Stay updated with breaking news from Large labor. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Member of the Macarthur Foundation research network. She has written and edited many books on the economy and sustainability including the quest for plenty. She is a fellow guggenheim fellow who has won multiple awards for her research. She joined by a professor of law at the university of california hastings. Her work has been cited by the California Supreme Court and her writing has published in the guardian, shes currently working on a book. They are discussing after the gig based on meticulous research. And i believe you with a quote. And their intensive research. The sharing economy feels like what it participants and their ability, the rest of us make complete sense of the data. They provide a workable plan for how to fulfill the promise of gig work as part of the useful, fair economy. This book will redefine the deal and on that note. I will now go to o ....
Good morning. Welcome to squawk box. Andrew ross sorkin with joe kernen and melissa lee becky is off today well go straight to show you how the markets are reacting on the back of that news. S p looking to fall 60 points. The biggest premarket decliners on the you dow looking at boeing, intel and apple off in some cases more than 2 or 3 eamon javers has been covering this story all night and joins us now with the latest good morning. Some very tough news for the president , the first lady and their family as the president and first lady have tested positive first, there was a report of bloomberg that hope hicks, the campaign aid to the president , travels with him a lot, tested positive she was seen traveling with the president on air force one, often photographed without a mask as with we watch some of those pictures of hope hicks traveling with the president a lot of the senior aids there shortly after 1 00 a. M. East coast time sending out a letter saying the president and first lad ....
June. There are segments of this economy that were very strong before the pandemic and they are resuming their strength. There are other ones that are just plain baffling. I think we are all surprised that retail is doing better, but then we remember target, walmart, costco, these places added people and then the incredible one, the only sector that really seems to be being heard is the one that has the social distancing problem which is restaurants it seems the travel and hospitality people are gearing up and i think that these numbers do reflect the reopening of some states that are now troubled, but i dont want to put a negative gloss on this these are just very strong numbers and we are not where we thought we were or we would be, say, eight weeks ago we had a Strong Economy before, were seeing the strength again. So is this kind of number an Apple Closing Stores nu ....
White house briefing. We will be monitoring that for any headlines as they come. Shares of the biggest banks, citigroup and bank of america, plunging today after disappointing Earnings Results revealing just how hard the pandemic is hitting them. Goldman shares ended the day up. Their portfolio took a big hit. Joining us now, sonali. Walk us through these big loan losses and why did banks do so poorly today . Sonali these loan losses are the number one reason we are seeing issues at the big banks. This might get worse in the coming quarter. Let uncertainty as what is making investors nervous. When you go to bank of america, they expect they are considering what a recession would look like into 2021. You are drawing out time frames that go well past a couple months that people expect the economy to be closed for. The banks are factoring in the reality that the American Consum ....
Once. As new yorks corona Virus Outbreak shows signs of slowing the governor says there will be no easy on off switch for reopening the state. And libyas internationally recognized government says it seized control of 3 cities award highly for hotter. The World Health Organization has warned countries against lifting their lock downs prematurely same Public Health measures must be in place before restrictions can be eased it comes as nations across the globe try to balance the economic fallout from the coronavirus against continued confinement francaise announced its extending its lockdown until may the 11th president says the country was not sufficiently prepared for the outbreak but numbers are beginning to steady his neighbors spain and italy are relaxing their restrictions construction and manufacturing sec ....