Humidity. Its exactly what we need at events since 1954. This point. 50 of those events bring and its virtual this year due to the pandemic, not open slightly average, above average rainfall. So a lot that well be watching what it will look like for the for the public. Next couple of months. For as we go into the next family members will visit today in small groups. A pretty high chance of la nina how can i, when you wont take it from me several months. We tknow that dry weather is no developing, cooler than normal good morning you. Thank you for joining us on this what we need at this point. Water at the equatorial pacific. Lets head over to mike for an friday morning on today in the bay. Im marcus washington. Update on the commute. You can go your own way youve been tracking a traffic and im laura garcia. Alert. We are seeing that happen now yeah, and also that humidity so our other big story this near that blob that we have. Go your own way in the air. Morning talking about the fire
Seeking benefits in a sign that economic pain of this pandemic is far from over tax according to an analysis but the chamber of commerce in 59 minutes left of trading in the day. The city says the tax could yeah, tiny leg lower. Result in companies wanting to leave the city and, guys, its down 0. 4 . Not just here in San Francisco only two sectors, energy and but also in seattle. Theres a proposal to tax big staples in the green still coming up, Digital Finance businesses to pay for covid19 company sofi landing the number relief back to you. I mean, could it could eight spot on this years disruptive 50 list encourage companies to leave the well spee with anthony noto worst case, of course, is something that is structured this way is it could encourage formerly of twitter, Goldman Sachs, and the nfl about his Companies Companies to companys efforts to take on the get rid of some of the lower big banks. Were looking forward to that paid workers one. First of all, lets focus on the big st
Which means they were the vast majority of the comp sales the in store sales were. 9 . The stores fulfilled 80 of the digital orders in some way Brian Cornell said the retailer will spend 500 million from the beginning of march through july 4th on higher wages and other operational expenses related to the covid crisis so this spending goes beyond q 1 into q 2 not directly comparable with what we heard from walmart yesterday. The sales came at a cost their operating Income Margin was 2. 4 compared to 6. 4 in the same period last year and the gross margin rate was 25 compared to nearly 30 last year but then look at lowes, Michael Baker calls lowes perhaps the most surprising result of the quarter for retail their comparable sales grew more than 11 total up more than 12 in the u. S. Thats only the fourth time in at least ten years we think that lowes beat home depot in the u. S. Both retailers had identical online sales growth in the quarter of 80 but that is a huge growth compared to las
With strict conditions will be allowed to compete under a neutral flag. Russia has 21 days to appeal the decision. Former fed chairman paul paul volcker is dead. He broke the back of u. S. Inflation during the 80s. Later, he led president obamas efforts to rein in the investment risk of commercial banks. That led to the volcker rule which the banks hated. Paul volcker was 92 years old. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie and at 6 00 p. M. In hong kong. 0 a. M. In im a vonnie quinn. Welcome to bloomberg markets. From bloomberg world headquarters, here the top stories from around the world that we are following. We are on the cusp of a busy week with a lot of potential catalysts from the fomc meeting to the looming americachina tariff deadline. Plus, the u. S. Winter flu season is off to its earliest start in more than 15 years. We will tell
Rates. Mortgage rates post about 5 a year ago and that put a stop on the home buyers in the market place. Because when Mortgage Rates go up that means the monthly mortgage payment is taking that much of a bigger of a bite out of family income. Reporter holly bartells has seen prices sliding for more than a year now. The trend over the last two years it is definitely come down. Reporter in her market of willow glen she has less all cash buyers and see a home sit on the market for 25 days before a sale and a couple of years ago it would sell in less than ten days and get several hundred thousand dollars over asking price. If it is in a beautiful neighborhood all fixed up, highly desirable property you will get multiple offers. It may not be the numbers we saw two years ago. Probably wont go crazy overasking but get maybe two or three right around the asking price. Reporter in september this year core logic properties the median sale price for all homes in the bay area was about 778,000.