To back the bell and set to publish their own support program. Force johnson orders the u. K. Into a three weeks lockdown, sweeping new laws to breakup gatherings and fine any dissenters. Taylor meantime, i want to bring you some breaking news coming out of china. Their companies are having the worst quarter on record, according to china. The headline as it catches my eye, the economy has not gotten better as much as we thought they would be returning to work. It looks for the first three months of this year, a Quarterly Survey of all the firms, it looks like every individual sector was reporting worse results than originally thought. Saleswas a widespread in amid the harder hit retail sectors. The collapse in revenue and profit. Again, Economic Activity collapsed in february. This is as we knew that there was the massive virus spread that was going on. I think the key headline is Chinese Companies continuing to have the worst quarter on record. Every individual sector reporting worst
Response efforts have not instilled much confidence either. Testing kits were notg probaby sent to the hospitals, and medical labs around the country, political personnel has overruled the recommendations for the cdc. In the administration was slow to appoint any single official for the Public Health expertise to coordinated our governments response. Even now, President Trump seems to be spending one of us time blaming commedia and blaming the democrats and being constructi constructive. Infective blades everyone. He is downplaying, the virus to a dangerous degree. His chief of staff amazingly said to americans, turn off your televisions. They know the history of how these viruses spread and work. Winnie to deny them, you dont let people know what is happening and what to do about it. Things getd worse. And if the president , being self centered as is only cares about himself and his image any tribes uas usual instead of solving te problem, blame somebody else. The deflection and finge
Thank you. What a nice group. Thank you marianne. I thank you like her i said he was out there they like so much . It is marianne. Before i begin i want to send my warm wishes to the great people of tennessee in the wake of the horrible very vicious tornado that killed at least 19 people and injured many more. We are working with the leaders and tennessee including the governor to make sure everything is done part one properly. Fema is already on the ground full of sorrow the vicious tornadoes i have seen many of them during the threeyear period and their results and they are vicious. Bad things happen. I went to alabama and i saw the devastation that left and everybody was so incredible , the people were incredible but so many are killed and many will be going to tennessee on friday. We send our love and prayers of our nation to every family affected. We will get there and recover and rebuild and help them and condolences. A tough tough situation its bad news when you see that. I am h
Road map begins with records, records and more records the dow within striking distance of 29k for the first time. Plus hiring did cool in december but unemployment is at a 50year low and job gains extended for a record ten straight years, so whats it going to mean for the growth in 2020 plus these damning documents newly revealed boeing messages reveal efforts to manipulate 737 max regulators todays december payrolls number means 2. 1 million jobs were added last year, a slowdown from about 2. 7 million in 2018, coming in at 2. 9 year on year threemonth average, jim, 184 now and we got some milder visions down to october and november one of the things thats missing that makes this difficult for me is boeing boeing is such a big part of the gdp and i dont know which part, manufacturing little changed in december, how much that is boeing because everything has to be asterisked i think thats how big boeing is for the economy. It doesnt reflect this. I mean, youve got the wrong areas gett
Were on strike. They were counted out of work. Temporary census workers were laid off. Going to underlying strength ever economy. Look at net revisions for august and september, number of jobs was revised up by 95,000 jobs. You look at wage growth at 3 over the past 12 months. Low enough where the Federal Reserve is not seeing inflation pressures. White house Economic Advisors taking a victory lap on the report playing a little politics. White house Economic Advisor larry kudlow starting to talk about tax cuts 2. 0 to be proposed next year. The president would love to see another round of lower taxes to help middle income workers and wage earners give them as much, disposable income as possible. We are talking, again, informally at this moment. Reporter but nothing formal at this point. Ism manufacturing number. It came in at 48. 3. Anything under 50 is contraction. This may have also been impacted by the gm strike as the bureau of labor statistics wrote in the report, quote, within ma