Many of us can ever remember. We know how big the stakes are. I, personally, have been through this myself when my husband got really sick and was in the hospital and was able to see firsthand how horrific this is where you cant stand by your loved ones side and hold her hand and you cant give hogs to the Health Care Workers and they are the ones holding up the phone to their ears. I know we are going to find a way out of this, but to me, the only way we find a way out of this is to make sure we have a functioning democracy. That is why i am so devoted to this issue and all of the things we were talking about before the pandemic from making progress in a big way on climate change. We cannot wait. Doing something about gun safety, racial disparity, economic inequality. We have to move now and the way we do it is with our democracy. That is why we are working so hard to pass our bill that ron and i have been leading, each of us in different ways, for years. That is to make it easier for
Bank of america has more net Brian Moynihan seems little see little chance of a recession. Shery in the u. S. It was another relief rally with the dow gaining one. 2 . Every sector in the s p 500 in the green, chipmakers pacing the gains, nvidia positive resultss helping not mention circulation european officials could come to the rescue if economic numbers deteriorate more in the continent. We saw more optimistic. Optimism. The nasdaq was up. The future will be on jackson the fed chair has to say when he gives a speech on friday. In the meantime we have u. S. Futures up. 3 . Lets see how we are setting up in asia. Stocks this monday asian are ramping up for a positive start, kiwi shares adding. 2 percent while kiwi 10 year yields are above 1 level amid prospects for stimulus to counter some of these growth fears. Repairinghe pboc is borrowing costs. The rate refund. In hong kong, the warning of economic typhoon after we saw gdp contract more than expected. Switching the board on the c
Economic typhoon. Turbulent times when out for Cathay Pacific protest in hong kong and the loss of the ceo. Shery we are seeing futures higher by four tens of 1 as we see more positive rhetoric from President Trump on the u. S. China trade talks. This on the back of a strong rally we saw on friday with the dow gaining 1. 2 and every sector on the s p 500 in the green. The s p 500 gaining 1. 4 on friday. We saw chipmakers leading the gains, after we had positive results out of nvidia. There was also positive sentiment out of europe as officials there hinted they would come to the rescue if the regions Economic Data deteriorated further. That gave a boost to investor sentiment. 1. 7 . Sdaq gained there was a lot of volatility still with those things swings on the s p 500 with more than 1. 5 intraday. This week the focus will be on jackson hole as we will wait to hear from a fed chair powell making comments later in the week. Lets see how we are setting up in asia. Place the pieces are in
Cyber espionage. The hack of opm is the latest example. Do the chinese steal our Naval Technology and apply it to their navy, and as a corollary to that, are you aware of any evidence concerning china stealing u. S. Civil Nuclear Technology and diverting it to its nuclear navy . Sir, im not personally aware of any instances of another nation stealing our Nuclear Technology and applying to their navy, including china. That may be happening, im not briefed on any intelligence that would implicate that. I think its wellunderstood that there is Cyber Espionage that occurs. We have concerns from time to time about our cleared defense contractors for example in their Cyber Security. I think Frank Kendall and at l is working hard to tighten that up as best we k. I was reflecting on this earlier we talk about Nuclear Matters. As a sort of graduate of the Navy Nuclear Propulsion program. One of the things that has intrigue said me intrigued me over the years, the element of Human Performance th
Its going to predict how it would react under a stress event. And so was the key one of the key issues is what how are investors anticipating this . Is this part of their Investment Strategy . And do prices reflect it, and do practice Risk Management practices reflect that . I think that there are two issues we have to separate as we address the questions you offered. Is there a liquidity crisis . The first is are we in the midst of a transition from one type of market to over. If over night, we say that ever bond dealer who works in a bank can no longer deal bonds, the next day it will be a little harder to buy bounds. No question about it, and sell them as well. But what will happen afterwards, the banks will sell their operations to hedge funds to other companies, to the employees themselves and theyll get reorganized to find the capital and make money, because there are opportunities to make money when people demand liquidity, by the way, theres no such thing anywhere of free liqui