Michele. This is one of the most difficult things to accept, that this market does not have to reflect what is going on in this economy. Can you speak to that . Bob i can speak to that because im in the bond market and it is reflecting perfectly what is going on. We just printed 33 gdp. There is a giant hole that we think will take 10 years to fill the output gap that has been created. The fed is telling us for a long period of time they will keep rates at zero because they have to bring the cost of funding down across the system so that any kind of recovery takes hold. Slowly, Bond Investors are recognizing that, and that has emboldened them to move further up the curve both in terms of duration and lower in credit quality. Jonathan we have had conversations about market distortions. The equity market, Big Tech Companies dominating the benchmarks in the u. S. What is the cleanest trade in fixed income to play an economy that would take 10 years to fully recover . Bob there are two cle
Congressman John Robert Lewis at the age of 80. He passed from pancreatic cancer. Long receipt man lewis helped organize the 1963 march on washington and the 1965 Voting Rights match in selma, alabama. He was six main organizers including Martin Luther king junior of the washington march where he gave a speech at the lincoln memorial. Congressman louis often spoke of the importance of getting into good trouble. He represented georgia in the house of representatives from 1987 until his passing. Johnathan capeheart asked representative lewis what he would say to people who feel as though they have already been giving it their all but nothing changes. Lewis answered, you must be able and prepared to give until you cannot give anymore. We must use our time and space on this planet we call earth, to leave it better than we found it and now that need is greater than ever before. He will truly be missed. The San Francisco Unified School District is offering support to teach students from dist
Good evening, im julie haener. And im frank somerville. Food banks have been stretched thin and mid the pandemic. Someone sabotaged five delivery trucks, delaying yesterdays shipments. New at 10 00, ktvus amber lee in san rafael with the impact. Reporter the food bank says four of these trucks were damaged, along with one rental. Police told me they are following a strong lead and they are confident they will catch the person is danceable. Five delivery trucks used by the San Francisco Marin Food Bank are out of commission after someone poured an acid like detergent into their gas tanks. The vandalism was discovered monday morning. Roger crago, a deacon with st. Andrews Presbyterian Church in marin city tells me the sabotaged caused a minor delay in delivery to its food pantry during its weekly monday food giveaway. 25 to 30 more hungry people are coming to is now the pandemic has hit than once before. It is even more important we get this food our clients. The food bank was able to qu
This Church Steeple toppling over. Oh, my god. And power lines sparking an explosion with our reporter on the scene. The latest this morning. Battle over back to school. The video of a Georgia High School with packed hallways, some kids Wearing Masks, some not, drawing outrage from parents. In tennessee, multiple High School Football players testing positive. Mississippi now mandating face coverings for all students and teachers and a look this morning as australia imposes one of the strictest lockdowns on earth as a major city there faces a second wave. What it could mean for a second wave here in the u. S. Stars standing with ellen. Celebrity friends now coming to the defense of an embattled talk show host. This after those blockbuster allegations of a toxic Workplace Environment from staff. Crying foul. The wife of nfl star Matthew Stafford after her husbands false positive covid test. Why her family was harassed, she calls the last few days a nightmare. And a very special tell t. J
Glee say goodbye on the day the actress body is found in a california lake. How rescuers say she may have saved her little boy before she drowned. And flight risk. Hear new Details Behind the arrest of Jeffrey Epsteins associate Ghislaine Maxwell. Why Bank Accounts and passports are evidence she could try to flee. First, todays eye opener. Its your world in 90 seconds. If the basics are not followed, there is only one way this pandemic is going to go. Its going to get worse, and worse, and worse. The resurgence of the coronavirus has forced california back into lockdown. Every county in the state of california. It is truly historic. We havent even begun to see the end of it yet. President trump is downplaying tensions with dr. Anthony fauci. I have a very Good Relationship with dr. Fauci. I find him to be a very nice person. I dont always agree with him. Officials confirmed the body of hollywood actress naya rivera was found in a Southern California lake. She mustered enough energy to