Africa command has been conducting a brutal barrage of air strikes inside the battered nation just security dot com reports that in the 1st few months of 2020 the u. S. Has already conducted at least 39 air strikes in somalia to put that in perspective africa carried out 63. 00 airstrikes during the entirety of 2019. In fact nick turse the fantastic journalist who has consistently been a thorn in africa side he points out that u. S. Africa command has conducted more air strikes in somalia than it did during all of Barack Obamas 8 years in office. Yes my friends it appears that while the world has been targeting covert 19 the Us Government has decided to target small humans i remember back in early april when the United Nations secretary general and tony will get better declared to the world that quote there should be only one fight in our world today our shared battle against cold with 19 we must mobilize every ounce of energy to defeat it well get this according to an Africa Press Rel
Online more Central Bank Action from japan helping fuel the bulls and despite all of that, oil plunging again, down more than 20 as we see one Energy Company file for brankruptcy. Ahead on todays show, were taking a deep dive on the path forward for retailers. That sector deals with the fallout from the lock down well speak with about the issues facing the industry and be joined by former macys ceo as Department Stores deal with their own challenges and bankruptcy concerns swirl around the sector were up 5 on the s p with 59 minutes left citigroup is up 8 still down 42 year to date. Lets focus on the big stories were watching today mike is is tracking the market moves. Meg has the latest mike, lets kick it off with you and the broader markets. After about two weeks of going sideways, the s p 500 gets a little bit of a boost today to basically the levels it saw at the post crash highs of ten days ago. Take a look at how it fits into the broader picture here 2874 is a number that we firs
Its the exact opposite. It says that would be a king. Robert next. Annocer this is Washington Week. Corporate funding is provided by life isnt a straight line. And sometimes you can find yourself heading in a new direction. Delity is here to help you work through the unexpected with Financial Planning and advice for today antomorrow. Aughter] announcer additional funding is provided by the estate of arnold adams, and koo and patricia yuen, through the yuen foundaon committed to bridging cultural differences in our communities. Theti corpo for public broadcasting and by contributis to your pbs station from viewers like you. Thanu. Once again from washington moderator robert costa. Robert good evening. It was a critical week for the trump presency. At its core it was about his decision to encourage the reopening of america. He veered from claiming total authority toultimately leaving it in the hands of states. But theres no doubt about where he stands. Earlier friy, te president tweeted
Look, any way you take it, employment in april was a disaster. We are looking at an Unemployment Rate that is likely approaching 20 . We get those numbers, the unemployment numbers for the whole country, next friday. However, got to tell you the backtowork movement is really gathering steam. States across the nation are modifying their stayathome rules. Businesses are reopening. Oklahoma reopens some businesses tomorrow. California will allow some elective surgery. This, however, is receiving mixed messages. President trump says georgia is reopening too soon. He says he strongly disagrees with georgias decision. However, he will still leave it up to the states. Heres a positive. The Field Hospital built specially for virus patients in houston, texas, may be dismantled, not needed, underused. Lets get to the markets. First im dealing with oil. Look at this. Moving back up again in price. 16. 71 is the production price right now, but production is being scaled back very very sharply. Sup
Jobless claims, though, 4. 4 million, bringing the total to 26 million over the past five weeks. Oil bounces, and the european pmis remain historically low 16 in france no, 10 in france 16 in germany. Jim, though, your tone this morning is relatively hopeful. Look, i am a creature of who reports and what they say. And i can literally i find it hard to remember as Many Companies as saying good things, even as obviously were in nidest of a pandemic, and i dont think theyre all clockeyed optimists. These are large cap companies. These are not the companies that the government is trying to protect. These are arguably the winners the companies that are going to get stronger i listened to lee, and Lee Cooperman was talking about what its going to look like on the other side i look at my desk. I have reports everywhere here these are all companies that are going to come through with fewer competitors. And that may be bad for the u. S. Consumer, but its good for the stock market david, would y