Coded 1000 pandemic now the focus is on devastated economies were in a recession will it morph into a depression will the recovery be a u. Or an l. Shaped across uk economic recovery im joined by my guest Benjamin Cowen lubbock he is the director of the Free Market Institute professor of economics at Texas Tech University as well as a senior fellow with the independent institute and in los angeles we cross to blighty and he is an independent economic and geopolitical analyst as well as a former commodities trader all right gentlemen crossed up rules in effect that means you can jump in anytime you want and i was appreciated lets go to los angeles 1st here i said in back of my introduction i guess probably the most important question there is as we come out of this pandemic and. Its all going to be about the economy and its everything were going to think about for the next few months if not years is about recovery so infer a very simple question will it be a v a you or in hell go ahead
Check on markets. Some positivity still feeding through the back of that china data that came in better than expected in terms of the retail sales. S p futures on the front foot, up. 2 . Four days of gains. Closer to above 3000. How much farther does the rally have to go. We look ahead to earnings. The 10year yield is backed up a. 2 curve. Lets get the bloomberg first word news. President donald trump has been accused of racism this after suggesting four female lawmakers to back to their crime invested crime infested places they came from. Of the four women were born in the u. S. And are racial or ethnic my own minorities. The purchase of a Russian Missile defense system. The u. S. Says deploying the missiles jeopardized a fighter jet. The white house as picked a package of sanctions for turkey with an announcement coming soon. Dozens arrested as protests continue in hong kong. This includes clashes with the police in a shopping mall. Emmis traders were demanding demonstrators were dem
Event, but organizers say this new policy is intended to try to keep people safer through its duration. The fair ceo says the new policy also places a limit on the number of minors each adult can bring in for each chaperon. They can only have four youth 18 or older with them. The Contra Costa County fair isnt the only site that has adopted a similar policy. After brawls on its grounds last year, Great America in santa clara adopted a similar policy requiring minors to have a chaperon who is at least 21 years old, at the fairgrounds in antioch. Sergio quintana, nbc bay area news. Sergio, thank you. Tonight some highs and lows for San Francisco struggleith homelessness, the city says despite its efforts, theres been a jump in unhoud people over the past two years. Take a look here. These are new numbers from this years point in time count. You can see how this has trended since 2019. The city says it identified more than 8300 unhoused people. That is up 7 since 2022. But the city says pr
About their loved ones stuck in this storm. Reporter that is right brian. Before this well thing is over at least a foot of rainfall will be dumped on puerto rico and that is after this hurricane devastated other smaller islands including dominica. Melissa is from allentown but attending medical school on the island of dominica. And the last time she spoke with her daughter was monday night a short time before the storm made landfall. Now that she is out of the way she is stressful not knowing what the situation it like. Nor is she safe or any of the kids safe . Of course Hurricane Maria set its sights on puerto rico. And Police Captain Javier Rodriguez says a huge portion of his family is there and after seeing what it did to small islands in the caribbean he is terrified. Some pueblos are condensed and you dont know what the damage will cause once the rivers start to overflow and how long it will be before the roads become impassable. Council woman sanchez who also as family on the i
Foundations for a new eastwest trade route. Rishaad the weekend hackers may strike again on monday. At apples market capitalization in excess of 800 billion. If you add them up, you have a 8527,d capitalization, we are at roughly 3 trillion. Quite something. That is what we have at the moment. Some people saying these five have too much clout when it comes to soft power and real power with the amount of data they have at their disposal. The tech names pushing higher with the rest of the market treading water. On the asian agenda, some china expected, retail sales come Industrial Production, some of that expected to have ease, particularly industrial activity , painting the picture q1 was week. I want to touch on the credit data over the weekend and on friday. , credit expansion continues to push forward despite the Deleveraging Campaign from beijing that has shaken the markets. We did see these numbers coming in stronger than expected, aggregate financing expanding to just over 200 bil