Alex azar, 7 30 a. M. Eastern with war on coronavirus and potential vaccine and whats being done to curve spikes. Im joined by donald trump, jr. , we are talking a lot with him, dont mishis take of 2020 race, mailin ballots, ongoing protests and social media and a lot more. Final day of Second Quarter, we are wrapping up a quarter thats been the best in 20 years, markets mixed, dow industrials down 70 points, the nasdaq is up 6 points and s p down 5. For the the Second Quarter markets are up sharply with yesterdays gain 180 points. For the Second Quarter, the dow up 16 , nasdaq up 28 and the s p 500 higher by 18 . Their best quarter since 1998 on the dow and s p 500. Federal reserve chair jay powell says the path ahead for u. S. Economy is extraordinarily uncertain. Powell and secretary mnuchin will be testifying before House Financial Services committee today on Pandemic Response and Stimulus Fund landed. More Companies Joining the facebook ad boycott costing the social media giant bi
The fed laid out plans to buy up individual Corporate Bonds this as the emergence of new coronavirus hot spots around the country add to fears of a second wave so why, guy adami, are markets seemingly so immune to these concerns is that actually a good sign for this rally no, its not. But before i have to i would be remiss, melissa, if i didnt wish the b. K. , the bitcoin baller a happy belated birthday. His birthday was yesterday do you know whose birthday is tomorrow i wont keep you in suspense adam smith would have been 297 years old tomorrow why do i mention him i had to read that book the wealth of nations in college. You probably read it as well he was the father of free market capitalism well, what you saw today was the exact antithesis of that and im going to get added by everybody. To think this market is at all free market is a fools folly. The fact that we rallied into this announcement by the fed, which we all saw coming or they announced it prior shouldnt really surprise a
In the world corrupted you need to descend. To join us on the death. Or a mate in the shallows. As the us economy was booming growing numbers of people were made homeless. You can work 40 hours in a week and still not have enough to get housing everybody believes america still has the lead up to the reality of the years were not financially equality and the lack of Affordable Housing for a living minimum wage give many people no choice. Thats been a problem with the city knows turn a return call the stay way out almost. Half the food that there is no answer because yes that requires resources the most vulnerable are abandoned on the streets to become. Yes. This is the one business show you cant afford to miss im french born in washington. Following dismal numbers for u. S. Economic growth europe has followed suit taking a major hit as the go to 19 outbreak continues to weigh heavy plus as we discuss the impact of the pandemic on different sectors how are sports fairing we do a deep div
Concerning Economic Data out of europe the eurozone economy contracted by 3. 8 percent for the 1st quarter of 2020 this marks the biggest drop in g. D. P. For the 19 countries block since 1905 according to the European Statistics Office euro stat the e. U. Economy had expanded by point one percent in the 4th quarter of 2019 and of course contraction is expected as the crow virus pandemic continues to wreak economic havoc but it should be noted that lock downs in the e. U. Did not actually start until early march so you still have 2 months before those lockdowns took place weighing heavily on the economy now looking at some of the largest economies in the bloc france the g. D. P. Felt by 5. 8 percent over the quarter as did spains economy declined by 5. 2 percent now german officials had also announced this week that they expect their g. D. P. To decline by 6. 3 percent for the year overall meanwhile the European Central by. Announced thursday it would keep Interest Rates where they are
In the block frances g. D. P. Fell by 5. 8 percent over the quarter as did spains economy declined by 5. 2 percent now german officials had also announced this week that they expect their g. D. P. To decline by 6. 3 percent for the year overall meanwhile the European Central bank announced thursday it would keep Interest Rates where they are at 0 but added they will continue stimulus measures until the economy stabilizes. And here in the United States new filings for unemployment reached 3400000 for the week ending the 24th of april now this brings the total number of claims over the last 6. 1000000 despite the dismal Economic Data an incredible number of unemployed americans markets are on pace for the best month and decades today of course excluded so lets get some expert analysis on the situation with tobin smith c. E. O. Of transforming research and boom bust cohost christi i thank you both for joining us today now christy weekly weekly jobless numbers are in now as i just mentione