Begin to resume, as many assume in june and maybe be back to something more normal by this summer, i think a v is possible, but i am worried that the outcome will be worse. It really depends to my mind on just how much damage is done during the time that the economy is shut down in the way it is now. How much damage is done joining us is bob dole, chief equity strategist. Thanks for being with us i want to get your thoughts on the potential for this recession and subsequent recovery and specifically how thats factoring into your outlook for the markets . Yeah. Im not using a u or v im using a checkmark, kind of the big decline and then a noticeable, but slower uptake than we had on the downside. As you know we shut the economy off. We turned it off its not something from the outside did it we chose in order to fight coronavirus to do that therefore, we can turn at least some of it back on it will take longer to convince people its safe to come out from under the covers when it told the
And to accountability for the resources with which were interested in due course w. Chose performance in tackling this pandemic will be reviewed by w. Just Member States and the independent bodies that are employees to ensure transparency and accountability but for now our focus my focus is on the stopping this virus and saving lives the president has declared that restrictions in the u. S. Could be lifted by the beginning of next month my can have reports from washington. These daily news briefings up a ported lead to keep the nation informed about the battle against a coronavirus but invariably the president strays off message and today he uses forums to rail against what he described as congregational obstruction in the confirmation of government officials and threatening to Adjourn Congress and then push through his nominations during the recess the senate should either fulfill its duty and vote on my nominees or should formally adjourn so that i can make recess appointments we hav
The breaking news this hour, iran, striking back at the United States for the killing of its top general Qassem Soleimani last week. According to the pentagon, the attack occurred 5 30 p. M. Yesterday with iran launching more than a dozen Ballistic Missiles their targets, two bases in iraq where u. S. Troops are stationed. One, the largest in the world, less than 200 miles from baghdad. The other in Northern Iraq iran claiming responsibility for these attacks. Tweeting that iran, quote, took proportionate measures in selfdefense under article 51 of the un charter targeting base from which cowardly were launched u. S. Secretary of state mike pompeo and other officials gathering at the white house in the hours after the attack the president himself tweeting following the meeting, quote, all is well. Missiles launched from iran at two bases located in iraq. Assessment of casualties and damage taking place now. So far, so good. We have the most powerful and equipped military in the world b
Reporter iran has bought retaliation after a airstrike killed suleimani. The general has been blamed for the deaths of hundreds of american soldiers. The state department accused suleimani of a bruising violent protest in baghdad. President trump ordered the strikes, secretary of state mike pompeo defended the president s decision. The risk of doing nothing was enormous. Also, highly risky, doing nothing in this region shows weakness. It emboldens iran. Reporter the u. S. Embassy issued a travel advisory urging u. S. Citizens to leave iraq. U. S. Cities are also on high alert. New york officials are taking steps to protect key locations. We are now facing a threat that is greater than anything we have faced previously. Over the last 20 years this city, more than any other, has suffered the results of terrorism. Reporter Many Democrats called the air attack reckless and dangerous. Nancy pelosi released a statement saying this action was taken without Consulting Congress pursed. She said
A new holiday began in 2014. Part of the move to force people to take vacation days. They dont like to do it over there so they keep making more and more national holidays. This is about encouraging people toll of appreciate japan hes mountains. Shanghai was down half a percentage point. In europe and some of the early trading there, youll see most of the markets are in the green. The dax is up half a percentage point. The cac in france is up. 70 . The ftse down just. 30 . Crude oil prices as scott mentioned, look, its a pretty big deal. Iea warning its going to take a while to work it off. Wall street journal says saudi arabia hit output. Wti down this morning. Scott. On the agenda today. Kohls and macys reporting before the opening bell. Join in the 8 00 hour. Then after the bell, nordstroms releasing results on the data front. Weekly jobless claims are out. 8 30 eastern time. And export prices for the month of july. Among the stocks were watching today. U. S. Prosecutors have opened