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Last week. That means 38. 9 Million People have been thrown on to the unemployment lines in the last eight weeks. 38. 64 million to be precise. The only bright spot is the weekly claims have consistently come down. That implies that the layoff trend has already hit bottom. Heres the markets reaction to all of this. The dow at the moment is on the down side but not much by. Youre looking at 60 points lower. Youre looking at the nasdaq down about 16. Small losses across the board. Helping the market, astrazeneca, working with Oxford University, they have announced progress on a vaccine. They wil...

Emergency Small Business fund, 75 billion for hospitals. The democrats claim its their victory and already, senator schumer is planning another 150 billion package, this one for local governments. Is all this enough . In my opinion, not if we dont get back to work soon. We have to open up the economy to avoid economic disaster. Elsewhere, the president says he will sign an executive order today suspending green card issuing for 60 days. This does not apply to guest workers or agricultural workers. To the markets. After two days of sharp declines, weve got an uptick. The dow looks like it will ...

China is the manufacturing workshop of the world and its shrinking, manufacturing, shr k shrinking at its fastest pace ever. This is an astonishing move into the safety of tenyear u. S. Treasuries. At one stage that yield had dropped all the way down to an alltime low of 1. 03 . Right now, we are at 1. 08 . Historically very, very low. The virus is the problem. We do not know how much our economy will slow if large numbers of people are quarantined and people are unwilling to go out and shop and travel and mingle. We have these developments on the virus. Deaths, two deaths in what appears to b...

A new special relationship, boris and trump, perfect together, maybe. Well see. Investors like it. Stock prices jumped when the brexit news came through. We backed off a little since, but the dow is still going to open up about 70 points, up 9 for the s p and up, what, 34 for the nasdaq. The market clearly ignoring the really toxic politics so clearly on display in washington, d. C. Ive got two stocks to focus on today. New tech netflix, old tech, ibm. They are going in opposite directions. Start with netflix. We were told they had to sign up seven million new subscribers. Well, they didnt. Th...

Rate of growth is slowing. Now, this hour, im going to ask the president s top economic adviser, larry kudlow, two questions. Are we going into recession in the next 12 months and secondly, what reverses this slowdown . Larry kudlow coming up on this show this hour. Heres the market reaction. Not bad. The dow industrials going to be on the upside to the tune of about 50, 60 points but its early going. You never know how we will close. The s p up about six. Look at the nasdaq, thats going to be up about. 33 . Nice gain. Interest rates virtually unchanged. The yield on the tenyear treasury, 1. 5...