To see a two year yield come in and a 10 year bond coming in with a vengeance. Coming in is that signal slowdown, massive curve flattening. Jonathan 10year yield breaking down. We are down eight points on the s p 500. Lisa, phase one was about access to capital and drawing down credit lines. Phase two is about the permanent decisions, cuts and layoffs. That is what has been building this week. Lisa we have seen those cuts and layoffs likely to be ongoing with a number of cfos studies pointing at Bigger Companies looking to shrink their workforce further through the end of the year. The thing im watching is how much can we plug the gap, the deficit of production with regards to fiscal stimulus . As we wait for that, we will be waiting for the data coming out today. We get the u. S. June Producer Price index, measure of inflation. 1 00 p. M. , this will be interesting in light of the fact that you seek shale producers bringing rigs back online due to higher oil prices. Later today, Presi
Economically but really to the health crisis. Is norancine, there question about the extension of the virus. The cases of the virus are rolling over, but i will tell you, if you look at it graphically, it is ever so slight. The dawning awareness here in the pandemic in the last when he four hours is a primal scream for testing. In the last 24 hours is a primal scream for testing. There is a new awareness that Going Forward we need testing, and that is not so much to get people back to work but to stop the job losses. Remember, we have jobless claims this morning at 8 30. Francine what you are talking about is two different tests, right . Both i hear more and more people calling for action, testing on whether you have covid and testing on whether you had it and have developed antibodies. Thats get to first word news in new york city. Lets get to first word news in new york city with evian hurtado. Viviana President Trump will a lack will talk today about whether to relax guidelines. He
Velocity to the dollar and cash, it only have i never seen it, would say biblical times but i was not around for that. Francine i will have plenty more on that. Lets get to bloomberg first word news. Viviana we begin in china for the First Time Since january the nation reporting new cases of the coronavirus in the single digits. A month ago china reported almost 15,000 cases in one day. It is a sign of viral outbreak may be coming under control. Still the disease is spreading in the u. S. And europe. Italy has more than 15,000 cases and over 1000 deaths. The u. S. Is now up to 1500 infected. A state of emergency declared in new york city last night. To capitol hill and how House Speaker nancy pelosi saying she is near an agreement with the Trump Administration on a coronavirus bill. For paid sicking leave and more aid for those who will lose their jobs. Policy hopes to have a deal today. Investors looking to the Federal Reserve. The fed unleashing a trillion dollars but failed to help
On American History tv on c. Fan 3 we are here to review the major findings of our full investigation of fbi Domestic Intelligence including the cohen tell program and other programs aimed at domestic targets. Fbi surveillance of lawabiding citizens and groups, political abuses of fbi intelligence and several specific cases of unjustified intelligence operations. The 1975 Church Committee hearings convened to investigate the intelligence activities of the cia, fbi, irs and the nsa saturday night at 10 00 eastern the commission questioned former associate counsel and staff assistant to president Nixon Tom Charles houston on a plan he plent presented to president nixon using burglary, electronic surveillance and opening of mail. The bureau had undertaken black bag jobs over a number of years up until 1966. It had been successful and valuable, again, particularly in matters involving espionage. And that they felt this, again, w something given the climate they needed to have the authority
North koreans pick up on this middle finger mentality. They feel that chinas trying to koreart its hegemony over. Of course, it leads to meddling. So it doesnt surprise me when relations sour. Theim shocked more by people same by the fact that people seem perplexed by the souring of relations between china. Orea and as recently as the mid2000, chinas aid to north korea was was up and down. It hasnt been consistent. There have been periods of andnse, you know, mistrust souring of relations. This is something to again, Something Else to keep in the back of your mind as you are reading reports in the newspaper about the relationship with china and north korea. Decades,e past seven their relationship has i would say, you know, at one point i went through and tallied up. Out of the past 70 years, this is when relations were pretty okd versus, you know, just versus really bad. And it was, in fact i would say that the majority of the years unfortunately, i dont remember them off the top of my