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Transcripts For RT Boom Bust 20240713

And russia seeing sharp rises in their cases brazil topped 127000. 00 and factions leading to an even gloomier outlook for the 2nd largest economy in the western hemisphere this as analysts Capital Economics have predicted at least a 10 percent decline in the nations quarterly growth this due to the outbreak while russia still seeing a surge in cases with most of its capital and largest city moscow the virus lock down combined with the global drop in oil prices well theyve contracted russian economy activity by one 3rd according to the countrys federal tax service chief meanwhile the us still the epicenter of the global disease with more than 1600000 cases the us unemployment numbers are still growing last week another 3300000 people filed for jobless claims bringing the 7 week total to 33500000 this while President Trump has renewed his calls for the Supreme Court to strike down the countrys Affordable Care act also known as obamacare this is a move criticized even by his own general

Transcripts For RT Boom Bust 20240713

A wall toss away from all time high so basically even with the unemployment numbers the news wire was bad but apparently this is less that because last weeks tally was the lowest since shortly after the clinton virus was declared a pandemic so many analysts believe that we have kind of cycled through the worst of the 4 shutdown but on the other camp i dont think its true many think that the aftermath of the disaster is going to be the much bigger problem than the disaster itself its going to be the rebuilding and the reopening and this is not going to be a very quick recovery but the market in of itself theyre still up on optimism because were doing less bad the entire good news is bad news and bad news is good news narrative is still intact well we are waiting on a report for more numbers to come out for the month of april tomorrow well see if that has any effect on the market but danielle 10 year treasury yield fell by point 7 percent on thursday and now this comes after the week tre

Transcripts For BLOOMBERG Bloomberg Markets Balance Of Power 20240713

Other sectors stepping it up. David that is what i am interested in this week is the u. S. Treasury issuance. We will have to borrow a lot more money. What you think that will do to the treasury market . Abigail today does not having much of an effect. Last week there was a big selloff. On the corporate side, there has also been a ton of issuance. It seems as if the markets are absorbing that supply. Lets see whether that continues. Certainly helping today, one sector that is doing quite well, the Health Care Sector outperforming, especially biotech. Cardinal health put up a good quarter, that has to do with druggist to big drug distributor, the fact they saw their sales boosted by covid19. Weve been talking about the gilead virus drug. It is a pitch scratcher it is a headed scratcher on that one. It lessens the time. It is not a game changer for the economy. A little bit of a popping. We will certainly be watching that debt issuance. That could help to break the tugofwar weve been see

Transcripts For RT Boom Bust 20240713

This is boom bust that one business show you cant afford to miss. Out in washington coming up american style more jobless claims as the u. S. Braces for a historic Unemployment Rate plus tensions between the u. S. And china as the coronavirus threatens a new cold war between the 2 countries we have a packed show for you today so lets go and dive right in. We began by tracking the spread of the Novel Coronavirus the brics nations brazil and russia seeing sharp rises. In their cases brazil topped 127000. 00 infections leading to an even gloomier outlook for the 2nd largest economy in the western hemisphere this as analysts Capital Economics have predicted at least a 10 percent decline in the nations quarterly growth this due to the outbreak while russia still seeing a surge in cases with most of its capital and largest city moscow the virus lock down combined with the global drop in oil prices well theyve contracted russian economy activity by one 3rd according to the countrys federal ta

Transcripts For CSPAN U S House Of Representatives U S House Of Representatives 20240713

In the house today work on two veterans bills and recommendations for modernizing congress. You are watching live coverage on cspan. The speaker pro tempore the house will be in order. The prayer will be offered by our guest chaplain, reverend erin keys, capitol hill presbyterian, washington dis. The chaplain let us pray, god, we ask you blessing upon all those gathered here today and upon our nation as we along with countries all over the world face the anxiety and fear currently surrounding the coronavirus. Though much about how the situation will continue to unfold is unknown to us. We trust that it is known to you. From the beginning of time, your spirit has hovered over the chaos of our world bringing order and life so we pray that your spirit continues to do so now. We pray for the safety of all people and we pray for the wisdom of our leaders as they guide us through this time. Amen. The speaker pro tempore the chair has examined the journal of the last days proceedings and anno

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