This was hosted by the hill newspaper. Mr. Secretary, thank you for joining us this morning. I want to get right to the news. 2. 4 million new jobless claims of unemployment this morning, several Senate Republicans said yesterday they want to see some action now on the next relief package. Is another package necessary and if so, when . Secretary mnuchin well, let me comment first of all, im very sympathetic to the people who are not working at no fault of their own because we close down the economy and as we slowly reopen the economy in a safe way we will get people back to work. In the current cares package, there is several parts of it that are designed to help those american workers. One is the ppp and getting people back to work through that process. The other is the Economic Impact payments which are the direct payments, and finally the enhanced on Employment Unemployment insurance. We do need to fix where in certain cases we are paying more than they made, so we need to fix that.
Basket size and looks at the issue of what happens when you are able to open and a lot of your competitors are not right i think Doug Mcmillan has the four stages of, lets say, the opposite of grief and acceptance its more like acceptance and euphoria at the beginning theyre stocking up. By the end theyre buying tvs. He laid out a course that i felt was very, very optimistic. But not that optimistic for anybody who competes with him. When you hear what hes winning in, its every category that the Small Business guys do its the bicycles. They have the good tvs going boutique games owns all of that now he owns video games now. There wasnt anything that i heard that did indicate that you go to walmart instead of a Small Business david, doug was very interested in the fact that you bought your pullup bar there, that you might have gone to a gym, but you took that order from a Small Business guy and you gave it to the king yes, i guess that is true the power tower, it wasnt cheap. But its di
Bullishness as manifested by a huge part of the market, i call it the 11 11. 5 trillion portiono the market, which is related to the cramer covid index you cant get enough of these stocks these are the companies that do best when you stay at home whether it with General Mills, a surprise preannouncement that was extraordinary yesterday or a lot of the apple number bumps today. Even just out of the woodwork abbvie put on the recommended list why . Now you can stay at home and go get your botox there is just absolutely a level of bullishness about this stay at home, work at home market then theres the rest of the market, which is just awful. And astonishing. Well get to calhouns comments on the today show in a moment i know you have logitech on tonight. Sales up 13. Theres a lot of web cams, mice, and keyboards that are being bought right now if you want logitech. Its so interesting because soi. They have a particular mouse that is almost as good as a wired mouse. People want that becaus
Close, the dow down 57 points and the s p 500 down 2 and the nasdaq snapping a sevenday win streak so whats the take on the Market Action guy adami, made it in like under the wire, your box slid in there, appeared, bam, there you are. Sweet hi, mels hi, guy how are you so we talked about books we read in college last night. This is going somewhere, by the way, and last night i mentioned 100 years of solitude. I had to read the moby dick you might herman melville, remember that one . Yeah, of course its about 570 pages and someone like me you sort of skim it, but every once in a while you get to a page that seems important so you bookmark it, you know what im talking about . Someone like you that has the highlighters no, i didnt defile the books. Fair enough i defiled, but todays one of the days you want to bookmark and its for a number of reasons and i have no idea yet market reversed today, but the market reversed today and look at three stocks in particular look at the move in apple
Steeper decline. We will have the first numbers. First contraction in 6 years and also hearing from Federal Reserve jay powell later today. Also another big day for earnings, boeing is in focus this morning, wall street journal reporting reporting thae aircraft maker is facing criminal probe into Quality Control issues on still grounded 737 max fleet. The company also reported looking to raise capital to major bond sale. On tap before the bell this morning, General Electric is out with its earnings along with master card and ensurers anthem and humana, after the numbers attention to microsoft, facebook, tesla, markets are higher, take a look at futures, gain at the start of trading, dow futures right now showing a gain of 180 points, three quarters of 1 . S p is up 25 and nasdaq higher by 93. This after the dow, nasdaq and the s p 500 erased early gains yesterday to actually end lower. Dow industrials were down 32 points at 4 00 oclock on wall street yesterday and nasdaq down 122 and s