There are more than 3900000 global cases of coronavirus more than 272000 deaths newly released numbers show the damage that coronavirus related shutdowns are creating for global economies the u. S. Labor market reported historic lows slashing 20500000. 00 workers from nonfarm payrolls the Labor Department reported the Unemployment Rate surge of 14. 7 percent last month thats topping the post world war 2 record of 10. 8 percent but its still short of the Great Depression high which was at 24. 9 percent yet stocks are surging and seem to be ignoring those numbers well canada also lost a record breaking number of 2000000 jobs last month unemployment numbers surging to a near high of 13 percent while the worst of the pandemic seems to have passed in europe more countries continue to reopen. Their economies still the European Union is facing its worst recession ever and france adjusted the e. U. Issue bonds of at least one to 2 percent of the e. U. s g. D. P. For the next 3 years so essenti
Currently there are more than 3900000 global cases of coronavirus more than 272000 deaths newly released numbers show the damage that coronavirus related shutdowns are creating for global economies the u. S. Labor market reported historic lows slashing 20500000. 00 workers from nonfarm payrolls the Labor Department reported the Unemployment Rate surge of 14. 7 percent last month thats topping the post world war 2 record of 10. 8 percent but its still short of the Great Depression high which was at 24. 9 percent yet stocks are surging and seem to be ignoring those numbers well canada also lost a record breaking number of 2000000 jobs last month unemployment numbers surging to a near high of 13 percent while the worst of the pandemic seems to have passed in europe more countries continue to reopen their case. Animes still the European Union is facing its worst recession ever and france adjusted the e. U. Issue bonds of at least one to 2 percent of the e. U. s g. D. P. For the next 3 year
There are more than 3900000 global cases of coronavirus more than 272000 deaths newly released numbers show the damage that coronavirus related shutdowns are creating for global economies the u. S. Labor market reported historic lows slashing 20500000. 00 workers from nonfarm payrolls the Labor Department reported the Unemployment Rate surge of 14. 7 percent last month thats topping the post world war 2 record of 10. 8 percent but its still short of the Great Depression high which was at 24. 9 percent yet stocks are surging and seem to be ignoring those numbers well canada also lost a record breaking number of 2000000 jobs last month unemployment numbers surging to a near high of 13 percent while the worst of the pandemic seems to have passed in your. More countries continue to reopen their economies still the European Union is facing its worst recession ever and france suggested the e. U. Issue bonds of at least one to 2 percent of the e. U. s g. D. P. For the next 3 years so essentia
Court in germany. I really fascinating spiders web that has been woven. Here in the u. S. Come of the s p 500 up 1. 5 at 2886. A risk on tone in the market as you hear about tariff exclusions extended for up to 12 months on some chinese goods. Also oil rallying. It got up to 30 a barrel earlier. Yesterday, we spoke with one of the Texas Railroad commissioners. Wasaid that prorationing dead on arrival, but that permian producers could ration themselves. That is what we are seeing today. They have cut production today, and we are hearing that others will cut production in the next few months. We are also just getting a headline from that regulator meeting right now. Texas Oil Regulator asks producers for ways to reduce flaring. As we all know, following the story, flaring was one of the ways that Oil Producers got rid of the excess oil coming out of the ground, but it was not going anywhere. Of the regulators is asking producers for ways to reduce flaring. Crude is now trading at 23. 50
Treasury, the efforts to stimulate an economy in free fall jim, you got off a call or an interview it was a call as well with secretary mnuchin what stood out to you . That you shouldnt lay people off. I want to point out i got a correction, he said on Small Business payroll, two weeks, he meant two months two months means you do not lay people off without, i think im not saying its irresponsible but everything is being done to keep businesses open Small Businesses open. David, with the fed, i think theyve taken off to me anything involving credit the secretary talked about anything involving liquidity we cant produce demand. You keep people around for two months, but they wont be able to produce demand. There will still be a burden on Small Business not sure how that will be resolved thats an interesting point jim, we did we were watching the futures, which appeared to be limited down at different points in it the evening last night after japan opened as well then we got a fed announc