It was also what came out of pmis. Taylor we had great pmis data. Really showing a divergence between the pmis that you were looking at out of europe where that recovery now seems installed. Most of the analysts said the pmi in the u. S. , dont take us one piece of data as the endall beall, but coming in higher than expectations and that existing home sales data, huge, not only talking about the move to the suburbs but the prices and demand, really something that shows the Housing Market not only in a recovery, but booming. Caroline we were hearing about the potential in real estate and diversified assets. Talk to us about those bets you are making. Where are you looking in that area . Christopher private equity is slow right now. There are not a lot of transactions. People cant travel and do their due diligence. The estate, we are on commercial side, not the residential. What is the value of a mall right now . The departments remain strong. The Office Market is uncertain because none
Has been recently. And the debate is intensifying over whether distanced learning is the right answer. Not only in San Francisco but across the bay area. And across the country as more and more schools decide to open the question isnt whether distanced learning is working. Im a teacher, its extremely stressful to be providing remote instruction. Because i know it doesnt work. As teachers and students grapple with the new reality, parents like guinea are balancing work and home schooling but theres concern children will lose scholastic and social skills that cant be taught through a screen. All these intangible benefits i feel offsets or u kn compared to the Health Implications and the spread of the disease. Its hard on them. They feel bad about it quite f for parents who are oftentimes tryingd en also trying to help their kids learn. But record breaking numbers and new covid cases, positivity rates and hospitalizations in many part of california are leaving districts like fremont with
As a long Time Employee of valley water, i know the operations, i know how to basically navigate within the community. But i think i bring a unique view, especially at this time right now, being able to make sure we have equity in everything we do. Both internally and externally with this organization. Calendar worked at valley water for 24 years and was chief of external affairs. He might be best known in the community for his role as the president of the Silicon Valley chapter of the naacp from 2000 to 2008. The current president called his appointment as ceo of the water district, historic. Most water districts in the boards across the state and the nation have been dominated by the white majority. And hes concerned about the latino and African American communities who have been left out of water policies and water considerations in the past. Calendar will have his hands full leading the water agency through the pandemic and the ever looming possibility of drought. While still overs
Above 39, jim. But this morning, well watch maybe a tale of two cities if new york can do this as they reopen offices and hair salons i think new york is taking a big risk because new york has beening ino ing inumber one when you have the least covid, i guess maybe you can say its time to open but also to be the least covid for a little bit i know you need to do it because too many businesses that are going to go under. Just be too long and the cash flow is too low. I worry about a bit of a spike because it is great to be a state that you feel safe in and, yes, i want my, i dont have to worry about my hair being cut but yes i want these businesses open and get cash flow its been just a delight to having lost vigilance but little less nervous on fathers day pretty good. Interesting kudlow saying a moment ago he does notanticipate another nationwide lockdown but one thing that friday did demonstrate that apple and cruise lines will curtail their own operations if they sense any need for
Bad session like we saw in the u. S. , snapping out of gains. New york futures are slightly higher. The dollar is stronger. We saw quite a bit of steepening in the Treasury Curve. Youre seeing the threeyear at around 24 basis points. We did see the spike in yields, slightly off that now in the Asian Session after the treasury unexpectedly announced that refounding announcement. Boosting that issuance on the long end of the 10 year and 20 year with the auction so markets are bracing for that surge in supplies. Were also watching currencies, remedy still very much in focus here today. The message the last couple of days has been calm down, we have slightly stronger fixings here. Were seeing the renminbi slightly down. We are continuing the rally of brent crude, slightly higher by half of one percent, just below 30 bucks for brent. Looking ahead to the data now. China set to rae release trade figures later today. Exports likely dropped 11 from a year earlier compared with a 6 decline in m