The headline number, 57. 5, down from 59. 3. This is a very elevated number by historical standards still, but there are signs of some weakness creeping into those figures. It was unlikely they would remain as high as they did. The survey number was 58. We come through with a headline number of 57. 5. Prices paid a little light as well. The employment number has dropped quite significantly. This may be something you want to Pay Attention to. Remember, we are waiting for the payrolls number friday. 48. 4 is where we are coming through their. Construction spending month on month, 1. 3 . Lets break it all down. Lets get some details. Mike mckee come over to you. Michael you gave us most of the details there that matter, especially that employment number. That has been concerning people in the markets. We have seen a slowdown in the economy reflected in the topdown numbers, although manufacturing has been the source of strength in most economies around the world since the depth of the covi
92. 24. Mnuchin setretary to testify before the house subcommittee investigating the federal response to the coronavirus pandemic. With us now to discuss is Agf Investments chief u. S. Policy strategist greg valliere. We will hear from the treasury secretary. He will be asked about additional stimulus. We are hearing republicans are pulling together some sort of stimulus but there is even opposition to that. Thathappens next, given apart from small state aid, the aide is running out for individuals . Greg nice to see you. I think we are getting close to the time where mnuchin will have to get really serious, the same with nancy pelosi. The anecdotes are getting ominous. More evictions, people fixing bankruptcy, peoples finances in terrible shape. The president does not need this before an election. Frankly, i think nancy pelosi has to recognize people are hurting and she needs to take what she can get. Vonnie if you were to call it now between the 500 billion planned by many republican
Also jay powell making comments that added to some of this those who have been under such pressure, those stocks were the ones that were the biggest rebounders disney up more than 7 banks were up across the board wells fargo up by 8 bank of america and citigroup up jp morgan up mgm resorts up 10. 5 carnival up 15 . Airlines each up 13 all of those gains coming as there is hope there will be some time those stocks can get become to normal and people will feel comfortable. Thats the early trade also lets look at whats been happening i thought theme parks disney and comcast which is over 2 pretty big gain. Who knows whether it is displaced but it was on hopes of normalcy i dont think it is only moderna we are talking about there is four or five real pharmaceutical Companies Working on it. So just the potential you get and other data point where they say someone else has the success to we dont know what technique i dont know if it is mrna pfizer is working on the mrna technique as well. I
Sevenpart debt offer thats getting priced today its so true, carl. I think that word stabilization is really the key to the story here its signs of stabilization versus recovery and i think thats a key distinction and one playing out right now in the market whether youre looking at the ceo commentary on Earnings Calls or interviews on this network in recent days and the fed chairs message yesterday, arguably what were seeing in jobless claims, which are still so painfully elevate right now, but seem to have potentially peaked maybe three weeks ago, that the emerging theme is really that economic recovery is going to, at least based on everything weve seen right now and what weve heard right now, is going to take longer than initially thought, but there are still some of these potential signs suggesting that the worst, i say that with caveats and uncertainty still clouding everything, that the worst is over, whether its the comments we got from facebook on that Earnings Call yesterday o
With injuries in the hospital, seven of them employees of the state emergency service. This was announced by the head of the Regional Military administration oleg kiper. 10 private houses, a service station, a gas pipeline and two fire and rescue vehicles were damaged. Mourning will be announced tomorrow in odesa and the region. A terrible attack that happened after the use. Odeshchyna, by firing rockets from the temporarily occupied crimea, the alleged iskander m. As a result of the rocket attack , a threestory building in the Recreation Area was destroyed. Olaf scholz, Emmanuel Macron and donald tusk meet in berlin as part of the weimar triangle. Germany, france and poland, which are the largest countries in europe, will try to reach an agreement on the issue. Military support of ukraine. The disagreement between the european capitals arose after macrons statements about sending the troops of western allies to ukraine. According to diplomats, the european dispute arose against the ba