Not too long ago, to set him up for this job. Expected butly faster than many analysts had expected. Thathich is how hard is my question, hollow hard a job is this. Limitedey have some exposure to north america. It did a complete 180. David but it is specifically into a larger story about Capital Investment and specifically energy. Alix and how deep it is in the u. S. That is what we will learn. We have earnings coming out and the macro picture. That Means Nothing is happening in the markets. If you like it was a same story yesterday. The dollar rebound from that selloff. Do williams came in and said nt keep your powder dry. Same in the bond market. A big buy coming in. Can we finally say it is a geopolitical risk story with crude . David did they shoot it down or not . Alix it is all cloak and dagger. David meantime, we want to find out what is going on outside the business world. For that, we turned to Viviana Hurtado. Viviana the Trump Administration and House Speaker nancy pelosi a
The wrong flight. Im brian balogh and ive been a cohost for backstory for over ten years now. Im going to introduce the panel and then we are each going to say a few words about our quite different roles. Nathan and i have the same role, he is trying to steal the 20th century from me, doing a pretty good job of it, but we all have relatively different roles in backstory. I wanted to talk about that a little bit and then we are going to open it up to your questions. Just for starters, this is not what it looks like behind the scenes at backstory. In fact, were rarely in the same place at the same time. I had to Google Nathan to see what he looked like, for instance, even though i talk to him every week. So introducing myself, im a professor at the university of virginia, i cohost backstory and i direct the National Fellowship program at the jefferson scholars foundation. My cohost, nathan connelly, of course, is known to most of you as an outstanding scholar. He is the Herbert Herbert b
Earlier losses closed at a record high. Thats kind of where our road map starts as it often does investors shrugging off Global Growth concerns. Stocks set to rally at the open. And records still within striking distance. Plus, broadcom eyeing symantec, my reporting added to bloomberg yesterday which broke the story. And mine. And jims give you more details. And pot shakeup, bruce linton out, telling cnbc he was fired from the Worlds Largest publicly traded cannabis company. Somewhat extraordinary. No. Wait. Having him on talking about being fired. Want him back all right lets talk about stocks. Looking to set a new milestone this morning s p 500 on track to open at an all time high. That would be the second time this week. Yesterday the index posted its seventh record close of the year take that, Global Growth concerns, take that, what did we get from edp this morning . Adp, 38,000 jobs less than expected created so what . So what i think melissa had some great commentary in last show
Well determined forms of wages, hours and benefits commonly found in public employment, typically, trying to create a balance between the employers ability to pay and the conditions within the relevant labor markets and the cost of living. So given all that, weve by the numbers, weve probably we counted it up. We had nearly 400 bargaining sessions. We dealt with almost 2,000 proposals from all of the unions taken together, and through the process from the middle of january through may 15, we were able to resolve all outstanding matters either by agreement or in some instances, by award. We had 26 tables. Seven of them were solved by negotiations, and through agreement, the remaining nine m. O. U. S were set by arbitration award. The generalization increases are covered in the controllers report. Roughly, its 11 over a 3year period. The just by way of explanation, the city and the unions did conduct extensive analysis on the cost of living. We compared public and private wage and benefi
And its different than what youd find almost any other country in the world. So if the federal lawmakers are not open to making big when legal tender than the states are free to do. So, were seeing sony, arizona looks like florida looks like texas people in texas are actually talking about the seating from the United States. If the fed just want to keep their head in the sand and dont want to compete on the world stage, this is the state of arizona and they did in 2017 passed a similar law of making gold and silver a legal tender. So states do have some sort of rights regarding this, but also this past week, what we saw, which was quite remarkable, was that joe biden, his administration said theyre looking at creating some executive orders essentially like, you know, president ial orders to deal with. What he says is the National Security element of bitcoin. So as we predicted right here on kaiser for it, we were the only people to do so way back in 2011 max kaiser was predicting this