John malone with the legendary media icon has to say about the covid19 virus, direct to consum consumer, streaming, so many other topics we hit in our hour long shutdown. The ceo of goodrx, we had him last week, since then, amazon came into the business what does it mean for his business carl, well ask that question amongst others. Yeah, thats good stuff for this hour, guys. Jim, we talked for last week and a half about the fact that a path to the vaccine would face some setbacks and clearly new york city schools, new state of emergency in wisconsin, speak to that i think that one of the things that we needed was a bridge, which would be stimulus, to the vaccine we dont have the stimulus were getting terrible numbers, we have half the country that thinks the numbers are okay, given the fact that the death rate hasnt skyrocketed. We have the other half, were saying, look, if we dont do something about it, then the Healthcare System is going to be overwhelmed. In that scenario, it is ver
This discussion was held by videoconference. Good morning, good afternoon and good evening depending on where you are. Thank you for joining us. Im Vice President of the Global Economy and Development Programs at brookings Global Economy. Disrupting billions of life and jeopardizing progress. The Global Economic process which relates to todays conversation from a five of present and global gdp in 2020. This is the cheapest global recession since world war ii. Its a report defined by fundamental drivers of longterm growth including investment which would slow capital formation. Beyond the headline Economic Growth number, the pandemic is having a proportionate effect lower Income Countries in a way the economy isd dominated most limited ability to adjust to covid related measures such as confinement. Similarly, most vulnerable population in the economy are more exposed. The pandemic is likely to leave a legacy of water inequality between and within countries. Disruptive of the pandemic f
P. P. E. And other medical supplies so they can adhere to the safety guidelines and provide a clean and safe environment. But it doesnt stop there. Im also working to assist our lowerincome families, those who rely on the Child Care Development block grants and those who simply need access to clean diapers. Just a couple of weeks ago i was in davenport, iowa, where i got to take part in a Diaper Distribution with the hiney heroes of the qadhafi at the quad city. The National Diaper bank donated 25,000 diapers to this important diaper bank. We know that during this pandemic the diaper supply has run short and ive teamed up with democratic senator chris murphy on this effort to include additional assistance for our diaper banks. Covid19 has also created challenges for our farmers. These hardworking folks are facing new challenges while working around the clock to make sure americans have adequate access to food and fuel. I was visiting with some farmers at the bloomfield livestock market
Claims and 21 million continuing claims better than the week before. But still incredibly bad on an absolute basis same thing with the stock market we get crushed today sell, sell, sell. Obliterated wrong. Once again, the averages spent most of the day well into the black despite still more hideous macro data either we sold off the end of the session, dow 148 points, s p falling 1. 2 nasdaq easing 4. 6 , again, the market was up most of the day. The climb were about the incredibly weak labor market what happened when we heard the claims numbers right from the oechg . There is fear actions the president might take against tech because of his anger about social media and the president s plans for punishing china over hong kong, punishment that could reverberate to our own companies that do business there so then why did the stock market open up big when those hideous figures at this point its become a cliche to insist that wall streets tote lit disconnected from main street. After all, h
More protection, the ecb tweaks policy. The economy ravaged by the coronavirus. Ftse futures point lower, and much of europe is closed but we will see trading in london. Apital is coming apollo aims to raise 20 billion and several new funds for opportunities in distress and private debt, this after boeing sold 25 billion worth of bonds in the largest offering of the year. Just under one hour away from trading in the equity markets that are open. London notably, and the ftse futures are down this morning. We also see s p futures, dow futures, and nasdaq teachers down. Nasdaq futures down. We know the u. S. Markets will be open as well today. Typically a european holiday. The u. S. Has detonated a different has designated a a different day for that purpose. The notable figure, the first one i see in the First Quarter, 802 Million Pounds versus 86 Million Pounds in the previous year. This is a number we are looking out for a lot of banks during this crisis. Newsrms of other notable from r