Investors move out of tech into the cyclicals. On the day, there was a sharp leg lower because around 11 00, stocks up. 2 , now down. That came on the news the florida covid19 cases rose 2. 4 yesterday relative to the previous seven day average of 1. 6 . The fear everybody has around the idea that will these protests and a reopening in the United States because despite or second wave, perhaps improving i think their cases were little bit above yesterday. You can see the reaction in stocks at this point. David one day does not make a trend make, at the same time we are all on tenterhooks to find out what happens in the states that opened up earlier than others. Airlines, we have airlines bursting back, saying maybe air travel is coming back. Abigail American Airlines very positive and that is helping the dow transport traits to the positive. American airlines boosting their flights in the air. Many saying millennials are willing to get back into the air. That could help a beatendown are
He is telling the truth in terms of this is a very difficult situation at best. It will take a long time for the economy to recover and it is tragic for many. He keyed out the 40 of people making less than 40,000 per year losing their jobs in march. A difficult message but a truthful message. Right now the markets appear to be coming to terms with it. In the near term, support is holding. We are still stuck in a range even though it does feel risk off. It is risk off. David tech has given us a break thus far. His tech holding up again . Abigail tech was holding up, you had the faang Index Holding up. Do your point, out of the march lows, tech is up in a big way. The faang index up 20 . To the downside, the financials continue to lag. This year there down 30 . That is 10 of the market. The s p 500, to continue the rally out of the march lows, you will need to see all the sectors get on board, the banks, the industrials, and some of the cyclical sectors are lagging. One reason the banks
Rather and it basically orders all californians to stay at home unless you have a necessary essential reason to lee the house that being maybe Grocery Shopping or exercising in the reason were doing this is to stop the spread because in a letter to President Trump the governor warned him saying he predicts. More than half of our state will be infected with the coronavirus within an 8 week period that if we do absolutely nothing and that would be 25 Million People so that is alarming and that is why this orr is going into place so what does this mean for people across our state. Well its nothing new to us in the bay area take a look at your screen. It means grocery stores, gas stations, banks, those will all remain open pharmacies will also remain open restaurants will be open for take out people are allowed to go outside for exercise children could play outside. But that still means you need to keep that 6 feet of distance the National Guard will assist with delivering medical and othe
Good morning. As chair of the congressional Asian Pacific american caucus, i am proud to join my colleagues in hosting this press conference to ensure that every community is fully counted in the 2020 census. Effort of the congressional black, hispanic, native american, and asianpacific caucus, and we are so honored to have speaker pelosi, majority leader hoyer, chair jeffries, and vice chair clark to join us today to assure the American Public that the census is safe, secure, and confidential. There is so much at stake in the 2020 census that will shape the lives of americans over the next decade. The results of the 2020 census will determine how over 1 trillion in federal funding is allocated to states and localities to fund hospitals, roads, and other Critical Resources in our communities. It will also determine how countless policy and Business Decisions are made, as well as how many congressional seats are apportioned across the country. Thats why a successful 2020 census count is
You are on the free cspan radio app. House Speaker Nancy Pelosi and other democratic members held a News Conference on the 2020 census and its impact on communities of color. They also warned of potential tactics could be used to dissuade people from participating. From capitol hill, this is 40 minutes. Rep. Chu good morning. As chair of the congressional Asian Pacific american caucus, i am proud to join my colleagues in hosting this press conference to ensure that every community is fully counted in the 2020 census. This is an effort of the congressional black, hispanic, native american, and asianpacific caucus, and we are so honored to have speaker pelosi, majority leader hoyer, chair jeffries, and vice chair clark to join us today to assure the American Public that the census is safe, secure, and confidential. There is so much at stake in the 2020 census that will shape the lives of americans over the next decade. The results of the 2020 census will determine how over 1 trillion in