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Billionaire tilman will tell us how he is preparing. What hes telling his teams for what could be a cold winter for the economy. Power lunch starts right now day after the huge sell off, stocks have turned higher this afternoon as they try to avoid a fifth straight day of losses the s p and nasdaq are at session highs right now. Lets go to bob for more on these markets. Bob. Chop it around a little bit i listened to the powellmnuchin testimony. I didnt see any narrative around fiscal or Monetary Policy stay at home stocks are back theres this narrative if we get more break outs in the u. S. Like we got if europe, they will be ben faeficiarie beneficiaries. All these stay at home names are doing well amazon is having great day not so the banks second day in a row they are getting clobbered. Some of the banks are down 7, 8, 9 in two days this is another serious down trend in the banks the big thing im worried about is valuations. W ....
I hope my colleagues, witnesses, and viewers are staying healthy and safe. I want to thank chairman pain and Ranking Member kane at the Emergency Preparedness respond and Recovery Committee for coming together with the Ranking Member and me to hold this hearing. We are here to discuss federal and state efforts to procure critical supplies in response to the coronavirus pandemic. I want to acknowledge the federal Emergency Management agency, which was put in charge of the federal governments response, was asked to testify today. Fema is not here today, but i understand there is an administrator to appear before the full Committee Later th ....
The june edition of the World Bank Global economic prospects which relates this conversation, 5 global contraction on global gdp in 2020. It is the deepest global recession since world war ii, and the biggest collapse in income since 1870. Its informed by an assessment fundamental drivers of a long time growth, which will slow capital formation. The dislocation of trade among others. Beyond the headline Economic Growth number, the pandemic is having a disproportionate effect and lower income countries, the large. Dominated by are the sector with limited ability to adjust for covid related measures like confinement. The most vulnerable population in the economy is more exposed. The pandemic is likely to leave a legacy of even wider inequality between and within countries and less the dimension is integrated. It was refreshing to see the report about covid and inequality. A ....
Symptotoms causese by the coronaviruss including a a temperature and a cough. On monday evening the Prime Ministers Office announced that on the advice of his medical team he had been moved to the hospitals intensive c care uni. Johnson has asked foreign secretary to deputize for him when necessary. The department of m ministrys in safe hands and the focus of the g government will continue be on making sure the Prime Ministers direction. Johnson tested positive for the virus on march 27th. Earlier on monday he wrote on twitter that he was in good spirits and keeping in touch with his team. He also thanked the National Health service for taking care of him and other patients adding you are the best of britain. New York Governor Andrew Cuomo said ....