And irelands Pascal Donahoe is chosen at the next eurogroup president. He says the focus is to bring back jobs. I will play my part in working with all members of the eu eurogroup to make sure this group makes the contributions. The challenges are great but we will prevail and will overcome we kick off the show this morning with a major oil report crossing the latest is that the organization has bumped up its 2020 Oil Demand Forecast today but it has warned that the spread of covid19 has posed a risk to the outlook. Steves been pouring through this document and has all the analysis ill be honest, not every page i think its 81 pages i have from our friends at the iea. Its pretty much what the doctor told us oh, gosh, we interviewed him on stn a few weeks ago. The situation at the moment is its halftime in the year, of course theyre hoping for better out of the second half of the year. The commentary is casting a shadow and quite interesting. Saying, look we think things are going to reb
Resee recovery in retail sales dow down 271 session lows 59 minutes left of trade the nasdaq has been the underperformer is actually off its lows were kind of moving around, as we speak, in the final hour. All the major indexes are lows ahead on todays show, well speak to mike sievert. Well get an upgraciointergrac sprint and the president of the university of arizona will outline his plan for the fall semester as cases and hospitalizations rise in that state. Well focus on the big stories were watching at this hour Steve Liesman with details on todays jobless claims will is digging into Big Bank Earnings and meg has details on johnson and johnsons results. But, steve, start us off with the jobs picture. You know, were getting two different stories from the jobless claims one of improvement and one where the improvement has kind of flat lined. Well take a look at the numbers. Claiming coming in at 1. 3 million. Above expectations dow just 10,000 on the weekly jobless claims thats kind
Life for on demand on your time. This is csi of online. Were going to go ahead and get started now. Folks are still running. That is fine. We want to get started because we have a fantastic program for you and not a lot of time. This hour is going to fly by read, who, is really a fantastic read. This is a Glass Half Full story of chinas economy and management of the Financial System and its offered at a time when u. S. China relations are declining and attacks from all different corners in the United States of chinas system are growing. And theres this argument that chinas economy, how it manage that economy is incompatable with the International System and as a result the u. S. And others need to reduce their exposure to chinas unique risks. The book tries to answer the question, how did china manage to do it . How did they manage to continue to grow without a major financial crisis . And can they keep it up . Im going to turn the floor over to tom in just a minute. So introduce his b
And security patrols in the philippines as the country rolls out tough measures to enforce coronavirus restrictions. The United States is struggling to contain a rising wave of coronavirus with cases of infections and deaths soaring more than 77000 infections were reported in the latest daily tally another bleak record high when resources in many areas are stretched to the limit and hospitals are in danger of being overrun with patients debate is raging of the mass and whether they should be made compulsory us President Donald Trump has weighed in on the issue ruling out making them compulsory at a national level. Would you consider what you consider a National Mandate that people need to wear a mask i want people to have a certain freedom and i dont believe in that no and i dont agree with the statement that if everybody were a mask everything it just appears a doctor felt she said dont wear a mask or Surgeon General terrific guy said dont wear a mask everybody was saying dont worry m
A further crackdown against civil rights in the philippines as a new anti terror comes into effect. Welcome to the program the United States is struggling to contain a rising wave of coronavirus with cases of infections and deaths soaring more than 77000. 00 infections were reported in the latest daily tally another bleak record high resources in many areas are stretched to the limit and hospitals are in danger of being overrun with patients where debate is raging of a mosque where they should be made mandatory u. S. President donald trump has weighed in on the issue ruling out making them compulsory at a national level. Would you consider what you consider a National Mandate that people need to wear a mask i want people to have a certain freedom and i dont believe in that no and i dont agree with the statement that if everybody were a mask everything it just appears a doctor felt she said dont wear a mask or Surgeon General terrific guy said dont wear a mask everybody was saying dont