That has been totally unpredictable and has led to this word going on forward, which is uncertainty. Uncertainty and economics, uncertainty across investment. Says it isnuchin across finance as well. To me, the hard question here, forget about hong kong, about Boris Johnson talking about the fdr new deal for your united kingdom. Windows thehing is next round of fiscal stimulus appear. Jonathan there will be huge pressure to deploy yet. The message from chairman powell is we will not fully recover until we control this virus in this country. And the radical uncertainty being expressed by policymakers by fed chair jay powell as well as Steven Mnuchin gives people certainty that we are going to get more stimulus both on the fiscal and Monetary Policy front. Among the things i am watching today, we are getting a further read on the Housing Market after the pending home sounds data pending home sales data. We are taking a look at where prices are increasing the most. We will be hearing from
Absolutely fascinating about the complete over that mystery starts with the job report on thursday. Did you know it is a holiday shortened work, having shortened work week, having to do with the freedom of the colonies . Jonathan you will have to explain that one to me. It must have been a class i may have missed. We are looking at the direction of the coverage, arguably still positive. The pace of the recovery is what is being questioned at the moment. Lisa tom was right to bring up the jobs report. Report a daybs early for the mother to for the month of june ritika interesting for them of the june. Interesting to see if people think the fed is reaching. We have jay powell testifying tomorrow before the House Financial Services committee. On wednesday, it will be the feds june Meeting Minutes come out. Joblessday, theres claims. This is lagging at at this point, but it might give some insight into just how many jobs are coming back at a time of pain. Jonathan and no one knows. The ran
P president driscoll, you may start the migrant. Meeting. Due to covid19 and the Governor Newsom and mayor breed have lifted the tre tree restrictionn teleconference, this meeting is being held teleconference. In our published notice and on the web page we ask the public to participate remotely by writing to the board or by leaving a voice mail manage. I will ask all members of the board to mute themselves to minimize background noise and keep your cell phone remote, as well. Board members will unmute themselves to comment. There is staff in the background managing the Technology Functions during the meeting to switch from my slide presentation to whom ever is speaking at that moment. Thank you to all who have put this meeting together. Technology and this device is increasing and there will be more changes, all to make the meeting and the interaction go smoother. At this point, can we ask ase commissioner to unshare his screen. Square with arrow and not an x. Thank you. Item number 13
New week, jim, with the focus once again on a resurgence of cases in certain parts of the country for the virus. Concerns about china, as well. And then the overall as we, of course, know, expectations regarding the economy and what the impact may or may not be as a result of what i just mentioned. Well, i think that its always surprising to me as someone who i think lived through it like you do that people in some of these states did realize the level of contagion. I mean, this is one when youre in the room with someone who has it, youre going to get it if you touch someone who has it, youre going to get it i dont know, did people feel they were immune i think there was a sense that maybe new york was isolated. I dont think this will be like new york because i think they learned how to treat people. So, i think the big scare of the hospitals being overloaded will only be perhaps some i mean, we had a war zone here in new york. I dont think that will happen there. The chinese situation
Unemployment claims last week, but we are seeing sectors most sensitive to economic reopening. Sharply hire American Airlines rilgt now, trade iing up some 45 wilfred. Its actually pared some of those gains. About 43 . Ahead on todays show, tim ryan has a six step plan outlining his companys pledge to support black lives and it goes well beyond cash donations. Hell join us with his message plus, a key question for millions of newly unemployed americans. What happens when federal stimulus programs run out . Lets focus though on the big stories were watching today first of all mike is tracking the Market Action phil lebeau is watching a huge surge for airlines before the pullback and Courtney Reagan covering a battle between landlords and retailers, but mike, lets start with you and the broader markets. Hard to make too much of this headline softness after such a sprint that the market has had take a look at the two year chart the s p has had. We did see today mostly, the nasdaq 100, cli