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Time to recover. We have doubt. We expect choppy conditions to come in the months ahead. Choppiness heading into the next couple of quarters. Jonathan joining us now is priya misra. Fantastic to have you with us on the show. Clearly this recovery is stalling and you are getting incrementally more bullish on treasuries. Is that right . Priya i am. The data is better than my we were looking for. We were looking for data to improve and it is coming in better than that. In the backdrop we have rising covid infections in the u. S. And globally, which means we have to live in this environment for a while. That will hurt the opening, perhaps delay, slow down. It will affect consumer confidence. Event. A very big a different policy proposals on both sides. That is going to make risk assets hard to price. Things look pretty positive in august. We are near the lower end of the trading range in the 10 year. Are going backe to that 60, 80 basis point range. Jonathan there is a ton of risk on the h ....
And Andrew Ross Sorkin well start with the markets this morning as the nasdaq logged another record high nasdaq now on an eightday win streak the longest since december last year watching u. S. Equity futures today. There is a pull back the dow is indicated down 265 appointments s p off by 28 and nasdaq down by 50 the nasdaq has seen its best quarter since 1999 and the dow the best since 1987. Check out the s p, for this quarter, s p is up for its best returns it has seen since 1975 looking at the treasury yields this morning youll see the 10year note yielding 0. 7005. That is kind of our comfort zone pretty comfortable if you need to borrow money for sure. The u. S. Is weighing some new tariffs on experts in this case from france, germany, spain and uk related to the 15year old wto fight over aircraft subsidies. Saying the eu is guilty of unfair subsidies to airbus the u. S. Has been accused of unfair subsidies to boeing, neg ....
Timing, the pace, the safety of this economic reopening. Right i think that at this point, we know that the v is off the table. The struggle here is whether we have a ushaped recovery or whether we dont have a recovery and i keep coming back to there are two things that can happen you get a vaccine, and youll have a vee you dont get a vaccine and youll have an l and i think on days like today when you see the unemployed numbers, you say to yourself, without a vaccine, this is going to be a very, very long slog, just like what chairman powell said yesterday chairman powell is giving you the straight stuff and this number should not be a surprise to people who listened to him yesterday when you think about a vaccine this week, jim, we have heard promising comments from pfizer and j j today, the novartis ceo saying its likely a second half 2021 story. What do we believe i think its second half 2021 if at all. Its a very, very difficult virus. But you know, that may just mean when you look ....
Afternoon. Welcome to the december 17, 2019 regular meeting of the San Francisco board of supervisors. Madame clerk, please call the roll. Clerk thank you, mr. President. Supervisor fewer . Fewer not present. Supervisor haney . Haney present. Supervisor mandelman . Mandelman present. Supervisor mar. Mar present. Supervisor peskin . Peskin present. Supervisor preston. Preston present. Ronen present. Safai present. Supervisor stefani present. Supervisor walton present. Supervisor yee . President. Mr. President , you have a quorum. President yee thank you. Please join me in the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic, for which it stands, one nation, under god, indivisible, with liberty and justice for all. President yee okay. On behalf of the board, i would like to acknowledge the staff at sfgovtv. Lawrence and mi ....
Afternoon. Welcome to the december 17, 2019 regular meeting of the San Francisco board of supervisors. Madame clerk, please call the roll. Clerk thank you, mr. President. Supervisor fewer . Fewer not present. Supervisor haney . Haney present. Supervisor mandelman . Mandelman present. Supervisor mar. Mar present. Supervisor peskin . Peskin present. Supervisor preston. Preston present. Ronen present. Safai present. Supervisor stefani present. Supervisor walton present. Supervisor yee . President. Mr. President , you have a quorum. President yee thank you. Please join me in the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic, for which it stands, one nation, under god, indivisible, with liberty and justice for all. President yee okay. On behalf of the board, i would like to acknowledge the staff at sfgovtv. Lawrence and mi ....