Sharp snapback connectivity. It is a phase four package necessary . I think it is. The economy can get by without it until the election. Will bringnistration forward fiscal stimulus plans. I think we can make it to there. It is necessary as long as we get it in the next 12 two quarters, i think the recovery will be ok. In the meantime things are a delay ing, and ongoing negotiations does not help things. I think it hurts confidence and slows down economic momentum and prevents a quicker recovery of the economy. Back and forthd among three parties. The president of the United States, the Senate Republicans come in nancy pelosi. Hard to know where we are going. How big thef packages, there is a sense of whether it needs to be targeted or general. Can we if it does not address broad state assistance . Michael i think getting anything is better than getting nothing, for sure. Even if it were targeted on specific sectors like airline and maybe Small Business, that is better than doing nothi
Speaker pelosi under huge pressure to jumpstart the stimulus talks. A lot of people saying that. Francine that will filter onto the markets. Lets get straight to bloomberg first word news. Ritika good morning. Republicans are pushing back against Donald Trumps refusal to commit to a peaceful transfer of power. Mitch mcconnell tweeted the process will be orderly, just as it has been every four. Years since 1792 also every four years since 1792. The senate also committed to a peaceful transfer of power. Democrats have started drafting a new stimulus proposal that could get past the house next week. Smaller than the package the house passed in may, it is still larger than Senate Republicans say they can expect. President trump said he will go as high as 1. 5 trillion. In the u. K. , rebel members of the conservative party are threatening to seize the parliament to block new coronavirus rules. At least 40 tories have put their name to an amendment wiping out the government majority on the
They will offset anything that ipos youpen from the mentioned. Did the work today and power of the top 10 stocks is phenomenal. That translates into the broader index. When you take those cash return yields and compare those, you can make some basic assumptions about the cycles going forward, economic growth, drawing in classic recovery. 3200, 3250. I want to be buying stocks hand over fist. Romaine you have some Great Research year, breaking down these evaluations. Curious, once you get beyond those big cash generators at the top of the market here, we saw this week and lastly, a lot of people buying what would be at the bottom of the market. A lot of those fallen names in the industrial space on the general idea that those valuations were too low and if you are a believer in this recovery, then why shouldnt you be in a fedex for packaging corps. Dennis i would ticket a step further. Of the fed has made it clear that they want real rates to be negative. On an applied basis, if you tak
Is refusing in every possible way to respond to requests for information on the alleged. Claim at least from russias prominent representative to the chemical weapons watchdog. In an interview to. The Russian Federation has been waiting for answers from our german colleagues the general Prosecutors Office has sent 2 requests for Legal Assistance unfortunately we have not received any answers there were various explanations from the german side firstly there were references to National Secrets the german said they were afraid of revealing secrets and german technologies during our specialists acquaintance with the results of the analysis in a boon to swear laboratory. Then our german colleagues started talking about the necessity of the prior approval of look sane of all these relatives after that they referred to in a volley himself all in all the germans have delayed the response in every possible way through deliberately delaying the process impeded the completion of the preliminary i
31,000 as compared with 110,000 for white fames. As many as 19 of black children in San Francisco live in poverty. Black and African American individuals comprise 35 of the citys unhoused population, despite making up only around 5 of the population as a whole. We have been pushing for reparation for black people here in San Francisco for decades and we have continue to see our organizations disrecorded and left out of receipt of vital resources and in these times of continued system d systemic discrimination of black people, we have to be strong with our solutions. In other words to provide a real opportunity for equity, we need to repurpose resources and give them to the black community to tlefl Playing Field and achieve successful outcomes. Thises a concrete, bold and immediate step toward true reparations for black people and im urging all of my colleagues to support this redistribution of resources from the San Francisco Police Department to the black community. Also today, im sub