Well have a live report on that. President obama says Americans Care more about cheap gas than they do from the environment. Well hear from steve moore, whether this was a cheap shot. All that and a lot more on making money. Stay tuned. David its a huge market day. Nasdaq hitting alltime highs once again today after surging more than 10 last month. Vaccine hopes stronger than expected Economic Data and rumblings on capitol hill of a bipartisan covid relief bill are boosting market optimism. Joining me two markets experts to break it all down for us. Bellpointe chief strategist, david nelson. Great to see david again. And nicole webb. Let me start with the big picture. We didnt mention the fed announced, frankly nothing moves market more than free money. They said essentially there will be a lot more free money as long as they dont see any signs of inflation, the money printing will go on ad infinitum to pay all the bills but we still have a fear in the market of a more antibusiness, at
We he as we talk about companies that should be on your radar. Next week is monster reporting hi, carter, who is charting the action it was a big week for rates and areas of the market benefit from that. Most notably banks and other financials, but lets look at a handful of charts. The first i have is the tenyear yield chart. What you see is that for the first time in almost two years the moving average is flat and on the cusp of turning up. The point of a moving average, when you break above a trend or you can measure it and the automated average is a trend line, the trend is measured by the Inflection Point we have that by all accounts in tenyear yields. And the second chart is the same circumstance the moving average has been declining for sometime and is now declining and deflecting upward next, same circumstance. Do all turns persist could these faith and turn back . Sure. Most had earnings last week and didnt do that well, but the rate move has helped this area we think rates go
To see a two year yield come in and a 10 year bond coming in with a vengeance. Coming in is that signal slowdown, massive curve flattening. Jonathan 10year yield breaking down. We are down eight points on the s p 500. Lisa, phase one was about access to capital and drawing down credit lines. Phase two is about the permanent decisions, cuts and layoffs. That is what has been building this week. Lisa we have seen those cuts and layoffs likely to be ongoing with a number of cfos studies pointing at Bigger Companies looking to shrink their workforce further through the end of the year. The thing im watching is how much can we plug the gap, the deficit of production with regards to fiscal stimulus . As we wait for that, we will be waiting for the data coming out today. We get the u. S. June Producer Price index, measure of inflation. 1 00 p. M. , this will be interesting in light of the fact that you seek shale producers bringing rigs back online due to higher oil prices. Later today, Presi
Commissioner presken, presken present. Commissioner ronen. Ronen absent. Commissioner safai. Present. Commissioner stefani. Present. Commissioner walton. Walton present. We have a quorum. R. Mandelman i received a requestel from supervisor roneno be excused. And im going to do that and i believe you have a Public Comment announcement. For members of the public interested in participating in thisar meeting we welcome your attendance here inperson in room 250 city hall or you may watch cable channel 26 or 99 or stream live at wat sfgovtv. Org. To make comment remotely, dial number and enter the code and press pound and pound again. You will be able is to whrissen to the meeting in realtime. When Public Comment is called for item you wish to speak on, press 3 to be addedded to queue to speak. Do not press 3 again or you will be removed from the queue. The live operator will advise that you have two minutes to speak. When your two minutes are up well move on to the next caller. Calls are t
City and county of San Francisco government audit and Oversight Committee meeting this morning at 10 00 am. , thursday, may 16, city and county of San Francisco government audit and Oversight Committee meeting this morning at 10 00 am. , thursday, may 16, 2024. gavel good morning. Id like to call the meeting to order. County of San Francisco government audit and Oversight Committee meeting this morning at 10 00 am. , thursday, may 16, 2024. Im combhergd joined by supervisor stefani and commissioner chan and we want to thank sfgovtv for staffing this meeting. Madam clerk, any announcements. Public comment will be taken when the item 6 interest comes up and please line up to speak on the right and submit comments in the writing email to the Government Audit Oversight Committee to the clerk at sfgov. Org and if my email will be forwarded to the board of supervisors or sent your condominiums to dr. Carlton room if you have any documents please submit them before the end of the meeting and