Stephen colbert. Togh hng rttom. Plus, stephen welcomes deusus and mero and musical guest jake isaac featuring jon batiste and stay homin. And now, live on tape from the ed sullivan Theater Office building in new york city, its Stephen Colbert stephen thank you, friendly announcer lady. I never say thank you to her. Thats on me. Im sorry. Its been years now. Thank you, friendly announcer lady. I hope we meet some day. Welcome to a late show. Im your host, Stephen Colbert. It will be a while because we cant meet anybody right now. Too bad, we cant go for a walk. Happy first day of fall. Theres a crispness in the air, the leaves are changing, our nation is ravaged by a preventable disease due to our president s criminal negligence. So happy is a relative term. Its a mixed bag. But despite his historic shanking of the coronavirus response, yesterday in ohio, our Pumpkin Spice potus put a positive spin on things. We now know the disease. We didnt know it. Now we know it. It affects elderly
Smoke pushed back into the bay area. Now the latest on a Traffic Alert on 880. Yeah, its a couple of rs tangled up here and traffic is still slow. They had all lanes blocked though northbound 880 right at da toe that. The good news is theyve opened upmost of them. They are though keeping at least one or two of these slow lanes the right lanes closed until they completely clear everything off the roadway. Looks like there may be some debris in the road as well. So caltrans crews are also on scene. So a bit of a slow ride working your way along 880 for the early start to your ride. If you are headed there, just a headsup. Expect the brake lights out of fremont and gets a little bit better as you go to more in the union city area. If you are headed towards 680 or 238 you can use that, those are free flowing both directions. Westbound 580, a busy ride already out of the Altamont Pass. Were seeing our slowest spot right around Mountain House. From 2035 and it stays slow to north flynn. Anne
Facebook. Fears of celebrity boycotts. And jp morgan has said to have sent some manhattan traders home after positive covid test with plans to restack. Jamie dimon says work from home will cause lasting damage. 6 00 came in london, and a call over the past 24 hours, from the two veterans of markets. Gross. Y dalio and bill its about debt, deficits, and inflation risk. The veteran mindset, the warning shots are plenty. Annemarie good morning, manus. Certainly in different ways both these titans as you say are playing those risks. For ray dalio, he said the dollar is under threat. My question is, what would become the global new king currency as he makes the point in his interview with erik schatzker, the three major currencies all have the same basic problem. Gross, for him its about becoming more defensive, isnt it . Manus it is. We will pick up on the trades in just a moment. Do with to corresponding cash having negative rates. Lets see what our guest host makes of that trade. Take it
Hang seng is flat. Taiwan is the leader on the board. We will talk about tsmc. They are gaining on the back of the apple news. We continue to watch dollar renminbi. 16 month high for the yen. We could be set for the best performance ever for the renminbi. Look at whats going on the rest of g10. Still seeing a strong yen. Pound is gaining for a third day at 129. The dollar falling to the twoweek low ahead of the fed decision. Take a look at bond yields ahead, not much movement. Its pretty quiet before the fed. Six the seven basis points for u. S. 10 year. Bondsl off in government the fall off in government bonds may have run its course. Saw the biggest cash injects and since 2018. Crude jumping on the back of that Better Chinese data we got yesterday. Back to our top story. A big win on paper, but not much in the real world. Says that Donald Trumps tariffs on chinese goods violated International Regulations, but its unlikely to make much of a material difference. Lets get more from our
And maybe some headlines on stimulus before then hit a bit of a dip here dow down 150 or so. The nfl confirms covid cases among players and nonplayers with the Tennessee Titans. And governor comeau saying theyre now up 3 . We might start to talk about schools closing. Meanwhile valuations is where we will begin this morning as investors try to interpret data. The price to earnings ratio of a nasdaq 100 of the last ten years, the pe ratio, it is doubled and it is at that alltime high. As you see up there above 30 it was at around 15 to 18. 40 of that index is made up of just the five biggest tech stocks so here is the question. Are stock prices in big tech stretched to a point where the value wakes no longer makes sen. We have the editor and chief of the verge joining us we have not seen valuations among the biggest stretched to this point in a long time. I kaech hearing this whole peer group value thing, but what if theyre all out of whack yeah, i think that is a big question why would