To limit life of those down investigative journalist but. We have a talk show today for what. Us may employ unemployment numbers are and the bureau of labor statistics show the Unemployment Rate dropped to 13. 3 percent that number was expected to be closer to 20 percent it didnt take long for President Donald Trump to declare victory today is probably if you think of it the greatest comeback in america it is you but you going to stop here. Its going to keep going ive had 144. 00 all time high stock markets during a 3 and a half year period nobodys ever come close to that and were going to do it again. Well joining us now with more to break it down is chief strategist of cool intelligence and former Federal Reserve insider danielle de Martino Danielle good to see you thanks for coming on. Nice to be here today now i want to start with this break this down and what are these numbers look like why why why why are the markets surging. Well i this came as a tremendous surprise im using the
Still going to stop here its going to keep going ive got 144 all time high stock markets during a 3 and a half year period nobodys ever come close to that and were going to do it again. Well joining us now with more to break it down is chief strategist of cool intelligence and former Federal Reserve insider danielle de Martino Danielle good to see you thanks for coming on. Nice to be here today now i want to start with this break this down what are these numbers look like why why why why are the markets surging. Well i this came as a tremendous surprise im using the president s favorite word this came as a tremendous surprise to the to the markets and to all economists for that matter no single economist was expecting the best one was negative 800000 we got a gain of 2500000 jobs along with a big asterisk from the bureau of labor statistics that said the margin of error is somewhere in the neighborhood of 3 Percentage Points on the Unemployment Rate that goes far to explaining whether
Leaving be leaving the economy leaving the workforce coming back and i have been focused a lot on bankruptcies there were 48 percent in may we are going to see record numbers probably this year and if you look at permanent job losses as well whats whats being tracked by Challenger Gray and christmas weve got almost 1500000 through may so will well be taking out that record and again as you start to see bankruptcies that will flow through not to temporary job losses but to permanent job losses and thats what im really trying to focus on right now because thats going to be the long lasting damage that we see come out of this crisis thats exactly it a lot of these jobs that are not going to come back now turning over to european equities theyre also breaking out now that the European Central bank has also put a stop gap in the market what sustaining the rally there. Well i think part of part of the rally there is keying off of the rally here as well. Even though theyre stocks about doing
Doesnt work for us it doesnt function for us. This is cant be happening in america we call from the streets weve got to deal with why this is the reason i have to run like this is the reason. This is boom bust the one business show you cant afford to miss im sam on tax day ok in washington coming up u. S. May unemployment numbers are in and the rate is much lower than expected pending Global Markets 3rd thing plus the turkish vision to ban chinese Passenger Airlines but still time to limit flights will both of us tell those to and investing in astonishment want to explain we have a pack show today so lets go and dive right. Us may employ unemployment numbers are in and the bureau of labor statistics show the Unemployment Rate dropped to 13. 3 percent that number was expected to be closer to 20 percent it didnt take long for President Donald Trump to declare victory today is probably if you think of it the greatest comeback in american is you but you did something to stop here its going
Health workers across india doctors say grieving relatives of patients targeting them. Islam on the brink of even more despair the coronavirus fears for a desperately poor part of argentinas capital. With your sport origin time strike and carlos tevez thats called a nice fellow footballers to open up their wallets and help during the current coronavirus crisis. So that the economic devastation caused by a corona virus is becoming clearer with the United States announcing a major rise in the Unemployment Rate a record 6600000. 00 americans applied for Unemployment Benefits thats 3000000. 00 more than last week it is a similar story in spain a lot down there cause more than 800000 redundant. These in march many of them Seasonal Workers such as in the Tourism Industry the 3 and a host of 1000000 spaniards do not have a job and the number of british people applying for government benefits is 10 times higher than normal almost a 1000000 britons claimed universal credit in the last 2 weeks t