can speak to that because im in the bond market and it is reflecting perfectly what is going on. We just printed 33 gdp. There is a giant hole that we think will take 10 years to fill the output gap that has been created. The fed is telling us for a long period of time they will keep rates at zero because they have to bring the cost of funding down across the system so that any kind of recovery takes hold. Slowly, Bond Investors are recognizing that, and that has emboldened them to move further up the curve both in terms of duration and lower in credit quality. Jonathan we have had conversations about market distortions. The equity market, Big Tech Companies dominating the benchmarks in the u. S. What is the ....
Market. Three year and 10 year bond options coming in superstrong. Watch how that winds up performing. Time now for todays top market moving news from our new york team and washington team. We want to begin with economic the u. K. Economy shrinking on the 6 in march. Predicting what could be its deepest contraction in more than three centuries. Bloombergs Michael Mckee has more. Michael ask not for whom the bell tolls. It is the u. K. This time. Just one week under lockdown was still enough for a 2 contraction during the first quarter. As you mentioned, a 6 contraction during the month of march. Britain plunging into what may be its worst depression or recession, at least, since 300 years ago. Three centuries, according to those who have been figuring out. Tourism fell by 46 , air transport down 44 . Engine ofpending, the the economy, down 1. 7 in the first quarter, the largest drop since the financial crisis. We got data from the ....
Has reported a records rise in new code with 19 infections for the 4th day there were all tally now heading towards 25000. And south koreas governing party makes huge gains in the 1st National Elections be held during the pandemic. And in sport californias governor believes the chances of a sporting events taking place in the next few months. Gavin newsome believes Mass Gatherings in his state wont be possible for months. Its 10 g. M. T. And we start in washington d. C. Where donald trump has halted u. S. Funding for the World Health Organization the u. S. President. Is accusing it of mishandling the outbreak and failing in its tootsies he also says the agency covered up how the virus was spreading out of china well the u. S. Is the biggest donor to the w. H. O. Contributing their 15 percent of its budget ....
With the world news from aljazeera russia has reported a record rise in new covert 19 infections for the 4th day. Heading 425000. And also south koreas governing party makes huge gains in what is the 1st National Election to be held during the panda. Is 1100 hours g. M. T. 7 am in washington where president didnt President Donald Trump has halted u. S. Funding to the World Health Organization he is accusing it of mishandling the outbreak and failing in its own duties he also says the agency covered up how the virus was spreading out of china the u. S. Is the biggest donor to the w. H. O. Contributing nearly 15 percent of its budget well start with this report from mike hanna. In what has become a pattern president trying to use his podium to parade reporters if you keep talking ill leave and you can ....