The company should remain american owned. the company should remain american owned. I could not auree american owned. I could not agree more american owned. I could not agree more with american owned. I could not agree more with president l agree more with president biden. Us steel should remain american owned and american operated. And i will always have the back of america s steelworkers. Have the back of america s steelworkers. have the back of america s steelworkers. ,. ,. , steelworkers. The showdown with owerful steelworkers. The showdown with powerful unions steelworkers. The showdown with powerful unions the steelworkers. The showdown with powerful unions the automaker i powerful unions the automaker which employs around 680,000 staff are struggling with passenger car brand. Profits are getting squeezed amid the transition to electric vehicles, and a consumer spending slowdown. A four day conference to attract foreign investment to russia is about to begin in the
I could not agree more with president biden. Us steel should remain american owned and american operated. And i will always have the back of america s have the back of america s steelworkers. It is all at risk because of donald it is all at risk because of donald trump with a stroke of a pen he donald trump with a stroke of a pen he could get rid of all of this pen he could get rid of all of this and pen he could get rid of all of this and you think this guy gives this and you think this guy gives a this and you think this guy gives a damn about your pensions? he s not losing an instant pensions? he s not losing an instant of pensions? he s not losing an instant of sleep over it. Do you instant of sleep over it. Do you think instant of sleep over it. Do you think he cares about the work you think he cares about the work you you think he cares about the work you do every day how hard it is? work you do every day how hard it is?. , u,. ,. , it is? you can find out mo
That position mirrors that ofjoe biden, who said back in march that us Steel Corp should remain a domestically owned american firm. Us steel it should remain american owned and american operated. In other News Volkswagen is considering Closing Factories in germany to cut costs. Its an unprecedented move and sets up a showdown with powerful unions. The Auto Maker which employs around 680,000 staff is struggling with its passenger car brand. Profits are getting squeezed amid the transition to electric vehicles and a consumer spending slowdown. A four Day Conference to attract foreign investment to russia is about to begin in the countrys eastern most major city vladivostok. The eastern economic forum is into its ninth year. Last year, more than 40 Billion in new agreements were signed, with 7,000 delegates in attendance. The largest contingents came from china, India And Southeast asia. Professor 0ng Kian Ming from Taylors University spoke to us about the importance of The Forum. Russia
To work our way through. Let me start with the Michigan Consumer sentiment index. Headline number coming through at 76 point nine, broadly in line with expectations of 77. Current conditions at 87, i had of expectations. At 75. Tions youve got the difficult situation i think the consumer has got to figure out. Do i worry about the here and now and worry about the impact the virus is going to have over the next weeks and months, or do i think about what the vaccine is ultimately going to deliver . Like the markets, i think the consumer is probably having to balance those factors out. Kailey i want to point out housing data as well. The Housing Market has been particularly strong. That does continue. A pace of 909,000, versus the estimate of 975,000. We are getting october personal spending data, and for more on that as Bloomberg International economics and policy correspondent Michael Mckee to break it all down for us. Michael michael it is may the most important number of a lot of numb
Dow 30,000. 2009,were you march 10 of while you were up 16 per year on the dow . Spx i believe better as well. There have been reasons along the way to go to cash, and yet here we are with solid doubledigit returns across 13 years. Jonathan and some houses got it right. One of those houses, Morgan Stanley. It was really uncomfortable to make the call coming out of march 2 remain committed to the recovery in the u. S. Economy. It took some real confidence, and one thing that has frustrated me over the last couple of months is every time someone says the easy money has been made. There was nothing easy about going long in early april during lockdown. Lets be clear about that. We are going to keep this short with mr. Wilkinson keep wilsonort to get mr. Of Morgan Stanley, but we are not even seeing the version of those trends, are we . Jonathan not yet. Bank of america proposes holding the bonus pool flat for traders, this on a year where in the first of nine months, revenues or bank of am