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This discussion was held by videoconference. Good morning, good afternoon and good evening depending on where you are. Thank you for joining us. Im Vice President of the Global Economy and Development Programs at brookings Global Economy. Disrupting billions of life and jeopardizing progress. The Global Economic process which relates to todays conversation from a five of present and global gdp in 2020. This is the cheapest global recession since world war ii. Its a report defined by fundamental drivers of longterm growth including investment which would slow capital formation. Beyond the headline Economic Growth number, the pandemic is having a pro ....
Exactly. I so i dont need to. Im sure theres a lot more viewers who join us as well at 9 00 a. M. Yeah, the ones who wake up after the football game. European markets certainly want to know about jim, they always ask, so we show them. There it is. Thats how were doing in the european markets and of course as we always do well show you the 10year note yield. Thats really been the story. Yes, thank you for saying that. Youre welcome. Approaching 2. 3, were back to where we were last december. Dollars very strong. Round tripped it. Yes. As this year gets towards its close. And theres crude down for the first time in a couple sessions. Last year at this time we were talking about three rate hikes. Its incredible were talking barely about one rate hike. If there was ever a reason why you would want three rate hikes, its the idea you have a president who favors tax cuts and more spending. Yeah. Its a combo we have not seen. No. And he may get. People do not understand how rare this is except ....
We begin on dow 19,000 watch. President elect donald trump lays out his first 100 days in the form of a video. Says hes going to abandon the tpp trade pact on day one in the white house. Amazon could be getting into the lucrative live sports business. Reports say they have held talks with the nba, mlb and the nfl for live game rights. But first up, stocks hitting those record highs, the dow is within 44 points of 19k, the s p just two points from 2200. Small caps making history as well. The russell at an alltime high and in the midst of its first 12session winning streak in 13 years, jim. Technicians love this setup over the next few weeks. More than 700 stocks hit an alltime high. Thats very positive. The groups that have been involved in this rally are broad based, they dont seem to just be all oil or all tech or all bank, its really a huge part of the s p. We saw yesterday the kind of a catchup trade with a lot of the oils. Weve got cold weather, a potential opec deal, a president w ....
Heading to the markets desk. All of the running there. Oliver renick is there. It always hurts more on the way down. Slow on the way up, and then you have the day where the market sells off. Friday over 8 billion shares traded. Not selling on small amounts. When you look at the markets, we are still down. S p down on the day, as well as the dow. The nasdaq is also hurting a bit. Some strength in the tech stocks. Theing at some of , this is one of the most interesting aspects. Friday we clearly had a market that that seemed to be selling off on expectations of moves and Interest Rates. Financials today doing pretty well. Doing pretty poorly. Does not seem like a has the same contour of the friday selloff. Wells fargo has dropped quite a bit, leading banks slow were. Obviously pretty weak numbers. Almost 4 . Down the rest of the sector leading the s p down a little bit more, especially when you consider friday they were one of the se ....
And that concludes my presentation. And ill be glad to answer any questions. Project sponsor please. Good afternoon, commissioners mark roeders here on behalf of the project sponsor mr. Kennedy highlights he went over that im going to briefly talk about a few the reasons why were happy to be here seeking our second conditional use permit to open in the neighborhood of San Francisco as mr. Kennedy mentioned ann quo is taking over a prominent Street Corner on Mission Street the neighborhood commercial street where most of the residents in excelsior and Outer Mission are going to im glad it will be renovating the frontage Mission Street and norton street opening 3 windows on the street so people cock u walking up to ....