That it would be premature to speculate on that possibility. That seems to be one of the factors driving the market today. That theositive news market believes it is going to get on the vaccine. That is why we are seeing the s p up. 6 . We have the euro trading higher. The dollar continues to move lower. We will talk more about bonds as well. Is the bund overvalued . Lets get back to that subject of the coronavirus pandemic. Many European Countries continue to report a surge in cases. Is the Bloomberg Intelligence director of research. We are starting to see a pickup in a number of cases around europe. Has europe missed his opportunity to control the virus . Many people were lauding it for having been able to do so. You have seen rules loosened over the summer we have seen rules loosened over the summer and cases are climbing back. Surprised. Ot if the authorities in charge are when we loosened the restrictions, when bars and clubs opened with very likely people who cannot control thei
Is its been a broadening out. Now, the question is is there enough money to go around to buy 3m today and also buy lets just use lets just pick nvidia, okay and the answer is thats to be determined there is a lot of newer money coming into the market, we will be talking about splits later today and the nature of the alchemy of it all but the thing that im most excited about, david, is there are industrials doing better than expected we have to stay focused on that because when we think about 3m making a come back, think about where they were and that is the you know, that is the and theyre having some good numbers this morning, thats what stood out to me and it makes me think nat industrial leg must be included in any portfolio. Its only up 2 are you kidding me youre referencing yeah, thats the stock youre referencing 3m. We should just tell people theyre giving us Monthly Sales numbers, july was up i think 6 year over year, 2. 8 billion, organic local currency sales up 3 because dont
Arena, but it wont be putting its name on it. Why its trying to send a different message. And our original series, project home. As San Francisco struggles with one of the worst housing crises in the nation, developers are eyeing the western neighborhoods as the new frontier. Good evening, im veronica de la cruz. And im ken bastida. As Susie Steimle reports, some residents are putting up a fight. Reporter in the heart of San Franciscos sunset district, this old Apartment Building on irving street has become the latest flash point in the battle over housing. The new owner converted the first floor parking garage into five new units and is doubling the number of bedrooms on the other floors to make it 41. Were scared hell turn it into a motel. Reporter jim has lived on the block for 25 years. We feel like we have an absentee landlord running part of the neighborhood. Reporter larry and barbara are also long time residents. In those 40 bedrooms, there could be as many as 80 people. If eve
City. Power to the people reporter speaking your mind versus staying safe. Black lives matter reporter its a delic ampde decision they must weigh. Mace, tear gas. It doesnt do any good. You know, what we really need is reform. Reporter after police used chemicals to disperse crowds in at least four bay area cities. San jose, walnut creek, santa rosa and oakland, where jennifer lee was hit with a flash bang. The next day, it blistered over, you could see the sparks went off of my back. Reporter today the San Francisco council announced the right to demonstrate chemical agents that should not be used in war time, where its banned or on our own population. Reporter now the call to ban the use of tear gas gained traction when doctors began speaking out saying it using it on protesters during a pandemic could enduce coughing and relisa new wave of covid19. If you want to go ahead and ban it, that is fine. Let it be known, we didnt use any of it in San Francisco. Reporter tracy mccray said t
After jay powell made down beat comments about the economy just as coronavirus cases were spiking in the south and the west today the fed chief once again made it clear that the economy remains weak and were seeing more gigantic coronavirus spikes in the south and west this time the dow surged 527 points as it jumped 1. 90 , nasdaq pole vaulted 1. 57 . How is this possible how is it possible goes down gigantically, same thing, next time goes up two key differences. First the fed is planning to buy individual Corporate Bonds to ensure Companies Stay afloat if we had survival of the f fittest, powell is doing everything to limit carnage, survival of everybody. Second, we had the biggest sales gain in history up 17 in may. That sounds very vish we have a super accommodating fed at the same time were Getting Better data which means the recovery has staying power and almost broke oil company or restaurant chain wants to issue bonds, the fed would probably buy them i know there are a lot of