Today, without question, on washington. Jonathan absolutely, and the response from washington both inefficient and insufficient with the president and a series of executive orders painting the democrats into a corner. They dont want to be seen challenging this legally. They need to find a way to get back to the negotiating table fast. Tom the executive order and the news out of hong kong as well. He didnt have time to get to it with kevin cirilli, but we may have a Vice President ial candidate today . Jonathan it has to happen at some point this week and the readthrough for this market will be interesting. Many people think this will be the next candidate for the presidency because the former Vice President will be a oneterm president if he even wins in november. Everybody will start reading into the vp pick. Itching to sayre this man is a trojan horse for the radical left. The cbs poll shows things tightening up a little bit off of democratic enthusiasm. Paper, theitmus system of Fore
Cspan two. Isas Governor Greg Abbott urging local residents to get their flu shots early this year. He made this suggestion alongside Public Health officials at a Medical Center in dallas where he talked about precautions for slowing the spread of the virus. Want to thank everyone for being here in the medical school for hosting this event, for everything they are doing to help the people in this region as well as the entire state of texas, responding to all different kinds of medical challenges we are dealing with. In particular, what were focused on today. That is covid19 as the flu season that is coming up. As the flu season that is coming up. Just one of the topics we talked about before i do want to make a Compass Point regards to cover 19. People in the dallasfort worth area, one thing you have observed following the numbers is that covid19 numbers are improving in the sense that so many the point is the numbers of covid19 are going down from an elevated level. We are not at all
Michael mckee is here to help us break it down. Michael good news for those who hope the economy is recovering quickly. Atufacturing pmi comes in 54. 2, and the ism forecast of 53. 6. Take a look at the manufacturing new orders index, up to 61. 5 from 56. 4. At 62. 1,ction number from 57. 3. So a big increase in new orders and production that hopefully will keep the economy going. We heard Robert Kaplan this morning saying he thought things had turned around and slowed down. Manufacturers at least through part of july sam some good news part of july seeing some good news. The one thing we dont have is payroll friday, the ism employment number still comes in pretty weak. From 42. 1. If you incorporate that into your models, it might weaken a little bit what people are expecting for friday. Alix i am glad you said that because in europe, part of the conversation after the positive pmi was the employment and jobs picture doesnt look so good, but we are not quite there yet. I am wondering
Thing went to see as well as the flu season that is coming up. Just one of the topics we talked about before i do want to make a Compass Point regards to cover 19. People in the dallasfort worth area, one thing you have observed following the numbers is that covid19 numbers are improving in the sense that so many the point is the numbers of covid19 are going down from an elevated level. We are not at all anywhere close to being in a safe situation of covid19. People need to understand that just because covid19 numbers are improving in this region, that does not mean covid19 a sidedly left the dallasfort worth area, state of texas or the United States of america. It still exists it can still transmit at the same rate that has been able to in the past. What people in the dallasfort worth area need to know is the reason why covid19 and spreading less today than it was in the middle part of july or the latter part of june people have been far more responsible people have almost uniformly a
Those are leading the gains today and recovering at the peak now 35 or so40 , from those record highs. David now we have an announcement that the fed is including their money Market Facility to include muni debt. Taylor this is interesting. There was a lot of talk on there. The muni market in general is much more illiquid than the rest of the market. Not surprising to see that in a week like we just had, with stress showing up even more and more. Muni traders continue to say there are some shortterm issues , but theres a lot of issues going on on the long end. I believe in previous laws, the fed could buy these up to six months. This expands it to longer dated maturities. We are getting a lot of that illiquidity on the tens and on that yield curve. Also, they had record outflows, according to as of yesterday. I would imagine this gives a little bit of some confidence to some money market facilities to also include muni debt. David what about all this talk about bailouts . There are neg