Deflationary europe feels than america. Francine this is also because the pandemic hit italy first, so in terms of curves, you are a couple of weeks ahead in europe. It is a different set of numbers. The packages and loans that european governments are giving is different from what the u. S. Is doing, largely because you are at different stages in europe compared to the u. S. We are looking for that leaders summit, more stimulus coming from the commission and probably to give a strong voice to the commission that europe is united and in solidarity with country most affected by the virus. Tom a lot of different opinions. We will talk to Dennis Gartman about how to fold in a weaker euro call with gold. Here is viviana hurtado. Viviana donald trump signed an executive order to curb immigration. Green cards are currently on hold. They allow foreigners to become permanent residents. The governor the president says that will limit competition for jobs. Expected tose is approve today the 484
Can introduce john tierney contributing editor at city journal and coauthor with the esteemed psychologist of the fascinating and useful new book the power of bad how the negativity affects us and how oncan rule it and it is sale outside the room. John has long been one of the nations leading voices on the intersection ofre science and public policy. Make no mistake over calm and reasonable is the contrarian voice. His New York Times column, the big city running from the mid nineties through 2002 that first made me a fan of his work there he took on any number of prevailing myths about cities from the efficacy of rent control to the root causes of homelessness to environmental policy. One remarkablef column born from his irritation at Rosie Odonnells relentless public criticism of mayor giuliani use of Law Enforcement to get the homeless off of new york city sidewalks in the nineties. So how would the wealthy new york suburb deal with a similar problem . He let his beard grow it did no
Rishaad right, well, banks reporting out of china this week. Note onjust seen a nonperforming loans. People keeping an eye on that. This is an alarm bell for the amount of debt they are caring. Showing what 9438, is happening. Out of all of them, it is Agricultural Bank of china which is the worst. Its nonperforming loans seemingly worse. All will be revealed this week, the big four out with earnings and indeed these numbers as well. Haidi absolutely. A lot to digest when it comes to the asian open. We are getting the washer from jackson hole, more what wasnt said by janet yellen and mario draghi, the latter refraining from commenting on Monetary Policy or the strength of the euro. The dollar lower on the account of janet yellen sounding more dovish than expected. We had saber rattling out of north korea, and the big calendar when it comes to macro data. Friday, and china pmi rounding out that picture when it comes to the chinese economy. We are 30 minutes away from the open in china a
Stanford at 62, los altos is 54 and more 50s instead of 60s on the coast. We have that offshore and oakland and hayward, and not that strong but still a slight easterly breeze. This will align itself to the north and south meaning it will lose energy and push that fog inland over the next few days. 60s, 70s, 80s, and 90s well inland. We have some slowing already on the altamont pass, but not a surprise. You can see the traffic will be busy on the 580 westbound, and now on the 205 approaching the Mountain House parkway to the main part of the altamont pass. Driving from livermore to dublin, a little bit of slowing at the dublin interchange. On interstate 880 the traffic is light and also on 580 heading into the maccarthur maze and the bay bridge. We have more people showing up at the bay bridge but plenty of room. It is 5 01 am. Two men charged in the deadly ghost ship warehouse fire were 36 died pleaded not guilty. Derick almena and max harris injured not guilty pleas to 36 counts of i
Run that weve been on since the election day . The market has moved higher. I mean, what we are seeing are two things. On one side were seeing an improvement in earnings delivering. A lot of this is coming from just simply improvement in business service, be it services on manufacturing. Oil prices are stabilizing. You see a positive base effect. Its not too far too fast . Its all justified . I think one portion is justified. Just simply a stronger somewhat stronger cycle, normalization, and profits versus, you know, the lower levels or recessionlike level that is we saw earlier this year. There is also a little bit of a multiple rerating where its happening on account of the new u. S. Administration and proteshl progrowth proposals that may go through. On that note, whats ahead of it . Are the banks ahead of themselves . Banks are up again today. I still dont think banks are ahead of themselves. I think the regulation potentially being lifted. One of the things we talked about was the