All thatnd more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by Consumer Cellular offers nocontract wireless plans that o are designed to help youre of the things you enjoy. Whether youre a talker, texter, browser, photographer, or a bit of everything, our u. S. Based Customer Service team is here to find a plan that fits you. To learn more, go to consumercellular. Tv bnsf railway. Financial Services Firm raymond james. Fidelity investments. The john s. And james l. Knight foundation. Fostering informed and engagedun commities. More at kf. Org. And with the ongoing supportt se institutions possible by the coion for public broadcasting. And by contributions to ur pbs station from viewers like you. Thank you. Woodruff round four of rescue aid is on its way through the u. S. Congrmis tonight, for ions of americans hurt by the pandemic. Meanwhile, infections worldwidei have topped 2. Ion, including well over 800,000 cases and nearly 45,000 deaths here in
All that and more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by Consumer Cellular offers nocontract reless plans that are designed to lp you do more of the things you enjoy. Whether youre a talker, texter, browser, photographer,r a bit of everything, our u. S. Based Customer Service team is here to find a plan that fits you. To learn more, go to consumercellular. Tv bnsf railway. Finanal Services Firm raymond james. The john s. And james l. Fostering informed and engaged aret rgkf. O. Ofhens tse ititituoning support this program was made public broadcasting. Ation for and by contributions to your pbs station from viewers le you. Thank you. Ou rescue aid is on its way through ane u. S. Congress tonight, for millions of amerhurt by the pandemic. Meanwhile, infections worldwide have tped 2. 5 million, including well over 800,000 cases and nearly 45,000 deaths here in the u. S. N on capitol hill, a renewed effort today to mitigate the economic pain of t
Its not difficult to be crabby when you are basically living hand to mouth with government stimulus. I thought that encompassed the markets perfectly for a day like today. A lot of earnings coming out. Delta looking at a 50 cut in daily cash burn by the end of june. In terms of their First Quarter loss, they had about a . 51 loss , and revenue was down 18 year on year. As we expected, pretty brutal when it comes to delta. Baker hughes, oil services company, saying the outlook for oil and gas is certain. No kidding. The revenue down by about 4 year on year. 0. 11, acoming in at little bit light. Lets get you some of the headlines here. All of todays market moving news from new york, as will is washington. Brent crude getting sucked into the lowest level since 1999. Bloombergs part two thought to be role bloomberg spoke to thought he be role spoke to fatih birol. Some of the countries are cutting their production earlier than announced. Others joined them. If others do not follow the ste
Already been layoffs at Hotels Across the country. We are starting to see some at restaurants and bakeries. Anything having to do with travel and leisure and hospitality is on the front lines of this. The big fear is it is going to start cascading over. The other thing that makes this particular week unique in addition to the coronavirus, we have seen energy take a nosedive. A bunch of Energy Companies lost half of their value this week. It is just an astounding drop. There is a big concern that the Energy Sector now that oil prices are so low, it is cheap gas, but we have 200,000 people in this country working in that industry. Some of those jobs are going to disappear. Host we have heard a lot of talk this week about a possible recession, about this country sliding into a recession. I want you to define for us what a recession is and then tell us are we headed into one . Guest a recession in economic terms is six months of negative growth. The economy is literally shrinking. The deba
Afternoon if you are watching from asia. Im Francine Lacqua in london. Ato era july manufacturing 46. 5, a touch above expectations. Watch,llar is one to also the u. S. 10 year yield. The markets broiled from what we heard jay powell say. Said they peace time rate cut has had an impact on the dollar extending. European stocks up. Pound is the one we have been watching for. 2110, this depends on whether goes for a hard brexit. Oil, 57. 8. We have an exclusive conversation with an exclusive executive and joining us later, the global head of research for blackrock. Before we get to all that, lets get to the first word news in new york city. Quarterpoint cut from the benchmark rate by the fed. That says it will stop drinking the Balance Sheet in august shrinking the Balance Sheet in august. This move dashes hope for a move. Er dovish it is intended to ensure against Downside Risk from week Global Growth and policy uncertainty. To promote a faster return of inflation to symmetric 2 objectiv