Particularly for you. Having spent so much time close to her, what did you see about the greatness some of us do not get to see just watching her on the bench . Was a Justice Ginsburg surprising person in many ways. She was shy and retiring and super serious, and yet she had an extraordinary sense of humor. She loved to laugh. That is part of the reason she was able to maintain such great relationships with all of her colleagues on the Supreme Court and with everybody who worked with her, including her famous friendship with justice scalia. It was interesting to get a little bit of a window into how practical she was, how strategic she was. Person a very strategic and i think you see that in a lot of her rulings. In honor of a lifetime to tell her story. David one of the things that strikes me as remarkable is we forget when she started out, it was not recognized that the equal protection clause even applied to women and she systematically i got to see one of her arguments at the Supre
A lot of folks thinking it was over and done. Ck upof those sto sharply. Nothing is changed for these companies. What is changing as investors saying we have gone too far, too fast, so now we are seeing a pullback. Again,take a look at the we are seeing a pullback. If it is a fearful look for stocks, you can see those haven assets rallying. The point wisely yesterday. What is going on with softbank . There is a Financial Times report that what triggered this is they went big and some options on big tex. Abigail that is an interesting point. I do not know if it has to do with softbank, but theres been a lot of unusual options activity where you have folks buying shortterm call options. That is expiring this week, next week, betting that after the huge move up, the nasdaq up 80 from the march lows come after that it will go even higher. Some thinking that is not so stable. What we think because of all this is it is technical selling down to the 50 Day Moving Average. If the 50 Day Moving
He is telling the truth in terms of this is a very difficult situation at best. It will take a long time for the economy to recover and it is tragic for many. He keyed out the 40 of people making less than 40,000 per year losing their jobs in march. A difficult message but a truthful message. Right now the markets appear to be coming to terms with it. In the near term, support is holding. We are still stuck in a range even though it does feel risk off. It is risk off. David tech has given us a break thus far. His tech holding up again . Abigail tech was holding up, you had the faang Index Holding up. Do your point, out of the march lows, tech is up in a big way. The faang index up 20 . To the downside, the financials continue to lag. This year there down 30 . That is 10 of the market. The s p 500, to continue the rally out of the march lows, you will need to see all the sectors get on board, the banks, the industrials, and some of the cyclical sectors are lagging. One reason the banks
Toll on the famous crooked stretch of lombard street was vetoed by Governor Newsom just last year. The letter comes just weeks after Market Street was shut down to noncommercial traffic. Another thought proposed in the letter is taking away free parking meters on nights and sundays. A lot of people come into the city on the weekend, and i think that, you know, that parking is just as valuable on the weekend as it is during the week. I dont like that. I like coming in on sundays reporter now you might be wondering to yourself, is congestion pricing used anywhere else in the u. S. . At the moment, new york city. That city is in a negotiation with the federal government to implement congestion pricing through manhattan south of 60th street. Its been a 10 month negotiation, and theyre still trying to determine exactly how to make it work and whether or not theyll need an Environmental Impact report to get that off the ground. Whatever happens in new york could likely apply here in San Fran
Looking for continued strength. City did guide up to the higher end of the range for its credit card charge off portfolio. We are coming off extremely low levels that were unsustainable. Wells fargo is down in trading. Is that just because of the legal charges . Allison legal charges is part of it, also no visibility on operating charges. It is not surprising they are not giving any commitments at this stage. It is also not surprising that you would see a lot of charges as a new ceo comes in and tries to put the past behind them. I think the size of the legal charge was surprising to some. The question is is this it . Is there more to come . I was on and off the call so im not sure we have got a number for the losses beyond reserve or any indication on that front. The question is already getting the worst behind us. David often it comes to a reset with the new ceo. Thanks very much. Now we go to Brooke Sutherland on the boeing story. You have a great piece on the new ceo, calhoun. Broo