It was remarkably tame. The first thing i did was look at the bloomberg terminal to see if we could find some of the technical work. This morningned me is the reaffirmation of the in some form of recovery and enthusiasm for stocks. Later by ben laidlaw who is optimistic. Jonathan the s p 500 futures looking optimistic this morning, up 1. 5 . 1. 9 . Look at we have a look at what the markets will look like. Will it be sequential we can we can provement or will recovery . We have been trading on the former. We got the gut punch reminder not to forget about the latter. I think it was a letter that made a comeback. Last 24back in the hours in a more pronounced way. Tom no question about it, the pandemic updated it and there are new geographies of concern. It is important. S ed hyman is adamant that a vaccine is critical in the next year. He was usually hugely enthusiastic on the American Financial experiment. Jonathan the data has been getting better, but the pandemic number has been climb
At roughly 2 00 p. M. The president is expected to take the podium and unveil a policy action or slate of actions that is expected to significantly escalate tensions with china in the wake of the coronavirus and just months after that much harolding phase one deal was struck in january. You can see the reporters there to answer questions. This has been an announcement thats been telegraphed slowly throughout the week. Theres been an significant ramp up on behalf of the administration in the last week after china sought to impose a National Security law in hong kong that would crackdown on public demonstrations there. Since then, the secretary of state has told congress that hong kong is no longer autonomous the secretary of state certifying that is the case and that could result in some policy actions that could lead to the revocation of the special economic status in hong kong that allows that territory to be free of tariffs. That is one of the policy recommendations that was on a men
Khan, and im San Francisco mayor, london breed, here to provide you with an update on what is happening with covid19 in our city. As of today we have 1,994 casis of those san franciscans who have been diagnosed with covid19, and sadly weve lost 35 people and about 70 people have been hospitalized, and as a reminder, we want to ask folks to visit datasf. Org covid19 for more information. I have a number of announcements today, and i am excited to announce some good news for a change. I know that last friday we made an announcement that on may 18 there would be a number of businesses, including florists and bookstores and cosmetic stores and other places that will be allowed to reopen for pickup and Delivery Services. And the good news is that is still happening. The even better news is that we are able to extend this to all retail in San Francisco with a business that is actually directly connected to the street. And so what this means now for our city is incredible because were talking
Pandemic, essential workers in the United States have continued in their daily jobs to care for and protect americans, to produce and deliver food and essential goods, and to uphold our nations Critical Infrastructure. These men and women, our moms and dads, brothers and sisters, are putting the livelihoods of their fellow americans ahead of their own. Each and every morning despite the pandemic, they wake up and they go to work. In this fight against the invisible enemy, the critical logistics operators, the supply workers, medical professionals, and many others who are on the front lines responding to coronavirus could not be more important to our victory. They truly are our heroes. Folks, our nation cannot weather this pandemic without our essential workforce. They first and foremost deserve our gratitude. So today we want to say thank you. Thank you to our doctors, our nurses, and our Health Care Workers who see firsthand the seriousness of this disease yet put their own health and
There are no active considerations right now to reduce the indiscernible 31 , excuse me. The point is that if you thought that equity returns were not so good tactically, you could sell the futures now and buy the long treasuries without going through the option business. You could rebalance the portfolio right now. You have the discretion to do that. Just like you had the discretion to go to 6 treasuries that you didnt do for whatever reason. Well, we look at it that we are defensively positioned right now. Okay. And you dont thank we need to become more defensive tactically in the near term . No, we dont. Okay. Because in your memo you have mentioned how in the markets went down a great deal in 2007, that everybody thought it was going to bottom out and it went down greatly again. So it can happen again. I think that you mentioned how in your career and probably amongst all of us here you have the longest investment career but theres other people who said no one investing today has e