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I got some sleep you didnt miss much this last week. Kind of Nothing Happened not really actually. What week so much happened. What week are we in its going to be 52 for 52 at the end of 2020 in terms of crazy weeks. Thats true. S p was almost closing at a high im faking now like you. Im not in new york city do you like my backdrop . What do you think of it . Thats what im saying. You look great you look great you look fabulous. Okay. Is this are you old enough to remember huntly and brinkley what are we . What are we trying to pass our self off as here what do you think . Chancellor and tv people were probably trying all right who knows who knows. Let me tell everybody about the craziness of what happened in yesterdays market because the swings were wild stocks were up, as joe was mentioni mentioning, we flirted with the height of it most of the day but then turned late lower late we closed lower later in the day. At one point ....
Manus a warm welcome to daybreak europe. The numbers have dropped on hsbc. Job cuts. Share buybacks have been abandoned. A hugest impression is restructuring with a kitchen over 7 billion. That is a reality check on growth. Cost cuts are aggressive. And the reaction in hong kong not great, dropping as much as 3. 2 . The buyback and the plan to suspend those could be part of that. You talked about the 7. 3 billion charge and the bank still looking for a permanent ceo. That was Something Else we were looking out for. There were some changes in personnel but not at the very top. And cost cuts. Says it has hsbc yet to factor in the impact of that virus. Manus the fact that they have ripped the heart out of the Share Buyback which is one of the reasons why you believe that quinn can turn the business around. He has not been anointed or appointed. They are prevaricating. The goodwil ....
What we are looking at is a sixmonth chart of the s p 500. We are looking at treasury note futures in white. That is actual price. We see coming out of june we have treasury note futures basically flat and rallying. Stocks went sideways. In september ec a strong downtrend. In todays pullback for bonds ec the downtrend really holding. It could just adjust. December could be what history are,sts decembers relatively strong. Michael one thing we dont talk about is the indian stock market. Etf trading today, msci indian etf is a standout. Very strong move today. Indiaof speculation the bank will cut Interest Rates by 25 basis points tonight. One thing that really stands out you look at the benchmark index in india is its evaluations. It is trading near a record local currency basis, but the evaluations have really sort. Index not trading in more than 29 times trailing earnings. You can see the top line. What is more interesting is the ....
Little speed calculator on here. And it is about 12 miles an hour. Thats awfully slow coming in on 205. Coming into the livermore area, looks good. A little slowing here at the dublin interchange. And not too bad. But just you get down to about 20 miles an hour, when you make that transition to 680, if youre going that way. This is a look at highway 4 westbound. Looks pretty good, driving through the area. Highway 24 also still good. And when you get to the east bay, the commute is still all right. A little at the bay bridge toll plaza. Seeing a little backup, developing at the bay bridge here. 5 01. Lets go back to the desk. A bay area billionaire man announced his report today. Tom steyer. Ktvus sarah zend an ham is on still crowded field. Reporter you might remember tom steyer said he wasnt going to run. But he has changed his mind. His Political Group spent more money backing political candidates in 2018 than nearly anyone el ....
Napa, 74. Today, 79. 82. 64, 77. Those are warmer. But theyre also below average. The system will bring rain to Northern California. By that, i mean, extreme Northern California. And points north toward portland and seattle. If you have travel plans there. We will get ready for the rain. Mostly sunny skies. Theres still an onshore breeze now. 50s with the temps. A few 40s to the north. 40sto 50s. Lima valley. 56. Thats quite cool for this time of year the fog will peel back. And except for a few high clouds. Golden gate. A nice day. Upper 60s, low 80s. 6 01. Sal is here. The bay bridge. People want to know what the bridge is like, coming into San Francisco. I think for right now, its pretty typical. We just say its about a 20 minute wait. Lets go to it now and look at the toll plaza. You can see traffic is going ....