And we got better than expected manufacturing data here in the u. S. , but the imf did lower its Global Growth forecast joining us for the hour is steve grasso from Stuart Frankel you know, we hit these highs earlier in the session didnt hold on to it for very long what do you make of todays action we didnt hear about impeachment. We didnt hear about china trade, really. We havent heard much about a lot of things, but we did hear mostly about were earnings so the market wants to get back to something that they can look at and say, its binary. Either services it was a win, it was a beat, they got it higher or lower and were going to run with the market there. Not enough to make new highs, but were on our way there with earnings, i would guess. It is interesting to look at companies fundamentals, actually push the trade headlines aside just a bit still hopeful, perhaps but let the day be run by earnings its true everybody has been run by macro lately so twothirds of all stocks trade with
Association is also about the rents that are constantly going up in San Francisco. And so i know there has been this idea that i think is pretty promising, we can expedite the condoizing of retail space. Meaning that if a Property Owner has a piece of building that actually has maybe housing on top, that he or she is able to actually sell the retail space. What do you think about that . Because its true, there is no rent control on retail spaces. In my district, im seeing a 10year lease with an option for another 10 years, theyre now doing it annually, by just an annual lease. The restaurants in my neighborhood are seeing a lot of increases. And three or four times the amount of rent. This is what happened to farmer brown. So condoizing just the retail space and the empty store fronts, they can just sell the retail space. What are your thoughts about this . Well, Planning Department doesnt really deal with the condoization of spaces, but if its instability in the Restaurant Industry, t
Highprofile alumni who continue to shape the Business Community including Morgan Stanley chairman and ceo james gorman. Im very surprised at where rates are. Id expect by the end of the year, the 10 year would be 3 . I was dead wrong. Jason we will hear more from james gorman in other chats and many topics are also covered in this weeks issue. Carol that included a top story, the u. S. China trade war. As goodwill lifted financial markets, financial editor peter coy warns of consequences. Peter in a way, it is as if the u. S. And china seem intent on dividing the world into two separate spheres, which is really globalization in reverse, and to use a more recent analogy, it is more like the period after world war ii and the cold war when there was a soviet bloc and the western countries. And not doing very much commerce with each other. Very separate, and that was not good for prosperity for anyone, and risk is we will go that way now. Carol we have smart conversations at the Columbia B
That awaits. Executives andv. Executives and v. C. s will meet to discuss whether the system for ipos is working. Could there be an easier solution . But first, to our top story. Facebook Ceo Mark Zuckerberg is willing to take on the government if Elizabeth Warren wins the presidency. About a july verge meeting with employees. Toif Elizabeth Warren wants break up the company, i expect we will win the legal challenge, does that suck for us . Yes, i do not want the have a major lawsuit against our own government. That is not the position you want to be in. We care about our country and went to work with our government and do good things, but at the end of the day, if someone is going to try to threaten Something Like that, you go to the mat and fight. Taylor zuckerberg also spoke on other topics, including their cryptocurrency, libra, and the competition with the chinese social app tiktok. And there is a lobbying group that represents Big Tech Companies like facebook and google, a guest,
Inquiry into president trump, which increases Political Risk in the worlds biggest economy. Europe is down, asian stocks down. Oil prices falling too. And do you need an extra body boost during or post workout . Nutrition supplements are becoming main stream. Well speak to one former england cricketer about how hes cashing in. Could taxing frequent flyers more be a way to tackle aviation emissions . Thats on proposal being put forward. The uk government is looking at it. Will it work . Will we just get used to it . Or, will it cause us to fly less . Let us know just use the hashtag bbcbizlive. Hello and welcome to business live. Welcome to the programme. We start in the uk, where politicians will, in just a few hours from now, head back to parliament. Its after yesterdays historic ruling by the Supreme Court that Prime Minister Boris Johnsons move to prorogue or suspend parliament was unlawful. Mrjohnson is now facing calls to resign. So what happens next . On 17th and 18th october, th