Yields on 10-year U.S. Treasury notes fell below 3-month Treasury bills on Friday for the first time since 2007, triggering a major recession indicator.
Yes, but: Market analysts have tripped over one another telling us not to worry. This time is different, they insist. And while strategists with high S&P 500 targets are notorious for balking at clear and longstanding recession indicators, they do have a point. Things are different now.
One of the ugliest TV distribution fights in recent history is finally coming to an end after months of harsh rhetoric, complaints and legal battles. DISH and Univision Communications Inc., announced Wednesday a long-term agreement for Dish satellite networks (DISH and DishLATINO) to carry Univision networks and stations.
Why it matters: Dish customers in areas across the United States that are heavily-populated with Hispanic-Americans were unable to access Univision, one of the largest Spanish-language broadcasters in the country, since June 2018.
Barbara Walters feared hiring Gayle King as a moderator for "The View" in 2007 because she worried King's good friend Oprah Winfrey would somehow "hijack" the show, according to an excerpt from the new book "Ladies Who Punch: The Explosive Inside Story of 'The View,'" by Variety's New York bureau chief Ramin Setoodeh.
The bottom line: "The thing that made King famous — her connection to Oprah — also worked against her with 'The View,'" Setoodeh writes. "Barbara worried that Oprah might try to somehow hijack 'The View,' leading to another ugly turf war after Rosie O'Donnell."
Rudy Giuliani told "Cuomo Prime Time" Monday evening a note stating the Mueller report doesn't exonerate President Trump on obstruction of justice was a "cheap shot."
What he's saying: "There's no conclusion he committed a crime," Trump's lawyer told CNN's Chris Cuomo, who asked him to go over that aspect of Attorney General William Barr's Mueller report summary. "They don't have to exonerate him; you've gotta prove he's guilty, even for impeachment. This is a cheap shot. For a prosecutor, this is unprofessional."
Viacom and AT&T settled a contract dispute early Monday that threatened to black out Viacom-owned cable channels like MTV, Comedy Central and Nickelodeon for AT&T's 24 million TV customers in the U.S..
The big picture: AT&T demanded lower fees, while Viacom charged the telecom giant with abusing its market power after its merger with Time Warner gave it more clout.
Factory activity in the eurozone contracted at the fastest pace in nearly six years.
The state of play: The bloc's aggregate PMI fell to 47.6 in March from 49.3, well below the 50 threshold that is the baseline for whether the sector is expanding or contracting. In Germany, Europe's largest economy, new orders fell to the lowest level in a decade. And, in France, both manufacturing and service sector PMIs are now in the red.
What's happening: German 10-year bond yields fell below zero for the first time since 2016. Japan's 10-year yield is near -0.10, the lowest since 2016. Australia's 10-year bond yield fell to an all-time low of 1.772% and New Zealand's 10-year bond also hit its lowest level on record.
