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In one of the Fastest Growing jobs categories, we created a certification program. You can earn one of these certificates and build a consortium of Companies Including walmart, bank of america, intel, hulu, and others, so that once you earn this, it is basically a light degree. For us, one of the very important things is each of us has a responsibly to address these issues in society. I think our view is that if we come together and work cross through and ideally private partnerships, we can magnify the impact we have. You will continue to see more of our efforts there. Ian you heard kristalina say we need to g20 to not just do no harm, but they need to coordinate. You are saying the same thing for the private sector. Are you finding that that challenge is more of a lift, both within your sector, companies that have historically been very tough competitors, as well as a ....
Entered a new wave of cases. Europes twin battles. E. U. Leaders make no progress. Chancellor merkel says finding compromise will be difficult as france and belgium are said to have urged e. U. Leaders to step up contingency plans for a nodeal brexit. Very good morning to you and happy friday. What a week it has been. Witharted the week off optimism and euphoria with markets on a high into vaccine news and we will be ending the week on a much more sobering tone. The news coming out in the United States, california imposing a new curfew, with pressure on officials. We wake up to a public clash between Steven Mnuchin and jay powell on unused lending funds and we saw that hit the futures market. S p 500 futures paring some of those losses. We have nasdaq futures relatively flat this morning. Treasury yields steady. In the pound, north of 132. We do have sources telling bloombergs ....
Fed set 2022 and what the chairman will say and what i assume will be a Virtual Press conference today. Ofncine we will have plenty market action. We will look at the markets every 15 minutes, including what is happening in treasuries. We had the oecd coming out with their economic outlook. That was released about an hour ago, and the oecd, it is a smarter way of doing it, tom. Forecasting the pandemic would cause a Global Economic slump of 6 here, but if there is a second wave, that becomes a seven point 6 slump. It is a good way of visualizing percent comes a 7. 6 slump. By thewas taken aback differentials between the bar charts of europe and the United States. I did not have in my head how much worse the guesstimate is for gdp decline in the europe verses in the u. S. It is a very good report. Francine it is also becau ....
Drawing some questions about that data and how reliable it can be. To the upside, spotify closing up about 8. 4 . That company signing an exclusive deal with joe rogan, one of the more popular podcasters, a deal that could be worth more than 100 million this year. Scarlet pretty incredible deal for mr. Rogan. This incredible reversal we saw in late trading, almost three stocks down for everyone that is higher on the new york stock exchange. Of the 11 industries on the s p 500, all 11 are down. On the dow, only three gainers. The market turned pretty quickly from what was looking like an extension of yesterdays rally. Reportinggoing to be this week. Walmart and home depot, for the most part, showed they are getting a little bit of a boost from their status as a businesses. It is interesting to see how the shift in consumer buying patterns have been reflect in the sales. Also point should out, outside of equities, we did see Wti Crude Oi ....
279 points looking at the treadsrys the 10year is at 0. 77 . That is nuts especially when you start to look at where we were a handful of months when people were talking about a 3 as rates go down cheaper this is such a panic move. Is it forecasting a Global Movement the problem is that everyone was worried that stocks were overvalued the problem is there is no way of gauging what the effects are. Everyone at this desk could have started throwing stocks at the wall people are going for safety and quality. These are panic moves im not sure it is unwarranted people will sell off first and panic later. Theyll say im looking out for a year or two or three thats probably what well reassure now can stocks bounce off the previous lows of 12 i think the market has to recalibrate to digest the lower yield and the market sitting across the table, stocks dont often bottom on a friday but the fact that everyone thought they werent going to b ....