Let me introduce the people here with us today. , melissa. Diate right thank all of you, smiling faces, for being here today. Today is day 100. It is a day that new york city begins to reopen, and it is a day that i am so glad to see finally come. Day 100. Day 100 since we had the first case in new york. The first coronavirus case. That is when we started counting. Day 100. When we first started, all of the experts people who studied this across the world. I said, where are we going to go . Nobody knew. How fast you could control the spread of the virus. It will depend on what people do. Whether or noton people take it seriously. If people except the warnings, understand the virus and understand how serious it is. I am so proud of how new yorkers have responded. I can say this. I am a born and bred new yorkers. New yorker. New yorkers heard the message and they did what they had to do. They did it with discipline. If you told me 100 days ago that we would be reopening, when we did not
With the dow gaining 6. 8 there has been some controversy about that too explain whats going on behind the numbers. In terms of how many jobs have been lost during the pandemic. Its fifth positive session. Its been up five sessions in a row. Its indicated higher and the 6th day of the week. That was up by 6. 8 . S p was up by 82 points. And then the nasdaq was up by 2 almost 200 points. The s p indicated up by 6. 5. And treasury yields and did see quite a bit of activity there too. The ten year yield picking up substantially last week and this morning its back at 0. 91 i cant remember the last time we had a ten year above 0. 8 let alone 0. 9. It could be a round number some day not that far 1 maybe cross your fingers. Oil too is almost 40. Oil looks like a bad break looks like it went down and it is such a quick one right back up and almost to the levels where it was almost prior to this the journal has the piece when the spiggots are opening here today. We have a huge show again today
Gov. Cuomo gov. Cuomo good morning. Let me introduce the people here with us today. On my farright, the to my immediate right, melissa. Thank all of you, smiling faces, for being here today. Today is day 100. G here today. Today is day 100. It is a day that new york city begins to reopen, and it is a day that i am so glad to see finally come. Day 100. Day 100 since we had the first case in new york. The first coronavirus case. That is when we started counting. Day 100. When we first started, all of the experts people who studied this across the world. I said, where are we going to go . Nobody knew. How fast you could control the spread of the virus. It will depend on what people do. Whether or noton people take it seriously. If people except the warnings, understand the virus and understand how serious it is. I am so proud of how new yorkers have responded. I can say this. I am a born and bred new yorkers. New yorker. New yorkers heard the message and they did what they had to do. They
Finally come. Day 100. Day 100 since we had the first case in new york. The first coronavirus case. Case in new york. The first coronavirus case. That is when we started counting. Day 100. When we first started, all of the experts people who studied this across the world. I said, where are we going to go . Nobody knew. How fast you could control the spread of the virus. It will depend on what people do. Whether or noton people take it seriously. If people except the warnings, understand the virus and understand how serious it is. I am so proud of how new yorkers have responded. I can say this. I am a born and bred new yorkers. New yorker. New yorkers heard the message and they did what they had to do. They did it with discipline. If you told me 100 days ago that we would be reopening, when we did not even know how bad it was going to get. We had dire perfections. Early productions said it would overwhelm our Hospital System by doubling the capacity in the Hospital System. Beds and,000
Being exposed to the coronavirus. Companies are laying out plans for a return to work from facebook to jpmorgan, even if it means only 25 of the work worse will be back in the office and perhaps not even until the end of the year. Taylor riggs has been following the action. Taylor some of that negative news that you were highlighting, the equity markets as you know are continuing to gain on the hopes of a reopening plan that was expected to come in the next coming months or so from a lot of these major companies. Big tech has really resumed a lot of leadership. The thing they wanted to point out was the big performer, reading the note from our chief equity strategist to set the gap in the forward pe ratio between tech and tech excluding the big five goes back to july of 2013 and the ratio explains the dominance and outperformance of Companies Like google, showing the discrepancy we havent talking about. Emily expedia out with results, hit hard by the standstill of global travel. Countr