Chinese demand levels almost at precrisis level. Time for todays market moving news from our washington and new york teams. We want to start with fed chair jay powells comments on the economy. In an interview with cbs, he expressed confidence in the recovery, but timing is still hard to predict. Chair powell the economy will recover. It may take a while. It could stretch through the end of next year. We really dont know. Michael mckee, International Economics and policy correspondent, has more. Was there anything new on cbs . Michael nothing really new, just summarizing what we already knew from the fed and from economists and disease experts. He suggested that what it is really going to take is a vaccine before people feel really confident and the economy can start to move back in the direction of where it was before all of this started. He said congress and the central bank may need to do more to keep us afloat during that period. Appropriate government policy could buy time for work
Dire projections and devastation from covid19. Were down five basis points good lineup today well speak exclusively with the cfo of tyson as concerns mount about the safety of Meat Processing plants. Plus, Mike Novogratz will join us on what he makes of Warren Buffetts comments on the airlines and market, plus, well speak with tom steyer about the path forward for america specifically, he sits on californias task force to reopen the economy along with janet yellen and tim cook. Well start with breaking news from the treasury. Kayla has more from washington the Treasury Department says it expects to borrow just shy of 3 trillion in this quarter alone to fund the expenditures outlined in the cares act stimulus and also to off set the individual and Business Task revenue thats not coming this because of that delayed deadline to say this is a record amount is an understatement the last record that the treasury saw for borrowing was the quarter july through september 2008 the height of the
We welcome your comments by text , 202 7488003. Tell us your name and where you are from. Wj. Twitter we are cspan maryland was one of the first states to impose tight restrictions. The latest from the Washington Times, saying they will ease restrictions and prepare to reopen maryland. The governor eased coronavirus restrictions wednesday to allow residents to participate in some outdoor act to videos and resume elective medical procedures. They closed Public Schools for the rest of the academic year. Residents may participate in golfing, fishing, boating, tennis, camping, and other outdoor activities. He added that local governments can exercise flexibility in reopening playgrounds and parks. That is from the Washington Times. An Washington Post published oped, an opinion piece by five republican governors who kept their states open. Five republican governors, our states stayed open during the coronavirus, here is why our approach worked. That is the headline of the piece. The governo
Halls curious and engaged seattleites. Everyone is willing to stare or talk into their computers now, i want to thank rich cordray for helping us keep the conversation aloft here at town hall. To view a closed caption version of tonights program, please watch if our Youtube Watch the from our youtube page. Ill come back to ask the questions from the field at the center of your screen in crowd cast. You can also vote on which questions our speakers answer first by clicking the air to upload it. Arrow to upload it. Well try to get to as many as possible, and 20 minutes is not a long time people, so you best get to work. Upcoming events include new yorker editor and Pulitzer Prize winner david rhodes with the true story of americas deep state, cocoproduction with our friends at pcc ors farmland trust on climate change, Clifford Thompson on race and family as well as michael shermer, frank wilderson, welcome to night vail as well as more events being released as podcasts, and many of our p
Bullishness as manifested by a huge part of the market, i call it the 11 11. 5 trillion portiono the market, which is related to the cramer covid index you cant get enough of these stocks these are the companies that do best when you stay at home whether it with General Mills, a surprise preannouncement that was extraordinary yesterday or a lot of the apple number bumps today. Even just out of the woodwork abbvie put on the recommended list why . Now you can stay at home and go get your botox there is just absolutely a level of bullishness about this stay at home, work at home market then theres the rest of the market, which is just awful. And astonishing. Well get to calhouns comments on the today show in a moment i know you have logitech on tonight. Sales up 13. Theres a lot of web cams, mice, and keyboards that are being bought right now if you want logitech. Its so interesting because soi. They have a particular mouse that is almost as good as a wired mouse. People want that becaus