It came down, 13. 3 . The government says the resumption of Economic Activity at the end of may led to an increase, repeat, an increase of 2. 5 million new jobs. It was supposed to be a loss of eight million. Clearly a lot of people were recalled to work and went back to work. Now, to say this is a surprise is the understatement of the century. I will say this. The recovery is obviousily a lo stronger and faster than anyone thought. Back to the numbers. Dow industrials going to be up over 600 points, about 2. 5 . The s p will be up 1. 6 , 50 points to the upside. Even the nasdaq has dragged out a small gain now. A little pressure on the techs earlier but they turned around. Lot of green on the nasdaq. Its up 29 points. At the opening bell today, the dow will be roughly 8,000 points above where it was on march 23rd. Its the most explosive rally in history. And just tweet, this is a tweet just in from the president , he says he will hold a News Conference at 10 00 eastern of course on th
To the president s allies, with former Vice President joe biden, by being able to say they were pushing for a recovery, pushing for a reopening, when democrats and democratic lawmakers were not. Obviously, there are a host of different tangibles that are still in the mix here. But after a very tense and volatile week inside the nations capital, some good news for President Trump and his economic team. Jonathan kevin, looking forward to that address in washington, d. C. , just around the corner. From new york city, that does it for me. I will be catching up with larry kudlow a little bit later and programming. Equities up two percentage points. This was the countdown to the open. We are just over 30 minutes into the u. S. Trading day. Im guy johnson in london with alix steel over in new york. Number really blowing past all expectations. The market was expecting a vshaped recovery. Was it just what it got given . Was that the vshaped recovery . Abigail and the question is, where markets
Theyll start starting now to get open i hope. And i hope they also use our National Guard call me will be ready for them so fast their heads will spin we did it in minnesota in minneapolis who were incredible that they were ripping that place apart i love the i would love it we had such success there and they were ripping it apart and i called the governor and the National Guard when then and one night it was over you dont see the problem in minnesota now at all not even a little bit you take a look at a great city it just a great great city minneapolis and it was. It was under siege like nobodys ever seen where people are running from a Police Department the great police and they were told to they didnt want to run they were told to its bad bad governing and im not blaming the governor im blaming the mare but we want to get all of this finished this is a great tribute what were now seeing today is a tremendous tribute to equality would bring in our jobs back you know when we had our t
The greatest in the history of the world. That strength lets us get through this pandemic, largely through command we are doing well. I had a meeting yesterday on vaccines. We are doing incredibly well with that. I think youll have positive surprises. With therapeutics, we are doing extremely well. And i think those words really blend in with each other. But tremendous progress is being made on vaccines. We have ready to go in terms of transportation and logistics. We have over 2 million ready to go, if it checks out for safety. And the nice part is we have four companies, you could say seven or eight companies, doing similar, some very different on the vaccine front, some similar and somewhat different on the therapeutic front. Some from it is progress being made. Even without that, and i do not think you will have to use that in the future, that statement, even without because i think they will have it, but we are going to be back and we are opening our country. And i hope that the g
Of the coronavirus, the slow sometimes bumpy reopenings across the country, to say nothing of the protest and a lot of people on wall street say hey you arent jiving with whats happening on main street and then low and behold we get this stunning jobs report that changes the equation and has people thinking that you know what . Maybe the markets have been right all along as they again tease record territory, virtual ly all of the s p 500 sectors are advancing right now, and the rate on a long bond here a 10 year note as is better known, man oh, man thats practically hyper inflation. Were just around 1 ,. 93 who would have thought a year ago if i were to give you a quote like that that id say it is rocket ing backwards, but it is, especially from where we were, not too many weeks ago remember we were darn near 0 they were talking about negative rates. Were not out of that mathematical woods here but it does change the overall sense of where were going with this market. Jackie deangelis