Maintain normal Monetary Policy for as long as possible and fixing will be key. President trump wants to return to the campaign trail as his doctors say he is not a transmission risk. The u. S. And europe are not on the list for easing curbs. Haidi markets coming online for the start of the brandnew trading week. Lets go to sophie kamaruddin. After inome enthusiasm cap the best week since april. Australia posted record shipments when it comes to iron ore, putting some down pressure on the commodity. Gold holding about 1900 per ounce, after its second weekly gain. 2300 for bullion, early 2021. The aussie dollar under pressure. It had fallen by 4 . 4 . The offshore yuan on the retreat. Looking forward to the fix to see if that will add more weakness on the offshore yuan. Futures, nikkei Futures Holding steady while the 106,s trading around testing the 65 day line. Todays south korean markets come back online after the long weekend. We have korean trade data later today. Won trading korea
Underestimate senator mcconnell and his ability to corral maybe as many as 20 republican senators who believe that we have a vshaped recovery which of course is what President Trump has been saying. Its the senate that we look to, i think all discussions between secretary mnuchin and Speaker Pelosi have not borne fruit. One of the things i think they havent borne fruit because the republicans simply are not in favor of giving the states money. Speaker flossy wants to give many different businesses and states money because they are all strapped will this matter to that i dont think so i wish it would, i mean, in business i think it would, but not in politics. I feel, david, when i look at these numbers and i look at whats happened to the president , of course, we wish him well, i think that somehow nothing comes together in washington that you would think. Theres not a kind of a sympathetic lets get together, lets stop the war of words. It just doesnt happen like that anymore. No. There
The dow down by almost 1,000 points the decline of 1. 8 . S p by over 8 the nasdaq a miracle come back after a laydate rally weve been bouncing around positive territory right now, the dow down around 14 points, s p up about seven points and the nasdaq up about 70 points. We are talking about a town month for the markets, we are looked at four sessions in a row. Thats the longest losing streak looking at these numbers, you are talking about these lower numbers. Month after month i think we had april, may, june, july, august are all up. Stocks only go up not in september. In an Election Year it can take on significance. The nasdaq can move. We can see it down 400 or more points can that close higher again today . Thats a good move you could look at it midmorning and then it seems like it is not the tale at this point kind of the log. Faang, tesla and the leadership move. Apple made the rally yesterday too. Gold is supposed to go up bitcoin, supposed to go up weird. Thats where you think
We request your patience in advance to enable public participation, sfgovtv is broadcasting and streaming this live and well receive Public Comment for each item on the agenda. Sfgovtv is displaying the callin number on the bottom of the screen. And comments are opportunities to speak during Public Comment are available by phone by calling 14156550001, and entering access code, 146 179 5679. When you are connected and would like to submit Public Comment for an agenda item, press star and then 3 to be added to the queue. Each speaker will be allowed up to three minutes. When you have 30 seconds remaining, youll hear a chime. When the allotted time is reached, i will announce time is up. Best practices are to call from a quiet location, speak clearly and slowly and mute your television or computer. Id like to take roll. President hyland here. Vice president matsuda here. Commissioner black here. Commissioner foley here. Jonas commissioner johns . Commissioner pearlman here. Commissioner
Moderately above 2 inflation, moderately is what it says in the statement but does not define exactly what moderately means. There are two centers to this action, Robert Kaplan wants to see the statement to the way it was pretty wants to statement to read the economy or stance will remain the same until the economy has weathered the storm and the economic storm we have here. Well cash on the other side dissented because he wants more dovish language in this. On implement rates, statistics are very interesting here. They have reduced now the planet rates rates and estimation of this year to 7. 6 by the end of 2020 grid that is down from 9. 3 from their june projection and then also 5. 5 from on a plummet rates in 2021, 4. 6 and 2022 and 4 in 2023. The real gdp prediction cut in half for the losses they are paired they are now saying its a loss of 3. 7 at the end of this year with a bounce back of 4 next year. The inflation, fed estimates that pce inflation is 1. 2 this year up from 1. 7