Good morning to you. Morning clouds, evening clouds, mild afternoons. For most, is going be great. It will be a little cool on the coast for the Fireworks Show tonight, San Francisco and berkeley at risk of having low clouds and fog. First things first, the numbers outside right now under partly cloudy, partly sunny conditions, San Francisco 54 degrees, santa rosa 56, low 60s in oakland, livermore and san jose havent changed a whole lot. The winds are onshore and will remain on shore along the coastline. Some of the cloud cover there along the coast has works its way across the bay. Lets look at areas, partly cloudy skies run santa rosa towards napa, vallejo, i80, that stretch between vallejo and fairfield, you can find cloud cover, to the east bay, we have the shore covered through richmond through fremont. And over towards the east bay, 586 at the interchange, we have cloud cover, pleasanton looks like theres a little cloud cover and it is just south of san ramon. The wins on short f
Consistently speaking throughout this nation, one of the fastest ways forward is in fact education. Your comment do you disagree with that . I totally agree with that the comment with senator cotton is a part of the challenge we had with upward mobility in our society that put the focus on education is the importance of understanding globalization and technology and the chasm that it creates for the workforce for those on one side are going to be impacted by the grow iing technology and gap being created. This economy requires a different type of education. It may not be the formal education we are all used to in the figures i talked about from the High School Dropout to the person with an advanced degree that still works in addition that one, the reason why myself and cory booker and others focussed on apprenticeships is because our nation speaking of someplace like germany, we are woefully behind on using apprenticeships of using a mechanism or vehicle to help folk who is may not wan
Across the nation one of the fastest ways forward is education. I totally agree with that. Your comment with senator cotton got my attention. A part of the challenge we have with upward mobility in our society, which put the focus on education, is the importance of understanding globalization in technology and the chasm it creates in our workforce for those on one side who will be detrimentally impacted by this growing technology and technological gap that is being created. This gig economy requires a different type of education. It may not be the formal education we are used to in those figures i talked about from the High School Dropout to the person with an advanced degree. That still works. , one of theto that reasons why myself and cory booker have focused on apprenticeships is because our nation, compared to places like germany, we are woefully behind on using apprenticeships as a vehicle to help those folks who may not want the for your track to still achieve the type of track t
Good afternoon if you are watching in asia. There is a risk on mood in markets and looking at the stocks europe 600 gaining. 2 . Treasury gold and yen extending some losses. Eurodollar 113. 69. The u. S. 10 year yield with a bold call from Goldman Sachs. A lot more to say about the 10 year yield talking about centralbank dovishness around the world and some of the Economic Data coming out the next couple of weeks. Also up, we speak to david from Harris Associates, the chief Investment Officer for international equities. We will talk about commodity stocks. That conversation in around an hour but first, lets get the bloomberg first word news in new york city with Viviana Hurtado. Goldman sachs joining j. P. Morgan in slashing forecasts for u. S. Yields. The lender now sees the 10 year years and the carried that is down from the two point a projection as recently as last sunday. The new figures price index that patient of the prolonged trade war and a dovish shift by key Central Banks. T
On employment rate remains low at 3. 7 percent. As of june according to the bureau of labor statistics. We just had continued rising as well. With average Hourly Earnings 3. 1 higher in june compared to a year earlier. It is the 11th straight month in which wage growth exceeded 3 . In fact the u. S. Is officially in its longest suspension of Economic Growth since 1854. In order to continue this positive economic trajectory they must continually evaluate their regulatory and super very activity. To ensure broad access to a wide variety of Financial Products and services. With respect to regulation and supervision it has been over a year since the enactment of s2155. The Economic Growth wreck regulatory relief. As you move forward in finalizing certain rules required under s2155 and consider proposing new ones consider you to consider the following. Simplify capital rules for smaller Financial Institutions. While ensuring the maintain significant capital. Simplifying the vocal rule which