Donald trump blocked overtime benefits for millions of workers. [ Crowd Booing ] he opposed efforts to raise the minimum wage. As the president said, he appointed Union Busters to the national labor relations board. [ Crowd Booing ] and, dont forget, he supposed socalled right to work laws. I remember a time when republicans talked about things like freedom, they meant it. They would never turn their back on our allies. But thats not these guys. Trump and vance, when they talk about freedom, means government should have the freedom to invade every corner of our life. They talk about small government, small enough to be in your bedroom. Small enough to be in your exam room. Small enough to be in your library, telling you the things you should make decisions about. The Harriswalz Campaign spent the Labor Day Holiday speaking to Union Workers in Battleground States. Meanwhile, Donald Trump and Jd Vance took The Day off from the Campaign Trail. We are now just a little over two months away
In europe. European stocks hitting a 20 bounce up from the bear market in 2020. A little bit of selling on the bond market as growth questions continue and Oil Takes Another leg lower. Lets get right to the bank numbers. Jp morgan shares up by about 2 . They reported blowout fixed income and trading revenue. With us now is Alison Williams is sonali basak. Sonali provisions for loan losses are really skyrocketing here, more than 8 billion expected. A lot of it is coming from the consumer business, where those provisions are more than 5 billion. On the other end of the loan but, we are expecting lower Net Interest Income this year. Also, as one would expect with lower interest rates, that would come into about 55 billion, lower than the 57 billion dollars initially estimated. On the bright side, we saw Net Interest Income for the quarter come in pretty healthy, and fixed income revenue beat by almost 1 billion. Trading was able to hold up. The question is, wasnt able to hold up well in a
The volatility continues to come down. 40 whenearly breaking it comes to the vstoxx. Monitor what is happening around the world. We are headed toward the european close. It looks more positive than it did earlier under the big story continues to be the efforts being made by governments to reopen markets, the effort being made by governments around the world to support Small Businesses and the everett for central bank to support the credit market. Lets get more insight into the bond and credit space. The fed and other Central Banks continue to make significant efforts. The fed is buying commercial paper today. Nice to have you on the show. We are in a situation where Central Banks are buying aggressively. Spacere buying in the bbb and the highyield space. What you make of price discovery right now . How realistic are these markets . Its a good question. You have had a huge bid to the market in the investment credit space and that has extended down the capital structure into highyield bo
He says he announce modification to the stayathome order in weeks. Sonoma countys Health Officer is looking to ease restrictions this week, and he is set to allow limited park access and that would later be followed for the go ahead by more construction work and Outdoor Activities like landscaping and gardening. Napa county made a similar move last week. Once the bay area gets ready to shelter in place for another month, other states are looking to get back to work. Good morning, kumasi. More states are following georgias and tennessees lead in all of this, and they will reopen restaurants and other businesses. What we are looking at right now is texas. The state will be allowing some businesses to reopen on friday. Ohio will allow manufre my fami emotional. But these guys need work. They need to make money. Washington state plans to reopen state parks next week, and new yorks governor will likely extend the shutdown in his state. Two more streets in San Francisco will be off limits to
Look at the fog, its thick around Half Moon Bay. The kra ceiling is about 200 feet, and we will have 70s, 80s and a few 90s in the east bay. Its quiet in San Francisco as we look south along the embarcadero towards the bay area. Look how rapidly we warm. 80 tole 8 at 4 00. But it will be comfortable by the time we get to 7 00, away from the coast in the 50s and most of us in the upper 60s to mid70s. Reggie . Thank you, mike. New this morning this is azar ahrabi, the santa claire yo woman was at the time of her death the first known coronavirus death in the bay area and just the second in the country to have died from the virus without traveling abroad, and she is more than that, she is also a beloved sister, daughter and mother. And Julian Glover had a chance to speak with this womans son. Julian. Good morning, reggie. She was warm and had a big smile and she was extremely caring. These are all the ways the man i spoke to, her son, amir, will remember his mother, azar ahrabi. Stop what