Today sonal desai, Franklin Templeton cio. There is a narrative out there that regardless of what happens in two weeks time, things will be ok, someone will deliver a fiscal package. How misplaced is that comfort that things will be ok . Sonal i think you have to break this up. First of all, the idea that within two weeks we will certainly know one way or the other. We dont know that for a fact. Over the last several months, the market has become increasingly comfortable with the idea that mailin voting will happen, we will have a blue suite, and it will be clear shortly after the election. And the election will not end up in court. It is a little risky to discount that completely. That is the first thing that could create a certain amount of nervousness in markets. The second issue is that fiscal package. Right now, we have come full circle of markets being concerned about a blue sweep to actually welcoming one because they are eyeing an eye watering we large fiscal package into next
Boog sciambi, and that dancing fool, halloffamer chipper jones. As garcia takes over on the mound. And harrison is in Center Center and sierra moves to left. The marlins six outs away. Garcia, who pitched in game one, and fired a shutout inning, including a couple of punchouts, he was great this year. 14 appearances, better than a strikeout an inning. Rizzo hits it in the air. And rojas, no, thats anderson. I beg your pardon. So sierra, harrison, brinson, left to right. Anderson, rojas, berti, and cooper. And yimi garcia on the mound. The marlins five outs away, leading it, 20. The cubs have been held to one run on one swing in this series. A happ solo homer in the fifth on wednesday. Thats been it. Chipper been an impressive performance by alcantara, sanchez, and this marlins bullpen. Theyve absolutely been in control from pitch one of game one. Jon contreras, plunked. Is the umpire calling him back . Will little is saying he put his elbow into it. And im guessing david ross may get t
Powell makes his strongest plea for greater spending. Stocks selloff into the close, and treasury yields slide. Christine lagarde warns of a cliff effect if fiscal aid is ended too soon. France downgrades fourthquarter growth expectations to 0 . On nightlife. Down the german capital joins paris, madrid and london setting a curfew for businesses amid a resurgence in coronavirus cases across europe. Lets look at german industrial output figures. Speaking of the economic engine of europe, august industrial output falling 0. 2 month over month, that is worse than the estimates for a 1. 5 percent gain. In terms of an industrial output, things do not look good. News lets get breaking here in london. Numbers coming through from various corporates including tesco. Up by 7. 2 , the estimate was 7. 3 . They werenting appointing a new cfo, who will join the board. I think we knew the previous incumbent was going to leave the business, and this new cfo interesting to see if they give any comment o
It is a decided direction and big tech. The lagging sectors are energy as Oil Prices Fell 2 , and health care. A picture of an economy that has largely stabilized but is also at risk of stalling out, especially if there is a second wave of the virus. No vaccine and no stimulus forthcoming. Jobless claims moving in the wrong direction and new home sales rising more than expected as americans continue to hunker down. The vix inching higher. It did get to 29. Treasuries are moving higher. That means lower yields, or at least it did before the most recent change, and the dollar stronger versus all of the g10 currencies except the loonie. Higher dollar means lower gold prices, and we have seen gold turnaround. They did fall to a two month low earlier. Gold could stand to use more groep to lose more ground. David i want to connect two things. You mentioned uncertainty be out the recovery, how fast it is coming back. Jobless numbers not optimistic. Also doubts about the virus. We heard from j
We have a quorum. Commissioner very good. Announcements, madame secretary . During the coronavirus disease covid19 emergency, the San Francisco Public Utilities commissions sfpuc regular meeting room, city hall, room 400, is closed. Commissioners and sfpuc staff will convene Commission Meetings remotely by teleconference. Commissioners for those the live stream there be a delay. I would like to extend our thanks to sfgtv staff. If youd like to make a comment dial 18882733658 access code and dial access code 3107452. Youll hear a speaking tone when its expired. Madame president , your first order of business is item 3, aportfolio of the minutes of approval of the minutes july 14, 2020. Commissioner commissioners, before you, you have the minutes of july 14, 2020. Are there any additions or corrections to the minutes . Hearing none id like to ask the secretary to open it up to the Public Comment. Clerk for those who would mike make comments on the minutes of july from july 14, dial 18882