Economy to be reimagined and reconfigured in the way of a Global Pandemic that is shut down the daytoday operations of the economy. So that is a challenge that first order is to migrate my own job so the first person i thought of they happily complied dean baker senior economist for Economic Policy research the most recent book is called rigged and one of the reasons i admire as we go tonight as a fierce critic of the status quo and intellectual property. And its an ebook form also joining us is the staff writer kate i believe it is working on a book manuscript now and recently contributed the teacher is hours . So i want to thank you both for taking part in two dates discussion and the spirit of economic revival. If you are engaged of the topics of tonights discussion with the recent appearance on the podcast the politics of everything and reimagining the economy. Also to be a part of this discussion and its going live on facebook right now. And thats all i got. So to start with a ver
Coronavirus cases spiked across the country. We have Team Coverage for you this morning on the plans to scale back the reopening kron fours will tran is live in Contra Costa County. Lets start off with kron 4 Sarah Stinson who is live in Orange County which is allowing some businesses to reopen this morning but not as many as originally planned sarah. Robin thats right. Im live here in larkspur where im at a hair salon on one side and a barbershop and the other bowls gearing up to reopen today. Theyre finally allowed to open and i can see as ive been going up to a lot of salons in marin county theyve been prepared for this is classic park partitions in between the employee and customer as they get ready to pay for the services, theyre doing a lot to prepare for that and theyre able to reopen today despite a spike in cases than their single most high spike in one day last week. But take a look at your screen. These are the businesses that can reopen starting today despite that spike in
Dow indicated up by about 200 points, s p up by about 20 and nasdaq up by about 59. The dow closed above 26,000. S p was actually up about two points ant the nasdaq up about 32 treasury yields about where weve been 10year around 0. 7 . This morning, it is at 0. 715 overnight, twitter adding a warning to a post by President Trump. The tweet is a video of two toddlers running down the side walk that had been altered that said racist baby probably a trump voter. Twitter tagging that as manipulated media with a link that the original was cnbc story about a friendship between two toddlers the continued battle between social media and some of the social Media Companies and President Trump. Facebook removing Trump Campaign ads that used a banned hate group symbol to identify context. It issued a red triangle symbol used by nazis. The campaign used that symbol as it denounced antifa, a group of protesters the president has blamed for vandalism during the protests a lot of back and forth in ter
France and germany and others remove travel receptions spur tourismu. To and britains nonessential shops opened today as well. Stocks fall on fears of a wave of rhinovirus infection. Over 20 u. S. States see a pickup. Tokyo sees the most cases in over five weeks. Beijing reports another outbreak. Plus, bloomberg learns of an internal plot at nissan to take months beforeown his arrest in japan. The information comes to light and is due to face a trial in tokyo. Just under one hour away from the start of cash equity trading. Lets take a look at how far down futures have fallen, right now looking at 2. 5 drop on the stoxx 50. The benchmark index. Futures down a little bit more than that. Teachersok at u. S. As well. S p 500 emini contracts approaching 3 losses. Nasdaq futures off. What does the gmm look like . Anna ill get to the gmm in just a moment. Pricel giant revising its assumptions and expecting to take a charge in the second quarter. They see a noncash impairment and the write off
Killing george floyd was intentional act it wasnt premeditated but it was intentional the 1st degree charge simply meant that there was a reckless disregard for human life and the family in the protesters gather that was not an appropriate charge former u. S. Defense secretary james mattis has criticized trumps handling of the crisis is accused him of dividing the American People saying the consequences of the visit of 3 years without mature leadership former u. S. President barack obama addressed the situation brought about by the death of george floyd he says people of color have witnessed too much violence and called for progress on Police Reforms i want to speak directly to the young men and women color in this country. Who is where im just so eloquently described we have witnessed too much farms and too much. And too often some of the violence has come. From groups who were supposed to be serving and protect you. I want you to know that you matter i want you to know that your mind