Consumer sentiment levels rising slightly there are some signs momentum is faltering. Corporate america making big layoffs. Underlying the wall street main street divide. 59 minutes left in the trading week s p 500 set for its sixth Straight Record closing high 7th day in a row of gains and 5th week in a row of gains coming up in a few minutes. Were going to speak with James Bullard about this weeks major fed policy shift the strength of this recovery, washington stimulus stalemate and much more. A bold call on energy, we will speak with a strategist who says now is the time to buy the sector continues to lag far behind the Broader Market, despite todays pop. Lets get straight to this resilient market, the s p 500 looking to close out its 7th straight day of gains, the dow turning positive for the year. Mike san tolly tracking all that action resilient, relentless, persistent, this uptrend, the s p 500 clicks the 3500. So essentially bumping up against that thats your High Water Mark i
Stuff. And it wasnt just americans who were in the situation but so too were our trading partners around the world. They didnt have enough income to buy all the commodities we were producing in our fields and all the wonderful things our factories were making. So by the end of the 1920s the American Economy went bust. You all know the stock market crashed in 1929 and the World Economy went bust as well, a worldwide economic depression set in that lasted between 1929 and wasnt officially over until 1942. What was called the Great Depression could be considered a crisis of abundance. It brought attention to purchasing power and in doing so it ended up politicizing consumption. We talked a lot about how consumer culture rose to be at the very center of american culture. And i keep telling you we need to consider politics, and today is the day we will think about how consumption became plit politicized. So heres a graphic that typifies the usual story that historians tell about the Great D
It is almost jarring. Back monday. Alongside lisa abramowicz, im jonathan ferro. Tom actually dropped me a message this morning at about 4 00 a. M. , looking at the price action and this rotation we have seen. I think its got everyones attention. Weve had a fake after head fake. Is it real this time around . Lisa every investor we speak to says buy any dip. Buy the big tex stocks on any dip whatsoever the big tech stocks on any dip whatsoever. Now people are going back into them. You have to wonder what it would take to make people truly believe in the cyclical story. It has to come from the data. Data just isnt there. Jonathan i think you have to get a lift in treasury yields. That takes Economic Data and real improvement. That is where thanks stalled in early june. Lisa i will also say the reason why tom keene was messaging you at 4 00 a. M. Is because he doesnt want to actually move up on floor. If i had to move, i would also be procrastinating. Jonathan are you joking about this .
One of the first people i met into our planning and congressman style not only did you take speaker ryans place but a former paul ryans staffer i think there is a closer fiscalke hawk then probably doctor tom to inspire the effort in your former boss and predecessor. So we are curious to hear your unique perspective as millennial legislators indicating Small Business person South Carolina and similar business background. We would really like to evolve into a discussion molly have you online because you have so much in common with the members of this commission. Thank you for havingh us. This is an issue dear to my heart literally the number one issue i ran on. We have been out of control for decades when i first came to congress that was one of the most pressing issues and in the first year we spent one. 4 trillion more than we brought in revenue at 25 trillion in debt nine on the Financial Services committee but i was talking about this left and right but in 2025 we would spend more m
Good morning, everyone. Welcome to the june 15th, 2020, meeting of the rules committee. I am supervisor hillary ronen, chair of the committee. With me on the Video Conference is rules Committee Vice chair supervisor Catherine Stefani and rules Committee Member supervisor gordon mar. Our clerk today is victor young. And id like to thank sfgov tv for staffing this meeting. Mr. Clerk, do you have any announcements . Clerk yes. My apologies. Due to the covid19 health emergency, and to protect board members, City Employees and the public, the board of supervisors legislative chamber and Committee Room are closed. However, members will be participating in the meeting remotely. This precaution is taken pursuant to the statewide stayathome order and all local, state, federal and declaration directives. Committee meetings will attend the meeting through Video Conference and participate in the meeting to the same extent as if they were physically present. Public comment will be available on each