Our mothers day micro climate theyre like, mommy forecast. Hey, vianey. Oh, okay, put it on baby shark i dont even know. Good morning. It is a little cloudy just now, im not a mom. I love you all so much, and but, dont worry, we will be youre going to have a fantastic seeing cooler temperatures along with the cloudiness and forecast despite this cloud eventually gradual clearing for cover right now. The afternoon. A live look over san jose. A live look over San Francisco. You can see its pretty cloudy. Now our temperature trend will we have some pretty dense fog in get cooler today. We have a little bit of cooling certain areas including santa yesterday but it will only get rosa down to about five miles in better. Terms of visibility. We have some 80s and we even had were getting some reports of a couple of upper 80s up through that marine layer, solid marine some portions of the interior layer. We are expecting cooler weather valleys. Your temperature trend for this afternoon a little
This is not hitting the economy. The fact that you have Stocks Holding in tells you some traders believe that right now the civil unrest is unlikely to hit the corporate profit outlook we are always talking about. However, if there is an unfortunate effect from covid19 because of the proximity of protesters, that could be in uncertainty. The other Factor Holding stops around flat is the fact we have the financials that move into the cyclical sectors once again happening. The stayathome sector trades off. What is amazing is the 10 year yield had been down a little bit earlier, right now about flat. Investors are not worried about this fundamental picture we are seeing, the social unrest youre talking about. Lets see whether or not that changes. David pick up something you mentioned to me earlier. How much of this is a weakening dollar . Abigail all of this is the dollar. That is a mark of quantitative printinge money that jay powell spoke about not that when theo dollar makes risk asset
Content monitors. For today they scrub terrifying images from online platforms. Recent job for starvation wage. The strain is economists. Agree. I need to stop there something was up to. The cleaners shoshone is shadow industry and starts tonight on g. W. Countries are spending big to keep their economies alive right now but many nations simply cant raise the cash well talk to the president of the world bank about freeing up money for poor countries and maybe even canceling old debt. Also on the show whats a hotel to do when there are no guests to book how about. Renting out rooms as home offices. This is your Business Report im stephen theres in berlin its good to have you with us the world bank is urging rich nations to support developing countries in the fight against the krona virus pandemic repeating its warning that 60000000 people could be thrust into extreme poverty by the pandemic in an interview earlier today World Bank President David Malpass told me that nations could even
With you great to see at least your picture here and hear your voice. I want to start with the markets in general and warren buffets comments his comments appeared to go against popular wisdom i think in how to manage investments he sold airlines low, didnt buy anything during the historic selloff i wonder what you think from a Research Perspective how investors playing at home should what they should take away from that after having one of the worst months ever in march april has ended with one of the strongest rallies in about 30 years across a number of benchmarks the s p 500, the nasdaq, and u. S. High grade. So i think that you should expect some consolidation this month. Now there is just so much liquidity in the system. We estimate the Central Bank Balance sheets will expand 17 this year. You dont bet against that we still think you should be, you know, constructive, but consolidation is in order. The markets responded the fastest, the virus and the economy last and the data pri
Going to prosecute. The governor calls these businesses selfish. President trump goes to pennsylvania on thursday and later on this program, we will have numbers from businesses in states that have allowed a partial reopening and ill tell you now, business is good. Moments from now, we have Shelly Luther with us. Shes the salon owner who went to jail for opening early, an American Hero on this program today. One hour from now, dr. Anthony fauci begins his virtual testimony before congress. Reportedly, he will say opening too early means needless suffering and death. The democrats will try to drive a wedge between dr. Fauci and the president. We will have, by the way, the latest on the explosive revelations coming out about what president obama was doing to instigate and set off the russia collusion mess. Turns out joe biden was in the key meeting. He was asked about it this morning. He did not have convincing answers. The status of joe bidens candidacy, the markets stunning recovery, o