Once in their lives in a generally has to be within the same county. Prop 19 would allow seniors to move anywhere in the state, three times in their lives, and still maintain their low tax base. I think that make a lot of sense but dont mistake, theres going to be a billion dollar tax increase on longtime california residence that would pay for this. Reporter scott horton says the other side of prop 19 will have a huge effect, on those who might inherit the parents property. Currently children can inherit the house of any value from a parent, and keep the lower tax rate. But prop 19 would limit that value to 1 million, and require that the child live in the house as a primary residence. If they dont live in the house, and they, rented out, they will play the inflated tax rate. The state Attorney Says all of this should increase home sales, which may be why the California Association of realtors is pushing the proposition. You wont have seniors who, who feel like theyre handcuffed and c
At 4. 8 , premuch in line with expectations. 1. 8 , worse than expected. Retail sales are the weakest link in the recovering story in china. Than what the market was expecting. Property investment year to date coming in pretty much at 1. 9 . Versus an estimate of 1 . We also have the jobless rate coming in a tad better at 5. 7 versus 5. 9 . Which was expected by the market. Overall when you look at the economy, it looks like it is adding to signs the economy is picking up momentum. China probably will be reflecting in the rest of the world. Yvonne one of the key disappointments is still the consumption side with retail side still amiss in a negative fringe for a fourth straight months of 120 . About theuestions back half of the year. But the gdp is still the stand out. Take a look at the adjusted quarter on quarter. We are talking double digit growth of 11. 5 . The highest quarter on quarter at least nine years for china. This is how we are seeing things play out in the markets. Seeing
U. S. The global focus. Ines surged cases surged california and texas. Walmart demands customers wear masks. Knowing green. New south wales has a new plan for renewable power, energy and the environment. Quick check of the markets, u. S. Futures opening flat. This after u. S. Stocks climbed to a fiveweek high in the regular session. We have 10 of 11 s p 500 sectors closing up. He had vaccine developments bringing this rush of optimism to financial markets. This, despite escalating tensions between china and the u. S. Moderna and astrazeneca are rising on the optimism. More positive ecodata, u. S. Industrial output rebounding in june. Pickup in Economic Activity. Take a look at what oil is doing. Under a little pressure, headed towards the 40 per barrel level. This after jumping to a four month high. We had strong ecodata and we have President Trump indicating he doesnt want to add more sanctions against chinese officials for now, not to mention a report on a drop on u. S. Crude stockpi
Texas sees record daily infections. Walmart demand shoppers wear masks. Some of the most prominent have beenn america hacked. We will have the latest. Lets take a look at how we are shaping up when it comes to the futures session going into the start of trading this thursday in asia. Take a look at u. S. Futures pointed a little bit to the negative, flat at the moment for futures contracts after u. S. Stocks climbed to her than a one month high. We had renewed optimism that we are getting closer incrementally on this Virus Vaccine Development front, not just with the news on moderna, but also a rival set of trials being conducted in the u. K. , reporting some progress. We saw the s p gaining just shy of 1 and actually manage a drift back into positive territory for the year, albeit brief. Chicago looking modestly higher after the bank of japan governor , kuroda, provided some clarity albeit still a very dire outlook when it comes to the japanese economy but saying it was now past the w
Hold back, saying gleesons interpretations contradicts precedent and lacks a sound basis in the constitution. Sidney powell writing an even harsher critique of gleeson, accusing him of conducting a wrapup smear against flynn that demonstrates the difference between a d. Of prosecutions a department of prosecutions and a department of justice. Powell concluded in her argument that the only lawful action left for the court to take is to dismiss in its entirety the case against general flynn. And more breaking news from the department of justice, they are now recommending that lawmakers strip away all Legal Protections for big tech giants including twitter, facebook and google. Those protections fall under the section 230 of the 1996 Communications Decency act, a law supported and defended by republicans and democrats a alike for decades. Under that law big tech the companies have found safe harbor from any lawsuits arising from usergenerated context or their decisions to censor what appe