Get started let me center best wishes for a speedy recovery to President Trump, the first lady, as well as all the officials who work closely with the president. One month out from november 3 americans across the country have already started voting in the most important president ial election in a generation. President elect joe biden for reelected President Donald Trump will face a double digit unemployment situation and a global pandemic, a reckoning on racial inequality and a divided nation. The one institution that could help address these problems is the federal government. The federal government needs to be effective if it will deliver for the American People. That is why preparation and planning today is critical for effectiveness on january 20. Regardless of your wins a smooth transition this year is not enough in this year we need the best transition ever in american history. Should Vice President biden win the challenges are truly daunting. In normal times a new president fac
Successor to Ruth Bader Ginsburg this week. The democrats say there is no rush and any decision to wait for the election. Scott larson says he expects a jobs bounceback in australia has covid19 infection start to ease. We will expect the likelihood that victoria reports lower new cases. U. S. Futures under pressure now, down. 2 at the open. This after recite u. S. Stocks falling to a sixweek low last week, the tech selloff intensifies. The s p 500 lost ground for a third consecutive session. Nasdaq flat at the moment after the nasdaq 100 closed below its 50 day moving average. Pressure,crude under after oil has its best week since june. Warningsaudi arabias to opecplus cheaters and shortsellers which helped opec crisis stage a rally last week. Now under a little bit of pressure above the 40 per barrel level as we continue to see the Dollar Strength and in the last session. We do know the dollar has been under a lot of pressure and it is headed for the weakest quarter in a decade. Lets
Thank you for giving us your time today. Thank you for the Economic Club for paying attention to me. If those dont know your background the 75th postmaster general the first one is behind you, Benjamin Franklin the inventor of the Postal Service. And who are native of new york went to college in florida and then went back to your familys business and bolted up North Carolina one of the larger logistics and you have been very involved in philanthropic activities at Duke University among other places and thank you for giving us your time today. So at the outset, when you agree to become postmaster general is not normally the most famous position i doubt many can name your media processors you are well known did you thank you get this much attention . If i may, when i accepted the role of the situation the Postal Service was in at that time and then to have significant financial consequences at the time. And the issues of running out of cash in september 2020 and having no help insight. B
The fed warnings on risk theres a lot to watch the and an airbnb ipo is now officially in the works. You were just talking about becky about claims and this onagain narrative, the split between Public Companies and smaller businesses. When you keep thinking about what target said, brian with a tour deforce performance, talking about taking 5 billion in share you know he took it from somebody i keep thinking about that, thats the 5 billion that probably would have gotten into Smaller Companies that dont trade or companies that are starting to lay people off or file bankruptcies. The i call to attention estee lauder today you dont expect that perfume or skin care gets hurt. Hopefully lipstick sales are better usually when other things are weaker were not seeing that. Were ripe for stimulus, but nobody is talking. Yeah, jim, thats interesting, estee lauder layoffs, american dropping 15 minutes. But covid cases are lit rally collapsing shouldnt this be going in the other direction . Yes, b
So a lot of people that live here theyve lost their food and they have lost a lot of other things since the blackout but pg e tells me that theyre still looking into this issue whether it was heat related or caused by something else. As many prepared for planned rolling blackouts. When neighborhoods power went out sooner and the rest with no warning it just went out. And then we got a message that said of the power has gone out. And then we got the one that said were doing rolling blackouts but this is not a rolling east at a constant blackout for pan be a saudi in her neighbors on port going drive who say they havent had power since 5. 30 sunday night. Saudi says she received a message from pg and e the crews will be coming out, but still no one has showed up got a message saying. Powers out for 25 homes and crews will come out some time tonight. Nobody came out we havent had any other messages as to whats going on neighbor michael ball lives in one of the 25 homes affected i get so a