Spending and chicago pmi fed chair with alan blinder in a few moments. Steve liesman will give us a curtain razor on that. Hey, steve. Good morning, carl. Yeah, were wondering whether powell continues a cautious tone, much more cautious tone than the market seems to embrace and in a way his cautious tone seems to give the market a green light because it means more stimulus or the fed being around for a long time here among powells concerns hes expressed in the past that the employment and growth rebound could take longer than it anticipated, some businesses wont survive the downturn, a possible second wave of the virus and the stimulus will run out and think about more stimulus on the other side you can see the effects of the stimulus carl alluded to in the income and spending numbers this morning. Quite astonishing. Every one of the numbers youre about to see are historic, never been there before. 11 month to month rise in income well tell you why that happened in a second. 13 month t
A 2nd way. In march this graphic shots around the world flattening the curve is all about slowing the Coronavirus Infection rate to avoid crippling a countrys health care system. So far in germany seems to have worked in other countries have had a harder time and what happens next experts say 3 possible scenarios one suggests there might be a 2nd and possibly a 3rd wave of infections similar in intensity to the 1st the 2nd predicts another far worse wave around 6 to 9 months after the initial one like with the spanish flu of 1900 and the surge anticipates a series of smaller waves with the worst behind us. South korea dealt well with the 1st wave of infection since death ray. With comparatively now the infection rate is rising again. Is a Satellite Town near so. In the Municipal Library building a walk in clinic has been set up it should help to prevent or curtail any 2nd wave of covert 19 part of the City Health Department says the key policy goal is swift action to halt the spread of
Its namesake edwin hubble calculated back in the 1920 s. That the cosmos was expanding but his calculations were very inexact the Hubble Space Telescope was to change that nearly 50 years after the astronomers initial discovery work on the telescope began and in 990 it was launched the Hubble Space Telescope has since revolutionized our understanding of the universe this year its celebrated 30 years in space and its still one of the most important instruments in the strand of. The tyrangiel a nebula in the large Magellanic Cloud its a vast region of gas a stellar nursery giving birth to new stars. And this is the corrina nebula ever 6 and a half 1000 light years from earth the how. Space telescope captured these beautiful images of far reaches of the universe. Astrophysicist route fuel has used hubble since it went into service he says it revolutionized astronomy. With its High Resolution in mabels as to proof that our universe is expanding and it makes other reading pace its an old th
Scarlet we also are looking at the nasdaq 100, which is now closing up about half of 1 . Really interesting that you brought up that whole idea of the technical levels. Predental ack prudentials quincy crosby. Hold one we managed to and close above that average. At eu read into that how do you read into that . It is almost as if everyone has become a technician. When you can close above these resistance levels and if we can add to this, what it suggests is that the trajectory of the market is positive, at least for the short term. The reason why so many have been focused on whether or not the market could close above 3000. We all abide by this because it has been hugging it for so long. Every day, closer, then consolidate. By the way, the expectations were that it would be those big tech names that would actually 3000 the concrete of the level at closing above it. Romaine we did close today on sincep 500 at the highest march 4. A lot of folks have wanted to see us retest those march le
With the conducting of normal activities in the midst of this coronavirus pandemic. Here is how you can express your thoughts. For those in the eastern and central time zones, 202 7488000. If you live in the mountain and pacific time zones, 202 7488001. For you medical professionals in the audience, it is 202 7488002. You can text us at 202 7488003 washington journal. You can post on our twitter fee d. It was the Gallup Organization posting a poll yesterday asking people what they would like to see as far as returning to normal before they themselves return to normal activities. 80 said the one thing they would like to see is a mandatory quarantine for anybody testing positive for covid19 followed by improved medical therapies for treatment of covid19. 73 of those participating said they had to see a significant reduction in the number of new followed by 68 saying the availability of a vaccine to prevent covid19 and 61 saying they needed to see widespread testing to identify and monito