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A funder lion and says that trade negotiations between brussels and london will keep going after todays selfimposed deadline to do kay and the immunity to trade deal to prevent chaos at the borders starting on january 1st. Foley s welcome to the Program German chancellor Angela Merkel has announced a raft of tough new lockdown measures she said they were necessary to bring down the spiraling numbers of new covert 900. 00 cases so lets break down for you what is set to change here in germany so from wednesday nonessential shops will close supermarkets pharmacies and banks will be allowed to remain open schools will be shut in principle until the 10th of january and employers are being and. Urge to allow their staff to work from home as much as possible chancellor Angela Merkel also made an appeal for people to limit their s ....
The s p advanced 0. 64 and the nasdaq jumped 1 the world where the democrats and republicans cant make a deal on the next round of stimulus, so states have no choice but to open up. Open up everything, using masks and social distancing, as their only backstops because otherwise everyone goes broke. You just cant stay shut down without the federal lifeline come on, right the states dont have the money for it but the log jam in washington is starting to get personal you could see that when i interviewed House Speaker nancy pelosi this morning. I may be naively asked if we could at least get a deal with the gop to help out minority owned businesses in honor of the late, great john lewis heres what Speaker Pelosi shot back can we give a huge chunk of money to minorities who want to stay in business and cant, and to people who are trying to go to college or have student loans, who ....
Well, tech is holding up well given it has high multiples coming into this part of the reason tech is the answer to some of the issues particularly working from home, things like krits tricks, zoom, microsoft, amazon, have outperformed it appears this is going to be somewhat of a permanent change theres a spike but even coming out they could benefit we would like to see more breadth within tech. Its been big and focused. Last week was interesting. As we started to get a rally in tech we got a sense for whats going to perform on the other side, services,semis, smaller cap names. We dont think were there yet but looking for infection rates to come down, pmis to improve. The economy is on the mend and then hopefully on the other side steve, its interesting over the past day we see some little moves in this environment that might suggest something. Yesterday microsoft announced changes to office 365, calling it microsoft 365 planning to open up access to teams and features in teams to more ....
Im still going to welcome to the Program German chancellor Angela Merkel has announced unprecedented new measures in response to the corona Virus Outbreak nonessentials shops are to close as well bozza theaters sports venues gyms and playgrounds theres also about religious gatherings until further notice and hospital visits are to be restricted at least 14 people in germany have died from the corona Virus Outbreak a more than 6600 have been infected here is the german chancellor then ill call them via internet in their mind we still need drastic measures as has so often been said to slow down the rate of infection. Such drastic measures have never been taken in our country. But at the moment they are necessary to reduce the amount of close contact between people. To ....
Heavyweights cat cuts earnings outlook. Boeing sticking to the timeline for the return of the 737 max. Softbanks massive wework bailout. The latest deal details and the golden parachute for adam neumann. Mark zuckerberg goes to washington were going tostart with that pair of dow components, boeing erasing earlier losses despite a big earnings miss. Revenues slightly above consensus. Company still sees the 737 max getting back to service in q4. And then there is caterpillar, missing with quarterly results, cutting full year guide, hurt by weaker demand in china the first decline in quarterly profit since 2016. As they had sales down in every region which you just talked about. My travel trust owns it does that mean im an idiot . No it means you have to take pause and say they continue to buy back stock, they said would no longer be episodic cash flow remains really good. I didnt think i could make this much money with this decline in revenues all that said, so what 400 other companies i ....