And, you know, what is an Emergency Relief Fund there if you are not going to use it during all of this going on . Is there any idea how this could impact employees severance and healthcare . Especially during this trying time . Well, elizabeth, what the bridge district has told us so far as they anticipate if there has to be a layoff, that employees would get four months of paid medical for themselves and their families and they would either get four weeks at their full salary or a 600 stipend over 10 weeks. We just spoke once again to the union. We will hear more for them tonight at 7 00. They say they were not anticipating any of these options. Almost all bay area transit agencies are reducing rounds and looking at budget cuts. But, some good news for caltrain with the passing of measure rr, voters last week approved a sales tax increase in three counties. That will raise at least 108 million over the next 30 years. President elect, joe biden, is taking a big step toward his white h
Ecommerce the big baba breakout. We start off with the end of an era. Exxonmobil getting booted from the dow after nearly 100 years in the index exxons tenure as the longest serving dow component comes to an end on monday when salesforce takes its place. Exxons removal from the dow is nothing less than a remarkable sign of the times. Just seven yearsago it was the largest publicly traded company in the United States since then, shares have been on a steady decline exxon is down more than 40 in 2020, on pace for its worst year ever so is exxons removal from the dow a sign that big oil is dead money . Guy adami . I think so. Its something weve been saying for a while. I think they finally came to the realization that the worlds changed. Energy is not nearly as on the to the u. S. Economy as it was a decade or so ago i guess we have to make a choice between chevron and exxon. For whatever reason, im sure they obviously have their reasons, they picked exxon to remove i think exxons been in
Specifically d. C. , i grew up here. My grandparents with her first immigrated High School Class so it is very personal. You keep seeing these shootings, and indifference to black life. I think now we are dealing with 400 years of tragedy and i think a combination of factors that come together they are not going to allow us to ignore. When you look back at the video, the difficult video to watch of george floyd under arrest, the Police Officer with his knee on the neck of george floyd for eight or nine minutes, the reaction of the people in the crowd, obviously theres filming going on. Does it surprise you these tactics still exist in American Police forces, given the presence of not just social media but media in general, given the presence of changes of leadership and Police Including minneapolis, promises to change Police Practice . It does. Inherently, it surprises me but given what we continue to see, it doesnt. You would think withyok camera, but the abundance of social media and
Dismal jobs reports. Unemployment to soar to 20 . They broke the streak this as things actually calm down on the protest front. Walk us through the ups and downs. It was a volatile day. As to the move down breaking that fourday winning streak for nasdaq. Nd florida coronavirus numbers came out and higher than the sevenday average and the s p never recovering. Teches have it worse. Nasdaq 100 yesterday had flirted with a recordclosing high. Today, nasdaq had been above that level but not able to close so close. Stay at home weakness and the bioteches and seeing that rotation in the cyclicals. The big question is because these stocks are weighting for the averages, is there more pain especially after a big runup and stocks shouldnt be so high . Overextended conditions, quite frankly. Emily there is uncertainty and there are results withdrawing and slack is a company that we considered a pandemic winner because so many people are slacking as they work from home. And going public and spiki