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Man who spent almost half his life with the fire department. Oakland firefighters saluting one of their own wednesday may. To sean lafons flag draped casket left senate medical center. Dozens of Police Motorcycles and fire engines hopping escort his body. The procession passing city hall and several fire stations, ending in a chapel of the chimes, funeral home and oakland am aware an American Flag was hoisted by trucks. Laughing, just 42 years old. They died as if it was cardiac arrest. I was hopeful in getting the news five hours later that he passed away when the cardiologist came back to speak to the family and myself, it was pretty knee buckling. We are struggling, coping, grieving. Reporter intern fire chief Melinda Drayton new sean lafons entire 20 year career with oakland fire. He turned to me early in his car ....
Welcome to squawk alley for your wednesday morning im Carl Quintanilla with julia bore steen, mike san tolely with us for the hour dow is lagging down 60 jackson hole tomorrow, of course, were watching hurricane laura, the retailers but mike, crm, continues to astound. We thought 20 gain was impressive its now at session highs of 27 today alone on what bloomberg called the best revenue surprise in a decade. Yeah. Its pretty remarkable obviously the results themselves are emboldening people to say that this was as expensive as the stock has always looked undervalued or misvalued or didnt appreciate the durability of what theyre doing on the market share side of things for the longterm. What is interesting, too, if you look at it compared to some of the other software bell weathers over the last couple years, as big as todays move is, its kind of a catchup if you look at how microsoft and adobe in particular their anointing crm in ....
The dow as the president says the u. S. Government should take a cut of its deal. Apple inches toward a 2 trillion market cap. The price were looking for to hit that level is 4. 6777 about 27 above where we are now. Apple is up 1 today gold topping 2,000 an ounce for the first time ever. The precious metal is up as the market attempts to price in a postpandemic recovery, there are new signs the road back could be longer and bumpier than experts think steve is digging into the data good afternoon. Even if the forecast of economists for the strong second half ebound pans out, the u. S. Economy is still going to be in the e kwif lenquivalent of a reb year end the Unemployment Rate forecast decline from 11. 1 now to 9. 8 by december. Look at those numbers and the 9. 8 Unemployment Rate would make it the third highest among recessions we have done a good job of taking it dow ....
Concerns about a second wave of covid19 with cases surging past 2 million in the United States. Texas numbers have been hitting new highs and houston is reconsidering reimposing its stayathome order. We will continue to follow that. I want to welcome in kailey leinz. Is drivingabout what stocks down. Between 5 es ranging and 7 . In terms of what is driving it, probably eight multitude of factors. The grim outlook from the Federal Reserve yesterday. Layered on top of that, concerns about a possible second wave of the coronavirus and the fact that we have run very far, very fast. There may have been a little profit taking involved in this equation as well. You had small caps really underperforming. They have kind of been a proxy for that recovery trade. They were down 7. 6 today. Yields on the long and with the 10 year yield down about six basis points. On the day, out of the 5 ....