Part of that down to the uae and kuwait deciding to cut production. Haslinda chinas factory gate prices fell while consumer inflation eased, pointing to weak domestic demand. Bloomberg markets coanchor Tom Mackenzie joins us from beijing. Take us through the key takeaways. Thatthe top line is Producer Prices fell more than expected. 3. 1 compared to a drop of 1. 5 in march. That does suggest weaker Commodity Prices. Going forward, Bloomberg Intelligence expects that deflationary picture to continue given that the economy will remain under pressure and we have pretty weak demand. That raises questions about the possibility of these corporates and their ability to pay down debt. Consumer prices rose 3. 3 . Poor crisis continue to rise at a slower pace. Pointing to a weaker demand picture. It is going to reinforce the case for a more certain policy support. Moderating,pi is the other question is whether this starts to spread internationally as well. They are saying there couldnt be a wors
That this may reflect an extension of that stayathome trade weve been watching. Look at all the stocks popping early on those are all Companies People were giving up on even ten days ago when they felt the trade was the mike corbat trade. You recognize if you can do what some companies are doing, which are saying its up to you if you want to come back. I think now the onus is saying im not coming back. No way lets dig n get bin and get bet cybersecurity. Those are the stocks that are popping. I respect that from people who say i do not want to be back at that building. The pandemic is not done and the pandemonium has begun. What explains boeing up 1 , carnival up 2. 5 i assume were looking at hopes that these demonstrations and protests will not result in a further outbreak of the virus, and that these epicenter stocks will continue to outperform. We keep betting you have to have it. Its been seven days now the incubation period, theres a lot of news stories saying the new strain is ou
In 1964 you were already a member of the nyse and i wonder either in 64 or 68, did that disconnect feel as profound as it feels right now it did. Thank you for remembering. Yes, i was there in swadling clothes, but certainly in 64 to some degree and 68 was a terrible era in which the demonstrations, again, turned partially economic with looting and other things and that resulted in major city riots, some of what were hearing about today, the National Guard coming in, and that then did morph into a bit of an economic setback as the economy struggled. It didnt plunge the stock market, but it set the economy back and major cities like detroit and newark and others actually have not come back from the response they had to the social unrest in 68 and so on let us hope that it is nowhere near that, yes, ive been around long enough to have that memory, and thats why i can tell you for now, it looks a little bit less spontaneous and more structural in that certain Interest Groups seem to be in
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[gavel] good afternoon and welcome to the land use and Transportation Committee of the San Francisco board of supervisors. I am the chair of the committee, supervisor aaron peskin joined by vice chair supervisor safai and Committee Member supervisor dean preston. Our clerk is ms. Erica major. Madam clerk, do you have any announcements . Clerk yes, due to the covid19 Health Emergency and to protect Board Members, City Employees and the public t board of supervisors legislative chamber and Committee Room are closed. Supervisors will be participating in the Virtual Meeting to the same extent as if they are physically present. Channel 26 and sfgov tv are streaming the number across the screen. Comments or opportunities to speak in the public are via available by phone call by calling 18882045984 and the access code is 3501008. Press pound and pound again. When you are connected, dial 1 and 0 to be added to the queue to speak. You will be lined up in the system in the order you dialled 1 an