A united move to throw him out of power. Im a lazio rounds up hundreds of migrants again it says its an effort to contain the pandemic. And its full the president of spains top Football League says june 12th is the target date for action claims the risk of players catching coronavirus during games will be principally 0. Coffee with friends a shopping trip or a visit to family are all back on the agenda for millions more people as corona virus restrictions are lifted in some of the hardest hit countries france has been locked down for 8 weeks but people can now return to shops head dresses and take public transport its lowest number of deaths in 7 weeks much of spain is opening outdoor cafes churches and mosques to keep its Shopping Centers and schools in the netherlands india is restarting part of its train system despite a jump infections there the rail network which is relied upon by tens of millions of people every day has been shut down since late march and in China Shanghai is dis
Unemployment numbers show 3 million more americans filed for unemployment claims pushing the number of jobless claims in america to more than 33 million during the coronavirus pandemic. Today Neiman Marcus became the latest Big Name Company to feel the impact financially from this pandemic the retail giant announced that it has now filed for chapter 11 bankruptcy. More than 4 million californians have filed for unemployment during the 7 week crisis. Perry leaders say weve still got to hit rock bottom. We see Companies Making really tough decisions to lay off workers left and everybody and neiman making really tough decisions to keep their companies afloat any that that represents is that we are not at the bottom yet you cannot people need to prepare for this to get worse. The chamber of commerce also says restarting Construction Projects was a critical step in getting people back to work in helping the economy and now theyre encouraging city leaders to do more for Small Businesses incl
Oil markets, the energy markets, saudi arabia cutting an additional one Million Barrels per day. Fact thatt change the the demand has collapsed. Even changes like that dont seem to change the trajectory of what we are dealing with in the oil markets. Still with us is chris ailman of calstrs. Positioning to hedge against another, like, down in the market . Of ourit is a big chunk market portfolio. 10 . We are still keeping our fixed income. For us, it is really all about diversification. We are underweight global equity. We think this market will have some weakness. Going into the last couple of weeks, these rallies back and forth, we have repositioned our equity portfolio to be more defensive. , cash isilt defensive king. As return on cash is trash, ray dalio likes to point out. But, liquidity is king. We are seeing Equity Portfolios already coming out from the disruption, people who need bridgeeople need financing. Nice strong returns. And, just the dichotomy in the market. The indexe
And others where people come to work from and where insisting that its going to be safe but work unsafe to get there were also making some changes this week about exercise and while both france and spain have begun easing lockdown restrictions nonessential shops and factories have been allowed to open in france or the 1st time in 8 weeks the government has that the country into reading green zones depending on infection rates affecting the available freedoms or the number of daily deaths from the coronavirus in spain has fallen to 123 marking a 7 week low where its a rare as a madrid to see how one Business Owner is preparing to reopen. We are at a Mens Clothing shop in the middle of madrid one of the b. C. S. Areas commercial areas that is just getting ready to reopen to the public next week so weve got everything ready weve got the honey ties or we have the gloves we have them last year thats the owner does this in fact in all the garments in order to reopen to the costumers today in
Expecting to hear from President Trump momentarily in the rose garden here as the president and the white house will tout the progress that has been made on testing. Senior Administration Officials say across the country, 1. 9 million tests over last week, nine million since the start of covid19. Senor officials are pointing to go going ward, that 11 billion set to the states, that is money set aside in the cares age. They identified state goals and needs for month of may. Earlier today, Vice President , when he spoke to state governors encouraged those governors to have Staff Members within Nursing Homes tested. Testing of course what many positives want to see ramped up before states reopened but the president criticized many governors, the president saying that he believes that states arent reopening because of politics this Election Year this is part of the tweet from President Trump earlier today saying quote, the democrats are moving slowly all over the usa for political purposes