Protests and the fallout from joer george floi, but the market and stocks are focused on Economic Activity, period we just keep getting good news its good news off very lowered expectations whether it be cheesecake getting a lot more people than they thought or the airlines this morning. American saying good things. Whether it be ebay pronouncing right now things are better than expected whether you talk a look at a lot of the companies that, you know, morgan stanley, gm, of course this quarter was the weakest, but maybe next quarter will be the strongest. We have a number of Oil Recommendations saying they have come all the way back. So the street is really bullish. After being very bearish you see a lot of price targets that were cut severely are now going back up. Its a kind of dont fight the trend where the most overbought we have been since 2009, but if you go back to 2009, we were up 11 on the s p. We had great period after. People are fighting the tape if theyre selling. How abo
About with joe, andrew and becky and the degree to which walmart can post a 74 increase in ecommerce it looks like the big guys won. You basically had them cordoned off as essential services. So many other companies, little companies, medium, small, just couldnt compete this is what happens when you have a survival of the fittest economy. This is darrwin playing out. These numbers are astounding if the stock had not run up every day, i wouldnt know what to do. Add back 60 cents for home depot and before you start selling it thats the costs they said home depot had to keep traffic back they had to hold back traffic because they were trying to do it safely. Walmart had these big stores, they were set, ready, and their dotcom, ever since they bought jet. Com has been amazing they also can do a lot of food these are Great American companies that are on fire the move in walmart is stunning ever since he decided doug mcmillan, who is on squawk tomorrow, decided to creator the earnings in ord
Massive local tax increases. Anyone of those alone threatens to make this economic crisis even worse and the combination of all three is almost unthinkable. The bureau of labor statistics just reported that state and local governments laid off nearly one million workers in april. That is almost one million firefighters, police officers, teachers, Emergency Personnel that should be on the front lines of the Public Health crisis but are sidelined instead. Chairman powell, let me start by asking, do you agree that our economy will get worse if state and local governments are forced to lay off even more firefighters, teachers, any and Emergency Personnel . Let me say what we are doing. We have a liquidity facility that is there to address the shortterm liquidity needs that these entities have because of their loss of revenue due to the effects of the pandemic. That is really the tool that we have. I appreciate that. That is not my question. States,ion is if counties, and municipalities con
District wonders how effectively schools can practice safety. While coping with a million cut from Public Schools because of the pandemic. We have just cant fall extra cleaning disinfecting during the course of any school day. So you know we really want to know what thats going to look like some that the state erspective. The federal government needs to step up that they want this economy to return to normal in any way shape or form they need our schools to do the same and the arts do that we need a lot more money. Members from the School Reopening task force are expected to share their early findings today during a Virtual Meeting with state education officials and leaders from californians a california, its 1000 school districts. Developing news, this morning, the university of california says that campuses will be opening in the fall despite the covid19 pandemic that currently is shut down most campus activities across the state. Joining us live now from ucsf with more on how this m
To accommodate the need for 6 feet of space between our students in their classes, hallways. And in common spaces. That could also include hybrid learning with some students in class while others learned from home. Answers in guidance could come thursday during a Virtual Meeting with state education officials and leaders from california is 1000 School Districts members from the School Reopening task force or expected this year there are early findings johnson psaki with oakland unified schools will be watching we imagine this is going to fall ppe for everybodys can imagine a physical distancing for everybody is going involve extra cleaning disinfecting during the course of any school day. So you know we really want to know what thats going to look like some that the state perspective. Psaki says the district is working on a plan of its own but is looking for leaders to step up to provide more guidance. So lucky says with 35 million cut from the budget because of covid19 on top of the 2