It is an extraordinary day. We are to have a conversation here on what do you do with your money given what we have seen. The fed upstaged by the bank of england today with actual talk about the process to affect negative Interest Rates. Jon they have stepped up the flirtation, that is for sure. In the last 24 years, the whole thing is relatively ridiculous. Theyre forecasting 4 unemployment for 2020, 2 inflation with rates still going nowhere. If they are willing to tolerate that, rates are going nowhere for a long time. Tom the dissidents of the press conference was some really weak questions. Right near the end, mike mckee stopping traffic with a question about the efficacy forward, the path forward for the fed. It is a mystery. Jon you brought up this News Conference a couple of times. Do you want to vent a little bit . Tom im going to vent. Im doing this with jon, who has real experience in europe. The questions that the ecb and see morengland informed them what we see in washingt
Screen completely different from yesterday and will call it a modest rebound but it was the big tech stocks that fueled the selloff in today though stocks also seen a modest rebound, certainly not recovering the losses theyve seen over the last three days but nevertheless they are back in the green. Take a look at tesla, that stock has lost around one third of its value in just one week. But look at it go today up nearly 7 and by the way well talk to the former Vice President of tesla coming up in this hour. Also tesla rival nikola solid spike after announcing the partnership with gm and come up will talk to the company ceo about the electric Vehicle Market in the fierce and growing competition. Meanwhile talking about competition in the race for the white house joe biden traveling to battleground states michigan to tout his new made in america plan, this ahead of the president s visit tomorrow and this morning by the way President Trump nominated for a Nobel Peace Prize by a member of
There is no substitute for what happens in the classroom in those moments of looking over a kids shoulder, seeing what they are working on, being able to correct them. John Martha Maccallum away and in a moment. But the latest on San Francisco schools, hi, claudia. Hi, john. City officials have run out of patience saying the Board Of Education and the School District have failed to lay out a conference of plan to get kids back into classrooms as soon as possible. Thats a violation of state laws of the city is taking its own district to court. Its been nearly 11 months since students here in San Francisco, along with millions of others across the nation started learning remotely. While many other districts and even San Franciscos private schools have resumed in person classes, Public Schools here remain closed. Even though the citys own Health Department says they could reopen safely with proper precautions. The City Attorney says District Leadership needs to get its act together. Unfor
Handle all of the different relationships. When you have money, that weak dollar, has fueled stocks going higher and old going higher out of the march highs for the dollar. Investors turn to the Precious Metals and gains for stocks cool off, it creates an interesting relationship. David exactly. It is hard to imagine the fed is going to say remarks that is going to strengthen the dollar. Maybe there is no alternative to stocks. Abigail in terms of the meeting this week, it is unlikely there going to say much. They may set the ground for what could happen this fall, but in terms of dollars going into gold, if you think about it from an allocation perspective, all of the fresh dollars investors have or as they take chips off the table from the big tech names, into gold, it could create the headline where you have gold searches again but tech stocks down. Not great optics. Hopefully it doesnt happen, but it is an interesting relationship with this week we have some of the big tech executi
Murders and shootings combined. The Police Officers union has come out and warned against additional cuts. Along with the chief of police. We did furloughs, layoffs, and weve still not caught up. We have 60 openings. And alts opposing this mayor sh who says additional cuts could result in Service Limitations for officers. Were talking about taking dollars away for things police dont need to do. Police dont need to respond to Mental Health calls, or traffic stops or interpersonal violence or issues with Substance Abuse prevention and treatment. Add resources to things like Mental Health and homelessness, those are all positive. But the idea of taking it from the Police Department thats all ready strapped dealing with those issues and Public Safety as it is just seems fool hearted. Lets go back to the two verses 14 million youre wondering how there could be a disagreement on that. Is it money strictly taken away from the department . Or do you count money reclassified . The Mayors Office