I was about to say how special this night is that you all beat me to it which is great. Welcome. I am the executive director of the Jfk Library Foundation and on behalf of our colleagues in the library we are thrilled you could be here all forms are great but tonight it is a treat because its also the beginning of the centennial weekend and we planned this months ago we literally thought would be the best pair a speaker and moderator we could get for this historic time . This is we have and we are thrilled they are both here. [applause] first a few brief announcements first the underwriters and sponsors including our media is spent on sponsors and for the centennial. We are kicking off the centennial about what were doing over the next few days but over the next few days there are opportunities from seeing a new exhibit with 100 items with those that have never been seen publicly before opening tomorrow. Doing a peace corps day we have an astronaut here as part of the attribute to nasa
Up next a confirmation hearing for u. S. Postal service governors and other judicial nominations to the d. C. Superior court. During this meeting members of the committee asked nominees questions concerning the health and safety of postal workers amid the coronavirus pandemic. This morning we will consider two nominees for the governor of the United States Postal Service, don lee moke and william zolers. Well consider three nominees for the judicial system to be associate judges in the superior court of d. C. We do have brief introduction of each. Donald lee moke served as president of the Airline Pilots association and captain with Delta Airlines for 31 years. He also served as an officer in the United States marine corp. Thank you so much for that service. William zolers serves red stone llc, hes the chairman and ceo of yrc until 2011, prior to that served in Senior Leadership positions with rider incorporated and Eastman Kodak company. Mark robins serves in office of general counsel
Surging. Awayee emfx which has come , it is coming off as well with the exception of the taiwanese dollar which is stating stable. ,he one, the renminbi won the renminbi they are off. You see the aussie 10year yield lower to 87 basis points. The chinese 10year yield is a turning point. We have seen a selloff in chinese bonds, this could be the Inflection Point to head lower. And we mentioned the oil price, it seems like the recovery could tolongstanding according the fed. We are seeing oil heading to its first weekly drop in two months. In thea trepidation markets come the s p dropping as much as 6 . Lets get perspective. Mark renfield cranfield joins us. We know lots of money is sloshing around. That could provide support for the markets. Mark i think we will have to get used to the higher volatility. But is one of the things we have been experiencing in the selloff in march. On a daytoday basis we get more big swings either up or down. 5 or 6 , movement has become more common. There
A look at countries that dont have corndog brains look at denmark denmark has had almost twice as much testing per capita as the United States and fewer than half as many deaths per capita that would mean around 40 or 50000. 00 extra americans have died in the past few months because we have not dealt with this as well as denmark that 169 elevenths that could have been stopped if we hadnt behaved like idiots but death is not the only problem caused by this pandemic theres also the economic collapse which is bad for everyone unless youre a day trader betting that everything will be awful for those people right now is like mardi gras with fewer naked but an equal amount of pissing in the streets so us lost a staggering 20500000. 00 jobs in april bringing the jobless rate to its highest level since the Great Depression 14. 7 percent and even Steve Menuhin our treasury secretary who has carnal relations with a roll of silver dollars every night under a framed portrait of Ronald Reagan havi
Should congress pay people to come back to work or cut the spigots off. I will ask congressman matt gaetz about that and so much more on making money. Charles stocks making a huge turn around this morning but i think several factors influenced pressure of selling in the last several sessions. The main problem i think is the fact that the market was and still is overbought. I take issue with blaming Retail Investors for being too enthusiastic. Second concerns about the economy as states do delay or reverse reopening plans. 10year bond yield plunged when it looked like we were on the verge of seeing massive rotation back into stocks. Fed action, accommodation has been fading, folks and wall street dithering. Wall street needs clarity from washington about what is going on there and playing the same old politics as usual. I want to ask to of my favorite experts, Gibbs Wealth Management president , erin gibbs and jack ablin. I will ask both of you in general, i will start with you, erin, t