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July 16, 2024
A far better measure is the ten Million People who filed for jobless benefits in the last two weeks. Fed governor lockhart just told maria the jobless rate is already more like 10 . Clearly, we are in an employment crisis, and another report that comes up at 10 00 eastern will likely show the Services Sector in collapse. Thats a strong word to use but its accurate. Later this hour, we are going to talk to larry kudlow, the president s chief economic adviser. I will ask him how bad is it and he w...
July 16, 2024
What it means is that crude is having a really tough day. You have Oil Producers from saudi arabia, others, really trying to renegotiate a deal to reduce the output, but crude is not getting a lift on that new. Getting a look at the Retail Stocks we were looking at, after the massive route that we had, the Smallest Companies in the s p 500 are retail. Taking a look at the midcap index, macys was removed on the s p 500. 13 other companies within the s p 500 ended last week with him lower market v...
July 16, 2024
Changing life as we know it as the global toll now surpassed about 17000. 00 with more than 395000 total confirmed cases indias Prime Minister declared a 21. 00 day nationwide lockdown extending the restrictions to the entire country of 1400000000 people countries across europe are also looking to extend nationwide lockdowns are declining in italy for the 2nd day in a row offering a glimpse of hope italy had a world record death toll of about 793 on saturday that number declined to 601 on monday...
July 16, 2024
Boris johnsons condition has worsened although he is said to be in good spirits. The virus pushes australia closer to its first recession in almost three decades. There is no expectation that the rba will make any changes when it needs meets later. Shery lets turn to President Trump at the white house. He is giving a press briefing on the coronaVirus Outbreak. Take a listen. Pres. Trump 15 are in plans for critical trials in clinical trials. A Second Company enough the fda has authorized its vac...
July 16, 2024
Deb. I want to talk very briefly about two or three things. First, the issue of testing and how that has changed the complexion of the approach we are going to be able to take. Testing was an issue, many questions of testing in this room for number of times. Now that we literally have hundreds and hundreds of thousands of testing out there, there are a few things we could do with that. One of the things is when we make policy of what we are going to be doing with the rest of the country, particu...
July 16, 2024
Credit market. Thats coming up in the next hour were also going to talk to matt shay about the pain the pain out there with retailers weve heard about furloughs from gap to macys. What kind of unemployment statistics are we going to be talking about for the biggest private sector employer in the United States and do they qualify for relief in the new congressional package. Lets focus on the big stories were watching in this final hour of trade. Bob pisani joins us with a look at the quarter mike...
July 16, 2024
Theres an eerie quiet in the worlds urban centers is usually pulsating with life and culture the coronavirus has brought everything to a standstill and the odds of badly affected. Museums and galleries a close to the public. Cinemas and theaters have shut down concerts and festivals canceled the livelihoods of artists and everyone in the culture sector are under threat and all of society is having to reflect on how to cope with the virus and its consequences in this and. We have to discipline ou...
July 16, 2024
Locations. Its an historic morning as the fed injects 2. 3 million in loans into the american economy. Powell has a live webcast in about an hour. We have the opec plus meeting to watch. Jobless claims, 6 million for a second week. But your point a moment ago is the fed is helping to take a credit crunch off the table and all we need at this point is a break on the science the fed is not going to be the reason why we go into a depression they want to stop that they want to make it a recession. S...
July 16, 2024
A badly affected. Museums and galleries a close to the public. Cinemas and fears as have shut down concerts and festivals canceled the livelihoods of artists and everyone in the culture sector are under threat and all of society is having to reflect on how sick cope with the virus and its consequences than this and. We have to discipline ourselves without surrendering our freedom of thought. The crisis has triggered fear and panic buying but also solidarity and creativity sometimes in unexpected...
July 16, 2024
Super spreaders of the coronavirus well tell you all about it all right its time to boost your news i. Q. Or its still no deal on the Coronavirus Relief bill a bill that has already failed twice this week and to make matters even more complicated senators are calling it a day and they may not be back in session anytime soon. Has been following the story for days so fair and what more can you tell us so we know House Speaker nancy pelosi she did say that major progress was made republicans did gi...