This is boom bust the one business show you cant afford to miss. In washington coming up its thursday and unemployment numbers are in from last week and theyre not getting any better theyre nearing rates we havent seen since the Great Depression minutes from last months Federal Reserve meeting show there is more concern about the long Term Economic recovery we spoke with former u. S. Representative dr ron paul to get his take we have a pop show today so lets go and dive right in. The Global Pandemic surpassed 5000000 new cases as a lot in america surpassed several countries in europe cases in brazil are still surging the country recorded nearly 20000 new cases its biggest single day spike it could soon have the 2nd highest number of cases in the world its thursday and unemployment numbers are in from last weekends to. On the rise all nearly all 50 states have at least partially reopen and still 2400000. 00 more americans filed for unemployment just last week that brings the 9 week tota
This is boom bust the one business show you cant afford to miss. In washington coming up its thursday and unemployment numbers are in from last week and theyre not getting any better theyre nearing rates we havent seen since the Great Depression minutes from last months Federal Reserve meeting show there is more concern about the long Term Economic recovery we spoke with former u. S. Representative dr ron paul to get his take we have a pop show today so lets go and dive right in. The Global Pandemic surpassed by 1000000 new cases as a lot in america surpassed several countries in europe cases in brazil are still surging the country recorded nearly 20000 new cases its biggest single day spike could soon have the 2nd highest number of cases in the world its thursday and. Employment numbers are in from last week and still on the rise all nearly all 50 states have at least partially reopen and still 2400000 more americans filed for unemployment just last week that brings the 9 week total j
Yesterday, where you saw Peaceful Protesters essentially pushed out of the way by police using tear gas and stun grenades, and there has also been, by the way, a significant targeting of journalists by the police in the United States in these protests, as well, you should say, as some looting. Yvonne that is right. Close to two weeks of this now, and when it comes to the markets, they continue to avoid or shrug off the risk the rcn, whether it is the u. S. Protests or the geopolitical issues. Another day of gains in the asia pacific, up the past seven of eight trading days. Now, there are signs of overheating, the asian stocks the most expensive in 10 years, and just watching the msc i, one point now, jakarta just coming online watching the msci, 1. 3 now, and we are bracing for a cyclone to hit mumbai. It could be the biggest storm in a decade, and flights are canceled. And you may remember that we dropped to Single Digits in april. Taking a look at currencies, it was not much, a doll
Also jay powell making comments that added to some of this those who have been under such pressure, those stocks were the ones that were the biggest rebounders disney up more than 7 banks were up across the board wells fargo up by 8 bank of america and citigroup up jp morgan up mgm resorts up 10. 5 carnival up 15 . Airlines each up 13 all of those gains coming as there is hope there will be some time those stocks can get become to normal and people will feel comfortable. Thats the early trade also lets look at whats been happening i thought theme parks disney and comcast which is over 2 pretty big gain. Who knows whether it is displaced but it was on hopes of normalcy i dont think it is only moderna we are talking about there is four or five real pharmaceutical Companies Working on it. So just the potential you get and other data point where they say someone else has the success to we dont know what technique i dont know if it is mrna pfizer is working on the mrna technique as well. I
Here are the latest numbers broken down by county. This week. There have been nearly 400 new cases about a 4 jump. Santa clara and alameda counties both have more than 2200 cases reported the complete list of local covid19 cases can be found at our website kron 4 dot com. Tonight only 3 bay area counties have entered phase 2 in reopening their economies thats napa solano and sonoma counties. Starting monday, San Francisco and san mateo counties will begin easing into phase 2 and today marin county announced it will also move into phase 2 on monday may 18th the details on what that means will be released tomorrow. Alameda contra costa and santa clara counties remain in phase, one as the bay area begins to slowly reopen Infectious Disease experts are warning the coronavirus is not gone and people should continue to practice a Public Health directives that got us to phase 2. Kron fours gayle ong joins us now live with that part of the story gayle. And medical experts are cautiously optimi