July. It is the last week in july and we are running out of Unemployment Benefits and the rent is due august 1. There is a lot going on. Francine we will spend a lot of time on that. Lets get to first word news gupta. Itika group unveileditch mcconnell the new relief package, listing unemployment to 70 of prepandemic wages. Makes to pelosi panned that proposal. Health officials around the world are getting a reminder of how tough it is to permanently stamp out coronavirus. They are grappling with second waves of the pandemic. China reported the most cases since midmarch, and spain is scrambling to stay ahead of new outbreaks. Posed a new imposing new quarantine on travelers from there. Will stay near zero for a longer while. Policymakers open the twoday meeting tomorrow. The last day they met was in early june. Florida and california have yet to see the surges have that if that that have afflicted them since then. China eagle authorities following the closure, the latest development in
A whole bunch of other smart people set lower for longer. That is the message this morning. Futures up 19 but to me, the story is the bond market. As you know, those huge negative and persistent real yields. A range of assets and securities, it is interesting to see dollaryen breakdown. Still, equities are firmer on the day, futures up by 6 10 of 1 . We do this going into a battle down in washington, d. C. As long as it is just about size, we will have an agreement. These negotiations are now about thats great, but that means there is a timeline and i dont believe we have the luxury of a timeline because in the state of ,he economy, the unemployment the economic dynamics dont give you a comfortable august. Dont. Incentive to say we not negotiating until you negotiate. Right now, looks like new market is not picking up on it. There are some real nuances, maybe start off gold. Treasury yields down a basis point. Weve broken out of that sticky range for 0. 58 . The lows very much insight
This morning. We are in corona queens. Always a pleasure to get out of the State Capitol and talk to the people doing the work. I am a queens boy, so it is coming back home for me. Corona queens. It was called corona queens before the coronavirus. Theres no connection between corona queens and the coronavirus. Let me introduce my colleagues to the farleft. Pat foy, the chairman of the mta. To my left, sarah feinberg, who runs the new York City Transit bureau, to my right, gareth rhodes. Deputy superintendent of the parts in financial services, but has been with me for many years and is helping on this up in albany. Is saturday. I know that because it is on the slide. Otherwise, i may not have known that. I followed the days by was on the powerpoint. Everybody talks about this is uncharted waters, that we have never been here before, and thats true. Itn in uncharted waters, doesnt mean you just proceed blindly, you get whatever information you can. You want to stay informed. Even in the
Pleasure to be up with everyone this morning. In corona queens. It was a pleasure to get out of the state capital and talk to the people who are actually doing the work. I am a queens boy, so it is coming back home for me. Corona queens. It was called corona queens before the coronavirus. There is no connection between corona queens and the coronavirus paid let me introduce my colleagues. Pat foy is chairman of the mta. Sarah fienberg runs the new York City Transit bureau. Is deputyodes superintendent of the department of financial services, but has been with me for many years and is now helping on this up in albany. Saturday. I know it because it is on the slide. Therwise, i may not have known i follow the dazed by what is on the powerpoint. Everybody talks about this as Uncharted Waters, that we have never been here before. And that is true, but even when you are in Uncharted Waters, that does not mean you just seed blindly. You get whatever information that you can, because you want
Out friday night on and around Temple Universitys campus. Skyforce 10 was over the scene as officers started detaining juveniles, some as young as 12 years old. This guy came up with us, saying, be careful, i was hit in the head twice. His knee was gushed open and bleeding. We turned around and kids were charging us. Reporter a Police Officer was attacked and is recovering. He was on a bike and got into a tussle with ha juvenile. He knocked her over his bike. She had bruising on her leg. Reporter the group of 200 juveniles broke into smaller groups, then some in those groups assaulted five people altogether and a Philadelphia Police department horse. Weve changed our protocol, added this to our alert protocol, when we see large groups of juveniles, well start acting. Its always, be careful, watch your back. But that night i was scared of kids. Thats not normal. The Public Health director said it was unusual, but said they had similar reports last saturday of large groups of young peopl