Of that will be technical selling. The bond market is a little bit unusual not so much happening in yields here, but in europe you are seeing pretty strong support. The time now for the market moving news from our new york team. We want to begin with china and that historic economic slump. Ae first contraction in backdated. We have our correspondent with all of the details. Mike it was actually worse than you expected, 6. 8 decline, the worst since they started reporting quarterly in china back in 1992. The economy has not contracted the fullyear basis since 1970s. We will watch that. One reason the numbers were not worse, if you look at the second number, smaller than expected, Industrial Production of on. 1 , factories returning to work. The problem for them is with the rest of the world unlock and there is nobody to buy their stuff. Consumers are not buying. Lockdowns were lifted but people are still reluctant to go out and spend. Retail sales down 15. 8 this is important because th
Obviously, i could do this privately and i have but i would like to say a public thank you to terry for her support for her advice over the years, including many good topics, suggestions, and if you are here you will know she is responsible for the beach boys, and all sorts of others we have enjoyed over the years thanks to her suggestions. So terry, would you please stand up . [applause] tonights speaker, claire l. Evans, has achieved notable success in two disparate fields, both as a musician and as a writer. In the former career, she is the lead singer and cofounder of the conceptual pop group yacht, and has recently returned from a tour in europe with that group. But it is her second career as an expert in the area of technology that brings her to us tonight. And in that regard, she is the former futures editor of motherboard and a contributor to vice, the guardian, and wired, among other publications. She is, for example, the Founding Editor of terraform, vices sciencefiction chro
Vote. Delaying its deliver to the house, draft legislation showing that bill includes 130 billion for hospitals. 150 billion are in state and local governments, 350 billion for Small Businesses, 4 months of Unemployment Insurance, and many working family 1200 per adult, and 500 per child. 4 republican senators, including Lindsey Graham are threatening future of the bill, raising concerns about unemployment benefits, saying they would incentivize people not to go back to work. Senator Bernie Sanders threatening to put a hold on the bill. Saying he wants try ther redirections on money given restrictions on money given to corporations, prelimina officia potentially delaying the bill even more. Objects to the bill coming from state leaders, democrat new york Governor Cuomo says that bill does not provide his state enough known to fight the coronavirus. Instead of funneling money to those who need it most, they found ways to fund things that have nothing to do with the coronavirus. We have
Nice pop after yesterdays disastrous performance, but still, you cant call any kind of victory within the crude market. Time now for todays top market moving news from our washington and new york bureaus. Congressional republicans and democrats are preparing for a fourth round of stimulus. Joining me is kevin cirilli. The ink hasnt even dried on third stimulus package. What are we talking about for phase four . Kevin kevin i was speaking with sources on both sides of the aisle, and the conversations are starting first and foremost on where the holes are left as a result of the latest round of economic stimulus. They want to see how quickly they are able to get liquidity to businesses, as well as to americans as they are expecting these paychecks in their account. The second part of this is likely going to be in the Financial Services sector, as well as other industries that have been pummeled as a result of this. I wouldnts bait that now, lawmakers arent going to begin talking about th
Vote. Delaying its deliver to the house, draft legislation showing that bill includes 130 billion for hospitals. 150 billion are in state and local governments, 350 billion for small businesses, 4 months of Unemployment Insurance, and many working family 1200 per adult, and 500 per child. 4 republican senators, including Lindsey Graham are threatening future of the bill, raising concerns about unemployment benefits, saying they would incentivize people not to go back to work. Senator Bernie Sanders threatening to put a hold on the bill. Saying he wants try ther redirections on money given restrictions on money given to corporations, prelimina officia potentially delaying the bill even more. Objects to the bill coming from state leaders, democrat new york Governor Cuomo says that bill does not provide his state enough known to fight the coronavirus. Instead of funneling money to those who need it most, they found ways to fund things that have nothing to do with the coronavirus. We have