Progress can lead to outside of the agreement which looks in reach and i say i am somewhat optimistic that we are close to. An agreement between all the issues. To come to a resolution but we think will be satisfactory to all. The uns Refugee Agency says eritrean refugees in northern ethiopia have fled their camps because of the conflict in te gray there are more than 100000 living there and there are fears they have limited access to food if europeans army has been fighting Regional Forces in te gray now for about a month the coronavirus pandemic is continuing to stall the u. S. Economy is recovering it added just 245000. 00 jobs in november thats the slowest month of growth since may that followed it reporting its highest number of deaths in a single day as well as rising hospital admissions. British Prime Minister barak johnson says brecks at talks with the European Union have reached a difficult point says opposed to trade deal depends on the u. K. Committing to a level Playing Fie
All that and so much on making money. Charles obviously it was a tough week last week for the stock market but by the time the dust settled the year had become even more screwed as it was. Only 193 stocks in the s p were higher for the year. There were actually more losers on the nasdaq than there were more winners. I have no problem with the hit megagrowth stocks hit. Theyre still under pressure. I expect the trillion dollar stocks to be okay in the long run. But for the rest of the market, there were signs late friday that foreshadowed todays rebound. S p 500 held at a key support level. There was huge buying volume into the close on friday. The 10year yield marching higher. All the issues bothering the market are still unresolved and major indices must close higher to reverse the downtrend. In fact i think the s p 500 has to get above 3400 before you see buying go big time . Where does the market go from here, more importantly where should you be positioned . I want to ask Money Map
14156550001. And entering access code, 146 703 5243. When we reach your item and you would like this submit your public testimony, please press star and 3 to be added to the queue. Each speaker will be allowed up to three minutes to speak. When you have 30 seconds remaining, you will hear a chime indicating your time is almost up. When the time is reached, i will announce your time is up. Best practice to speak clearly and slowly, and please mute the volume on your television or computer. Before i take roll, i did have an announcement to the Historic Preservation commission. You may have heard that a the Planning Departments longtime probably longest Zoning Administrator passed away in september and so i would just request that the commission adjourn in his honor and eternal memory. So now i would like to take role. President hyland here. Vice president matsuda here. Commissioner black here. Commissioner foley here. Commissioner johns here. Commissioner pearlman here. Commissioner so h
Japans capital faces a state of emergency after reporting a record rise in corona virus cases for the 3rd day and how a ban crops levanon is struggling to keep its children from going hungry. Police in hong kong are demanding the arrests of 6 prodemocracy activists living in exile they include former british consulate workers simon chang he says he was tortured by chinese agents to give information about antigovernment protests also on the wanted list this prominent opposition figure nathan law if led to london in fear of persecution under the new National Security law imposed by china it sought to be the 1st time police have using new legislation to target activists outside of the territory they go palin is in hong kong she says beijing is cementing its position on the law. From the start china had asserted that hong kong unrest dissent was also a mentored from abroad it was jus to foreign interference so this is china underlining that fact the National Security law was they say was i
Emirates to take this step to become only the third arab state to do this. Effectively it smashes whatever unity was left in the arab world towards israel really is a huge, huge step. Having said that, however, there is no doubt that in one sense this only puts formality to a relationship which p pretty muc existed in any case, although nobody spoke openly about it. I think the key issues probably for the United Arab Emirates were iran, shared concern with israel, and also saudi arabia, of course, on the position of iran. The prospect that doing a deal with israel would open the doors to closer ties with the United States and in particular the supply of weaponry, sophisticated weaponry that it couldnt get its hands on so long as it didnt recognize israel, but also the question of the annexation. This was at the heart, i think, of the decision to go ahead with it. They were concerned, like with saudi arabia, that if annexation went ahead, it wouldnt just be the end of the possible twost