A virus lockdown winner has emerged. Its walmart. They have had the advantage of remaining open and they finetuned their delivery and pickup services. They have done very well. Look at this. Same store sales, up 10 . Huge. Sams club sales up 12 , even bigger. Ecommerce, now, this is a big one, up 74 , online sales. That is remarkable. The stock, we are quoting premarket now, the stock is up nearly five bucks, 3. 8 . Okay. This is going to be a live action day. Two top money guys head to capitol hill. Speaker mnuchin, jay powell, they will be discussing what they think still needs to be done for the economy. You want my opinion, please give us Liability Protection. The president addresses the nations farmers. What do they need and whats with the Food Supply Chain. We will carry his speech live. Thats in our 11 00 hour this morning. Then theres the market. After yesterdays 900point gain. That rally followed encouraging news on a vaccine from moderna and the rapid reopening of the economy
He spoke at an event hosted by the Bipartisan Policy Center. Hello, everybody i hope you can hear me. My name is dan glickman. Michael moderator and former secretary my coat moderator and former secretary. We welcome you to this Bipartisan Policy Center food summit. We want to thank you all for being here. We want to thank our guests and secretary perdue who we will introduce in a minute. This has become one of the most talked about issues of the whole covid19 issues. Have to relate to the food supply from production to the processing to the distributing to the conception and how it affects farmers, how it affects processors and how it affects the average persons and the hungry. We are delighted to be here. We cannot delve into every issue because of the time but it is a way to start the discussion. We think you will have an interesting time listening to this very important issue about feeding this country. I would like to welcome everybody and thank you policy center for hosting this
Hello everybody and i hope you can hear me. Sonnon the secretary of agricule along with my co moderator and and rated and you are here today to welcome you to this Bipartisan Policy Center food summit. We want to thank you all for being here. We want to thank our guests and especially secretary sonny perdue who we will introduce in a minute. This is become one of the most talked about issues of the whole covid19 issue. It has to relate to the food supply. From the production to the processing to the distributing to the consumption. And how it affects farmers, how it affects processors and how it affects the average person and particularly the hungry. So we are delighted to be here. We can dove into every issue in great depth because of the time. But its a way to start the discussion and we think we will have an interesting time listening to this very important issue about feeding this country. So i would like to again welcome everybody and thank the Bipartisan Policy Center for their h
Pres. Trump p nice to see you. Nice to see you. Thank you very much. Everytything good . Farmers doing good . Thank you, President Trump. Think you very much, all. We are here to announce dramatic action to support our nations open. S as we it is happening fast and with better numbers than anyone would have thought. I want to express our gratitude to the producers across the country who have kept our nation fed and nourish as we have battled the invisible enemy. It is an invisible enemy. It is tough, but we are going to win and we are going to win very big. We can never forget all the people who have been left behind that have died, for some reason that should have never happened. Should have never happened. You know that, i know that. And the e people that caused the problem, they know that too. Thats too bad. You remind us that the American Farmers, the backbone of our country, they are really a great friend of mine and i appreciate all the support and i know they appreciate our supp
Retail sales were down over 13 16. 4 is the most on record. Of the 13 categories, only one was up, internet shopping. What we bought we did buy online. Even Grocery Store sales down 12 on the month. I guess we are still eating the macaroni and cheese we bought in march. The control group, leave out food, cars, gasoline, building materials. That was down and that is also a record. That is the part that goes into gdp and in this case does not go into gdp. Not the only data out. Industrial production down 11 . Manufacturing production down 13. 7 . That was the worst number in the history of the index going back to 1919. Two bits of good news. Empire manufacturing improved. 78. 2. 48. 5 from the Michigan Sentiment number. From 71. 8. To 73. 7 the Current Conditions index rises. Everybody scratches their head, but the folks at the university of michigan say it is because during the month people started getting the checks, the 1200 checks and that made them feel little bit better about thems