Market another major selloff on wall street. Stocks temably tumbling s p tumbling but check out what happened on the year this has only happened 17 times before going back to 1962. Brian kelly, what does this tell you about the market well, it tells me we are in for some tough sledding, a lot of turbulence. What is interesting, that bonds and stocks did Different Things than they should have done there are a lot of people in the market, when stocks are down and bonds are supposed to be up. They used that as part of their port foal yoan when things get out of whack, they have to balance that. This feels like the end of february, beginning of march gold didnt do well, bonds didnt do well the only class that was up was bitcoin. That seems to be a safe haven. Jeff, what did you make of that when we talk about safe havens, it is not necessarily negative health care outperformed and utilities outperformed so it was the usual suspects but tech not being a safe haven, that speaks to the statis
Employees. Weve got those details. But first we start with some breaking news. The electoral vote count stands right now at 227 for mr. Biden and 213 for mr. Trump. And we still have eight uncalled races. In wisconsin, which is still too close to call, biden holds a narrow lead of just 20,000 votes. Well within the margin of error there. Well within the drift that lets the president call for a recount. The Campaign Says they will immediately do so, request a recount. Another place biden holds a narrow lead, thats michigan thats where we find Brian Sullivan in grand rapids any update on this very close race reporter yes, and no how do you like that im like an economist on the air. Im going to give it to you both ways heres where we stand right now. Heres the reason i answered that way number one, heres the count 94 of michigan has come in. Its that last 6 that is the issue. Now, youve got joe biden who is up by about 45,000 votes right now. To your point, there are far more outstanding
Thank you to the press and the immediate why for getting the word out and most importantly, we want to make sure that voting is easy. If you have any questions or concerns, what is interesting this past weekend, i heard from a lot of folks that said i didnt get my ballot yet, what is going on . What is happening. So people seem to be very excited about voting. We also want to make sure that folks are able to get their ballots and theyre able to get their questions answered and we make it as simple as possible and we also keep everybody safe. When were showing up to our polling places, or our Dropoff Center or this particular center here across the street from city hall, were all using the wash center to wash our hands and were wearing our masks and complying with our Health Orders because thats how were going to be able to continue to not only get through this but adapt to the needs to make sure that we are able to not only vote but vote safely. Thats what this is all about and so than
It is hip to be square used to be at least. Lets check out u. S. Equity futures. Things are relatively flat and that isa good thing. A bit of a difference after the big swings weve seen. Right now dow futures up about 3, s p 500 up about 2, nasdaq up by 13. Of course this is after a done day for the m down day for the markets yesterday. Treasury yields are something to start paying attention to because we did see a pickup in treasury yields to the highest levels weve seen since june the ten year is yielding 0. 813 . And i know it doesnt seem like a lot, but it is the highest level weve seen in a while and there is so much that rides on that including mortgage pricing which has been a key part of what has been happening in the housing sector, a strong point in the economy so far. Lets get over to washington. Well talk about id call it a soap opera, but really it is a reality show and means a lot to so many millions before nancy pelosi says she is now optimistic that democrats may be abl
And the public, city hall is closed. This precaution is being taken pursuant to the local, state orders. Commission meetings will attend the meeting through Video Conference and participate in the same extent as they were physically present. Public comment will be available on each item on this agenda. Channel 26 and sfgov. Org are streaming the number across the screen. Comments or opportunities to speak during the Public Comment period are available via phone call by calling 4156550001. Again, its 4156550001, meeting id 146 7977410. Then press pound and pound again. Then you will hear the meeting discussions which will be muted and in listening mode only. When your item of interest comes up, dial star 3 to be added to the speaker line. Best practices are to call from a quiet location, speak clearly and slowly, and turn down your television or radio. Alternatively, you may submit Public Comment in either of the following ways, email myself, alisa. Somera sfgov. Com. Madam chair, that