The start of a brandnew work week. Rinse and repeat i like to say. Looking at the open as to where. Im assuming you spent a lot of time in your backyard or front yard during the weekend just we will have more warm weather for the next couple of days but then there is the weather change in store. Of thank you for joining us here on the nine. I was thinking about what i miss most about work. We talked with steve about it and it is the daily interaction of seeing you guys not just in the and studio but in our Little Kitchen and its kind of like a interaction that brings us closer. Mike, i know we sit close in the newsroom and what do you miss about being in the office . Is the interaction and not only with you and sal but everyone behind the scenes. Over the years and at least 15 years or more in, we get to know each others families and stories and so forth so i definitely miss all the interaction. And annas office way, selfish way, its the driving to work with the alone time. And sal, as
Highyield credit another risk asset down for a second week in a row. A cautious tone. We have been in this big rally. Some might be nervous whether or not it lasts. We are coming to the close of a rough week, particularly for oil. What is going on with Energy Stocks . Abigail it is interesting because on the week energy is the only up sector, up 1. 1 , even though oil is down 33 . Connect bit of a dip some of the investors bottom fishing. When you look at the s p 500 on the week, it is a bad week. The worst week in about five weeks, down 2. 7 . Inflection points sometimes happen very slowly, but it will be important to see what next week brings. If we have another down week, that could suggest a whipsaw in emerging range. Next week we will get a look at earnings from Big Companies such as apple, alphabet, amazon, microsoft. It could be an important earnings week along with the macro we have been paying attention to. Investors seem a little bit cautious. David all of the tech guys. Than
On this, and take the oil and find a place to ship it. That is proving to be a real conundrum for these markets here. There is a company, variety of companies that do this for a living including one called valpak. It has storage barrel systems i dont know what you call it all over the world, include places in singapore, rotterdam, theyre essentially saying there is no room at the inn. Weve run out of space for the space people are looking. Sort of a doubleedged sword here. The fears in the market they have not gone away. At love oil suppliers, their concerns have not gone away. A lot of wildcatters, smaller businesses if you take exxonmobils and chevrons out of this, to lesser extent occidentals host of others theyre still feeling the pinch. Not as much as you would think. Off lows early this morning but still down appreciably. So well be looking at the forward month contract where june is the most heavily traded at the moment. So we will keep an eye on that but we will also keep an ey
While taking his first steps out of the hospital. Its the end of a long fought battle with covid19. More than 30 days away from his family, he is now back home in daly city. Getting a heros welcome. A day made it his own. Its can paul loo day lius wife caress of receiving a proclamation from San Mateo County supervisor david kind of a chorus is strength and passion as described by her husband is what has been keeping him alive is impossible to describe it to put the word. The pain honestly, the shock. The uncertainty clarissa was not sure if this day would come fearing the worst can called her from the hospital last month and said babe dont let me die at that it was a bit of a shock and if they hear him say they dont let me die because you never expect when you leave your husband at a hospital that youre not been that theres a potential that you may never see him again. The will to live driving the diabetic 38 yearold father of 2 to beat the odds today is a day of celebration. Today is
Correspondent Natalie Mcgill will talk about some mind blowing old news from Medieval Times the era the eatery then i will go into how big businesses are taking Small Business support good news for people who like breathing and how the virus is remaking the College Process College Education process but 1st lets go to that interview between we camp and d. J. For sure thank you so much really there. Im a big fan of your writing you wrote an excellent article recently in which you said during a pandemic the private sector austerity model has fallen apart weve seen such a tremendous collapse of the capitalist state institutions that are supposed to help people during a crisis the guidelines for what to do have been all over the place the medical gear is not available the hospitals are overwhelmed that the test still arent widely available in the u. S. Can you talk about why it is that our institutions have failed us so it thoroughly. You see you. Really. Should. Reply did it or government