Straight to the senior economics reporter for this. Steve, what are some of the reasons why we might not trust this data . I guess im starting off with a bias, because this seems like really good news when were just off a huge pandemic. I think a reason not to trust it is were in the middle of an historic economic shutdown and apparently on the upside of that shutdown and nobody has ever seen this kind of thing before we hadnt seen 20 Million People lose their jobs in a single month, and we really have no idea how the jobs would come back all of the other indicators we were looking at suggested there would be massive job losses. And it is well to put that into perspective. Remember the forecast was for minus 8. 3, came in 2. 5, so folks, you can do the math at home on both sides of the zero line it is nearly 11 million jobs is the number that the consensus was off by and wall street was off by it a bit too, if you dont mind my saying, they had a nice rally when they realized maybe we w
Research finds very different experiences of black and white americans when it comes to the economy and the shutdown and the coronavirus. And these different attitudes come from very, very different experiences. Looking at views on the current state of the economy, you can see that 28 nationally see the economy as excellent or good right now. Thats the same number as you have for white americans black americans 5 view the economy right now as excellent or good. Thats reflected in some of the Economic Data weve seen that shows that africanamericans have been hit harder by the shutdown similar attitudes by differences about the outlook. 38 of americans nationwide are confident or somewhat confident in the future. Black americans, 16 are confident or somewhat confident in the future. Perhaps reflecting the differing economic experiences right now a lot of this comes from different experiences with the coronavirus itself 92 of africanamericans are concerned or very concerned about the coro
We had a few clouds hanging over the market and civil unrest will derail plans to reopen the economy and add to that the rising tensions with china the white house blocking Chinese Airlines from flying to the United States and the ongoing coronavirus pandemic plenty of reasons for investors to be worried and yet here we are. Stocks are sitting at threemonth highs. Guy, what is that expression that you like to say, bad news, good price action and something along those i mean, is that what were seeing in the markets here yeah. Pretty much. Dont label me some raging books, tim, steve and other people i dont know if theyve necessarily seen the extent of this, but theyve clearly said the pain train is higher and thats correct. What it comes down to is would you rather be right or would you rather make money. The warning signs are clearly there. If your stock goes from 5 to 10, youve doubled your money regardless of the reasons why and thats what its come down to and one other thing ill thro
For the rest of the year well get a bunch after the bell including netflix. President trump is set to meet with new York Governor Andrew Cuomo this afternoon key relationship for the country and our pandemic response, which has been marked by tension and cooperation in the last few weeks. Well bring you that as soon as it begins. Were expecting that within the hour ahead on todays show, a key move for earnings. Netflix, chipotle, Texas Instruments and snapchat gear up for results after the close. Full coverage of those names and ana analysis of the reports when they come out. And how volatility has impacted brokers. Well speak with chairman Thomas Peterffy after the numbers hit were down 2. 8 on the s p 500 oil very much in focus energy the best performing sector today, only down 0. 6 well dig into all of that coming up for you. Mike santoli is tracking that market selloff. We have got the cohead of oil trading, ben lucker, important guest to join us to discuss crudes unprecedented vol
Results. Julia ba Julia Boorstin is in los angeles and very volatile in the afterhours session. Melissa, great to have you back netflix adding 15. 7 million subscribers and thats about double what analysts expected. The company also forecasting the addition of 7. 5 million subscribers in the Second Quarter and thats more than 3 million more than analyst predictions for that Ceo Reed Hastings saying there are three main effects of coronavirus. In addition to subscriber growth temporarily accelerating due to home confinement and he says that International Revenue will be lower than previous forecast due to the dollars sharp rise and he also says due to production shutdowns and spending on contact will be delayed. Hastings also expects viewing to decline and subscriber growths it decelerate as home confinement ends and as for the impact of netflix does expect some delays and they do expect secondquarter content to be modestly impacted. Since we have a Large Library with thousands of title