President restores americans faith ineffective government. In effective government. He knows the government runs with integrity, confidence and heart will save lives and livelihoods. We cant afford to let donald trump continue to endanger the lives and livelihood of every american. That is why i am proud to endorse joe biden as president of the united states. He helped a community heal. After the Boston Marathon bombings that tore up bodies and the sense of safety and community, he was here. People who had been hurt, people who were afraid, he gave them piece and grace. I watched it unfold. We are boston, we are american, we respond, we overcome and we own the finish line. Done, weonald trump is will do more than heal the nation. We will need to rebuild and to transform our country. I have seen joe biden help a nation rebuild. In 2009 president obama put him in charge of leading the implementation of historic recovery act to save our economy and help working families. During the recove
Near its session highs, ending the day with 1 moves in either direction. It looks like some of those could be coming back. We also had crude and oil markets rally and despite concerns that demand was off about 70 . Crude is up 1. 6 . As we know, the fte Energy Consultants have said that it could fall 8 Million Barrels a day in 2020. Cuts. S coming on supply the highyield market, as you can see we are up 2 or so. Strategists say the fed may be buying double b rated bonds. That would be in the junk category. We are seeing some of the highyield markets catch a bid. Now for deep analysis into the markets, joining me from los angeles on the phone is the Portfolio Manager of Causeway Capital management, which oversees a 37 billion. Sarah ketterer is the former morningstar manager of the year. On that note, it is great to have you. There have been many comparisons between 2020 relative to the financial crisis of 2008. You noted in 2008, a lot of the cyclicals over leaving us out of the bottom
Familiar. Good morning. To fbn a. M. Good morning. Im cheryl casone. Lauren good morning, im lauren simonetti. Cheryl lets take a look at how your money is moving this morning after markets jumped 5 yesterday after promises of stimulus from Steven Mnuchin and the president. We had been limit down overnight at one point. U. S. Futures are in theory going to be limit down again before we open today. Dow is down almost 4 , 821 in the premarket, s p is down 92 points, 3. 69 , nasdaq is down almost 4 andahalf percent. Lauren the 10 year treasury yield moved up 36 basis points yesterday, its up another 11 right now, 1. 192 because there is to much government supply at the moment. Cheryl were looking at oil, because we continue to see pressure in that market. Fears of a global recession, more and more analysts talking about that, that is putting pressure on oil once again, a 2 drop in crude, below 30 bucks, 26, 37. Gold, usually a safety play, its down about 2 . Lauren nervous investors tryin
Is how it aims at straight at their respective establishment. Democrats are now losing their minds because this is not how 2020 was supposed to go. Thanks joe. Silverback biden was meant to parachute into the race with goodwill and the Obama Coalition to save the party and rescue the presidency. But, he is slow and weird and only growing stranger and more stagnant by the day. Thanks nevada. Its rhode island, New Hampshire. All right he has been cast aside by the serious passions with scores to settle in institutions to level. Joe is now and also land and bernie is a threat so grave leftists are left to toss around hitler metaphors to try to stop him. That pellets out of remaining candidates will have one more time to look as much damage as possible and tomorrow nights debate to stop senators momentum before South Carolina which was oddly the starting point of the last civil war. Bernie is not helping himself by saying dumb stuff like this. We are very opposed to the authoritarian natur
And if you are going out, a quick look shows low clouds clearing out into the day today because we are warming up with plenty of sunshine for everyone today. At the coast, 60 degrees and mid60s around the bay and low 70s into the inland communities. That is just the beginning of the warm up and i will talk about that in a bit. For now, we will see how the traffic is doing. We do have slow traffic at the bay bridge, not unusual. Its coming up on 6 00. 6 01 to be exact with slow traffic, as you might expect. Interstate 880, looking good into downtown oakland with some other commutes waking up. 680 out of pleasanton is slow heading south. 6 01 and back to the desk. The Oakland Unified School district officials will hold two meetings for parents and neighbors to update them on the temporary closure of Mcclymonds High School after a cancercausing chemical was detected under the school. Allie rasmus is live in oakland where district officials are waiting for test results. Reporter these two