Case against him to be dropped. Those are your headlines my colleague your heart will be here in an hours time with another look at the headlines i want to argue International Stay with us. The low end welcome to cross top where all things are considered on people about economics is called the dismal science for reason it is often imprecise and almost always open to see what you want to see in many ways economics remains in our however the Economic Situation sets us all know is much more than about our its about the way we. Will live for this foreseeable future are we witnessing a recovery if so what kind of. Discussing the economy and more im joined by my guest daniela de Martino Bucci is an daoist she is the c. E. O. And chief strategist for Quill Intelligence a research and a linux firm she is also the author of fed up an insiders take on why the Federal Reserve is bad for america as well as they call mr Bloomberg View and in new york we cross to marshall are actually is a Research
Ride to the rescue and do things that its never done such as get into the high yield bond market and rescue companies that have been downgraded which is set off what we call animal spirits the likes of which weve never seen now we have individual that does this smallest of Retail Investors pumping up things like insolvent companies such as j. C. Penney and hertz that have actually declared bankruptcy filed for chapter 11 and yet investors in general are so convinced that because of the feds extraordinary actions to contain the al fall of the credit market of the credit bubble bursting that the fed no matter what happens is going to have their back with i mean thats like the fed choosing winners i mean is that really healthy for the economy because it again thats kind of an evolution i mean thats a choice its not really Market Forces as were always told to worship here i find. Really quite bewildering and what is the doing if youre buying Corporate Bonds i mean this is this is its not c
Havens. Gold surges with a spot price nearing 2000. Bullish bets on the euro hit a record ahead of todays pmi number. Cash tradings one hour away. Here are your top headlines from the bloomberg terminal. Tictoc terminal tiktok turmoil. Stocks and futures trading mixed. Toe pompeo suggests action protect National Security will not stop with this company alone. Surging baddip on loans. The group says it will accelerate cost cuts. Hear from our exclusive interview with the cfo. 16. 4 billion. They broker a deal for speedway gas stations. Just under one hour away from the start of cash equity trading, take a look at what is going on in terms of futures. Ftse futures down this morning, about. 2 . Dax futures rising. If you were to broaden out this view, you would see an even bigger range. Cac futures are up more than. 5 percent right now. Omx futures are down. 7 . Take a look at what is going on in the u. S. A little bit of a mixed picture as well with nasdaq futures higher this morning. S
An important day in washington good morning, everybody. Welcome to squawk alley. This morning john fort has the morning off. The market in a bit of a molding pattern. Earlier this morning we heard from both sides of the isle. The argument is how much is appropriate at this particular juncture as we try to get the company back on its feet and get the country back at a place where it can sustain itself at the earliest it would be this year or early next year. Can we give a huge chunk of money to the people who are disenfranchised . To those that want to sna business so badly and they cant. Who are the most affected because they had the at least chance in our country . That has to be something that both sides can lead to perhaps you mistook them for someone that gives a damn. They dont believe in governance they would require some acts of government to do that. Ilan, well see if we get any more upaddition. Yeah, pelosi said part of the goal here is to get more money in the hands of the pe
However the Economic Situation sets us all now is much into sizes the importance of family and community and industry to the nations liberty and prosperity all right crossed up rules in effect that means you can jump in if you dont want and i always appreciate it ok when we go to our national 1st in new york last week we came out with some new job numbers and it was quite surprising for a lot of people there was a row of jobs growth approximately over 2000000. 00 though there seems to be some all of the issues now which was interesting in itself. Which gives people reason to believe that there is some kind of recovery and i would really would like in this program to be politicized that i dont want to talk about who whose advantage it is ok because thats its turned into a political football and we need even with something that is the Great Depression so i think we have to take it very seriously so marshall i mean are we in some kind of recovery or is it too early to say more recovery in