Reaffirmation on the American Labor economy in this hour, claims, and all of the various numbers that come out with it. Forget about the markets. Forget about the chancellor of the exchequer actually dealing with the United Kingdom labor market. It is a question of millions out of jobs. Jonathan permanent job losses as well, and permanent shifts in the economy. Thats got to be my big take away, government confronting the idea that perhaps we are seeing permanent shifts in the economy, and they need to allow that creative destruction, the powerful transformation of capitalism to take hold and maybe step back a little bit more. Ive got to say, some people will push back aggressively against that and say this is a pandemic, it will pass, and perhaps we will get some return to normality. That will be a debate for the several weeks, months, and hopefully not the next several years. Tom david kostintom will join us from Goldman Sachs with an important discussion on the equity markets. Future
Each year the 1st monday in september is labor day in the usa it is in canada too they just spell it differently its a celebration of the Labor Movement and its the unofficial end of summer and for many laborers automation and technology could spell the end of the line which jobs are robots taking over and which jobs will be safe lets ask our t. Boom bust host christy i and kristie ive read that in 1950 elevator operator was among 270 careers listed in the u. S. Census back to the future a recent Postal Service controversy involves. Taking sorting machines offline and these behemoths could move the mail much faster than human beings could and automation is replacing or accompanying workers in detroit and all sorts of Assembly Lines elsewhere kristie what sorts of Assembly Work is unlikely or impossible to be automated. Well as you know a lot of some of the work and manufacturing work is being heavily heavily automated nowadays but as a long must found out the hard way not everything ca
Discuss plus the Trump Administrations response. Markets in red, Goldman Sachs cutting from 6 to 3 . Dow industrials down 23, nasdaq down 53 and s p 500 lower by 4 and 3 quarters this coming after markets tumbled in the 11th hour of trading last night pushed down by technology, lockdown fears and uncertainty. Finishing at correction low with decline of 330 points. The dow industrials down 525 yesterday at 4 00 oclock on wall street. The race for a vaccine. Dr. Fauci says every american should have a dose by april 2021 but new concerns over a mutating viral strain. Gavin newsoms plan for golden state puts electric cars at the forefront and the state of happiness, find out which state is full of the countrys happiest people. Mornings with maria is live right now. European markets feeling the weight of stocks here at home. The ftse 100 down 30 points, cac quarante lower by 14 and dax down by 3. Red across the board in asia overnight as well. Take a look at indices in asia, fractional move
Heidel stre zb. Okay. This is the meeting of the San Francisco Port Commission on september 8, 2020. The meeting was called to order at 3 15. [roll call] clerk madam president , all members of the commission are present. Item number 2 is the pledge of allegiance. [pledge of allegiance] clerk clrk item number 3 is the approval of minutes for the august 25, 2020 special meeting. So moved. Second. President brandon all in favor, roll call vote. [roll call] president brandon motion passes unanimously. The motion of august 25, 2020 [inaudible]. Clerk item number 4 is announcements. Please be vised that a member of the public has up to three advised that a member of the public has up to three minutes to make pertinent Public Comments on each agenda item unless the Court Commission adopts a shorter period on any tight. Please note that during the Public Comment period, the moderator will instruct dialin participants to such a tonetone phone to register their desire for Public Comment. Audio p
One progress review should happen soon. More signs offers china strengthening rebound. Sales jumped by one third last quarter to 22 billion. The company insists it is no threat to u. S. National security. Lets take a look at how we are shaping up on this final friday session of the day. Lets get over to sophie he was taking a closer look. What are we watching . Vibes coming through with futures largely higher. We could see some weakness in korea following the drop that we saw for the kospi. On the docket today were looking at cpi from japan. Nikkei futures move slightly higher this morning, while the yen is trading below the 106 handle. Pulling up the chart on the terminal, we are watching to see if tech will bounce back in the region after thursdays selloff which saw the kospi with a big loss and the worst day for the regional tech index since march. Samsung took a hit on the south outlook for to prices. Prices. Outlook on chip potential hits on huawei and delayed 5g. That could hurt