Have been on fire and what exactly are the pricing in . Hopes of a vaccine, hopes of stimulus . How can that fed wire without some sort of his fiscal lifeline . The day was so bad it looked good because as many events started to set in that we see Congress Actually pushed through some sort of deal, so many angles to digest today, but what is clear is this rotation trade is on the front and center. Joe absolutely, everything is flying but was what has really been flying are these deep cyclical commodity linked equities that have been dormant for most of the year and they continue to have really strong weeks. Stocks, youenergy look at the end of november basically right ever since we got the vaccine news they have been shooting straight up and have had another strong week. If you look over all still down 31 on the year. Thatne a lot of those have been left for dead a few months ago are rallying hard on this day. Diamondback finished a day up about 13 , apache, you get the picture. There
Held in brooklyn, this is 45 minutes. Mayor de blasio all right. It is a very Beautiful Day today. It is a Beautiful Day for this city. This is a powerful day. Day 100 of the coronavirus thats, and it is the day we start to liberate ourselves from this disease. Beginsne of the restart in new york city. All new yorkers should be proud that you got us to this day. This was a lot of hard work. Everyone who stayed home, everybody who socially distanced and put on face coverings, you got us to this day, a date to celebrate hundreds of thousands of new yorkers. Just the beginning of the restart. Every single new yorker worked so hard to get us here. We have been the epicenter of this crisis. This is the place where it was going to be the hardest to make a comeback, yet new york city is so strong and resilient. We will always remember the heroes of this crisis. The first responders, health care heroes, everybody chipped in and the everyday people who made this possible. The most important thi
Mayor de blasio all right. It is a very Beautiful Day today. It is a Beautiful Day for this city. This is a powerful day. Day 100 of the coronavirus crisis, and it is the day that we start to liberate ourselves from this disease. The day we move forward with phase one of the restart, it against in new york city. Begins in new york city. All new yorkers should be proud that you got us to this day. This was a lot of hard work. Everyone who stayed home, everyone who socially distance and put on face coverings, you got us to this day, a date to celebrate hundreds of thousands of new yorkers coming back to work today. Just the beginning of the restart. Of everyerally because single new yorker worked so hard to get us here. We have been the epicenter of this crisis. This is the place where it was going to be the hardest to make a comeback, yet new york city is so strong and resilient. We are making that come back. We will always remember the heroes of this crisis. The first responders, healt
Relationship with the commissioner of the new York Police Department following reports the city council was considering cuts to its budget. Right. It is a very Beautiful Day today. It is a Beautiful Day for this mayor de blasio all right. It is a very Beautiful Day today. It is a Beautiful Day for this city. This is a powerful day. Day 100 of the coronavirus crisis, and it is the day that we start to liberate ourselves from this disease. The day we move forward. Begins in new york city. All new yorkers should be proud that you got us to this day. This was a lot of hard work. Everyone who stayed home, everybody who socially distanced and put on face coverings, you got us to this day, a date to celebrate hundreds of thousands of new yorkers. Just the beginning of the restart. Every single new yorker worked so hard to get us here. We have been the epicenter of this crisis. This is the place where it was going to be the hardest to make a comeback, yet new york city is so strong and resilie
Also, the Capital Management founder as well. We still waiting for world bank headlines, which i dont think in the meantime we are working it out. We are chatty, trying to figure this out with the delay. We will bring you them as they cross. Now we want to bring in michael spence. Spence, it is a pleasure to have you here. You have written quite extensively over recent weeks about what covid and the recovery of the pandemic looks like. Now in the u. S. , streets are literally burning how do these to reconcile themselves as they we try to recover . It certainly wont help on two counts it wont help with economic recovery, and secondly, although i am no scientist or epidemiologist, a number of them are saying we could, as a result of the very large demonstrations, have an additional outbreak which would require policy action to contain that, and that, in turn, would have an adverse effect on economic recovery. That is not the main event of these protests, obviously, but the side effect mi