Winning streak falling by 300 points yesterday take a look at whats happening. Yesterdays session, the dow was down s p dipped back in for the year inching its way in the day before the nasdaq did power to a new record close and briefly broke above 10,000 for the first time. Lifted by amazon, apple, facebook and microsoft which all closed at record highs adding about 5 trillion. About the amount well spend in federal spending this year also take a look at whats been happening with u. S. Equity this hour both the dow and s p are under a little pressure. Dow indicated down by about 60 points s p down by 3. The nasdaq, even after all these gains is indicated up by about 17 points this morning taking a look at whats happening in the treasury market the 10year seems to be yielding 0. 797 crude oil prices are in the red. Crude oil prices, talking about the recovery theyve made. Talking about wti. Down about 2. 3 . What an improvement or a gain in crude oil prices now above 38 thank you it is
Hitting an alltime high yesterday continues the momentum up another 37 points on futures this morning on nasdaq. Meanwhile investigating the origins of the russia probe as you could see the nasdaq is alltime high yesterday and general attorney general bill barr saying hes trouble of what has been called to his attention so far. We are waiting on criminal investigation by john durham and added that americans will be able to recognize some of the names under investigation as part of ongoing probe, we will have more on what the attorney general said today. The coronavirus pandemic, more businesses across america are opening but dr. Fauci is warning the nightmare is far from over. The World Health Organization is now walking back the claims that asymptomatic transmission is rare. Mornings with maria begins right now. European markets mixed, ftse 100 down 26 points, cac quarante down 21 rand dax germany lower. Bars, restaurants, hair dressers will remain close in july 1st in euro zone. In a
Reporter through 2022 the Federal Reserve keeping rates near the zero mark. Gdp growth for the fed shows a loss of 6 1 2 this year but bouncing back 5 1 2 growth for inflation. Fed predicts inflation under 1 1 2 for the year 2020. Not reaching 2 target goal for the end of 2022. For the Federal Reserve, federal federal funds rate going nowhere. Listen. Were not thinking about raising rates. Were not even thinking about thinking about raising rates. Were providing for the r support for the economy. We think this will take time. Reporter Federal Reserve chairman Jerome Powell says their goal is to get back to the record low unemployment, and inflation back to the 2 target line. They hinted they may let the economy run hot to reach those goals. He says record drop in Second Quarter growth but a bounceback towards the end of the year on unemployment. He says we may have seen the bottom. Listen. The labor market may have hit bottom in may. We dont know that. Were going to see. And you know,
Program,ve callin washington journal. Heidi shierholz, former chief economist at the u. S. Department of labor earned the Obama Administration from 2013 to 2017. Now with the Economic Policy institute. Thank you for joining us this morning. Thanks for having me. Host wanted to talk about the impact of the pandemic on workers. What do you see . Its pretty grim. Its really bad right now. So as of mid april, the official Unemployment Rate had jumped to 14. 7 . But because of some misclassification and undercounting of people who had lost their jobs as a result of the virus, i think that a more accurate description of where we were in mid april is more like a 23. 5 Unemployment Rate. And weve had another five weeks of deterioration since then so its pretty grim. Really sachs which has a good Economics Research shop, they are forecasting that the Unemployment Rate average 30 in may and june. So its going to get worse before it gets better. Its pretty grim for workers out there right now. Ho
Cases surging there. Brazil now only second behind the u. S. , and cases spiking across the border in mexico. Were there live this morning. Manhunt under way. Police in three states desperately searching for a 23yearold homicide suspect. The university of connecticut senior armed and dangerous. The latest this morning. Food supply fears. With nearly 5,000 meat packing workers infected and prices surging, how covid could impact your holiday cookout. The president of a big regional Supermarket Chain joins us live with what to expect this summer. The bike spike. The nationwide shortage right now. Why its so hard to get your hands on one. Your best bet to find a bike and how you could retool your old one with a little diy. Go our separate ways and the big split. I split my pants. Peyton manning and tiger woods taking down tom brady and Phil Mickelson in that epic clash of the titans golf match. From bradys miracle drive oh, go in oh, my goodness. To mannings tough trash talk. Cheap shot. A