Verge of another 40 move higher. Goldman sachs says yes and well explain the math that has them so bullish. But we start off with the markets. The dow and s p with strong gains. Soaring 247 points after a rate hike is a real possibility for december. So did the fed flash the buy sign for stocks and what should you be doing with your money right now, pete, what do you say. On monday weigh talked we talked about this. I said look at the way the financials traded. They were higher in the session and as we got into the afternoon we saw the minutes come out and talking about whether or not it was appropriate, it sounds like they said it is appropriate for a hike. Then you look at the financials, the way they took off. But technology was strong all day. I know it was apple and that was because of Goldman Sachs putting it on the conviction buy list. But you look at technology, it was microsoft and cisco. Then look at amazon. Names all over the place in the tech world moving to the upside. So
Second to approve the item. Lets do a roll call vote. Vice president mar. Yes. Commissioner lee . Yes. Commissioner melgar. Yes. Commissioner mccray. Yes. Commissioner walker. No. That motion carries, 4 to 1. Item 6,discussion and possible action regarding an ordinance amending the Building Code to authorize use of the repair and Demolition Fund specified in Building Code, section 102a. 13, to address costs associated with private Property Owner responsibility to stabilize telegraph hill, as part of the rock slope improvement project, and affirming the Planning Departments determination under the California Environmental quality act. Good morning, this is the last piece of legislation that was submitted with the budget. And the repairing Demolition Fund as i mentioned during the presentation, is used to address unsafe situations, or emergency situations. Currently that fund has a little over 1 and a quarter Million Dollars in it and the budget does propose to add about 5 Million Dollar
Statement this day after we had a shortterm budget deal. Also earnings trickling out this morning. Mens wearhouse after the bell. Bank. To buy jos. A. Iplon, big news of the day, supposed to be a record ipo or a lodging company. This is not another deal. This is in some way a top of the market deal. Terrific research on this. We will have it all day on Bloomberg Television. I got goosebumps. Almost like 2005 all over again. And is it a problem . Groupl ask a gas from isi and we will talk also to bob nardelli. Why it markets today. Looking at stocks, bonds, currencies, commodities. Boring. The euro, 1. 3764. Crude, 98. 56. Our next board, a little bit of foreign exchange. Under markets, back 16,000. The dollar gives way. The blended basket of our traditional trading partners. Under 80 is a big heal. Finally the dollar weakens and gold is a bit of a rally. The last threed days. The morning papers in the web as well. Heres scarlet fu. It turns out you can cut a bipartisan deal in washingt
The president halting funding to the who over alleged cover of the coronavirus as the who faces allegations of trafficking cuban doctors into oppressive conditions around the globe. Floridas attorney general is live on this in minutes. Welcome to fox news at night. Lets get the latest on the Coronavirus Task force from kevin cork. It was a bold proclamation by the president that did raise some eyebrows but also hopes at least among some the new numbers from the administration of the pandemic and its impact the suggesting now is the time to reignite the economy. The data suggest nationwide we have passed the peak on new cases, these encouraging developments have put us in a strong position to finalize guidelines for states are reopening the country. Along with other nations, we are working with other nations, we will be the comeback kids, all of us. Just how soon a comeback good or even should happen is still up for debate. The president noted there are dozens of states with low infecti
1 15. Up until then from this mornings washington journal, senator sanders from vermont. Host senator bernie sanders, senator from vermont, here. Thank you for being here. You served on the Budget Committee. We saw senator patty murray, the chairman, introduce her budget plan. Heres the headline in the Washington Times there are no sacred cows that calls for 1 trillion in new taxes. Whats your takeaway . Guest well, what it does is also call for substantial cuts, but it deals with deficit reduction in a balanced way. What the republicans want to do is do deficit reduction simply by cutting, cutting, cutting. Doing away with medicare as we know it. Right now converting that into a voucher system which we very, very onerous for senior citizens, making devastating cuts in medicaid which means that millions of millions of American People and kids will lose their Health Insurance. Massive cuts in education, in nutrition. Basically every program that in the middle of a terrible recession wor