This is a boom bust the one business show you cant afford to miss in washington coming up. To creating. Conditions for implementing the phase one tiny u. S. Trade agreement the spotlight is back on china u. S. Trade as the peoples republic has waived tariffs on some imports from the United States straight ahead we bring you expert analysis into what lies in store for the worlds 2 largest economies plus tesla is defying california orders and has reopened operations within the state what does this mean for the auto giant we have a blue bus panel on hand to break it down you got a packed show today so lets dive right in. China announced tuesday a new set of u. S. Products for waivers from the tory tariffs put in place amid the height of the trade war between the worlds 2 largest economies now the Chinese Foreign ministry issued a statement saying the waivers on 79. 00 products will be. Put in place on the 19th of may and expire in may of 2021 the new list of products with waivers includes
Business lending facilities to keep credit flowing as u. S. Job losses surge past 30 million. Shery lets get started with a quick check of the markets. We are seeing pressure on u. S. Futures, falling more than a percent at the moment, after the s p 500 fell from the sevenweek high. But yes, it was the best month since 1987. We saw the s p 500 climbing 13 this month. We have more pessimism about the economy today. We had dismal jobless claims data. Slowing down but elevated. We have positive sentiment being filtered through with the fed expanding the scope of the main Street Lending program. Also, the nasdaq was helped by results from microsoft, facebook, and tesla. When it comes to wti, we continue to see extended gains. It is trading near 19 per barrel. This, as we saw signs of fuel consumption start to recover in the u. S. We have a few markets that are closed across asia. China,cludes hong kong, singapore, india, and many more. Limited trading in the asian session. Haidi yeah. Shar
Few smiles and the magic kingdom. Disney suffers a coronavirus hit with seem parks shot, movie theaters closed, and sports on hold. Shery a quick check of the market. This after u. S. Stocks gained ground for a second day in the regular session. We have sentiment being boosted as more economies move towards easing lockdowns. Still, in the last hour of trading, there were some cautionary comments on said officials that cut gains in half. New zealand stock scanning. 8 . This would be a Third Session of gains. Therir rate. Rate. Ir we have the rba leave rates unchanged. We are looking forward to retail Sales Numbers very soon and we will see how all of that toilet paper hoarding that we saw in march is reflected in the numbers. Not Much Movement for the japanese at the moment. Tosident trump continues push the theory that the coronavirus originated and escaped from a lab inside wuhan but sources within the u. S. Intelligence Community Say the intelligence is less than definitive. That as
Actually voting on a select committee to oversee the money for the cares act. That vote coming up next on that, adding money to the Payroll Protection Program. At this moment right now there will be nine waves of voting because of social distancing as lawmakers will file through to do their vote on this. The aid package, the 3. 5 as it is called, aid package is expected to pass. Then it will end up at the white house later on tonight. This package will add 321 billion to the payroll protection problem which has been out of money now for seven days. House minority leader Kevin Mccarthy said 4. 4 Million People filed for unemployment this week are owed by an apology by democrats for letting the problem out of money because some of those people may have had jobs. Government told them they had to shut down for the health of the nation. They made a sacrifice, but they got sacrificed for politics last week. Shame on this body. Reporter during the debate, House Speaker nancy pelosi actually t
We have three markets. Maybe even more. After a day where the dow advanced 39 points, s p declined. 05 , nasdaq did one point, i want you to forget about the averages for a second or a week or a year or until the end of the pandemic. Thanks to the onslaught of the coronavirus, something that no ones ever seen, were seeing Something Else thats incredible not just the complete untethering of main street from wall street, but the disentangling of even small publicly traded companies and medium size ones from the big dogs that have it easy and can handle this hellatious moment. We all know main street isnt wall street. When we get another hideous jobs loss claims number like we did this morning, now were seeing more separation, that is its stunning. In my 40 years of investing, i have never seen anything like what im about to talk about so im going to walk you through what could amount to a destruction of a fair share of American Business that incredibly might not impact much of the stock