Juniors bakery took a ppp loan at the beginning of the pandemic now the company has been laying off its workers. All 650 workers. Some have come back. Well take a look what the they have done with the money the owner will be back with us a little bit later today on power lunch which starts right now. Thank you, bill. Welcome. The s p hitsi inhitting its hig level. Lets get to bob with more on those market moves for us. Bob. Kelly, five straight up days for the s p 500 and Global Markets are rallying as well we had a terrific opening. Once again were falling back on the usual. The big megacap names. You know those names im talking about new highs for amazon, apple, microsoft, netflix as well. Were seeing a notable rally over seas in china and china related stocks in the United States doing well. Were seeing new highs, for example in alibaba, Shanghai Exchange at a twoyear high as officials over there literally trying to jawbone the markets higher they seem to be succeeding in the short
The pandemic is raging works like a charm can this market really be that binary can it really be that stupid to borrow a line from that masterpiece of english literature, this is spinal tap, its a fine line between clever and stupid [ drumroll ] the dow only gained 300 points, the short answer is, yes, it really is that simple. When texas was forced to pause its reopening plan because of record covid infections, a m suddenly the stay at home stocks came back in style i guess the virus didnt get the memo about not messing with texas. Many of todays winners were the usual suspects that benefitted from the pandemic. Plus the oils and the banks, though that was a femoral, given everything was stay away from the banks. Any way, before we get into the specifics. How the heck can this market rally on truey terrible news we have a horrific outbreak in the sun belt, we hit a new record for covid cases yesterday. The virus is back in exponential growth mode. The human cost could be enorm s enorm
Gassed in the u. S. And forces loyal to libyas u. N. Recognized government celebrate the collapse of Khalifa Haftar out his 14 month offensive to take tripoli. Loss on the World Environment Day the u. N. Issues a rallying cry to protect the planets living system this. Fellow the u. S. Unemployment rate has unexpectedly dropped according to new figures for may which indicate that the American Economy is starting to recover from the pandemic in march 1 point 3000000 people lost their jobs due to the lockdown measures aimed at containing the virus taking the Unemployment Rate to 4. 4 percent a further 20600000. 00 jobs were lost in april when unemployment hit a record high of 14. 7 percent but in may that rate dropped to 13. 3 percent as 2 and a half 1000000 jobs were created in leisure and hospitality construction and education. When we had a problem we were able to cut it off stop it just like this stop it keep everyone inside keep them away keep them together away uninfected and we sav
Keep everyone. Keep them away keep them together away uninfected and we saved millions of us and now were opening and were opening with a bang and weve been talking about the this is better than a v. This is a rocket ship President Trump has been criticized for comments he made over george floyd who was killed in Police Custody last month Kimberly Halkett is in washington with more well he was talking in the rose garden about the economy he also transition to the social unrest in the United States the cynically say that hes done more for the black community when it comes to jobs and other programs than any other president but it was this comment that really touched off a nerve take a listen hopefully george is looking down right now and saying this is a great thing thats happening for a country theres a great day for him its a great day for everybody this is a great day for everybody this is a great great day. In terms of equality now the problem with this 1st of all is that its a way
That mark was probably one of the worlds greatest public successes. The eradication of thedeadly smallpox virus. That so many alive today no longer remember the depth and misery caused by this disease is a testament to global efforts and a cooperative manner. The smallpox virus likely originated more than 3000 years ago and is one of the most devastating diseases ever in the history of humanity. It was barely visible under the most powerful microscope and was known for fiery bumps covering the face and body. Profuse internal bleeding, black vomit and pieces of destroyed skinthat would shed off ones body. Smallpox is estimated to have killed up to 300 Million People in the 20th century. 300 million and around 500 million in the last hundred years of its existence. In 1967 the World Organization launch a historic intense effort to eradicate smallpox. The global eradication effort initially used a strategy of mass vaccination to achieve 80 percent Vaccine Coverage in each country tand the