Im keeping this brief and to the point. Local leaders have been sounding at definite alarm for months about the need for direct fiscal assistance from washington as the virus rages in our city. Our budgets are under extreme stress. Arts fences are skyrocketing. Our essential lifesaving services are strained. The need for public assistance is through the roof. This has been going on since the beginning of the pandemic since march of last year. Today, only 38 cities have received direct relief yet mayors everywhere continue to do what we do everyday. We get it done. We run our cities with a balanced budget which we are required to do by law. So what does that mean . How do we possibly do that in the face of this tremendous crisis . It means the cut jobs. It means eliminating services and staff at the same time. Our First Responders have been on the job since day one of this pandemic transporting those with covid to hospitals with Public Health initiatives keeping social and family order
I want to thank her for an sent the National League of cities in the National Association of counties for their sheer dedication to this issue on badly needed federal assistance as we continue to fight the covid19 pandemic. A quick note for members of the press joining us today, we will take questions after brief opening remarks. If you have a question, please put your name and media outlet in the chat and well call on you. Im keeping this brief and to the point. Im keeping this brief and to the point. Local leaders have been sounding at definite alarm for months about the need for direct fiscal assistance from washington as the virus rages in our city. Fences are skyrocketing. Our essential lifesaving services are strained. The need for public assistance is through the roof. This has been going on since the beginning of the pandemic since march of last year. Today, only 38 cities have received direct relief yet mayors everywhere continue to do what we do everyday. We get it done. We r
Tuscany. Off, somewhere outside toledo. So Francine Lacqua joins us. That is not toledo, spain. Outside toledo, ohio somewhere. I want to get to the data in a moment, with markets moving. Futures 21. I would say this has really this is really jump circuit by the french pmi numbers. Why was this a surprise . Francine i was reading the breakdown. The sharp slowdown is basically driven by services. It shows that the escape from recession wont be flailing like some economists thought. Guess it is partly seasonal i would also point to the fact that infections are rising quite significantly, especially in france, germany, and other countries. Leaders are saying they dont want to go back into lockdown, especially when you look at these pretty terrible numbers in terms of many factoring pmi, but also services pmi. It might also be difficult not to preimpose measures if the number of people getting infected does rise. So it will be a complicated quarter going into the winter months. Tom a massi
Southwest, at t, dow and Union Pacific this morning, jim, the hard thing today, jim, is going to know where to start. Yeah, i mean, look, i think last night the news flow was, as you said yesterday, heavily weighted toward microsoft which people regarded as disappointment i think that disappointment is not having the greatest quarter in the world, lets just say that today i think that the focus is whats going to happen when these benefits end and which companies are going to be able to continue to deliver the numbers. For instance, chipotle had a great number, will that be impacted whirlpool had a great number last night will that be impact snd what are we going to see with southwest air we had a fantastic interview with american and then secretary mnuchin i felt once again sounds like theres some room to get a deal done. We need a deal or else were going to find ourselves with a consumer who is too strapped and i think that thats what im looking at for next week and then of course im