With civil Rights Groups today to address the growing boycott the organizers of stop hate for profit calling the meeting a disappointment saying that Mark Zuckerberg and Cheryl Sandberg are not ready to address the hate on that platform and did not respond to demands of dozens of its largest advertisers the ncaa color of change, Antidefamation League and free press saying Mark Zuckerberg did not offer any tangible plans on how facebook will address the rampant discrimination and violent conspiracies on their platform the meeting that we just left was a disappointment facebook has had our demands in multiple ways and they showed up to the meeting expect an a for atte attending. Attending alone is not enough. Civil Rights Groups saying facebook did not address their list of demands, saying zuckerberg offered no automatic recourse for advertisers whose consent runs alongside hateful posts. They did not address why facebook recommends hateful groups and didnt address rampant disinformation
David it has been up and down even though we had the amazing quarter we just ended. As we go into the second half of the year, you say that maybe perhaps some tea leaves that indicate there may be a shoe to drop. Why is that . Abigail i look at a lot of charts each day and there is just nuances in some of these charts that suggest that some investors are preparing for the possibility of some sort of even shock, an event that most are not anticipating. This is very unlikely. One thing to really keep in mind is the dollar index. There is a lot of indication that the dollar is going to continue declining. The dollar is higher by more than 2 and you have the s p 500 down by equal amounts. This is the real driver for stocks. Drop, as the does economy improves. More so on fed liquidity, that puts pressure on the dollar, you are likely to see stocks and other risk assets go higher. If the dollar rises and there are technical reasons to think you can see the dollar index go sharply higher, tha
Senior executives started trying to bring him down months before he was first attained. Governmenthong kong admits chinas security rules may not conform to longtime practices, but the Stock Exchange insist things will be better in the long run. I think this certainly creates a clarity and stability for us to move forward. Lets take a look at the monday morning markets. A tepid rebound after we had the biggest route in about 12 weeks on the back of that retailfueled surge we saw in valuations. This is what we are seeing when it comes to s p futures, down about 1 . Chicago nikkei futures also lower. Positive,ures in the still indicating a downside of about. 2 . Then stocks trading at lowest in about two weeks. Kiwi stocks, trading underway. After we heard a contraction when it comes to the Services Industry and a bit of a pullback when it comes to the aussie and kiwi dollars. Risk very tepid across the board. Lets turn to those fears of a second virus wave in beijing. China probing offic
With you great to see at least your picture here and hear your voice. I want to start with the markets in general and warren buffets comments his comments appeared to go against popular wisdom i think in how to manage investments he sold airlines low, didnt buy anything during the historic selloff i wonder what you think from a Research Perspective how investors playing at home should what they should take away from that after having one of the worst months ever in march april has ended with one of the strongest rallies in about 30 years across a number of benchmarks the s p 500, the nasdaq, and u. S. High grade. So i think that you should expect some consolidation this month. Now there is just so much liquidity in the system. We estimate the Central Bank Balance sheets will expand 17 this year. You dont bet against that we still think you should be, you know, constructive, but consolidation is in order. The markets responded the fastest, the virus and the economy last and the data pri
What some of the states are doing, they can open, but its very difficult some of the rules of some of the states are hard core when you look at them, you think ppp versus, geez, those are the rules . Took some ppp before were seeing it . I think its not going to be nearly as easy as people think i do wonder if our show were located in austin if we wouldnt be saying those crazy new yorkers, but we live here. We live in new jersey. I think that its going to be a little bit more difficult for a company to stay in business unless they have great Balance Sheets, and are able to ride the waves. Look at norwegian cruise its a city on a a foreignflagged city on the ocean. I see situations like that, im like be careful. Its not all roses when youre opening. Right additional headlines this morning about pending layoffs, reportedly pending layoffs for the airlines in october. Bankruptcy news, whether its hertz or a few other companies now. The markets looking past a lot of that. I think the marke