Asks of you, as well, to accept short term pain for long term good, the difficult trade off for the genuine solution. And i know that after all that you have been through, that is a really big ask and really difficult to hear. That is not the position we should be in. Its not the position i want to be in, but we have to end the politics of the easy answer that solves nothing. Lets speak to our political correspondent, nick eardley, at westminster. What big asks is he talking about . That is the million question, and i think what was pretty clear from keir starmer is that the next few months are not going to be that much fun actually when it comes to government announcements. The most striking bit for me was when he said the budget is coming in october and it will be painful, those with the broadest shoulders will face the heaviest burden. Absolutely clear there will be some really unpopular announcements in that budget, perhaps around attacks, perhaps focus more on people with higher i
We have the travel and leisure stocks popping sharply higher. On the other hand, the stayathome trade, the zooms and the pelotons are down. Interesting to see how much of our behavior trickles forward into the future. Right now those stocks are being sold off. The one piece not quite fitting into the puzzle, bonds just about flat. Bonds not selling off. That may stick to the more difficult months ahead as the vaccine is raging here in the u. S. The virus is raging here in the u. S. Ahead of the vaccine getting out there. Bonds more nearterm looking at the reality. Stocks more optimistic, doing with the s p 500 does. Later alix david would be speaking with dr. Celine gounder. Paulsontime ago, henry appeared at the Bloomberg New economy for them and set a comprehensive new approach to u. S. Relations with china. We welcome him back to balance of power. Lets spend just a minute on the new Economy Forum. We are about to Revenue Administration in the white house. We will hear from the presi
To fight covid so we can open our businesses safely resume our lives and put this pandemic behind us biden and Vice President elect Kamala Harris met virtually with ceos and president s of Top Companies like gm microsoft target and various labor unions biden said those Business Leaders agree we need a National Covid strategy to help the economy recover biden and harris also laid out the incoming administrations broader Economic Strategy were going to buy american. No government contract will be given to companies that dont make their products here in america bidens plans include raising the federal minimum wage to 15 an hour and creating jobs by investing in Clean Energy Infrastructure and high Speed Broadband access. The Biden Administration also wants to invest in historically black colleges and universities and communities of color hit especially hard by the pandemic now is when the real work begins. The necessary work. The good work. Of getting this virus under control biden said o
Over the last a couple of days and its going to pushing a cold front through the entire bay area so chilly temperatures rainy conditions were going to see a lot of cloud cover around the bay area. And were also going to see a very high winds ill talk more about that in time the storm system out and just a couple of minutes for now, lets head over to the Traffic Center and say good morning robin good morning to you as well and im reminding folks to not forget to slow it down and the rain why do i say that because people drive way too fast when its raining i want to keep nagging you throughouu the commute. Were checking in on the traffic here on a team to San Francisco looking good so far nice and smooth at the pay gates, no problems on the upper deck so come on and were at 8 minutes to fremont street. Taking you out to brentwood. We do have a major accident working here on highway 4 near balfour its actually closed in both directions. Its an accident involving an suv and a big rig, so t
Axne in iowa. The latest poll average from real clear politics show missed bidenden show mr. With a slight lead. Good afternoon. Please welcome cindy axne. [applause] very exciting to see everybody here. The does so much to help party. Thank you to all the volunteers today. To the great electives, and the candidates running. Dont we have a great ticket in iowa . We are just a little over two weeks out from the election. Last time when i was running, i thought it was the most important election of our lifetime. And it was. And in many ways, i still feel that same way. Had you not helped me flip the house here right out of iowa, i do not know what we wouldve done if we did not have the Democratic House majority to stand up against this administration. [applause] so thank you for all that you do. We have been out in washington visiting our districts to make sure that we are ringing the voices of ioan to washington iowans to washington. Families that are doing all they possibly can to surv