Enforce many. But also, we have, and ive mentioned this, and in prior public comments. We have conditioned 2. 5 billion in our state budget on applying the spirit and the letter of the law as it relates to Health Directives at the county level. If local officials are unwilling to enforce and are being dismissive of those orders, we will condition it. The governor held the briefing in pittsburgh. It is being used in project room key which supports people during the paem. More than 14,000 people have been placed in hotel rooms across the state. We can get people off the streets, out of encampments, out of homeless shelters, out of their cashes, win baggos or maybe their neighbors couch. We can give them a key and a lock in a place to call home and begin to support them and their opportunity to transfer back with more independence by providing support services. The state budget that was signed yesterday provides money for cities and counties to fully acquire rooms to house the homeless an
Is scheduled for next week. Good morning, everyone. This is bloomberg surveillance. Good afternoon, good evening depending on where you are watching the world. Gdp is a good sign of things to come. It is a little bit backward looking, which is why we tend to look at other indicators. Certainly when you look at eurodollar, it is probably moving on the back of it. German economy shrinking some 2. 2 in the First Quarter. Now to your bigger asset classes. European stocks are actually jumping. U. S. Equity futures pretty much unchanged. The one thing that we need to watch out for is basically the second wave of infections, but also the simmering tension between america and china. Oil climbed, treasuries edging higher lets get to the bloomberg first word news in new there is in the u. S. , no guidance from the centers for Disease Control and prevention on how to reopen bars, restaurants, and workplaces. It includes social distancing, limiting group sizes, and encouraging drivethrough and del
Yearoveryear, and that is demonstrating that both on the revenue side and on the expense side, the impact of the restructuring is making itself felt. Iose would be the things would focus on. The overall performance, obviously, is weighed on by the cru and the losses in the cru, but even there, we are progressing basically in line with our plans both for deleveraging and cost reduction. We also had earnings news out from daimler as well as volkswagen, and youve got some earnings lines coming in from barclays. Anna absolutely. We continue with the banking theme. We have Net Operating Income coming in at 4. 70 one billion pounds, a touch below the 4. 60 one billion that had been penciled in by analysts. Theres been a lot changing, of course, since the month of march, especially the volatility, as we know. Interesting to look at what has happened in the Investment Banking part of the business as well. 3. 62 billion dollars, well ahead of the estimates for that particular part of the busine
Knows why they were targeted. This is the view customers out of waiting for their boba tea drinks outside seven leaves cafi in san jose. Shattered windows everywhere and a Glass Company on hand to repair them. No window was spared. It was actually kind of heartbreaking because we are just trying to operate like a normal daytoday business and this just creates concerns for our employees. Reporter the owner alerted around 5 50 wednesday morning. Close by someone also smashed the windows. Broken glass everywhere. I mean there is a total of probably i have six windows right now that are all broken. Reporter stanley is the owner of lee sandwiches. s family owns three other lee sandwiches. All were vandalized. At first he thought it was personal. Then after a while i found out he was hitting other stories and restaurants as well. So you know, it is scary in the beginning, but now im trying to figure out why he was going around doing this. Reporter in total, seven asian owned businesses targe
Things where its always on the horizon, were about to do it. I think they will do it. That will take a huge uncertainty out of the way, usmca, nafta 2, getting that out of the way. The other thing to avoid is a trade war with europe over auto parts and imports. With all the optimism, bank of america said 68 of managerses think the markets going to be good. Thats usually a bearish sign. Lauren i know. When everyone starts saying things are so good, mitch, you study this, you know the stock market, does that mean you should go in the other direction. Not necessarily. Think about what happened last year. We were worried about the fed raising rates. This year the fed lowered rates three times. The markets are sending them a message, saying we like lower rates. I think fed talk will be the thing to look at. I would look at corporate earnings next year. Baked into the market this year is the fact that next year will be a good year for earnings. Last year was a meh year for earnings. Lauren i