Ed, welcome back. Thank you very much youve been bullish for a while and now youre acting on it why was now the time i had concerns that the market would have some concerns about the pandemic, that we did obviously see somes increase in the outbreaks down in the sunbelt, but the market the tenyear has been below 1 you know, there is no alternative, probably never been more relevant than it has been since the fed adopted what i call qeforever on march 23rd. You have what you call a meltup in the market, but you say as you have more of this melt up, you increase the risk of a meltdown. How does that factor into your broader view well, you know, its one thing to be bullish, but at the same time you have to be aware of where the down side risks are. To the extent that the market has a melt up, it puts more air between stock prices and earnings in other words, the valuation multiple has been on fire. We had a p. E. Led meltup from 4. 9 on a forward p. E. Basis on march 23rd now were over 22
Probably the second or third day of training and basically we had an outline of what we were doing and none of it was business it was graphic violent, hate speech, sexual solicitation, sexual exploy takeitation that f stuff. Im sorry. Thats okay i just think about all the animals all the time so im supposed to go talk to this counselor about the 500 videos ive looked at today in nine minutes, and im supposed to be okay it doesnt make any sense. A spokesperson for facebook tells cnbc we work with our content review partners to provide a level of support and compensation that leads the industry there will inevitably be employee challenges or dissatisfaction that call our commitment to this work and our partners employees into question when the circumstances warrant action on the part of management we make sure it happens. We heard from the contractor cognizant which runs the facility, saying cognizant strives to create a safe and empowering workplace for its more than 40,000 employees in
About immigration, jana. Reporter ken, the District Attorneys Office says that Lopez Sanchez is expected to appear before a judge at 1 30 tomorrow here at the hall of justice as you mentioned this is really sparking a debate on immigration that goes not just from San Francisco city hall but all the way to the white house. The victims family says 45 yearold Juan Francisco Lopez Sanchez told investigators after the shooting that the it was an accident. That he was trying to shoot a seal. Today people gathered at the site for a mourning prayer vigil. We went to give our condolences to the family and assured them our church was praying for them. Reporter today mayor lee fired back with this statement. San francisco sanctuary policy protecting residents and is not intended to protect repeat criminals. San franciscos law gives the sheriff discretion and compliance with i. C. E. Requests. He was released from jail march 27th after a marijuana charge was dismissed. The attorney for the family
Warm welcome to Worldwide Exchange. Im wilfred frost at cnbc hq im safer sar a eisen in washington today were always here when finance ministers from around the globe descend on washington. This time its unusual 2017 for the first year since before the economic crisis and financial crisis is a year of synchronized Global Growth european debt crisis, fiscal cliffs, all sorts of uncertainties in the u. S forget it. This year the Global Economy is in expansion mode together, its not just certain economies were relying on the question is how fragile is that how sustainable is that . How can policymakers take the opportunity to put in place policies that will sustain it. Policies like tax reform front and center in washington for the u. S. One other common theme, apart from the uk, is the lack of inflation. Im sure thats a topic that will come up i thought we would get a catchup first i only see you by video link these days its a busy week for me the p g proxy vote in since nat tichlt ill c
I showed just before the commercial, a couple cars waiting on the side. There was not a problem that happens before 5 00. They are waiting for the metering pricing to change. Thats a nono. Never pull over unless theres an emergency in the area. To the map, a smooth drive. No one pulling over in the maze or out of the north bay. Thats great news. A smooth flow of traffic. The overnight rains and slick roadways. Be careful, grease and oil may be on the road. So far, traffic flows smoothly. Back to you. Thank you, mike. New this morning, video from the north bay showing the much needed rain falling in santa rosa. Bay area firefighters have been waiting for this wet weather since the fires started. Wile containment numbers are up, this will give crews a bigger upper hand in fighting the flames. 42 people died. Thousands of buildings destroyed since the fire started last week. To the north bay, the rain is helping fire crews further south. The bear fire is still burning in the Santa Cruz Mo