We have two huge interviews this hour first stephen ross of related company is a Real Estate Firm of 60 billion in properties. Hell tell us why he thinks Corporate America is entering into a cost cutting spiral thats what hes doing and hes seeing it elsewhere. Power lunch starts right now welcome opini lets take a quick check on the markets. The dough is up. The s p 500 is within striking distance of an all time high amazon and netflix all flat before the session financials and Energy Stocks both up more than 2 right now as that reopening rally seems to be broadening out. Tyler. Thaunk you very much the other group out performing today is boeing and the airlines boeing, united airlines, american, jet blue, southwest all jumping higher as the reopening rally gains steam. Phil has more on the moves in those sectors. High, phil its all about optimism its not looking at the near term which is ugly and how ugly is it. Take a look at the july order and delivery numbers from boeing this is no
Within minority communities toward the medical industry. Thank you to all of our witnesses and, of course, my colleagues for joining us. Todays reading is about the extraordinary effort underway to develop a vaccine to prevent covid19, safe and effective vaccine could hasten the end to this disastrous pandemic. But the herd immunity that would in covid19 once and for all requires all of us, all of us to get vaccinated. For that we need public trust in this entire vaccine project. Around the globe nearly 200 vaccine candidates are being developed and over 20 have entered human Clinical Trials. In the United States, five entered human Clinical Trials with large Clinical Trials that begins later this month. With a historic all hands on deck effort underway around the globe, the timeline to develop a vaccine may be compressed from several years down to just 12 or 18 months. However, moving with this amazing speedos not and must not allow for getting any corners. Today we will how we must p
Investors are increasingly pinning their hopes to a virus recovery on the vaccine so modernas news is helping the market this monday morning. And its own stock, of course. The dow industrials, probably going to go up a few points, maybe 70. S p up about 12. The nasdaq, up 85 points. Green this monday morning. Next headline, gold. The price is now at an alltime high, closing in on 2,000 an ounce. A weak dollar plus the fear of a postvirus bout of inflation, plus the u. S. china escalation, all pushing the price to, what, 1956 per ounce as of right now. Were expecting the republicans to detail their trillion dollar stimulus plan perhaps today. 1200 checks, Liability Protection for business extended but reduced emergency unemployment bonuses. Larry kudlow on that later on todays program right here. Now, look at big tech. Top executives from four of them virtually testify to Congress Later this week. This is important. What are we going to do with the crown jewels of americas business . Ta
It represents commerce, navigation, all of the things that San Francisco is famous for. The wood you see in the board of supervisors chambers is oak and all hand carved on site. Interesting thing about the oak is there isnt anymore in the entire world. The floors in china was cleard and never replanted. If you look up at the seceiling you would believe thats hand kof carved out of wood and it is a cast plaster sealing and the only spanish design in an arts building. There are no records about how many people worked on this building. The workman who worked on this building did not all speak the same language. And what happened was the person working next to the other person respected a skill a skill that was so wonderful that we have this masterpiece to show the world today. [roll call] item number two, pledge of allegiance. Item number three, approval of minutes for the june 9, 2020 Port Commission meeting. So moved. Second. All in favor. Aye. Sorry, roll call vote. [roll call] thank y
Im hopeful for the future. These months of Public Health crises and social unrest has shown us that when we come together, we can have the hard conversations and make the tough choices to do what needs to be done. Not just save lives but to address systemic racism head on and change society as we know it. I know today is about our budget and our path forward. As we step into the future, one that im hopeful for, is important we take a moment to recognize where weve come from. At the beginning of this year, we were living in a different world. Our Unemployment Rate was at a historic low. Tourism was at alltime high. Hotels were full, we had all plans to shape the future of this city we all love. I know i have plans to address homelessness and housing, to reimagine our Mental Health system, to improve transportation and make our streets safer and build a more equitable city. To lift up those who too often are left behind. Like i said, we had lot of plans. What we didnt have plans for was