Foundation. This is a little more than an hour. Mr. Clinton thank yall for joining us for the second edition of building an inclusive recovery. I hope wherever you are tuning in from, you are staying healthy and safe. I would like to begin by expressing my gratitude to our sponsors for this session. I want to thank those who have made action. I hope all of you will think about specific ways you and your organizations can make a difference or partner with others to increase your impact. Our topic today, the housing crisis, has plagued america long before covid19. Now, it is even more urgent. Especially in dense urban areas. Without enough Affordable Housing, they face new challenges from Economic Impacts of the pandemics. Home ownership has long been recognized as one of the most effective and Proven Solutions to Building Wealth and Financial Stability in america. Even before the pandemic, homeownership rates for black americans were at an alltime low. Latino homeownership is the Fastes
At can send us a text 202 7488003. If you do please include your name and where you are from, otherwise catch up on social cspanwj and on facebook. Happy thanksgiving to you and your family. You can start calling in now. One statistic down how americans are spending their thanksgiving. Only 27 plan to have the traditional thanksgiving meal with people outside of their household. The New York Times with a map trying to break down that data from a survey of some 150,000 americans. That map showing the share of people eating thanksgiving dinner with people outside their homes the darker the color shading. As the map illustrates there is a substantial regional variation with some people much more likely together with others. 14 ofs of vermont, only households will be celebrating with people outside their household. In parts of missouri, more than half of the residents plan to. We ask you this morning about thanksgiving 2020. What you celebrating, what are you thankful for, some responses a
Index, just marginally down. The real story has been the bounceback after last weeks fall for bitcoin, approaching record highs. 19,595. 1. 1 to the upside. Drivings within opec that crude oil price down. Lets look at what is going on in the emerging market context. Asian markets are bouncing back nicely after yesterdays big move to the downside. What has been responsible for this change in mood . , onethink first of all should partly see yesterdays price action as an anomaly. I think the Way Investors are now returning to the positive things like easy fed policy, Global Economic recovery, which was confirmed by asian pmis and the index that just came out, and optimism about vaccines. Juliette and your team has written a piece on the e. M. Currency outlook for 2021. It reads quite positively. What is the basis for all that optimism . Maybe there are three reasons. First, valuation. We believe that emfx is undervalued and conditions should be conducive to pushing them into overvalued te
The headline number, 57. 5, down from 59. 3. This is a very elevated number by historical standards still, but there are signs of some weakness creeping into those figures. It was unlikely they would remain as high as they did. The survey number was 58. We come through with a headline number of 57. 5. Prices paid a little light as well. The employment number has dropped quite significantly. This may be something you want to Pay Attention to. Remember, we are waiting for the payrolls number friday. 48. 4 is where we are coming through their. Construction spending month on month, 1. 3 . Lets break it all down. Lets get some details. Mike mckee come over to you. Michael you gave us most of the details there that matter, especially that employment number. That has been concerning people in the markets. We have seen a slowdown in the economy reflected in the topdown numbers, although manufacturing has been the source of strength in most economies around the world since the depth of the covi
Even though the gains have been so big, up until now it doesnt mean you should bail out and not get in on the game. I do wonder, jon, especially if we dont get a fiscal support package, especially if we do get increased deterioration in the economic data, i do wonder if well see a change in sentiment. Jonathan what if we get more restrictions . California, the governor, mr. Newsome had this to say yesterday. If these trends continue well have to take much more dramatic, arguably drastic action. If hes implying they might have to have a shelter in place order like back in spring or a flavor version of that, how do we get through that if we dont have the fiscal hand down from d. C. . Thats the question going into december and 2021 . Lisa the markets have shrugged this off completely. The deterioration some of the High Frequency data. If you want to look at the v shape recovery check out manufacturing which brings us to what we are looking at today. U. S. Manufacturing data, construction,