Continues to rise significantly in terms of the virus and we talked a lot and well hear from meg again and meg has been following it so closely for us and the market only seems to go up as the cases go up. That is leaving some people scratching their heads and others view it as were going to get to the other side and a view of what the economy will look like and then you come back to the fed, carl, which seems to be the fuel that everybody sort of points to as the key fuel, i should say, for this market. Yeah. Morgan, lots of notes over the long weekend and we hope everybody did have a great, long weekend. More debt and liquidity and asset reflation. That was literally the title of the jpmorgan note on friday. Yeah, for all those folks that were basically still stuck at home or not traveling and getting on airplanes, lots to digest in terms of market commentary over the weekend. I would add to the fed, i would add the expectations that do seem to be baked in around what phase four fisc
Thank you. Thank you, katie, we are very proud of our partnership with the Fourth Amendment institute of columbia. Foundation, and now have other supporters as well. I want to pick up, right with the notion of these marketplace ideas. I think thats what a lot of people think the internet was going to be. Some people really believe that it has carried, do you believe that social media are performing effectively, as the marketplace of ideas that we all drink about . Stanford, i really dont, all i do is write about how it isnt, and it is a cesspool. You know i sort of you what your answer would be you set me up for that. It is complicated, because it is not completely a cesspool, it is just the way it evolved. You brought up the idea of Public Square. Everybody thinks of these companies, that twitter is a Public Square, or facebook, or read it, or any of these sites. The fact of the matter is most of them are private squares, owned and it to the benefit of billionaires. So, it is not a Pu
Thank you. Thank you, katie, we are very proud of our partnership with the Fourth Amendment institute of columbia. Foundation, and now have other supporters as well. I want to pick up, right with the notion of these marketplace ideas. I think thats what a lot of people think the internet was going to be. Some people really believe that it has carried, do you believe that social media are performing effectively, as the marketplace of ideas that we all drink about . Stanford, i really dont, all i do is write about how it isnt, and it is a cesspool. You know i sort of you what your answer would be you set me up for that. It is complicated, because it is not completely a cesspool, it is just the way it evolved. You brought up the idea of Public Square. Everybody thinks of these companies, that twitter is a Public Square, or facebook, or read it, or any of these sites. The fact of the matter is most of them are private squares, owned and it to the benefit of billionaires. So, it is not a Pu
Takeover. You will get a good idea of on the session. The latest on the debate and a third time unlucky as msci snubs hina shares. Clinton leaving trump in the latest bloomberg poll. Lets begin with the fed. Theres zero perfect unlike liehood of a fed increase today. Lets go to carl. He is chief bloomberg economist. What are we expecting this afternoon . If we can mix british politics and fed policy together, we can invoke the quotation from margaret thatcher, the lady is not returning. It will apply to Janet Yellens approach in the press Conference Today as well. Shes going to play a cool hand. She wont specifically cite him but it could come up in the press conference, particularly during the q a. The fed is very much aware of international risks and how this is playing into their policy strategy. However, i would say more important is the much more important is the domestic outlook. So she will not be returning because shes going to be somewhat dismissive of the wobble in the labor
To that vote. They have turn into small losses for the industrials. Down ten points. Nasdaq holding ton a very slim gain of about 4 at 4847 and the nasdaq is higher by 1. 6 . Lets kick it off with the first of those bs and that is the brexit vote countdown. We are just 12 hours, 59 minutes, 11 seconds away from the vote opening up in the uk. The polls do seem to show rather even split for stay or go. Perhaps the market and the wisdom of crowds is selling more of a stay story. The uk stock market having a great run lately. We pointed it out yesterday. Were up again today. Four days in a row of gains for the uk. The banks doing especially well. Barclays, for example, up 10 over the past week. Some of the other ones, lloyd banking group, prudential have also done very well. Lets look at the british pound. Its been on fire lately. In fact, a few days ago the pound had one of the best days in a decade. As you might imagine, were going to have lots more coverage of this brexit vote you might