Analysis. Kit juckes this morning was smart, smart, smart. One calculation i saw was it was only 5 of gdp, and that is a squishy number. But that aint much. You really wonder, whether be a second deal if the slowdown in europe continues . Francine it is 5 but every country has to ask for it, so it wont go to everyone depending on whether they need it or not. The other thing is that he could be the first step toward more physical integration in europe. It is a path forward, and that is probably why it is being heralded by euro files as something of a great deal. Lets get straight to the bloomberg first word news in new york city with ritika gupta. Ritika as you were discussing, it is a done deal. European Union Leaders have agreed on a landmark 860 billion economic Recovery Fund. It is split almost equally between grants and low interest loans. It will unleash vital Financial Aid to the southern european economies it hardest by the coronavirus, and it is being paid for by hundreds of bi
Sal castaneda. Im gasia mikaelian. We want to get back to the news that we have been reported for the last two and a half hours. A firefighters with injured trying to put out these large flames. We got an update to San Francisco fire. Six commercial buildings here. The smoke could be seen across the bay in emeryville in oakland. Lets get to alley that joins us with the latest. Reporter the fire broke out around 6 30 this morning, 5 alarm fire. It is now 75 contained. That means forward progress has stopped. Six commercial buildings impacted by this. This is a live picture from the scene right now. You can see this is adjacent to highway 101. This is the central freeway and this is the Industrial Area of the city. But were told that nearby, there is about 14th street, there are some residences that have been evacuated as a precaution the good news is that the forward progress of this fire has been spreading. They have it under control. This is after they had 160 firefighters, 60 trucks
In Wealth Management, we had a very strong performance, plus 70 in asia, plus 16 in europe, 3 in switzerland, upsetting the u. S. , where we saw the effect of net recurring fees being based on the previous quarter with an impact in our profits. Was there any sense of caution in the clients . How would you describe your client activity this quarter . Sergio still very active. More of a wait and see, starting to think about the second half of the year, which is full of events which potentially will trigger a change in investors sentiments. The geopolitical situation that we all know about the u. S. And china is going to the next level europe,ituation in which as we speak, is probably resolving but is still very complicated. Last but not least, the u. S. Election. According to our clients, 61 of our clients are thinking about changing their asset location post the election no matter who wins. Manus do you think that is holding them back, the election, overtraining and trade . Over china a
Rewards. All indices are higher in terms of the s p and dow. The nasdaq has turned lower in the last 30 minutes. Vix at 24. The euro continues to drive higher. 1. 1518. Strength after they managed to pass some grants and lowinterest loans to aid everybody. Of crude oil, Summer Travel season is in full swing as coronavirus cases pop up in cities across the country. Many are rethinking a potential comeback in the hotel and leisure sectors. Adam portnoy, is ceo of rmr group. Us,last time you were with it was toward the beginning of the outbreak in the northeast, at least the beginning of what we knew the outbreak would be serious. You were collecting commercial rents at a rate back then that surprised you. Beet been instance i since . Time wence the last talked, in terms of Economic Activity in our portfolio, we have over 2000 Properties Across the u. S. We touch every type of commercial real estate sector. As a result, we have a really good sense of what is going on in the economy on a d
The subcommittee on Early Childhood elementary and secondary education will come to order. Welcome, everyone. I know that a quorum is present, and i note for the subcommittee ms. Mcbath of georgia, mr. Underwood of illinois, ms. Lee of nevada, ms. Trahan of massachusetts, mr. Walberg of michigan. Mr. Johnson of south dakota and up to murphy, North Carolina. The understanding the questions will come omafter all members of the Early Childhood, elementary and secondary education subcommittee on both sides of the aisle who are present have had an opportunity to question the witnesses. The committee is meeting today for a hearing to hear testimony on underfunded and unprepared examining how to overcome obstacles to safely reopen Public Schools. As this is a hybrid hearing with members participating both here in the hearing room and remotely i ask all microphones for participants remotely be kept muted to eliminate background noise. Members will be responsible for unmuting themselves when th