With you. Really . The judge how are you . Are you said what have you got . Do you have like chambers there or like, what are you equipped to do if push comes to shove today. You have what do you have at home what have you got. And report on what we report on. Am i the only one. I filled in i filled in recently for a full week and they didnt play the theme music a single time. Hopefully they can make up for it today we didnt hear about it we started having fun. We nip that in the bud pretty quickly. Oh, this is you. Im sorry this is you. So you got that going. Im glad i got up this morning. Lets take a look at equity futures. We try to get a new record on the s p 500. Well see what we can get over the top there. Treasury yields on the rise as of late. 25 last week alone. Theres the ten year not doing too much not all that long ago. We have seen rates starting there and stocks have been on the move well see that new record on the s p this morning. The amount of money were sprinting, i d
Implications for Monetary Policy but the implications for fiscal policy. Moree longer we wait, the institutional damage. Michael collins joining us. I think that was the first question everyone asked when this job support dropped, what do these numbers mean for the talks in d. C. . Michael i dont think these numbers have any impact. They are backward looking to a large extent. The survey period ended weeks ago. The is important is trajectory of job growth over the next couple quarters. Personally, it will be really sluggish. We have had a big rebound, a and part of that rebound is over, and it will be really tough. You have the expiration of some of these programs like ppp, unemployment benefits, and that is going to weigh on income and spending. Until theyy not act have a gun to their head. Are doing well, ostensibly, the markets are improving, they are dragging their feet. Negativewill take more data for them to act in unison. Jonathan in this market, it is not pushing anyone around.
Technology back to the 19th century, yesterday was a bellwether announcement. Applean the idea that made 26 billion worth of iphones and a shutdown is unbelievable. Tom that is a granularity job lisa job. Something on instagram, researches it on google, and buys the iphone. Jonathan you are describing yourself and projecting onto lisa what you are doing. Lisa [laughter] jonathan it will be about the nasdaq and big tech. Rumor, and it is not just us, it is our kids at home. We are trying to give them a screen and throw out parenting guidelines. As we look to washington, d. C. For guidance, there is none. Jobless benefits will expire without benefits past at the end of the day. U. S. Personal income and spending down over the month of june, but it will give us a sense of how much did ulster the saving and spending capabilities of americans bolster the saving and spending capabilities of americans. The university of Michigan Consumer sentiment speaking about a rollover. Jonathan keep your
Right now on kpix 5 and streaming on cbsn bay area, we are looking live from our camera on top of the kpix 5 studios. Looking out at the bay bridge. This friday morning. Good morning everyone, we made it to the end of the week and end of the month. Its july 31st. Im michelle griego. A double celebration, good morning, im len kiese. Lets get to the forecast first with mary lee. As we look ahead to the weekend. Good morning, mary. Happy friday to you len and michelle. July just went by like that. All right. Well, we are looking at temperatures very similar toiled. Seasonal for this time of year but were going to warm things up looking ahead to our weekend. Heres a live look with the Treasure Island camera. Another gray start to the day. Low clouds and areas of fog and temperatures are in the mid to upper 50s to low 60s at this hour. And as we head through the afternoon, looking at daytime highs in the mid 60s in San Francisco and low 70s in oakland and low 80s in san jose and about 90 de
Its the seventh consecutive day with more than 200 infections. Across the country, the total number of infections has topped 40,000. The Prime Minister said in a meeting that the situationon ha been seesawing for the past several days. Abe shinzo said the number o of seriously ill patients is hovering at around 80 nationally. The government plans to convene an expert panel in the coming days to come up with further antivirus measures. It comes as the clock ticks down to the Summer Vacation period that starts next week. Normally, thats the time when many people return to their hometowns, but this time, tokyos governor is calling on residents to stay home as much as possible. Nhk world spoke to one of the experts on the Central Governments coronavirus subcommittee about the recent developments. Reporter as president of the Japanese Association for infectiousus diseases, t Tateda Kazuhiro has been on the frontline since the outbreak began. He says japan is in the middle of a second wave,