Police, fire, road maintenance, parking enforcement. The measure would be the first expansion in decades and also tax revenues from third party proposition players the help card rooms operate. I was the ideal cut. Mayor sam liccardo is against measure h because of potential social impact. Child neglect, domestic violence, social sciences seems to be directly linked to gambling activity and gambling addiction. City could increase taxes on casinos without expanding the number of tables. A spokesman said the casino supports the measure quote we believe nobody enjoys seeing taxes go up. That said we needed extra table for a long time. San jose police have close oversight of casinos and if san jose does not expand gamblers will simply go somewhere else. Im wondering, 2020 such a weird year, pandemic, city budget cuts, all that stuff how has that played into putting this measure on the ballot . Make a good. Because it has been a tough budget year in san jose. The city in fact cutting 120 mil
Amazon also boosting, well, going up, of course, and apple, man, youve seen them both over the last day and this morning perhaps no exception, later today, we get the apple phones, prime day has kicked off, carl it is a big day. And as it was for yesterday, in terms of the stocks. Indeed, were within 2 of all time highs on the s p, trying to get back to the september highs, jim but i wonder if you think the lead this morning are these loss provisions at jpmorgan. I am surprised positively i think what has happened is people arent spending, not borrowing, credit card losses, fine Small Business loans, i dont know where the people are that theyre not suffering. This is it is not a happy maybe jpmorgan is lending better i will say this, david noticed this, there will be a call that goes on, simultaneously when we talk about it, and that call is going to take the wind out of our sails, david, if we Say Something really positive because there will be one comment and some comment that comes
Johnson forced onto the defensive as the debate turns its attention to the National Health service. Manus a very good morning to you. Definedl about the jgb the gravitational pull to the downside. Waiting on at zero, the option results to come through. Much biggera question about the stock of negative debt. Will that diminish 20. Good morning. Nejra good morning. That is a great question. It seems to be driven about what is going on globally. The prospect on the optimism of some sort of resolution to china trade. Something the move to the upside is going to be limited because where we are now is going to pull the japanese buyers back into the market. Manus absolutely. Lets look at the jgb performance. You have the 234 billion dollars stimulus coming into the market from the japanese government. Level way growth above what the market had anticipated. For the firstero time since march. Blackrock. I like a bit of dr. Copper. You know what i saw . I cant tie that together with a sub 6 grow
Travelers. Biogen, set to seek Regulatory Approval for a treatment for alzheimers for early next year. U. P. S. Shares sinking ahead of the open, despite a pretty nice ecommerce boost to profit. The ceo will join us later this hour. The ceo of verizon as well will be here at post nine in a few minutes. An interesting announcement, another guest as well, but i guess it is a mystery. Well wait to solve it in a few minutes. Lets start with earnings, dive right in. Tale two of dow components, p g up, quarterly beat helped by Strong Demand by premium Beauty Brands and mcdonalds falling on an earnings miss as growth on us comps came in below forecast u. S. Mcdonalds 4. 8, looking for 5. 2. Jpmorgan told us the quarter would run light. Im glad you messengered that a lot of people are saying this is a big surprise, a negative surprise if you listen to what jpmorgan said, you would have been ready for exactly this number, which basically to me says not as bad as feared. 5. 9 , thats a number th
Are open to a partial trade deal plus the 8 billion surprise Johnson Johnson slapped with a massive jury award over an antipsychotic drug. Apple is facing criticism from china at issue, a third party Smartphone App that allows hong kong activists to track the movement of police first up, stocks looking to recoup losses from the selloff yesterday. U. S. China trade talks one day away wall street is also waiting the afternoon release of the minutes from last months fed meeting where well look for clarity or any kind of color on discussions about Balance Sheet or where rates may go from here. Terrible close. It was. It was ugly. A give up type move. Interesting actually daily path that the market took selling off in the morning and right ahead of the jay powell speech, the european markets closed, starts to trend upward, seems like it is going to find its footing, and then the kind of announcement of u. S. Visa restrictions on certain chinese nationals that basically people said, okay thi