Then now theyre at the point where they have no option but to keep selling worthless u. S. Government Treasury Bonds and then of course having to print more and more fee out money worthless paper money to buy back their own worthless Treasury Bonds in this vicious cycle of just of self destruction and i read an interesting quote about empires empires never really die from without they always die from suicide and i think thats pretty much the us treasury market and the us well the Founding Fathers indeed indeed did say that he believed was Thomas Jefferson who said that america would never ever be destroyed from abroad but from internally one thing that was established in the constitution speaking of the Founding Fathers before their totally memory hold were not really are going to be allowed to remember them but at the moment were see we still remember what have. And with the founding of the nation and that we had the freedom of speech freedom of Association Freedom of Assembly Freedom
Onwelcome all of you Bloomberg Radio across this nation and bloomberg television. Extraordinary Market Action yesterday, truly historic. We will get to that in just a moment with someone who has a wonderful test but a wonderful tapestry of the history of the market. First weve got to get to the news flow. Are we still doing election 2020, or have we moved on from that . Jonathan i think it may come back on the agenda, but today is as yesterday once again, just a little flavor of mondays price action. You will find it in names like amc entertainment, and the airlines. You will find it at the index level. The relative performance of the russell versus the nasdaq continues. You could drive a truck through it this morning. Russell futures are up by about 1. 6 . Nasdaq futures are negative on the session. Cyclicality starting to come back into this market. Youve got to ask yourself where the risk is in this market, and the risk for many people in this market is where people thought was safe
Of those gusts as we get into wednesday afternoon over 30 Miles Per Hour. Its going to strengthen after that i think Even Stronger as we head into thursday, you can see in the Morning Hours you start to see some of that purple or that you should begin to show up on the map here. Those are winds gusting over 40 Miles Per Hour. This mainly in the north bay, but certainly those possibilities from the strong gusty winds also in the east bay of the oakland hills, the diablo range also into the Santa Cruz Mountains so that will continue probably not only in wednesday and thursday but maybe all the way into friday morning as well seeing that high fire danger with those offshore winds of course everything extremely dry out there right now humidity is going to come way down fire weather watch has now been posted across much of the bay area above a 1000 feet in moran because the napa sonoma marin county salon also contra costa yet contra costa also alameda and also santa cruz counties going to s
Money to offset billions in budget cuts the state budget includes more than 11 billion. In cuts and deferrals those cuts were made to colleges court state worker pay and more those cuts could vanish if the federal government the state more money by thursday. The pair bay area cities among those topping list for businesses that had to close during the pandemic that is according to a new study from yelp which also says california is the hardest hit state in the u. S. With more than 19,000 permanent closures. For closures for every 1000 businesses, San Francisco took the second spot with san jose 5th among us metro regions again thats according to yelp some industries have fared better than others yelp says restaurants have been hit the hardest followed closely by shopping and retail. The u. S. Could see 20,000 more covid deaths by the end of october that stark warning today coming from a former cdc director doctor tom frieden says that this projection is based on the number of infections
The shock of the president s tweet, after down 600 points on the dow, there were two followon tweets. Adjust too amend and the specificity of what he desires versus the senate. They want nothing, Senate Republicans, and Speaker Pelosi wants more omnibus legislation. Jonathan speaker mcconnell got on the phone to the president said that pelosi was leading them along, and that anything they agreed on would not pass in the senate. That is the story. The distance between mnuchin and Senate Republicans was bigger than the distance between mnuchin and house democrats. Those two tweets overnight, lets go through both of them. The idea that he agrees with chairman powell, sure. That is political posturing. The checks for everyday americans, that was in the skinny bill republicans produced in the senate that went nowhere a month ago. We are at square one, and we never really left. Tom at the bottom of the hour, Rudy Giuliani is joining us, a ille confidant of an president. The 30 year bond gets