Eventually secured more than enough Electoral College votes to clear his path to the white house or biden supporters are gathering a rallies across the u. S. Celebrating the democrats victory one of the biggest celebrations is just in front of the white house thousands of people have poured on to black lives matter plaza in the capital chanting cheering and singing. Lets speak to a White House Correspondent kimberly how kid who is in washington d. C. For us says so kimberly it is being contested by the Trump Campaign but it does seem that joe biden after 4 days of painstaking counting and wafer thin majorities in some places is now the president elect of the United States. Yes in his cell or his his supporters are celebrating on black lives matter plaza outside the white house as the president returned from one of his weekend golf games he had to weave his motorcade through these crowds to get back to the white house were watching carefully to see if well hear from the president but ju
Namesure you include your and where you are texting from. Wj. Twitter, it is cspan you can also post on our facebook page. The story is similar in a number of publications across the country with the reporting of latenight news from those cities. Tensions ease in some cities, but others see more chaos. Wall street journals washington is becoming a heavily armed fortress and criticism of President Trumps response is mounting. The star tribune is investigating on the investigation. Minnesota human rights launching an investigation into the Police Department after filing a civil rights charge related to the death of george floyd. The probe announced by the governor on tuesday will look at Minneapolis Police policies and procedures over the past 10 years to determine whether the department has engaged in discriminatory practices toward people of color. That is from the minneapolis star tribune. The online version is more updated, but just a bit more from their lead story. Protests roll on
That investors will start moving out of bonds. If that happens, that could be the next big rotation possibility to keep an eye on, out of bonds and into stocks. Should that occur, it will suggest the rally we are seeing they have legs and could continue. David take the flip side of that. It is a good point. If we do not have rotation out of bonds, does that Say Something about where the equity markets are headed . Abigail it could, indeed. Equity investors are watching bonds. When bonds were in rally mode, there were people reluctant to get into stocks because they were curious of what bonds were telling them. That was true in the summer of 2018. If we see bonds stagnate, that may suggest the rally we have seen for stocks will stagnate. Right now it is largely about the dollar. That is tied into bonds. The dollar has been week. As we have yields rising, the dollar has been going down. The yield curve steepening, supporting that as we have had the dollar go down over the last several da
This is not hitting the economy. The fact that you have Stocks Holding in tells you some traders believe that right now the civil unrest is unlikely to hit the corporate profit outlook we are always talking about. However, if there is an unfortunate effect from covid19 because of the proximity of protesters, that could be in uncertainty. The other Factor Holding stops around flat is the fact we have the financials that move into the cyclical sectors once again happening. The stayathome sector trades off. What is amazing is the 10 year yield had been down a little bit earlier, right now about flat. Investors are not worried about this fundamental picture we are seeing, the social unrest youre talking about. Lets see whether or not that changes. David pick up something you mentioned to me earlier. How much of this is a weakening dollar . Abigail all of this is the dollar. That is a mark of quantitative printinge money that jay powell spoke about not that when theo dollar makes risk asset
Last night i was thinking of so many things in terms of the humanity of all people in our country, and i was thinking about time. Time is such an important commodity, the most important commodity, most finite commodity. The time it takes to make the changes necessary. Its long overdue to make some of that change people are calling up for. I was thinking of the book of ecclesiastics and in it the talk about the time is everything. The time [inaudible] he talks about the time to heal, talks about the time [inaudible] the time for peace. Lets focus on the time to heal. The time to heal your we have had the president calling commanderinchief, president of united states, a responsibility to keep. [inaudible] president george w. Walker bush said the following. [inaudible] Law Enforcement officials cannot place themselves above the law that they are sworn to defend. [inaudible] president obama said after the murder of eric garner, right now unfortunately we are seeing to instances where peopl