Markets. Dow is up 181, 30,150, all three of the averages setting record highs today. Shannon, you have made some very interesting moves in your portfolio, both what you have trimmed and what you have added to first to what you have trimmed apple and microsoft. T tell me why. So really two different stories here, scott. First of all, ill start with microsoft. As i talked about on the show, this is our Largest Holding and remains a very high convince for us we still have a lot of confidence in azure and the endtoend software it offers but from a portfolio perspective, it was time to trim apple, weve seen a significant runup, 75 in the last year and we really feel like a lot of that has come on multiple expansion. Weve gone from about 15 times to about 27 times. Although we do believe in the services storyand the mo monetization, we think there are better opportunities we trimmed back from a market weight to an underweight were going to continue to hold the stock and maybe look for oppor
50s for current temperatures alameda you are only spot on the map along with San Francisco holding on to those low 50s elsewhere, it is down into the 40s and thats a whole lot cooler than yesterday at this time. Talk of the rest of your day in your forecast still to come over to you robin all right, lets check in on the traffic i keep saying its so much better than yesterday. We had the rain the wet roads and all the overturned crashes out there this morning dealing with the fog as you said a live look at the bay bridge toll plaza the trip into San Francisco looks good right now i dont see any problems here so come on in for its 7 minutes off to the fremont street exit a live look at 92 thats your trip across the san mateo bridge and its already busier now compared to the 4 oclock hour. So its really picking up as folks are heading off to the peninsula 12 minutes and growing to make it over to one o one at a live look at the Richmond Sandra fell no problems here leading up to the pay g
Pursuit, but we do know that it will when through the streets came to this particular location where a squad car you can clearly see that suv right there that San Francisco suv but the flashing lights that was involved in the accident as well that sent the blue car careening into the home. The driver of that blue honda had to be extricated from the car that actually to rip open. The roof just to get the driver out we do know that the driver was rushed to the hospital with life threatening injuries. 2 Police Officers were in that suv they suffered injuries, but fortunately, were not hearing, ive any life threatening injuries to them that muni bus believe it or not that was involved in the accident as well, although you dont see any noticeable damage but the front end was clipped and there obviously was a driver at the time they came up to the intersection so that driver was a witness there talking to the driver that that many buses part of the investigation and if youre wondering why ev
Does he have the ability to do this, do you agree with the decision . Sen. Schumer i agree with the decision and i know that he will check things out legally. Thank you, everybody. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] a we take you live to discussion on fiscal policy in the Incoming Biden Administration and congress, hosted by the brookings institution. Size i think is ambiguous and policy occur through a political process. I would rather see something that is a little bit smaller but that could pass this week or next week, rather than wait for something that is a little bit until, but will not pass february. If you look at the output gap, i think a trillion dollars is a reasonable figure for the next round of stimulus. I think democrats should be willing to take a couple hundred billion dollars less than that. Republicans should be willing to take a couple hundred billion dollars more
With the cares act in march and prevented the covid pandemic from doing even more harm to the economy and welfare of americans than it did. The cares act is essentially been spent, many people are about to lose benefits. Unless Congress Acts. And unless Congress Acts fiscal policy soon will be a drag on growth. They are still more than 11 Million People still unemployed by the official count. Most economists and certainly those gathered here today agree more fiscal support is necessary. Following that discussion, we turn to an issue predating the pandemic him one that persists. How to think about the federal debt and very low Interest Rates. Its growing and unsustainable rate. There is sentiment among comp economists for doing anything about that right now. When is a debate about how and how best to address that Going Forward. Had to balance the risk and cost. And too little Public Investment. We look at that issue with the paper posted on our website. By two veterans of economic polic