Essential workers in new york are ordered to stay at home. While the corona virus pandemic has hit another grim milestone as the global number of deaths attributed to the disease passes 10000 just over 4000 of those are in italy alone where the Record Number for fatalities in a single day has been broken yes again soldiers and ive been deployed since the hard hit lumber to the region to enforce restrictions there in the u. S. The governor of new york state says 100 percent of normal essential workers must stay at home that came a day after the announcement of a loss and in california while in britain 65000 retired doctors and nurses have been asked to return to work as the Prime Minister doubled a dine on National Restrictions hes now ordered bars restaurants and gyms to cools in a matter of hours and at a stark warning suggest people the hands of the World Health Organization reveals that people under 50 make up a significant number of those needing hospital care lets get more on the
The Global Supply chain factor. Early facebook investor Roger Mcnamee joins us for what the virus means longterm for Companies Like apple and tesla. Paul, dramatic day for the markets and elsewhere. Why are you following . Paul tuesday trading day in asia, i guess the question is, to far is this stone going think . A drop asoking for well, about 2. 5 . Nikkei futures, big hit, 4 . South korea had one of its worst days and 17 years on monday. Japan of course playing catchup because monday was a Public Holiday. Take a look at currencies. The aussie dollar hit the yard over the past 24 hours. Currently just hanging on above . 66. The aussie 10 year continuing to slump toward historic lows. Of red. Uyh a lot in the u. S. , stocks tumbled. Three benchmarks slumped. Good to Abigail Doolittle lets get to Abigail Doolittle in new york. Abigail the markets selling off in a big way. Here in the u. S. , a three day slide. This is the worst of those three days. Friday, the disappointing pmi number
Positive things in the jobs report as well. S p up 0. 2 now, but of stocks making big moves on good news, including lululemon, up 8. 5 on analyst comments. Conagra, even though it got a downgrade and started the day lower, is up 0. 6 now. Guy lets get some insight on todays payroll number. It wasnt a headline level miss, but it kind of felt like pretty much what the market was looking for. With us is ira jersey. Ira, did todays number change anything . Ira i dont think it changed much. Like you mentioned, it was really a mixed bag. The number of hours worked, as well as hourly average earnings, was ok. When you look at what i call the paycheck of the economy, the some product of all of those the sum product of all of those things, it is higher than it was last month. Not much, but maybe we are stabilizing here considering average wages were falling for the bulk of the year so far. Vonnie larry kudlow mentioned that in terms of wages, we are now 4 plus over the last three months. Im won
His 448page report on russian interference in the 2016 president ial election in front of two separate congressional committees. And frustrating lawmakers on both sides with his refusal to stray from the report or make any conclusions as to whether the president should be charged with obstruction of justice. What exactly if anything did we learn from former special Counsel Robert Mueller . Lets ask former Justice Department official and former counsel to the Senate Judiciary committee, greg nunsiata. Welcome, sir. Mess your t. Pleasure to have yo. Let me ask about the issue that was raised by the congressman which is the claim in the report that Robert Mueller issued which was that the president was not exonerated by the report. Is that a violation of traditional prosecutor prosecul behavior and discretion. Yeah, certainly in contrast, in tension with our general an glow american principles of angloamerican principles. Kind of a creation of special counsels statute. Theres been problem
His 448page report on russian interference in the 2016 president ial election in front of two separate congressional committees. And frustrating lawmakers on both sides with his refusal to stray from the report or make any conclusions as to whether the president should be charged with obstruction of justice. What exactly if anything did we learn from former special Counsel Robert Mueller . Lets ask former Justice Department official and former counsel to the Senate Judiciary committee, greg nunsiata. Welcome, sir. Mess your t. Pleasure to have yo. Let me ask about the issue that was raised by the congressman which is the claim in the report that Robert Mueller issued which was that the president was not exonerated by the report. Is that a violation of traditional prosecutor prosecul behavior and discretion. Yeah, certainly in contrast, in tension with our general an glow american principles of angloamerican principles. Kind of a creation of special counsels statute. Theres been problem