I do want to highlight a 10 year yield in the u. S. , the yield is lower by about one basis point. 60 to 70 basis points, and how much can we tolerate on higher upside when it comes to yields . The Democrat National convention will be focusing on joe bidens vision of the party. Last night focused on trumps performance in office including his handling of covid19. To everyone who supported other candidates in the primary, and to those who may have voted for donald trump in the last election, the failed federal government that watched new york get ambushed by their negligence and then watched new york suffer but all through it learned absolutely nothing. Itay, six months after began, the nation is still unprepared. Magic if we had a national strategy. So everyone has access to a safe vaccine. More than 150,000 people have died and our economy is in shambles because of a virus that this president downplayed for too long. That even before trumps negligent response to this pandemic, too many
Entire party further to the left . To get a sense of that, we welcome someone with vast experience on wall street as well as in washington, he is Ralph Schlosstein, cochairman and coceo of evercore. Great to have you with us as always. Youve described yourself as a fiscal conservative but a social liberal. Side, fiscal conservative are you concerned joe biden is tacking to the left to make sure he keeps the bernie brose with him . Ralph not really. If you look at Vice President bidens record in the senate and when he was Vice President to squarely obama, he is in the left center of the Democratic Party, the center of the Democratic Party. E is a procapitalist his selection of Kamala Harris as a Vice President , who while i also believe is procapitalism, sets of course which i believe is a right course for the country. Commitment to private enterprise , but also a more balanced distribution of wealth and access to health care and education as more of a right in our society than a privil
A weaker u. S. Dollar as well. 105. 38 to the japanese yen. Gold back about 2000. 003. 35 an ounce right now. Walmart benefiting from online orders but store traffic was hampered by the coronavirus. The companies cfo said comp sales growth slowed last month as the government relief waned. Lets bring in Morgan Stanleys Simeon Gutman. How did the Company Managed to get margins around 42 . Comp. they had a 9 rising tides lifts all boats, but they had gross margin in the u. S. Swing from down to 200 basis points to up this quarter. The primary driver is the mix of food and consumables, which tends to be lower margin, was mother in percentage, and a big shift toward general merchandise. A nice swing in gross profit to hire to cover those higher costs of operating, but the results were better sales and gross margins, allowed them to generate that growth. Vonnie walmart was only really getting going in the last couple of quarters. Did the digital improvements help out this quarter . What does
And the oil markets ravaged by the pandemic slowdown and a price war at the same time could see a rally as the big 3 producers including russia prepared to talk solutions. Hello this is Art International from moscow welcome to the program is just 1 pm here this saturday when i was kevin owen im here for 30 minutes with your world news round up and 1st these are the latest figures in the kobe 1000 pandemic today billions of people are currently under some sort of lockdown but the number of Corona Corona virus cases is still rapidly increasing there are now more than 1100000 registered infections more than 59000 people have died but some hope almost a quarter of a 1000000 people we can report have recovered. So todays developments the onset of springs warmer weather on the upcoming easter weekend will for many be a big temptation to travel but the warning is dont in france which is grappling with more than 82000. 00 infections leaders fear that will make a bad situation much worse theyre
And across this to the oil markets ravaged by the pandemic slowdown and a price war could see a rally as the big 3 producers including russia prepared to talk solutions. Hello this is Art International from moscow welcome to the program is just 12 pm here this saturday my names kevin when im here for the next 30 minutes with world news round up were getting to all the coronavirus new shortly but 1st piece of breaking news to bring it to speed with just happening in 1st time from russia were hearing about a gas explosion thats caused part of an Apartment Building to collapse in the Moscow Region i go to moscow its understood that there are fatalities and searches are under way for people in the rubble these are the 1st pictures through you can see real devastation of all things going. And it happened in a town thats around 90 kilometers east of the city of moscow Emergency Service so services say it was think a gas explosion i think on the 3rd floor apartment there causing the floors ab