Sanctions and claims to the South China Sea take center stage today. Stocks are shrugging it off. The dow up more than 400 points but the big tech is struggling faang, internet names that have been on fire are seeing weakness today. Were following it all 59 minutes left of trade. Certainly weve been all over the place in markets but were up as we stand with the major indexes we have a big line up of guests. In a few moments well speak with shrewsberry, cfo of wells fargo. And Robert Kaplan will join us and well speak with Michigan Governor Gretchen Whitmer an earlier biden endorser as biden lays out more details of his economic plan. Lets focus in on the big stories were watching at this hour wilfred has the highlights ph wilfred, start off with the banks here. The key focus, sara, as we expected it to be on provisions for potential bad loans. They rose from all the banks from q 1 to q 2 and rose more than expected. Wells fargos more than doubling quarter over quarter the big question
A look at countries that dont have corndog brains look at denmark denmark has had almost twice as much testing per capita as the United States and fewer than half as many deaths per capita that would mean around 40 or 50000. 00 extra americans have died in the past few months because we have not dealt with this as well as denmark that 169 elevenths that could have been stopped if we hadnt behaved like idiots but death is not the only problem caused by this pandemic theres also the economic collapse which is bad for everyone unless youre a day trader betting that everything will be awful for those people right now is like mardi gras with fewer naked but an equal amount of pissing in the streets so us lost a staggering 20500000. 00 jobs in april bringing the jobless rate to its highest level since the Great Depression 14. 7 percent and even Steve Menuhin our treasury secretary who has carnal relations with a roll of silver dollars every night under a framed portrait of Ronald Reagan havi
Honey for have to but a series of defeats has left a half that is struggling to fulfill his ambition to take the capital from libyas internationally recognized the governments. Hes lost control of 3 military camps in a debate in the west he used to launch attacks on tripoli and several towns his forces are accused of planting landmines in residential areas putting civilians at risk during the pull our it now your dog doesnt ask any are as of yesterday we started combing the liberated area to ensure the safe return of everyone who was displaced we are still closely monitoring the movements of the remnants militias and mercenaries who are trying to reorganize their fragmented ranks we are fully prepared to crush them we assure our fellow libyans of the captured areas that we will not leave an inch of the libyan soil and will not allow foreign mercenaries to bunk in residential areas a league do you any report last month suggested half total was backed by up to 1200. 00 medicine or a yes
A go around. A few minutes later the airliner came down in a highly populated residential area near kharaj International Airport the horse that actually got a funny for just the last words we heard from the pilots was that there were technical problems he was told on the final approach the both runways are ready and you can learned that the pilot decided he wanted to go around for that reason the technical problem was well good to go and look at that now. Airplane parts were strewn among burning homes Security Forces were sent to help the rescue operation and managed to pull at least 2 passengers from the wreckage pakistans Prime Minister imran khan tweeted saying that he was shocked and saddened by the crash offering prayers and condolences to the families of the dead. Aviation apps identify the aircraft as a 15 year old airbus a 320. 00 it was one of the 1st in p. I. A. s fleet to restart flying this week after flights were grounded to stop the spread of the coronavirus. Crash invest
Economic collapse which is bad for everyone unless youre a day trader betting that everything will be awful for those people right now is like mardi gras with fewer naked but an equal amount of pissing in the streets so us lost a staggering 20500000 jobs in april bringing the jobless rate to its highest level since the Great Depression 14. 7 percent. And even Steve Menuhin our treasury secretary who has carnal relations with a roll of silver dollars every night under a framed portrait of Ronald Reagan having carnal relations with the same roll of silver dollars even that guy says unemployment could get to 25 percent wine out of every 4 adults i did the math myself but. Yet in denmark salut different danes have kept their jobs denmarks Unemployment Rate is hovering in the range of 4 to 5 percent you see denmark dealt with the whole employment thing different than we had fun fact thats their police force during the pandemic denmark paid their companies to keep employees on the payroll re