See an upcoming surge with a packed show today so lets dive in. And we lead the program with the u. S. Equity markets in turmoil the dow and s. And p. 500 are both on track for their worst week in more than 12 weeks the news comes as investors react to several issues facing the economy including the Federal Reserves Economic Outlook which estimates u. S. G. D. P. Will fall by 6. 5 percent in 2020 despite expected growth in 2021 in 2022 now there is also data regarding the new weekly weekly jobless claims released thursday by the u. S. Labor Department New unemployment claims were just over 1500000 for the week ending june 5th and it should be noted that these numbers come in under the 1600000 new claims expected by economists polled by dow jones the number was better than the 1900000 new claims the week prior and then theres the fear of a 2nd coronavirus wave as some areas of the united. Variants are seeing a spike in new cases are key corresponded tribute chobits has been following th
Global efforts continue in the race for a covert 19 vaccine or even a treatment that could help probable pull the pandemic will british regulators approve a global trial to restart testing drug sykora quinn and chloroquine to see if they can prevent infection with copd 19 well the food and Drug Administration revoked emergency use for the drugs after a trial showed they did not benefit as treatments but this cop called trial its going to look to see if the drug can be used as a potential preventative medicine meanwhile on tuesday the European Unions 27 members announced a ban on travelers from the United States citing concerns over the recent krone virus bikes across the country will russia and brazil are also barred the list of countries deemed safe include australia canada japan new zealand and south korea will the u. S. Still leads with the highest number of cases more than 2600000 americans have been infected with the virus leading to more than 125000. 00 deaths of the country that
This is one business show you cant afford to miss washington. U. S. President donald trump has already been executive order aimed at social media giants fact check on a twitter feed what consequences will the move have Going Forward. Markets are still on the rise but kind of fell late in the day despite mass unemployment in the United States when a lot of the spike in markets this week and we also dig into the rising tensions between the u. S. And china and later told at 19 outbreak has caused a major disruption in the travel industry particularly airlines as we dig into the struggles of this sector we have a packed show today so lets dive right in. And there is a big move coming from u. S. President donald trump the president will reportedly target facebook and twitter in an executive order regarding social media according to a draft that appears if leaked online now the draft version of the order which could still change names Facebook Google and twitter and targets a section of u. S
Mass unemployment in the United States when a lot of the spike in markets this week and we also dig into the rising tensions between the u. S. And china and later told at 19 outbreak has caused a major disruption in the travel industry particularly airlines we dig into the struggles of this sector we have a packed show today so lets dive right in. And there is a big move coming from u. S. President donald trump the president will reportedly target facebook and twitter in an executive order regarding social media according to a draft that appears to have leaked online now the draft version of the order which could still change names Facebook Google and twitter and targets a section of u. S. Law under which to platforms largely arent liable for what their users post and are fairly free to police content joining us now to discuss cohost investigative journalist of course ben swan now ben theres a lot to unpack your what exactly is the rule that President Trump is attempting to amend and w
Between gold and big point for safe haven supremacy with a packed show today so lets dive right in. And we lead the program with an escalation in tensions between the United States and china the trumpet ministration on friday announced new measures to block shipments of semiconductors from chip makers to while away technologies in announcing the move the u. S. Commerce Department Said they would be changing the export rule to strategically target while ways acquisition of semiconductors that are the direct product of certain u. S. Software and technology adding the announcement cuts off while weighs efforts to undermine u. S. Export controls under the amendment to the rule Foreign Companies that keep that use chip making equipment originating in the us will be required to obtain a license before providing the chips to walk away or any of their affiliates earlier this week the us president and donald trump extended an executive order originally signed in may of 2019 which stopped u. S.