Getting to know each one of them was the event is called a new generation of mayors and citys, we have mayors all in their first term in the case of mayor lincoln only four weeks on the job, mayors doing interesting things, interesting ideas about the future, very challenging times, the pandemic, urban unrest and a bunch of other challenges that flow from those things. I want to dive right in and hear about what they are doing and what it means for Public Policy and the future of our cities, mayor of Miami Francis suarez was elected in 2013, first term mayors, district number 4, the first miami born mayor of the city. Look forward to hearing from you, Francis Suarez. David holt, mayor of Oklahoma City since 2013, the first native american mayor of Oklahoma City and one of the youngest mayors of the city with 500,000 residents that he served eight years in the senate in oklahoma. The newest member of the bench, Kevin Lincoln just assumed office which the Census Bureau calls the most div
Look at the really disinflationary dampening you are seeing in the bond market. I dont want to make a big deal about it, but yield gives way to lower yield. Im looking at fiveyear, fiveyear breakevens, and there is a little bit of an ebb, an increase in the disinflationary tendency. That claimsort number at 8 30. Francine a really important one, and we have some great interviews coming up from the Bloomberg New Economy Forum focusing on health today. A conversation also with bill gates. Lets get to first word news in new york city with ritika gupta. Ritika joe biden warns that the delay in starting the president ial transition could set bet the effort to distribute the coronavirus vaccine. Could setback the effort to disturb the coronavirus fencing. Trump thent Trump Administration is being urged to begin working with biden. Wisconsin Election Officials have ordered a partial vote recount that was requested by the top by the trump campaign. There will be recount in two heavily democrat
Level. Toestors downright giddy get clarity on a biden transition and a wave of news on the covid vaccine. There is ambiguity about the unequal economy. Rise, Consumer Sentiment falls. Sentiment points pretty positively, though. Joe yeah, i mean, ok, we didnt hit record highs on the s p 500, so the fed has to cut rates. But the big picture is, yes, clearly this is a market with a lot of exuberance. Small caps, this is a part of the market that really lagged for several months even after the recovery began in the spring. They have been on a tear lately. Searching past the old record. So many names even on a day like today. Pause for the speculative euphoria. Caroline you look at the industries that have been so beaten up. Energy suddenly in the last five days absolutely killing it, no other way to describe it. It has fallen hard and fast. When it moves higher like this, it is not the almighty pull like big check, but energy financially catching some sort of break. Isgoes to show this ro
Counties, including the purple counties here in the bay area in terms of restriction. And at some point throughout this week, hes mentioned those efforts going on in l. A. County. So, what exactly is being done there . Well, on top of ending Indoor Dining last week, the city of los angeles issued a modified stayathome order wednesday that echoed what the county issued on monday. That city order bans gatherings of people outside of immediate households with some exceptions such as religious service and protest. Governor gavin newsom hosted a Conference Call with members of various cabinets yesterday to work out a restriction and on that call representative with National Federation of independent businesses. He said they should expect that announcement within a day or two from the governor. So, some businesses working to adapt to changes since reinnei t reinterring the purple. One Business Owner we spoke with has kept his gym open after being ordered to close simply to make a stand. He s
But we will be told to proceed with caution and dow closing for the first time in history over 30,000 the question tonight, are we headed yes, thats right, are we heading higher and higher . There are positives. The president ial transition is under way. We have three coronavirus vaccines ready to rock so, is the next 10 move higher and higher or are we headed lower and lower . Well that song, thats a miserable song thats why we chose it. Please dont at me on twitter. In the list of bullish things we talk about, the peaceful transfer of power as being a bullish thing. You would think that would be a given. I find the market took that as a positive today fascinating. I will be the first to say in terms of the Broader Market, i have been dead wrong we have had individuals stocks we have done a good job with Broader Market not so much we are so over it in terms of valuation, euphoria, the things that can go right, not just the head winds out there despite it has bnsecause i been market we