Fastest pace in three months. I think probably the fed needs to be here, but the october number is the one you want to look forward to. Lets get the totals of what we learned today. It is kind of a good news, bad news day in terms of the economy for some we have had one good, one bad, and michigan is kind of neutral. Retail sales of 1. 9 in the month of september, much better than the forecast and much better than the. 6 gain the month before. Retail sales, ex autos also big. Car sales were strong during the month. And then we look at the control group, the part that goes directly into gdp, and that was percent inly up, 1. 4 august. In august it was down by. 3 . A significant boost for retail sales in the u. S. Economy in september. On the other hand, that news on the manufacturing side, Industrial Production falls. 6, a lot of that because airconditioners were switched off, utilities went down. When youre factoring production surprisingly went down by. 3 . That was the bad news for to
Arrows dow futures indicated down by about 260. Weve seen down 300 this morning. Nasdaq also down sharply down by 200 points and the s p 500 down by about 37 so significant declines after two other days of losses also playing out in the treasury markets as well. If you want to take a look at what is happening there, yields have gone down, right now the ten year is yield iing below 0. a lot of this has to do with renewed lockdowns in europe. Lets get to karen cho who has more on what is happening there. Thank you very much we are witnessing losses across the markets as we contend with more news flow around more severe restrictions. Weve been hearing the last couple hour 24s that there may moves announced later on today, reports from various Media Outlets suggesting that london will move to a tier two restrictions the london mayor has spoken suggesting that the Health Secretary will reveal the changes in the house of commons. No mingling between households currently there is a rule of si
State response to athe pandemic and taking his aNews Conference on the road today in napa acounty. Last thursday they improved the Health Care Report the county is letting more businesses reopening a county officials a seeking approvala to move into the net phase including opening upa restaurants for dining and service we awill bring you the governors News Conference aonce it gets underwy. a the first part of phase two out aof four of governor chasm newsomsa effort to reopen started afor four bay area counties. Alameda, marin, san amateo and santa aclara counties in the city of berkeley will move into phase two aand read have a new clarence cnter anone has details. a the counties in the city of berkely entering athe next astage of reopening economies. This first part of Governor Newsoms roadmap to recovery allows the lower risk opening slick retail for acurbside pickup. a we have to stop Service Report and we take you love to anapa county work governor newsm ais live. Also, to make som
Than 98 aconfirmed cases and 37 people have died so far and we will bringyou the agovernors News Conference again as soon as it agets underway. The white house is recommendinga lets listen into governor nwsom. I want to update ayou on a number of anew efforts in the state aof california, and our Western State pack of governors. They are advancing a layoff on the update of the amount of ppe weve abeen able to distributea, which is foundationala in efforts to meaningfully modify our stay at home order. Update you on the adaily number and trendlinesa and preview a few things coming aup later thi week. Let me first begin by making a a statement reinorcing some of the words ive been asaying ove the past four weeks. It wasa just a number of months ago that california was announcing aa projected 6 billion abudget surplus. I awill remind you, this time last year the surplus was a projected to be over 21. 4 billion. a we were debating the size of the surplus aand how best to manage our budget w
Coverage, and im very lucky and you are very lucky to be here tonight with alexis wichowski, who is the author of the information trade how big Tech Congress countries, challenges our rights and transforms our world. Can you hear me without the mic . No. Can you hear me mean with it lacks also note. Alexis is the deputy where she runs a policy Experiment Lab trying to get vendors to compete for who can devise the best program to improve social welfare of citizens of new york. Shes an adjunct professor of communications at Columbia University and she spent a couple of decades studying issues extremely intense intensely as a member of the un mission, the state department and also thinking very deeply about them which is so clear from this book which i really admire. The [applause] this book maybe you want to start by taking a minute and tellingel us what those are and why you felt we needed a new category for them. Thank you for coming it is wonderful to see you all here. I think the bes