Largest economy later on well dig into the ruling and what issues lie ahead in the dispute with a packed show today so lets dive right in. And we lead the program with the latest warning from the Global Health officials as the world continues to deal with the latest surge in coal but 900 cases with the latest wave the World Health Organization on monday said that while reimposing Strict Lockdown measures may be needed to slow the spread of the virus these actions can be avoided if everyone does their part i think we have to. Look at that very seriously in the context of the European Union in the context of the region as a whole theres a lot of Free Movement and therefore those principles it may require and shutting down and restricting movement and having stay at home orders in order to take the heat out of this phase of the pandemic we can avoid National Lockdowns we can avoid massive restrictive movements if everyone plays their part it means individual sacrifices and in many parts o
Ago the most in any 7 days stretch since the beginning of the pandemic brant now deaths there are also up 14 percent with 534. 00 new deaths reported on monday now anticipate seeing a lot more deaths being reported in the coming days because thats tend to rise a few weeks after a rise of infections meanwhile the number of people hospitalized with kovan 1000 is also on a 2 month high which has been straining Health Care Systems in this several states now theres also a increase in new cases surging in the midwest right now michigan wisconsin nebraska there are 3 states where cases are rising very quickly meanwhile new cases in michigan have more than doubled in the last week while nebraska and wisconsin both have one of the highest rates of test positivity in. In the nation brant now outside of the us right now at least 7 countries 5 of them in europe have reported record highs and average daily new cases now as of tuesday 4 pm theres been at least 8700000 confirmed cases in europe with
Looking at a v. Shape not too long ago but what this 2nd wave and even 3rd wave of possible cases were saying this isnt going to go anywhere anytime soon and more stimulus again will lead to more of that and a longer recovery but the American People say they they need to see the money businesses are dying kristie we were still in the midst of a busy earning week though it was some pretty big movers today including fries and netflix now you lay lilly and more we have a pretty mixed bag of results how are these earnings playing out this quarter. Well like i said its been a pretty mixed bag some names like snap reporting tremendous growth during kogut and other names like netflix which initially search for in the stead home mandate now dropping on the growth but the Common Thread between all of these names that outlook and growth still remain uncertain and no management wants to communicate or make statement on the future right now so nonetheless we thought the major swings in the sand th
The same time there seems to be a lack of clarity on whether the by the administration will continue some of the specific policies against Chinese Companies such as wally joining me now to discuss boom bust. And so on and host of economic update professor Richard Wolfe professor lets start with you President Bidens nominee to head the countrys Commerce Department gene armando told senators on thursday that she would use punitive tariffs and export restrictions against china is this going to be a continuation of the trumpet ministrations trade war with china. I certainly hope they are hopeful that she said those things in order to those senators who want to hear it that was the policy of the trumpet ministration and my understanding was that biden was going to at the very least of moved back from that kind of confrontation let me remind you all of the viewers over the last year of the trade war on the tower of war the chinese economy i scroll through a 4 percent of your marital economy
Mark meadows and treasury secretary Stephen Menuhin called the lawmakers to pass individual lesson legislation including redirecting 130000000000. 00 in unused funds from the Paycheck Protection Program which was part of the relief package passed in march now although at this time democrats in the house of representatives have insisted on a comprehensive relief bill rather than stand alone legislation like that just like uncertainty over what may happen or what may happen to the u. S. Economy and unemployment without another stimulus bill Global Markets rallied on monday so lets go ahead and take a look at the state of the economy and markets with Octavia Moore and the c. E. O. Of optimists l. L. C. Octavio always a pleasure to have you on the show now if theres so much doubt that a stimulus bill could get done before novembers election why is the market so optimistic about it and getting a boost monday are we any closer or is this just you know algorithms taking up all the chatter. We