Its hard to hear you. The code provides weve been looking at the order on mobile food facilities which is very similar to the code. The code provides the prohibition set forth in subsection 4 which is a 75set radius provision shall only apply if a restaurant has direct street access to its primary access. Very similar. The problem is the ordinance doesnt make sense. A restaurant cant have street access to its own entrance. What it means is does the public have access to the primary entrance directly from the street. Where the restaurant okay. Right. Its written in a way that doesnt make any sense. It does stem from a public works code. If i was standing at the juice bar am i more than 75 feet from this food truck . I believe so, yes. Thats all i need to know thank you. Is there any public come on this item . How many people are here for Public Comment . Vice president lazarus . A few minutes . Okay. First person, come on up. Yep exactly. You have two minutes. Thank you. Thank you for w
Protests turned violent. Also saw some stronger than expected inflation data out of china, raising questions about whether they can continue their stimulus the dow is higher, nasdaq down about 0. 14 . Of course, record closes last week, hence a little bit of treading water today joining us for the full first hour of the show, nancy the eveningl tengler so whats your take today . The earnings season wasnt as bad as feared, right we seem to be moving towards a more cyclical bias we had overweighted cyclicals earlier this year. It was kind of painful for a while. But it looks like manufacturing is hooking up. Still some concerns about capex, which well talk about, and so were modishly bullish and continue to find places to put money, which is always the test, right . Were going to get some of those picks later on in the show nancy, year with us for the hours. Well focus in on the big stories that we are watching here today josh lipton has details of a brewing controversy including apples
Average volume for the last 30 days. That is pretty much the scene all around the world. Of course, we saw some selling overnight. Caroline even with dollar weakness. Joe also, of course, it will be interesting to see what the bond market does tomorrow. Tooline lets track out abigail. Abigail stocks might not be doing much here in the u. S. But where we did have some action, the british pound against the dollar. Its best day in about a month on hopes that a brexit deal will get done. Lets put this in the context of a longterm chart we have not looked at for a while. This goes back all the way to 1970 at the high, closer to 260 at the lows. In 2009 orhigh, back so, above two dollars. Of course, over the last few years, fears that a hard brexit would happen, we see it going down to 1. 20. This pattern happens as the bulls are stepping up. Gocould possibly see it toward the middle of that, 1. 44. All of this may just suggest that some of the big dollar bears out there could be right becau
Certain tariffs. Not just a trade deal, but actually removing some of the economi existing tariffs earnings continue to lead us higher just a bit. We have names like kroger and tapestry, the old coach beating expectations joining us for the entire hour is a man you know well, steven weiss from Short Hills Capital partners steven, good to see you down here at the New York Stock Exchange good to see you brian good to see us both heres the thing, earnings, trade, maybe just general positive market sentiment. One of those three or maybe something else, that has been the primary driver for what has been a nice little run we are up nine of the past eleven sessions on the s p 500 i think there are multiple drivers to the market. Trade being the most important and the most dominant. You can see the correlation. For those who say that trade is all in the market, thats clearly not true because when you get positive news coming out, the market ticks up when you get negative news, it goes down. So
Communist and other left wing parties who put enormous pressure in their parliaments and so on to target monopolies that are basically ripping everybody off so thats why they have more of a movement having said that being more into taxing big corporations in america isnt saying very much unfortunately so yeah the europeans are ahead of us but theres a lot of wheeling and dealing behind the scenes that goes on and there is a serious risk that the europeans in order to placate their own people will give a little slap on the wrist to these big corporations but whether theyll go further and really deal with the problem thats a little more of a question on one issue however they will go further they are furious that big corporations can pick and choose in europe which scum tree to locate in for example. Many have gone to ireland because the irish have a very low corporate profit rate so they get the pay low rates it whichever country has the lowest 1. 00 so the countries compete with one an