the bond sales and appropriation highlights, for esser 2010 six bond sales.were conducted and appropriatedlion for 2024, the city has issued three bond salesopriated for 112 million. and for had issued two one sales. and currentlg on the third bond salesk and issues and concerns, well, the price escalation, for the building materials is alwaa problem. skills shortages increased labor costs is also a risk. permitting review and approval delays, that's ongoing unfortunately. and supply delays. extending construction durations, local ordinances, and the last one the pga. we are still carrying it. however, the latest information from our colleagues at puc, informed us that pga much more favorable to issue, to provide us with secondary supply, not to not require the primary, good news, and we need tor to see how it works in practice lly next year we'll be able to report to you that it has been fully materialized. and with that, i will, introduce tahe first project manager, michael rossetto. good morning, commissioners. michael rossetto, project manager for severa

t highlights bond sales.re conducted and appropriated for 119 million for 2024, the city has issued three bond sales and appropriated for 112 million. and 2020, wed two one sales. and currently we are working on the from the highlights from the risk and issues well, the price escalation, for the building materials is always a problem.s shortages increased labor costs is also permitting review and approvals, that's ongoing unfortunately. and supply delays. extending construction schedule durations, local ordinances, and the last one. we are still carrying it. however, the information from our colleagues at puc, informed us that pga isvorable to issue, to provide us with secondary supply, not to not service. so this is good news, and we need to just wait a little bit longer to how it works in practice and hopefully next year we'll be able to report tohat it has been fully materialized. will, introduce the first project manager, michael rossetto good morning, commissioners. michael rossetto, project manager for

the bond authorization, and we expended 99.8%, so we a easter 2010 bond. is going to happen within a few weeks. for easter 2014, the bond authorization was 400 million. ande are at 92% expended, so there there's still a few items that needs need to be completed, but we are very close to also closing it. hopefully later this year, and for 2020 bond. which was appropriate was $628,500,000. up through june 2024, we expended 53%. and with that, that concludes our presentation. and we are open to questions. any questions or comments from the committee members? i had a questionalexis ward about the community outreach that you all do are doing for the cÉsar project, can you just give us an idea of w kind of, you know input that you are seeking from community members? what kind of questions you're asking about the project? yeah, sure. so we're presenting our updated design plan so that folks can see both whaót the new exterior will look like, because the historic that different, right? because it's historic. but there is the annex building replaced completely. so

i would want to see millions of dollars in bond money. that's former anchor tiny homes ceo chris pace. he now works for a different adu builder. pace says the bigger the builder is, the bigger its bond should be. you know, if i buy another car, my insurance goes up. if you add 500 more projects, shouldn't your bond go up? we told anchor tiny homes ceo colton paulus we were doing this story. we asked for his input. he did not respond. we also shared our recent stories with the contractor, board and local legislators who oversee the contractor law. the board told us cslb is willing to consider changes to required bonds as needed to protect consumers. assembly member marc berman wrote us and said the stories of customers being scammed by anchor tiny homes are deeply disconcerting, and i plan to explore possible legislative solutions in the coming months to try to ensure this doesn't happen again. there's a disconnect somewhere. these homeowners are counting on the state to take action if nothing changes. they fear future families are destine

i would want to see millions of dollars in bond money. that's former anchor tiny homes ceo chris pace. he now works for a different adu builder. pace says the bigger the builder is, the bigger its bond should be. you know, if i buy another car, my insurance goes up. if you add 500 more projects, shouldn't your bond go up? we told anchor tiny homes ceo colton paulus we were doing this story. we asked for his input. he did not respond. we also shared our recent stories with the contractor, board and local legislators who oversee the contractor law. the board told us cslb is willing to consider changes to required bonds as needed to protect consumers. assembly member mark berman wrote us and said the stories of customers being scammed by anchored tiny homes are deeply disconcerting, and i plan to explore possible legislative solutions in the coming months to try to ensure this doesn't happen again. there's a disconnect somewhere. these homeowners are counting on the state to take action. if nothing changes, they fear future families are dest

we'll send you our exclusive bond guide, free with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income are federally tax-free and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. >>> we're back. amd rallying on news it plans to acquire server builder zt systems. nvidia investors though not shaken by that news because right there on the screen, the stock is up near 4%. joining me is doug clinton opdeep water asset management. the firm buying that stock, nv nvidia. you finally decided to buy nvidia. >> it was too good to be true for us. nvidia is a stock that they are the arm supplier of this ai arms race. we have wanted to own it for a while, but for price. and we finally got that opportunity, the yen carry trade blew up. there were rumors about blackwell delays, their new chip. when the stock traded down into the mid-9

you are seeing a selloff today in chinese bonds. we did get data, chinese inflation on the cpi front. it is better-than-expected and an improvement from the prior month, but if you look under the hood, it is a bit more concerning because it is still a weak picture, and core cpi also fell. this is something that some of our strategists have flagged as emboldening china bond bull's potentially. paul: thanks. let's get more on that better-than-expected chinese inflation data. how do we interpret that data? what is the outlook on inflation for the rest of the year? david: first of all, if you look at headline numbers, you would think that the data improved. especially since it was higher than expectations, but if you look at the details in the data set, you can see that it was mainly crude or and mainly pork was supporting the cpi. as we adjust the said that if you look at the core inflation it was still lower than last month really, so that tells us that domestic demand is still weak, and unless we have a way to boost domestic consumpt

barry bonds inducted into the pirates hall of fame. he led the pirates to three straight division titles in the early 90s, while winning the first two of his record seven national league mvp awards. he spent seven seasons in pittsburgh before heading to the giants, where he played the rest of his 22 year career. now, bonds is not in the baseball hall of fame, mostly because of the steroids allegations that followed him in his final years with the giants. but he says he's at peace with his legacy. whether he ever gets into cooperstown or not. this was my journey throughout my career in pittsburgh was the greatest stop for me because i would have never, ever been prepared to go back home if it wasn't for the city of pittsburgh. my teammates that i played with, because i played with some good players, it was fun. those were good times. and you know, i can't thank you guys enough. i can't thank you for this. it's a great honor. on the pitch, the earthquakes on the road at real salt lake, cristian espinoza strikes in the 20th minute to give

that is latest on the bond market.d give you a sneak peek at the fx market. what you see on the screen is a weaker japanese yen. dollar-yen over the previous five days, move up 6%. the biggest five-day move back to 2008. absolutely whipsawed in such a vicious fashion. dani: so may people want to know is this over, has the knife fallen? part of that centers around the carry trade. you have this big unwind to the carry trade and all of these consequences. those trying to pin down how much further bigo, it is tough -- a much further we go, it is tough. even if you've unwound 50%, do you undo the rest of the 50, do you stay there? all of the numbers are difficult to grapple with. in the meantime you want to touch the japanese market? jonathan: there's a lot of this going on in the fx market. under surveillance, top stories. the government getting a win in the first major antitrust case against a tech giant, the judge saying google illegally monopolized the search market through exclusive deals, sink payments to make its en

you see this before equity in the bond holdings towards the bond prospect. my the philippine peso and why this currency. i think because under what we described. if you think about what has happened over the past week, people have lost on the short yen versus longer term or other carry trades within the rest of the region. if we had to re-base and say, i am seeing normalization but i'm not ready to really do a very big carry trade of over 10% annualized yield, i think what you want to do is a shorter yen are short some other asia effects and you want to shorten something in the region. there are three currencies. long indonesia, india which offers high degrees of carry, but you probably own them already. the residual would be the philippine peso. if you look at those, it's usually the fourth quarter that can benefit from remittance. taking all those into account, you don't have to pay anything, you get a bit of carrie. if you want to short the yen, you can short it and pay a bit more. it's not a heavily open position on the currency side as well. those are t

we'll send you our exclusive bond guide, free with details about how bonds can be an important part ofcialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income are federally tax-free and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763. when you're in the military you're really close with your brothers and your sisters that are in the military with you. and when you get out of the military, you kind of lose that until you find a new family. we can talk about our struggles and the things that we did overseas and not everybody can do that. adam! how's it going, brother? we live pretty close to each other. so he's always coming over. when i go to jack's house, we watch a lot of football, hang out. we go outside the friendship has kind of grown into a family i was overseas on a deployment. i got separated from my marines and i got hit in the neck, and it broke my neck and paralyzed me. 14 years ago, i was on a training

are not concerned about the bond market. you are seeing a severe movement in the stock market. you can ask the question what is riskier, high-yield bond or the stock market that people have been falling into for so long. james: notwithstanding what happened in switzerland. if you are an equity investor you are at the bottom of the stack. i do not think that people are talking about the large-cap defaults that are a reality if you have been investigating the magnificent seven or the large-cap indices. what has been forgotten recently is the risks that one is running in the compensation and the one that you are receiving. we could see a tenure treasury yield on the s&p 500 telling you that there is no equity risk premium and you are paying through the nose to invest in a riskier security that is not a bad thing if you are at the stage in a cycle where gross romaine robust. all of the conditions that would describe the end of the cycle have been in place for a number of months and unemployment has been steadily rising and inves

we'll send you our exclusive bond guide, free with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income are federally tax-free and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. >>> welcome back chip stocks are on a tear amid the broader market bounceback, up 16% just since august 6th s&p up 7% since then my next guest says the steep move in stocks is making him nervous. joining me now, stacy rasgon of bernstein research it's nice to see you you don't usually get nervous about these moves in chips because you've basically come on with me and said they're justified. what has you nervous now >> it's not even the move in the last couple of weeks the reason for the move the last couple of weeks is a couple weeks ago everybody was -- things were just collapsing, right? you kind of bounce back from that this is more a gener

don't need to be crazy long bonds.tt diczok on the latest jobless claims. jobless claims thursday is the latest payrolls friday. michael: at least for the time being because it is august. all of the traders are on vacation. everybody from the fed is on vacation. i do not imagine everybody wants to come back. jonathan: we will all take that break. 233,000 is the jobless claims number. the estimate was 240,000. that is the right kind of downside surprise. let's start with equity futures and rolled through the bond market. equity futures up .8% on the s&p 500, big outperformance on the small caps. outperformance encouraged by the bond market. checkout fixed income, treasury softer, yields higher on the 10 year, up five to just short of 4%. with an update on stories elsewhere here is your bloomberg brief. yahaira: shares of warner bros. are down in the premarket. the parent of cnn and tnt posted the second quarter charge of more than $9 billion after writing down the value of its traditional tv networks. write down reflect

money goes into bonds.ening in good times, at least relatively good times compared to where we have been previously. let's get an update on stories elsewhere. yahaira: u.s. special counsel jack smith has filed an updated indictment against donald trump on charges of trying to overturn the 2020 election. the new indictment cuts out claims related to trump's communications with government officials after a blockbuster immunity ruling from the supreme court. it is including the same charges accusing trump to conspiring to reverse the outcome. the parties are set to file the report with the case's judge later this week with proposals on next steps. warren buffett continues to unload shares of bank of america with his berkshire hathaway selling at additional $982 million. berkshire has trimmed its stake by him was 13% in a series of sales since mid july, generating $5.4 billion. berkshire still remains the bank's biggest talk with almost 904 million shares worth nearly $36 billion. another big podcast deal. trav

good news in the bond market to the bond market is doing what it is meant to do. it is rallying. we had a two year, the yield moved 50 basis points on the move last week, down another nine. the 10 year down three. we know how we got here, the data was weaker than expected. asset manufacturing, jobless claims thursday moving in the wrong direction friday my payrolls definitely moving in the wrong direction. how vulnerable are we to this whole story flipping in the other direction? a look at the week ahead, i want to circle two things. the ism services read later on this morning at 10:00 a.m. eastern time, and i would like to circle jobless claims thursday. for all this talk of 50 basis point cuts, the fed delivering an emergency rate cut, we will put real big question marks around those stories. and we have to ask ourselves come and 10:00 a.m. eastern time, if we get a hot ism service, a good one, how quickly does this story flip in the other direction? dani: the concern is the liquidity squeezes so bad now, it is hard to know where reality is. if people genuinely think we will ge

this bond will raise $20 billion, llio dollars, 2.4 for city and county of san francisco. , please weed voters throughout the whole region to vote for this measuranof you to please do your part to speak about this to your ndd networks and are to participate in which ever ay u can to support the passage of the measure. it is critically important to our ability and city of san francisco as a whole to fund the pipeline it has and see and develop new affordabng e throughout our community. that's what i got. [laughter] [applause] thank you. are all here. we hope the mayor has her opportunity u l and you have the opportunity to thank her and thank you. again, i will--roxanne yí4f sen you off intohe-- five minutes? oh, okay! what? the pole toss this will be mattand i were s toosition him to rned and his be ready to be a supervisor. i don't knowntifto share your story, matt? i'll share. i'm jkilling time. matt was sharing if it is that he spent some time as a city attorney spokesperson and had the fun job addressing e public about the cases the city were not winning. n apeciate it. it is a ha

bonds?would rather play the high-yield story suspending the cash in high-yield. we don't want to be underway in an environment where bonds can protect us. lisa: we were talking to sebastian page earlier and he was about how it is important to hedge against a multitude of risks in case there is a bigger downturn and holding hard assets in case inflation picks up more considerably for getting why in your asset location are you overweighting so significantly the idea of a soft landing and a positive economic backdrop? phil: it still goes back to this is an economy that is interest rate insensitive. you have an effective mortgage rate in the u.s. right now at 3.9%. the average effective mortgage rate when we had a zero interest rate policy was 4.3%. the u.s. homeowner with the biggest expense is paying less in their mortgage than the zero interest rate policy so i think there is still interest rate insensitivity and this is a cycle that has been trademarked by good behavior from not just the con

not only on this project, but also in conjunction with apple and the mayor's office the bond recyclingand to date delivered additional $250 million tax exempt bonds, which otherwisewould go unused, accept for this partnership. we are really proud that rela with the mayor's office of housing community development. this project wasfunded through our mixed income program and again, date, we have delivered 320million of subsidy funds across the state which reedmost 10 thousand units for low and moderate inco is a prime example of e clusive community we are trying to create for again, low and moderate income californians. we would again like to k the mayor office, tndc, bank of america, and fiancing scr i like to turn it over now to lori dunn. i didn't google you before hand. [applause [laughter] >> good morning. my name is lori dunn the vice president n manager for swinergon in the ha been an amazing journey. fe fortunate to delive over 200 units to downtocisco. we are a community builder and we really appreciate the opportunity to not only construct a beautiful building,s but to also be g

of riyal financing bonds for development projects and providing working capital. stock companies are one of these measures. according to mr. farzin, the issuance of 2 billion euros of currency sukuk bonds for the development plans of listed companies , especially in the field of petrochemicals and mining , is one of the other support programs of this bank for the stock market. the head of the central bank also said: "one and a half billion euros of foreign currency loans were allocated for stock exchange companies that have horizontal income and quick return projects , so that by granting this loan, stock exchange companies can increase their exports." the shares of automobile manufacturers are given only to domestic investors. this news and more in today's package of bahabazar news. babak ahmadi, head of iran's industrial development and modernization organization, shares of automobile manufacturers will be handed over to domestic investors . we will never hand over our parent industry to a foreign company. there is no agenda for handing over pars khodro separate

, some with a quarter or more than half of their assets in these bonds. that is what you have local authorities telling these smaller role banks -- rural banks to stop producing these bonds. right now there are not many alternatives. the chinese bond market has been outperforming the global markets, but when you look at stock market and property that is not where you want to put your money in. interest rates are so low it is cutting into profit margins for banks as well. tom: minmin low breaking down the data and the government response to challenges that continue in china. we have seen property prices falling less dramatically than some had expected, but that infrastructure component is a surprise to the downside. that ties into what is happening with iron ore, prices currently below $94 per ton. at the lowest level since 2022. intraday down 2.2%, another day of downside for this key input into the global economy. china is the biggest consumer of iron ore. a drop of around 30% for the year. china steelmakers talking about a crisis, and we know they have

locking in good bond yields right now and trying to find cheap stocks. >> mentioned bond market hinting0-50 chance. it may be a moot point by friday at 4:00 but what are you modeling now with respect to the rate cuts? >> slow at the beginning, then we'll see more in our view into 2025. this year we think the bond market is pricing in a bit too much optimism around rate cuts. 50 basis points seems aggressive right off the bat. unless there is real weakening of the labor market. we think the dollar could get a bounce here. the bond market is pricing that in keeping the dollar a bit weaker f we get a nice dollar rally you want to be in more u.s. equities versus international. the short end of the curve could come up and invert a bit more. we want to be patient in 2025. we see a lot of rate cuts more than the market expects. that is where you get paid off in the bond market. charles: that is a lot. street said 200 basis points. you're talking a lot. last week cyclicals versus defensive, we see this bounce around a lot just a massive move out of cyclicals. are you yourself getting more defen

vladimir duthiers paid a visit. >> bond, james bond. >> bond, james bond. >> reporter: his identity isbeen played by dozens of actors in several film. >> good-bye, mr. bond. >> reporter: it's shaping the quintessential image of globetrotting bond. with his smooth demeanor, dapper style, daring stunts, and fancy gadgets. ♪ >> did you ever read one of the books or see the movies and say, that's exactly how it happens? >> i've read most of the books. >> reporter: johnna mendez, the founding member of the board was chief of the cia. often dcompared to q in the bon books and films. >> we were magicians at certain points. not actually the performers on stage, but the people behind the magic that built the illusions and the deceptions. >> reporter: but before that, she was a photo operations officer focused on concealing cameras. >> you could take 100 pictures to develop it, your heart would almost stop because you knew the people that had taken the pictures had taken huge risks. >> reporter: she mastered concealing identities later. >> sometimes you would do a couple of dental facades, maybe

let's talk about the bond market.ond market suggesting this is an economy that is robust. how do you understand and reconcile some of these discrepancies? darrell: you put it well earlier. i wake up in the first thing i look at is the two year treasury , followed by the japanese yen. those are the two elements. the two year treasury at 4% to 4.25% does not sync with night interest rate cuts between now and next year. the math does not work. you have 100 basis points priced in for this year alone, much less what we will do in 2025. we are right back in this camp of who is right and who is wrong. or are we going to get nine interest rate cuts? we have seen this moving before, we do not believe it at the beginning of this year on the six interest rate cuts. we do not believe it at the beginning of 2023 when the fed funds futures priced in three interest rate cuts for the back half of 2023. third time is a charm. i did up believe the seven to nine. that is the reason why we are cutting aggressively. it is not because we a

bonds are rallying. yields are lower.ession. 10-year, 393.95. all eyes on the labor market. >> the labor market is not necessarily on the precipice of breaking. we have seen a loss of momentum. nonfarm payrolls with increased volatility but an average pace of over 200,000 thus far for 2024. that's indicative of a relatively solid labor market. jonathan: counting down to the july jobs report at 8:30 eastern. the median estimate calling for 175k. sarah house has this to say. our previous call was 180. we are incorporating the jobs market data in the last few days. sarah joins us for more. that's a good place to start, the data in the last few days. it was a little jarring enough to bring down your forecast. sarah: it was really a confluence of the data this week. it started with the last of the fed services pmi's that showed on average he saw hiring in the service sector. be index -- the index defined about 2.5%. the gross hiring rate back to 2014. you look through later in the week, more drift in jobless claims i think the

we'll send you our exclusive bond guide, free with details about how bonds can be an important part ofincome and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income are federally tax-free and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763. i was only 23 when i was first diagnosed with non-melanoma skin cancer. 40 years later, i've had almost 20 mohs surgeries. i had just accepted that the pain and the scars were going to be part of my life. but when i was diagnosed with two basal cells on my face, i became determined to find an alternative to surgery. if you, like millions of others, are affected by skin cancer... it's important to know that surgery isn't the only option. there's another choice. gentlecure. it sounded like everything i had been looking for. gentlecure uses low energy x-rays to kill skin cancer cells with a 99% cure rate. plus, there's no cutting, no surgical scarring and no downtime. i'm so glad i did it. it was succes

yeah, it's the bond.the state requires all contractors to have a bond to pay back customers if a contractor fails. it sounds good, but it turns out california's bond offers far less protection than you might expect. they got me. i feel scammed. i just want my money back. all around the bay area, homeowners tell us they hired anchored tiny homes to build a backyard adu, and they prepaid for some or all the work. about 40,000 plus $80,000, $315,700. but now these families have unfinished projects. why? the company ceo told us it was just a failed, mismanaged, growing business. i want to know where my money went. the people who've contacted us say they're out more than $1 million collectively. others in a facebook group say they've lost at least another 4 million. i mean, on one level, we feel relieved that we weren't the only ones scammed. but on another level, the scale of this company's collapse is dealing a second blow to these families. the builder says it's exploring bankruptcy, and the state has filed

sonali: how do you put money to work in this bond market now? >> it is better to look for long duration bond whether investment-grade or even high yield. certainly, the fed is still easing. there is no chance of the fed will raise rates. this says the trend in treasuries is down and there is supply scarcity of investment-grade and high-yield bonds with issue would slow compared to previous years. there is still tremendous appetite for your paper. sonali: fascinating that you say that about the supply. our brother, as you know i have been obsessed with this story, about the way treasury issuance has been brought about. concern about activist treasury issuance. do you think there could be issues down the road when it comes to treasury issuance? where could they come from? ira: i am not one that says the treasury is active issuance and all that. because the treasury department's job is to minimize debt payments for the taxpayer in which congress passes massive budget deficits all the time. i think the risk is as interest rates come down, there will

but what a complete bond makes sense. what's your opinion on this? let us know. floods, droughts, while fi is extreme, weather events are becoming more and more comments. so what exactly will happen to use it to your neighborhood and your house to help us understand i'm calling about the effects of climate change. the new has launched a gigantic project, a digital twins of trying to us this still twin. what is that? again, a digital twin is a virtual representation of an object or a system. it mirrors the real world counterparts. digital twins are designed to be realistic and a i is used to simulate various scenarios. those are meant to help us make better decisions. the is project destination of destiny. good, for example, as the question is like, is this the right place to build my house? what else can we use? destiny for? various simulations will be accessible through the destiny of thoughtful the i can show you things like what might happen when a flood hits your neighborhood or how different climate scenarios could affect tourism. in your region

we are checking the bond market and the yields hitting the lowest level in months as the prices for bondsurged. benchmark 3.75%. the two-year below 4%. the 30-year hovering just above a 4% read right there. we want to take a closer look at the tlt. that tracks the 20-year treasury prices. sharp move to the upside from friday. a lot of people calling this a flight to safety. up over 5.5%. again, we will talk more about bonds throughout the show. we want to look at cryptocurrency. assets lost in the crypto space. you can see bitcoin down 11%. xrp down 12.5%. ethereum is hard hit with litecoin down 15%. as we said, a sea of red on wall street and overseas. japan and europe. we have silvia amaro in the london newsroom and we have jp ong in asia. silvia, over to you. >> good morning, frank. indeed, those concerns started stateside about the potential u.s. recession are having ramifications across the global. the benchmark stoxx 600 is trading at a six-month low. as you see to my left, it is red across the board. we see the swiss market down 2.5%. here in the uk, the ftse 100 down by more than

the company never completed the last two buildings, although it sold all the housing bonds. yes, the manager suffered a well-deserved punishment, but... to prevent this from happening again, the state control committee proposed banning the issue of housing bonds. since 2021, housing has mainly been built using shared equity. irina sovetskaya enters her long-awaited own two-room apartment, next to the metro building, the windows overlook a wide avenue, excellent infrastructure, not an apartment, but a dream, only it will come true i should have 9 years ago, i dreamed that i... would live in this apartment at 40, now my child is already going to the ninth grade, i'm sorry, i'll soon be 50, and i'm still dreaming in my apartment, that is, a good story that began, well, so very inspired, ended personally for my family, i think, all this house is not very fun, a private country house, a car, a garage, she sold everything to get the coveted keys to the capital's apartment, but who knew that the developer would simply flee the country, we wrote to the president so that he could som

you want to buy bonds specifically municipal bonds if you're hiring the consumer. like real estate and regional banks because i think people start their rotation and short-circuited. i think it's the right place to be if the fed is cutting rates. that brings it back to semiconductors. people are probably sufficiently overweight semiconductors but if you look at the pullback in valuations we are getting close to the lows we've seen in the last year in the earnings expectations for ai semis in particular still going up. it's a great set up. >> is utilities back to being a bearish play because at one point it was in ai trade. anastasia: it is definitely a defensive trade. there's absently still the potential for ai upside and the fact we need to almost double our electricity generation capacity in order to service the data center and the ai opportunity. it is back to being the defensive trade. the fact it has a yield higher than the market, it does have economic resiliency and when we look at how utilities in particular have performed they held up better than most sec

funded by the 2016 plth and safety bond.are also receiving additional funding resources from the sfgh foundation grant and gift doimation. donation. the architect of record bureau architecture:constructor is isto substantial completion. ted completion date was april 25, 2024. wed a more traditional design bid the scope is in to all the other projects mr. oor. phase 1 and phase 2, the the plan area shown in the light blue. current work of phase 3 is highlighted in yellow and includes th new out-patient urology clinic, waste holding area and new accessible restrooms. currently 51 percent complete with ouwork areas, urology area has the working on waste holder area is working on the partition wall instillation. the 3a accessible restroom is ongoing and have framing instillation and 3c accessible restrooms are just starting th our construction barriers. here is mmary of the contract amount. the original construction million, 730, 831 dollars. the approved change orders to e 1-3 totaled 258 thousand, 417 dollars for total revised

how will japan market these bonds?ask because they are sending out a team overseas. we may have them in singapore soon. this is something that had tried before. the ministry of finance has a team of people who will go and show the world that japanese bonds are now the place to be, and of course, yields are much more interesting than they were just a few months ago. it may be that with more confidence in the stability of the yen, the fact there is a bit more openness in japanese monetary policy, may be more keen to put more money into japanese pods. the yield curve is pelleted -- relatively steep. if you go back 20 or 30 years and compare that to the rest of the world, japanese yields don't look so small compared to what is happening in europe. we have american yields coming down as well, so you have a situation where for the first time in many years at the long end the other, japanese bonds look quite good. >> we are also seeing that gap between the u.s. and japan on yields closing. i think there is an expectation we s

this bond will raise $20 billion, 2.4for the city and county of san francisco. we need voters throughout the whole region to vote for this measure, and we of you to please do your part to speak about this to your friends, m networks and are to participate in which ever wto support the passage of the measure. it is critically important to our ability and city of san francisco as a whole to fund the pipeline it has and see and develop new affordable throughout our community. that's what i got. r] [applause] thank you. we are gratefyoare all here. we hope the mayor has her opportunity to thal nk and you have the opportunity to thank her and we thank you. again, i will--roxanne to send you off ow five minutes? oh, okay! what? that's what we h. the pole toss is coming. this will be and my--i were talking what he learned and his experiences po be ready to be a supervisor. i don't know share your story, matt? [laughter] i'll share. i'm juskilling time. matt was sharing if it is that he spent some time as a city to spokesperson and had the fun job addressing thpublic ab

you are so close to the bond market with bond traders and the yields have been driven down.ons of people saying it is too much too far. what is the take? liz: it is clear and he has been the clearest ever that he would want to say for sure that he is cutting and they left open 25 and 50 and the pace thereafter. there will be a lot of volatility. but this gave all of them that they could take rates lower. it is a risk on. he said he does not want the labor market to weaken more. for now the take in the markets is right and now we have to parse how it goes. sonali: thank you for your time. we were talking about it so much more critical economic data ahead with tons of moves in the bond market. let us talk about the markets before we let you go. we have been talking about the rally. we have the s&p 500 up .6%. the nasdaq 100 is seeing similar vibes. they are up, but we are not hitting the records that wall street was hoping for this week. we are not even at session highs or where we were before the powell speak. -- powell speech. i am sonali basak, this does it for bloomberg ma

this bond will raise $20 billion, billion dollars, 2.4 for the city and county of san francisco.we need voters throughout the whole region to vote for this measure, and we need all of you to please do your part to speak about this to your friends, family and networks and are to participate in which ever way you can to support the passage of the measure. it is critically important to our ability and city of san francis as a whole to fund the pipeline it has and velop new affordable housing throughout our community. that what i got. [laughter] [applause] thank you. we are grateful you are all here. we hope the mayor has her opportunity to thank you all and you have the opportunity to thank her and we thank you. again, i will--roxanne to send you off into the-- five minutes? oh, okay! that's what we hear. the pole toss is coming. this will be my--matt and i were talking what he learned and his experiences to position him to be ready to . i don't know if you want to share your story, matt? [laughter] i'll share. i'm just practicing, killing time. matt was sharing if it is okay, that

avril: is it time to pile into bonds? what is the concern? simon: i don't think i would be piling into bonds monday morning. they are already looking pretty stretched to the upside but i think in bonds, we are in a buy the dip environment which i don't think we are in equities right now. you would only want to buy the dip in equities if you are very nimble. further downside before we see a more lasting low. paul: well, there's a lot of people out there today who will be trying to make money in this environment. how do you do it? where do you put money right now? simon: today, i mean, i am flat. i am sitting on cash. what i would be looking for is signs of a tradable low in stocks, the king for a very short-term bounce but honestly, -- looking for a very short-term bounce. i would be looking for a dip. i don't want to chase the rally. they already looking stretched to the upside but i think bonds are likely to outperform stocks from here until the end of the year. avril: what about when you look at some of the demand concerns out of china? mea

charles: your focus is on the bond market.'m not sure they came down for the reasons you thought they would come down. it was not earlierly pullback, a safe haven kind of move. because at 380, still seems sort of resistance point for the 10-year. >> except haven't had a cut yet. reasons why i like the bond market. the world is a mess. real things concerne five of the biggest names. microsoft 20% of revenue nvidia makes. that is scary to me, when they represent basically 40% of the market cap of the s&p 500. charles: these companies saying they will keep spending. we know they have the money if they want to. don't say wipe out of them. take some profit. charles: bring down your risk. less than a minute to go. you have some stocks that are attractive. ironically amazon in the list. some consider it a mac seven name. >> where is the bulge of spending will be? here. charles: bp, getting back to geopolitical issues. global economy doesn't look so strong? >> 5 1/2% dividend. what happens when it gets cold. what happens to energy com

we'll send you our exclusive bond guide, free with details about how bonds can be an important part offolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income are federally tax-free and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763. stuart: markets are in rally mode big time. nasdaq is up nearly 300 points, favorable inflation news. there's more inflation news out tomorrow. a lot are saying it's going to be favorable again up 200 on the dow, 300 on the nasdaq. home depot is moving, it's moving up. lauren: it was down at 6:00 this morning. stuart: yeah it was. lauren: down 3%. customers are delaying their home renovations because they are waiting for rates to come down. well, about two and a half hours after that report we got producer prices. they came in soft, hoping to cement a federal reserve rate cut, so this is a story about the economy and that loss turned into a gain. stuart

where did the bond sales come from this week?e are caught in the middle of a hugely volatile week. treasuries had auctions of threes, tens, 30's. of note was the 10 year sale, the lowest yields since july of 20 23. the 30-year auction tailed and spooked a few people. the primary dealer was awarded at the highest level since last november. gold turbulence from earlier in the week, halted high-grade u.s. issuance. by the middle of the week it was the comeback kid with a vengeance. meta led the way helping to push 2024 total over the trillion dollar mark. that hit that level at the fastest pace since 2020. u.s. high-yield sales came in to almost a complete halt this week until we saw a late-week flurry as risk premium on junk-rated bonds and spike to the highest level since november. seeing opportunities in credit. >> this has created opportunities in high-quality double b's, longer duration bbb. if credit spreads are still pretty low in the grand scheme of things, but there is definitely more opportunity. we think that if one of th

the net settlement of government bonds reached more than 91 thousand billion tomans this year. the treasury of the whole country announced that the government from the beginning of the year to the end of the week ending august 31 , 1169 billion tomans with the issuance and sale of guaranteed bonds. also, during this period, the government has paid 9127 billion tomans for the settlement of principal and subsidiary bonds. based on this, during this period, the total amount of cash attracted to the market by issuing bonds has reached a positive of 2539 billion tomans . tuesday deals glass hall with the price increase of about 60% of the market shares. came along stock funds also recorded the most inflows of money. the stock market saw the growth of stock indices in tuesday's transactions. on this day , the main index increased by 481 units to reach 2 million and 6823 units, registering a positive return of 23 hundred percent. homus index, which is a symbol of the trading price of small, medium-sized stocks in the market. the unit was placed. on this day, 7,800,000,000 stocks and b

that's where the value in the bond market comes. the value doesn't lie in your generic treasuries. you have to go outside into high quality mortgage backed securities remains one of our favorite trades. you can get government-backed bonds north of 5%-year-olds. some of those investors that are sitting park and tee bills should be looking to kind of move out the curb and lock in these yields north of 5% for as long as they can. at the end of the day, there's a chance that we don't have this soft landing and the fed needs to go more than the markets pricing in to get the neutral. >> isn't there going to be repayment risk, if everyone piles into this, and the homeowner is going, i'm refieing, i'm making a move too on lower rates. >> at the end of the day, we have come down from 8% mortgage rates in early '23 down to sub-7 now. so there's ways that investors can be protected from that prepayment risk. that's what we do as active bond managers here, there's ways to do that, and that's what we strive for daily. >> i know we are -- i'm jus

we'll send you our exclusive bond guide, free with details about how bonds can be an important part ofed in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income are federally tax-free and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763. stuart: i thought this was a good question but obscure. before the break we asked where is the oldest ranch in america? montauk, new york, richburg, virginia, will asheville, north carolina, you are first. ashley: here's my reasoning. it would be lynchburg, virginia because it is kind of old but i think montauk is an outlier because what is it doing on the list so i'm going with number one, montauk. stuart: i'm with you on this. lauren: i was thinking the same thing, montauk seems the most outlier in that group. i think texas, north carolina, i wouldn't think new york or montauk. i'm going with montauk. >> reporter: i've got no reasoning. i'm going with virginia. stuart: i'm going with mo

bond liquidity index. it is spiking.. in this case you mentioned higher means worse liquidity. we don't know what will happen with liquidity out of japan although they tried to soothe nerves this morning. has liquidity become too important with respect to financial markets? i felt there might be a time, maybe it myth making where markets move on fundamentals? >> markets move on fundamentals over the long term. if you have a time of warren buffett, buy some stocks, check them in five years, over the short-term, could be a month or two they could move on liquidity. what that chart shows that liquidity in the market is getting worse. part of that could be the carry trade unwinding we've been seeing. the concern always is that the bond market is such an important part of the whole financial plumbing, that when you have bad liquidity in the bond market things tipped to go bad in other places that you don't expect and it could have very big knock-on effects. now that hasn't happened yet but it is definitely a warning sign and