Million. America saw 60,000 cases in a day for the first time. Hong kong and tokyo also reporting record tallies. Singapore heads to the polls for an election overshadowed by the pandemic. Disposable wear gloves and observe distancing roles at the ballot box. Lets get to Sophie Kamaruddin in hong kong for the latest. Sophie after u. S. Stocks closed in the red, we are setting up for a lackluster start to this friday morning. Futures are mixed. Kiwi stocks added. 4 so far this morning. S p eminis nudging slightly higher with rising virus infections in focus in the u. S. As well as in asia and on the ecoagenda today, we are watching out for japanese pbi ending acree output and the philippine trade plus chinese credit growth data for june could be released from today. Singapore offline for the elections to be held. Asian stocks could pare the weekly advance but still set for the best five day stretch given the chinese stock rally we saw this week. Flipping the board, china futures have se
Transmissible and weve heard dr felt she call it extremely efficient and they call covert 19 a novel virus because literally weve not experienced anything like it so at the outset Public Policy was better safe than sorry knowing what we now know was the shutdown to extreme our 1st guest thinks so and if you listen to talk radio in the Dallas Fort Worth area his will be a familiar voice if youre in east texas you will recognize paul glazer from fox 51 and because paul owns radio stations he has been a ground 0 for this economic crash because when people stay home businesses close and they stop advertising so paul take me back to early march when the shutdown 1st hit everybody was told to stay home how suddenly and how severely was local commerce in texas whacked and how close did your business come to the edge of the cliff well to get from the media when we got the urge essentially was going to be. It had an Immediate Impact and a lot of advertiser say well if im going to be closed i ca
Outset Public Policy was better safe than sorry knowing what we now know was the shutdown to extreme our 1st guest thinks so and if you listen to talk radio in the Dallas Fort Worth area his will be a familiar voice if youre in east texas you will recognize paul glazer from fox 51 and because paul owns radio stations he has been a ground 0 for this economic crash because when people stay home businesses close and they stop advertising so paul take me back to early march when the shutdown 1st hit everybody was told to stay home how suddenly and how severely was local commerce in texas whacked and how close did your business come to the edge of the cliff. Well to begin from the top immediately when when we got the word essentially that april was going to be canceled. It had an Immediate Impact and a lot of advertiser say well if im going to be closed i cant spend money i cant advertise that which i cant deliver so we took over a raft of cancellations that all came in essentially on the s
Associated with that multibillion Dollar Program and this geo specifically provides match and is part of that full funding plan. Capitalwise they will continue to be sustained by the citys proposition k sales tax. But we do, as tim noted, are continuing to have discussions with them longterm. Supervisor fewer okay . Thank you. Any other comments, questions, from my colleagues. Seeing none, could we have a b. L. A. Report . Yes, chair fewer, members of the committee, 4 and 5 i prove the issuance of 140 million in general Obligation Bonds for transportation improvement projects. We summarized the use of the bond funds on page 10 of our report and sort of the overall bond projects on page 11 of our report. Estimated debt service on the bond would be 9. 7 million per year as discussed. The impact on the property tax rate would be for property assessed at 600,000 would be 20 per year. This does fall within the citys capital debt limit and capital plan tax rate limit. We recommend amending t
Surge here. Well speak with the mayor in miami and about the spike with the virus. And an ammicable separation. Match group completing the spinoff. Parent company iac last week theyll discuss the strategy Going Forward and Online Dating during the pandemic. Lets focus on the big stories of bob pisani has the stories. Meg terrell has updates on the coronavirus and Brian Sullivan is covering Warren Buffetts new bet on the energy space. Bob, lets start with you and the markets. Yeah. The important thing about today is were up nicely but were up on lighter volume it is deteriorating a little bit from the earlier part of the day. Were once again falling back upon dependence on the mega cap tech names technology, computer services, Consumer Discretionary all of them tech oriented or continuing to lead the overall market Consumer Discretionary as i mentioned, banks still on the upside not as much as the overall Market Energy has fallen back that was an early leader i keep mentioning the mega