Page 23 - Jonathan Ferro News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Home, stillg at sequestered within this pandemic. The new slow extraordinary. As you just heard from the president and from Vice President biden, clearly political. We will touch on that in a moment. Will joins levkovich us of citigroup on these extraordinary markets. We can talk about the politics of the moment, the relative calm of last night, but i think ive got to go to the clarion call in 15 minutes of the first of the may labor reports, the adp report. How do you link this wednesday report into what we are going to observe friday of an american jobs depression . Jonathan to keep it simpl...

See the jobs report, francine. I see all sorts of numbers modeled. 6 rate be looking at the u. I do not see any forecast of where that statistic is going, but it harkens back to an american job economy of 1933. Francine we will have a big look on whether we will go back to those depression years. Lets get to first word news in london with leighann gerrans. Francine, andd, tom, as you were saying, todays jobs report expects to see the u. S. Unemployment rate surge to almost 20 last month after reaching the highest level since the Great Depression in april. The may report is likely to show the j...

Our focus of america on Christine Lagarde yesterday, really stepping up and really confirming the independence of the European Central bank. Francine i think you are right. The markets are focusing on more focusing more on what is happening in in europe with the ecb turning more than markets expected at this economic response with extra stimulus from germany and austria today. 750es optimism this policy from europe they are focusing more on this stimulus and social unrest we saw in the u. S. The other thing i would point to is the fact that u. S. china trade relations, theres a lot going on wi...

This for bloomberg on the economy. I am going to lose the introductions this morning and get right to the moment. Weve got great markets. Yields higher, dow futures up 300, etc. No one is focused on anything but an update on this grim labor economy. Jonathan how quickly can this labor market hell is the question we ask every single month now, and we will ask it continually through the morning . Maybe we getting median estimate , maybe it comes outside of that. But the question hasnt changed. It is how quickly we will heal after a big downturn in a very short space of time. Tom a lot of opinion...

Easing of lockdowns. Taylor i got him steven major you have thes massive helicopter money and stimulus but if the demand does not come back, he is more worried about disinflation, that made my ears perk up. Francine lets get straight to the bloomberg first word news. The European Unions executive arm is coming out with its own stimulus package to deal with the regions worst economic emergency since world war ii and calls for spending 823 billion. Two thirds will be in the form of grants and the rest will be loans and funded by joint debt issuance. In hong kong, hundreds of protesters returned ...