Lets have a look at the Chinese Markets. This is where we are getting a little momentum coming to us. We have to wait and see whether volumes come through. Look at the equity markets, the range, it does seem like a lot of these investors are on holiday already. Signs of eye for more stability. 10year, and the spread pretty much at the highest level , i think, late 2018. 30 basis points. It is a quiet day across these markets. We will had to macau, 20 years since the handover. I will leave the markets here for now. Su keenan is a new york. We will start with the Central Banks, which will be making a lot of headlines today with policymakers in asia staying on hold. Bankalf a decade indonesia kept its key rate unchanged for a second straight month. Saying the economy and exports will rebound in 20 between. With governoreld kuroda echoing a more optimistic tone of his colleagues at the fed at the ecb. I think the governments stemless package is appropriate i think the governments stimulus
Plan goal. And the trends are related only to this current audit period. So actually for all of these, ill just note that any metric that ends in a. 1 is a Key Performance indicator. These are ones that people can play with online. So in terms of the goal related plan, crimes are down, which is a positive trend. And im not going to go through all of these. You can find them in the report, which ill remind you guys later. So in the second goal, overall Customer Satisfaction is up, and for reference, a 2. 5 is a neutral score. So this is actually 3. 2. Its pretty good. Gaps and bunching refers to multiple buses all coming at once, and then having a gap between service. Really influences peoples daytoday feeling with muni, and its a big deal. So during this term, gaps improved, but bunching got worse. So the city charter calls for sfmta to be on time system wide at least 85 of the time, and although the ontime performance did improve over the cycle, we are still short of that 85 target. O
A positive trend. And im not going to go through all of these. You can find them in the report, which ill remind you guys later. So in the second goal, overall Customer Satisfaction is up, and for reference, a 2. 5 is a neutral score. So this is actually 3. 2. Its pretty good. Gaps and bunching refers to multiple buses all coming at once, and then having a gap between service. Really influences peoples daytoday feeling with muni, and its a big deal. So during this term, gaps improved, but bunching got worse. So the city charter calls for sfmta to be on time system wide at least 85 of the time, and although the ontime performance did improve over the cycle, we are still short of that 85 target. On this site, we just wanted to note that the sfmta did reach the city charter goal of Service Hours delivered of 90 in fiscal year 2016, and the agency should be very proud of this. For goal three in the Strategic Plan, we just wanted you guys to keep in mind that this audit focuses only on tran
Hitting record highs on their quarterly results. Amazon says sales in Web Services Division up 43 year on year. Microsoft says that they grew in the same period and alphabet beat consensus. Despite backlash from advertisers on controversial content on youtube in recent weeks. Guys, this is like a feast of information that we got in the past 18 hours. Overarching narratives or lessons were seeing right now . Overarching narrative is that the economy is headed into where these companies are both technologywise, consumer habitswise in a great position and theyre now reaping the benefits of many, many, many years of investing. I think another message is that this cloud movement, giants like amazon to some extend, microsoft, google wants to be in that pact eating traditional Enterprise Data center now in the way that smartphones ate into the pc business. You see that in intels results. Data center group didnt perform the way analysts hoped. Intel sort of hinted at that a quarter ago. The st
Markets. The market closing at another high. A move thats got everyone scratching their head. Earliee today, howard hudnick, brought up what could be the reason why. Its a riskon world. If im going to retire some day, ive got to make some money, what am i going to buy. Im going to buy stocks. And he might be on to something. In fact, take a look at this chart, courtesy of bank of america. The number of people over the age of 65 is growing. And growing fast. Thats the orange line there. Could it be that in a world with no yield, there is no alternative to stocks. Brian kelly, the biggest bear listen, thats my biggest fear. Everybodys worried about the market falling apart. My fear is we get some kind of a meltup. It looks like were starting to have that. That chart that we just showed there of people getting older, to me that ultimately is the biggest bearish case for the markets. Ultimately the people are going to retire, start drawing that income. But between here and there, maybe tha