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Leaving be leaving the economy leaving the workforce coming back and i have been focused a lot on bankruptcies there were 48 percent in may we are going to see record numbers probably this year and if you look at permanent job losses as well whats whats being tracked by Challenger Gray and christmas weve got almost 1500000 through may so will well be taking out that record and again as you start to see bankruptcies that will flow through not to temporary job losses but to permanent job losses and thats what im really trying to focus on right now because thats going to be the long lasting damage that we see come out of this crisis thats exactly it a lot of these jobs that are not going to come back now turning over to european equities theyre also breaking out now that the European Central bank has also put a stop gap in the market what sustaining the rally there. Well i th ....
Doesnt work for us it doesnt function for us. This is cant be happening in america we call from the streets weve got to deal with why this is the reason i have to run like this is the reason. This is boom bust the one business show you cant afford to miss im sam on tax day ok in washington coming up u. S. May unemployment numbers are in and the rate is much lower than expected pending Global Markets 3rd thing plus the turkish vision to ban chinese Passenger Airlines but still time to limit flights will both of us tell those to and investing in astonishment want to explain we have a pack show today so lets go and dive right. Us may employ unemployment numbers are in and the bureau of labor statistics show the Unemployment Rate dropped to 13. 3 percent that number was expected to be closer to 20 percent it didnt tak ....
Asia thanks a second wave is coming. Stay talks with potential suitors are progressing well. Lets take a look at how we are checking up on this friday session of the week. We had a pretty good lead, ill be at a volatile session on wall street. Volatile section on wall street. U. S. Stocks falling after President Trump said he did not want to talk about trade issues with xi jinping. Going into the close, we saw a surge in oil prices, energy stocks, as well as beaten down bank and financial shares leading those gains. We are setting up for a pretty positive open here in asia. In new zealand, we are seeing trading get underway. It looks like we could pick up gains after two days of losses. We are seeing a positive lead when it comes to trading futures in japan, in hong kong, and in australia. It is a big day today when it comes to indicators out of china. We get those domestic activity numbers out when it comes to retail sales and i ....
The global corona crisis you can find more information on the mindset e. W. Dot com and on social media channels. Oils collapse in the u. S. Has Global Markets worried deflation is the big fear as producers rein in production the question on everyones mind when will demands pick back up. Beijing gets back to business well see how chinese firms are changing to cope with the coronavirus. And pandemic measures claim a victim down under as ferg an Australian Airlines files for bankruptcy. This is your Business Report im sure. Its good to have you with us now the crash in u. S. Oil prices is reverberating around the globe pushing stocks toward losses and driving Commodity Prices down major Oil Producing natio ....