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2021 the i. M. F. Expects a growth rate of 5. 4 percent instead of earlier estimates of 5. 8 percent the fund is predicting an 8 percent contraction in the United States in 2020 while the eurozone economy will decline by 10. 2 percent brazil will take a 9 point one percent hit with the economy of mexico shrinking by as much as 10. 5 percent just this year now the Organization Also pointed to a catastrophic toll d on the labor market due to the pandemic saying there quine in work hours for the 2nd quarter will be the equivalent of losing 300000000 full time jobs worldwide the funds chief economist also spoke about the unpredictable nature of the pandemic making it difficult to judge where the worlds economy will head in the near future so there is tremendous uncertainty around the focused on the one hand you could get positive news you could have this news on the scenes and ....
Damage assessment economists expected payroll reports to show 22 million job losses, taking unemployment levels to their highest since the 1940s. Neel kashkari says the impact will be devastating. And customer orders slump. We speak to the ceo. Lots still ahead in the trading day. We will talk about siemens numbers and the lack of visibility. We also get plenty of analysis for the jobs report which we expect to see later today. With that in mind, lets take a look at futures. It seems we have found plenty of reason to be cheerful this friday. We will not have any trading in london because it is a Public Holiday, but we have plenty of positive trading coming in from the Asian Session and indeed, in the futures, we see that reflected. Futures point higher by around 1. 3 while european futures, where we see moves to the upside. Euro stocks futures up by a similar amount. Of focus ....
Yielding back below 1. 6 and below at 1. 957 well get january retail data coming up at 10 30 eastern time expecting an increase of 0. 3 . February read on Consumer Sentiment due after the opening bell bit of a light day on earnings well hear from Canopy Growth. See how high they go joe is giving me a look. Leisman is writing your jokes now . Astrazeneca ceo joins us live we start with coronavirus and viral video. I want a new name. It is in all of our minds now. Those numbers, 17,000. Well have azar on today i dont think it is surprising i think we thought for a long time it was really underreported or unable to track the things ill ask alex later is what i asked the gentleman yesterday heading up some of the efforts in new york city, are we preparing for testing people if it comes to that . I dont want to think it will come to that because it will mean in this country we ....
Nominee for the Federal Reserve. To be exact. [gavel] mr. Crapo this hearing will come to order. This morning we will consider the nominations of the honorable judy shelton to be a member of the board of governors of the Federal Reserve system. And dr. Christopher waller, to be a member of the board of governors of the Federal Reserve system. Welcome and congratulations to each of you for your nominations. I see friends and family in the room today and i welcome them as well. Were fortunate to have these two highly qualified nominees appearing today. These positions are critical to ensuring a safe, sound and vibrant Financial System and a healthy, growing economy. The Federal Reserve was created by congre ....