Good morning, everybody. It is so good to have you with us the rush to find a Coronavirus Vaccine is growing more urgent as states push ahead with plans to reopen heres when a you need to know about at this hour cov covid19 has claimed lives california, texas and kansas are among five states where cases have increased by at least 10 over the last few days the number of recurrovered patit is closed to 90,000. Then on saturday, golf courses and Car Dealerships can open in new orleans with safeguards but starting monday masks will be required at the airport. California is getting a huge refund from china. The state reached a nearlyo rec 200 Million Masks per month from china. 247 million is being refunded after the company failed to meet a certification deadline at the end of april gap is taking steps to get back to business the company says it is preparing to reopen 800 stores by the end of the month and its National Nurses week. Mark wahlberg showed his appreciation by delivering 600 me
Money jackie stocks are in the green as 373 million americans filed for jobless claims in the last week. Oil prices, unexpected surge in chinese exports boosting hopes that global economies are also on a path to recovery from the Coronavirus Crisis but how will wall street react when tomorrows jobs report comes out . Joining me now former dallas fed advisor Danielle Dimartino booth, bny mellon chief investment strategist alicia levine. Lets start with you. Well talk about the numbers tomorrow. The positive thing in the weekly claims, weve seen five weeks in a row where the numbers are going down but investors like that. When they get hit with the unemployment report even though theyre expecting it and see doubledigit unemployment how do you think the market will react . Look i think the market is expecting somewhere between 17 and 20 unemployment to print tomorrow. This is a little bit of a backwards look. The data stopped three weeks ago. Were reading it out on may 8th, not the first
Sure it helped but we were roaring long before that, thanks in large part to efforts of two brilliant chief executive officers stocks were high dow and nasdaq and much comes to the performance of two stocks, cisco and walmart. Which pleasantly surprised us with their numbers these are both turnaround stories people nothing proves worth of a ceo like executing a turnaround. Doug mcmillon, took over three careers ago and led remarkable revolution at retail giant where 100 Million People shop each week, monster company. First thing he did, drop a bomb. Told us would spend as much as possible to take on amazon, seemed fanciful at the time but said do with service and better paid work force. Understood the weakness was keeping good people. Training new people is dead weight raised price they paid people. At the time viewed as heresy now seen as brilliant. Walmart still run with input of the walton family. They want to win phenomenal 50 online growth this company runs like walmart of old, th
And tko. Boxing Champ Floyd Mayweather victorious against ufc fighter Conor Mcgregor in the fight of the century. Hes Still Standing thats it. The starstudded crowd watching the tenround drama unfold. And mayweathers promise about his future, as he says good morning, america. I guess so. Hey, good morning, everyone. Lets get to the breaking news. Harvey provoking an unfolding flooding disaster in americas fourth largest city, houston, texas. This is all happening right now as we come on the air. And the situation is, unfortunately dire. People trapped in their floodedout homes. Theyre fleeing to their attics. Taking to social media begging for a rescue. Theres a diabolical complication here. While these folks have no choice but to hit the attic, there are reports of tornadoes touching down all over the area, which could make the attic a dangerous place to be. Making matters worse, the storm likely to stick around for days upon days, dumping more and more rain. Exacerbating the flooding
Sheriffs criminal charges. And tko. Boxing Champ Floyd Mayweather victorious against ufc fighter Conor Mcgregor in the fight of the century. Hes Still Standing thats it. The starstudded crowd watching the tenround drama unfold. And mayweathers promise about his future, as he says good morning, america. I guess so. Hey, good morning, everyone. Lets get to the breaking news. Harvey provoking an unfolding flooding disaster in americas fourth largest city, houston, texas. This is all happening right now as we come on the air. And the situation is, unfortunately dire. People trapped in their floodedout homes. Theyre fleeing to their attics. Taking to social media begging for a rescue. Theres a diabolical complication here. While these folks have no choice but to hit the attic, there are reports of tornadoes touching down all over the area, which could make the attic a dangerous place to be. Making matters worse, the storm likely to stick around for days upon days, dumping more and more rain