The data in terms of the jobs 5. 3 million in may, up from four. 99 the previous month. This is very backward looking data. I dont think the market will pay much attention to it, but slightly or positive, slightly more jobs out there then maybe the market was anticipating. Really may data, Rearview Mirror stuff. We will be discussing Global Growth as well as what the countries can do to fix the fiscal stimulus and how to help unemployment coming up and about a halfhour. The stocks are losing the momentum of the last five days, so we are stuck in this range. In an interview in the financials times, a couple of and theere troubling, trajectory of the recovery will be bumpy or. We are watching this closely and trying to understand what is happening. Haefele. Ark mark, how do you understand what we are seeing in asset prices versus every economist morning we are looking at a w shaped, with a lot of risk as we head into the back half . Right. Ou are there is a lot to juggle. The story that
Of 1 ow by only 1 10 versus the u. S. Dollar, but nevertheless it seems to be a logical move for the markets. In terms of what we have got coming up, we will be talking about whats happening in the race to find a vaccine. We will be joining by the ceo of novavax. With the United States getting done earlier on. This stock has been on an absolute tear this year, today really adding on to that as well. We will get that take on the progress thats being made and what the money is going to be used for and in terms of where he is relative to his peer group in the race for the vaccine, the many vaccines that we will ultimately end up needing if we are not going to do more damage to the global economy. The European Commission is out with its assessment of the european economy earlier on, warning that the coronavirus Economic Contraction will be bigger than anticipated earlier and the recovery will take longer than previously estimated, forecasting a 3. 7 drop in growth this year. Joining us fro
For the Government Accountability office. Guest thank you for having me. Host tell us why the gao did this report. Guest the cares act passed in verch required us to ha oversight of the funding and activities of the federal government, specifically it requires us to provide oversight of the governments efforts to respond to and recover from covid19. And it includes us assessing the impact of covid19 on Public Health, as well as at the economy, as well as track the funding and use of the funding. The act requires us to report everything, starting 90 days after an accident, so the june report was our first report, and we will be issuing additional reports every other month. Host as soon as the legislation assigned, enacted and signed, the gao is monitoring . Guest absolutely, we are providing realtime oversight. We have experience doing this. Going back over a decade ago, for example, under the Lease Program that provided assistance to the Financial Sectors after the global crisis, we we
Officials, discusses the rising number of cases in several states. Nicole clowers discusses her ys reports of how relief funds from congress are being spent. The u. S. Supreme court is wrapping up its term this week, issuing decisions in cases heard earlier in the term. One of those decisions upholds the Electoral College, by saying electorsfaithless defy the will of the voters. Welcome to the washington journal. It is four months until election day. We will start asking you about the Electoral College. Should the Electoral College be abolished . Isyou think so, that line 202 7488000. If that answer is no, the line is 202 7488001. We welcome your comments on text. The line 202 7488003. We are on twitter. Facebook. Com cspan. Is expected to issue more decisions this week, wrapping up its term. A little Electoral College oneonone from the national archives. A little Electoral College 101 from the national archives. The number of electors is equal to the number of members in the congressi
Government, specifically it requires us to provide oversight of the specifically, it requires us to of the ongoing oversight governments efforts to recover covid19. The act requires us to report every 60 days, starting 90 days after an announcement, so our june report was our first report, and we will be issuing additional reports on the other months. Host basically s s this is signed, the gao is monitoring its spending . Guest absolutely. We are providing realtime oversight of the fund and we have experienced during this, going back over a decade, for example, under the troubled Asset Relief Program that provided assistance to the financial sectors after the financial crisis. We were required to provide ongoing oversight and issue a report every 60 days. We have experience and build on that experience to hit the ground running to provide immediate oversight and help ensure accountability and transparency of how the funds are being used. St lets take a look at the numbers. 2. 57 host l