9 00 p. M. For most of the bay area. So pretty much everyone except the immediate coastline under a heat warning or heat advisory as we head through the next several days. Due to the dangerous heat. Well talk about what you can expect specifically for your neighborhood coming up in a few minutes. Michelle . Mary, thank you. And due to the dangerous heat, state officials have issued a statewide flex alert for today and were all being asked to voluntarily conserve energy between 3 00 p. M. And 10 00 p. M. Concord broke the record high yesterday at 101 degrees. We spotted some people taking advantage of the slightly cooler temperatures last night to get out and enjoy the plaza in downtown concord. Iethe day, an ice cream shop near the square had a line out the door. Its good. Its nicer out here than it is at home. Lets go downtown and get something to eat. When theres excessive pete like this theres a lot of air conditioning use and of course that drives up the electricity demand. Everyon
Goes down must come up again thats what economists are saying as 2020 promises more dismal news well hear from an expert who says rebuilding the economy after grown up harvest will be like recovering from a cool. And they are one of germanys top Tourist Attractions having one of its best known products even ill still be a god are struggling thanks to cope with 19. Welcome to do business and want to. Be with us and was starting with a possible solution to a long running World Trade Organization dispute over subsidies for air bus jets the european plane makers said it had brought itself into compliance with w t o rulings to accept high Interest Rates on loans from european governments the European Commission said this meant us tariffs on planes could no longer be justified and want the block could impose its own sanctions on the airline as built by. Boeing thats currently the subject of w t o betray should be in a power of case. Rather complex story this lets bring in our financial corre
Is driving the market. The credit fundamentals are deteriorating. The central bank has effectively crowded in. You can get spreads. Jonathan always great to catch up with you. We have a ton of supply from the treasury. The 30year happened. What was your interpretation. There was supply fatigue. What was your take . In the end, supply does not drive markets. It can have shortterm impact as supply has to get digested by the marketplace. Over the long run, the fundamentals are what will drive evaluation. At the long end the long end of the curve was a little overbought. There had to be concession to be supply into the marketplace. Over time, it will be fundamentals and we will be in a low inflationary environment. The fed is on hold for years. As a result, there will be demand for long treasuries. Back in late 2017, when the administration cut taxes, the yield on a tenure was 250. On a 10 year was 250 what will matter for the long and is inflation dynamics. Inflation picked up in the last
Labor department reported on thursday now this came in below economist estimates of nearly 1500000 jobs lost and fell 249000 from the previous week marking the lowest level since the start of the pandemic now while this all sounds very positive keep in mind the continuing claims are still at what 16100000 despite dropping 5844008 couple this with that massive contraction in us g. D. P. By 33 percent for the 2nd quarter of this year and you would think markets should be in shambles but thats not the case since testing lows in march at the onset of the pandemic here in the u. S. The 3 major indices are thriving the nasdaq is continually pushed a new record high and now the s. And p. 500. 00 well its just a few percent away from setting new records which were established previously in february of this year while the dow hasnt been able to quite get to precocious teen levels the index has made substantial gains over the last. What so why is that well to break it all down this disconnect th
Very positive keep in mind the continuing claims are still at what 16100000 despite dropping 5844000 couple this with that massive contraction in us g. D. P. By 33 percent for the 2nd quarter of this year and you would think markets should be in shambles but thats not the case since testing lows in march at the onset of the pandemic here in the u. S. The 3 major indices are thriving the nasdaq has continually pushed a new record high and now the s. And p. 500. 00 well its just a few percent away from setting new records which were established previously in february of this year while the dow hasnt been able to quite get to precocious teen levels the index has made substantial gains over the last 4 month so why is that well to break it all down this disconnect that were seeing lets bring in some expert analysis from cohost christiane a moslem chief market analyst at the trade thank you both for being here its great to. Have you back so lets start off with you whats propping up this mark