Certainly through the channel i mentioned. Thank you. Thanks for taking my question. Chairman powell, [ inaudible ] to the policy framework, is the fed open to other measures of the economy such as income inequality and affordability of housing . So we monitor everything we think is important in the u. S. Economy and in a broad sense, all of it goes into thinking about Monetary Policy. You mentioned inequality. You know, disparities in income and in Financial Wellbeing by various demographic and racial categories, something we monitor carefully, inequality which i would point to its a multifaceted thing but i would point to the relative stagnation of incomes for people at the lower end of the income spectrum and also lower mobility. So those are things that hold back our economy. They are. The thing is, we dont really have the tools to address those. We have Interest Rates and Bank Supervision and Financial Stability policy and things like that, but we cant get at those things through
Sector trading higher and you also have the tech sector higher , both up more than 1 . You want to see those financials and Industrial Companies take the lead and that is exactly what is happening today. Another way of looking at that is the reopening trade is doing well, even as this years defense is holding its own. David the one thing that does not move at all our bonds. It seems like the fed has nailed those to the floor. Abigail it is amazing that we have had bonds trading in this range. It does feel that the fed they have even said they have nailed them to the floor until 2023 unless there is a risk off scenario that would cause a bid to bonds, which would mean yields would fall lower. You may see yields hang out in place. It is interesting, your point is proven today because you have the major averages up more than 1 , up for a third day in a row and yet bonds are basically flat. On a day like today you would want to see bonds selloff. That could also signal anxiety around the d
Does not end. Plus the secret of Silicon Valley company palantir will become the latest unicorn to go public this week. We will find out why 2020 is shaping up to be a banner year for new listings and thats despite the coronavirus pandemic. And tomorrow, the first president ial debate of the 2020 campaign. The fox bet ceo here to tell us how you can cash in on the political faceoff between President Trump and joe biden. Less than an hour to the closing bell, im Cheryl Casone in for liz claman. Lets start the claman countdown. Cheryl we start with Virgin Galactic reaching for the stars after two bullish calls. Bank of America Global Research initiated the Space Tourism firm with a buy and streethigh price target of 35 bucks. The stock is up more than 23 right now. Susquehanna with a positive rating. Definitely a stock to watch. From space to the air, Airline Stocks taking flight after American Airlines said it secured a 5. 5 billion government loan and it could tap an additional 2 billi
Anchor Spencer Christian to find out how much longer these dangerous air conditions are going to last, spencer. Youre right, the conditions are dangerous. Let me give you a look at air quality a rnld the bay area. You can see these red dots indicating unhealthy air. A few yellows near the north coast there, to the central part of the bay area, San Francisco, free month, concord, livermore, san jose to the south bay all have poor air quality, including locations in the santa cruz mountains. Now, we have surface wind right now thats blowing on shore. That will slowly push some of the smoke and the pollutants eastward. Its not going to happen overnight. As we look at the smoke forecast, you can see over the next two days tomorrow and into wednesday, well see the reds and purples pushing to the east and some cleaner air coming in. There will be some improvement. The problem is, working offshore, theres another plume of smokefilled air coming our way. Two more xiconsecutive spare th air day
Area . Yeah, we have a couple weather systems moving by tha i clearing. Were still looking at the storm system approaching from the north and some tropical moisture moving in to our south from much of Central California and over to the sierra. Were watching that a little bit closer to home starting out with clouds this morning. This is helping to keep the smoke clear. Things will change this weekend. More on that coming up in just a few minutes. Mike, how is it looking for the Early Morning commuters . Well, kari, we have what weve had all week, slowing on the nimitz, northbound 880 to 29th. Sometimes its the southbound side. What im more concerned about is a crash thats happened over the last 45 minutes, south 880 and dakota a crash near the transition on southbound 880 from the city streets and no slowing. Well check that but no major injuries reported yet. Back to you. Thank you very much. New overnight firefighters stilt capital expressway near san jose. You can see the fire theyre