The backdrop continues to be the coronavirus. New york city finally gets a chance to reopen today. I am waiting to hear the construction outside of my apartment. It has been three months under that stayathome order in new york. A live shot of Herald Square and the area around the empire state building. Construction, add, manufacturing, wholesale trade, and Retail Stores can offer curbside or instore pickup. A former new york state Lieutenant Governor and current member of mayor bill de blasios Fair Recovery Task force. There is really no other person. E really want to talk to today this comes in contrast to the protests we saw. How did the protests affect phase one of reopening . Dick one cannot be certain. I think the Biggest Issue is the revenue loss that the city will suffer as a result of sales taxes and property taxes and income taxes. Its impossible to measure but it is way beyond the capacity fiscally of the city or state to make up for that lost revenue. A function ofs how many
Year not beating estimates. David it looks like their stock is down in the premarket about 2. 5 . Home depot before you so rudely interrupted me alix david is funny today. David not very funny. Per depot beat earnings share, a little light on revenue. They basically blamed a lot on lumber disinflation, basically. They are warning a lot about china. One is how they want to eat up the lumber costs, a 21 drop in the cost of lumber. At the same time, you have continued slowing homebuilding, but theres a lag for that. Home depot not necessarily feeling the full effect of that could weakness. Because of the price of lumber, overall sales are down. They took it down for the year. There estimates went down. Ls, theykoh reaffirmed their adjusted Earnings Guidance on that comp sales mess. We will dig into retail more over the next couple of hours. The equity markets looking a little bit soggy here, with s p Futures Party much flat. Dow jones off by about five. It doesnt feel like theres a lot of
People, issues from test profiles of the american people, i get issues from flint michigan. California governor, jerry brown delivered his final state of the state address at the state capital in sacramento. He spoke about the recent wildfires, health care, immigration and highspeed rail construction. Governor brown who wont run for reelection because he is term limited was also critical of the trump administration. [applause] [cheering] jerry [cheering and applause] Governor Brown as my father used to say, i accept the nomination. [laughter] Governor Brown who knows . Good morning. As our constitution requires, im here to report on the condition of our state. Simply put, california is prospering. While it faces its share of difficulties, we should never forget the bounty and endless opportunities bestowed on this special place or the distance we have all traveled together these last few years. It is now hard to visualize or even remember the hardships, the bankruptcies and the home fo
You. First thing is first, we always check the markets. On whates us guidance investors think. The Federal Reserve continuing to drive a rally in the dollar. Asian shares falling, u. S. Equities higher. The topix finishing at the highest since december 2015. Yen was lower. Tokyo shares jumped after the dow at 21,000. Little bitocks a unchanged after closing at the highest level in more than a year yesterday. The dollar extending some of these gains after brainard became the latest fed official to support the case for an Interest Rate hike. Lets get to the bloomberg first word news. Heres nejra cehic. Nejra the u. S. Justice confirmed that attorney general Jeff Sessions had conversations with russias ambassador to the u. S. While he was a surrogate for Donald Trumps campaign. He said during his confirmation hearing that no contact occurred. Sessions said in a statement that he never met with russian officials to discuss the campaign. The news has prompted Top Democrats to call for him t
Found dead monday of an apparent overdose. 12 news nick bohr is live at the m. E. s office, where this news must be hitting particularly hard. It is, even for people surrounded by death. The news hits hard. The son of the chief medical examiner and someone known to the staff here brought in for an autopsy one of more than 170 , suspected drug deaths this year. Milwaukee police were called to this Apartment Building monday at 27th and clybourn and found a man dead of an apparent drug overdose. But this young man in particular, 29yearold adam peterson, is one more example that whats been called an epidemic of opioid drug abuse cuts across societal lines. Adam, seen here in his facebook selfies, is the son of Milwaukee Countys chief medical examiner , dr. Brian peterson dr. Peterson is a frequent voice on the soaring death rates from of milwaukee headsup an initiative to cutdown on prescription narcotic abuse. According to the report on adam petersons death, paramedics used narcan, a drug