Netflix up and gains by apple and facebook getting help this morning from what we see in oil prices. Youll see wti is up almost 10 . Up about 9. 5 to 23. 34. That is a big come back for wti. Thank you, becky. Oil market market oil thats been a lot of the story want to bring you other headlines. United airlines as mentioned, planning to cut about 30 of management jobs in october according to a company memo that works out to 2,400 white collar jobs and has also warn the pilots to prepare for displacement that it will let go about 30 of its pilots. The airline has accepted aid and if they cant may pay by the end of september 30. This was always the issue, if you are going to give government money and taxpayer money to the airlines, you are going to force them to keep people on the payroll, you are eventually planning to let go of them anyway, there is something off about how this program was structured we want people to stay employed but either restructure to a bridge where they can run t
Would discuss the story about mass migration flowing from the cobra meeting today. An turkey into greece with the interesting story in the times because it talks about worst Case Scenario because it talks about worst Case Scenario and what that might be. At the moment ambition of these poor refugees trying to reach places like the uk government had put out germany. So develop and many the uk government had put out the message that they are very papers in germany are focused much on a containment footing. On this issue. There are three so it is containment and it is things here that struck me. The Economic Impact that we spoke the worst case that 80 of the about the eurozone challenges, population can be infected and 5000 people could die. We are germany, its a kind of me was quite impacted by opening the not there yet and that is the doors to syrian refugees. What four message. I get the impression that the message is going on in syria and then government wants to put out there. Social
Eamon, its jon fortt by my account its been about a week since the last gasp of real partisan that i saw when mcconnell and mccarthy were talking about the house bill calling it an ideological wish list and what not. I think the lawmakers pretty quickly started getting on the same page and getting too a different posture, but from where you sit at this point, is it clear where there might be any types of divides around what types of measures congress is willing to take . I know that payroll tax cut was on the table for a bit and then off the table, but beyond that, are there areas where democrats and republicans clearly differ at this point . You know, its unclear right now. You saw Chuck Schumer out earlier today and yesterday saying that what democrats want is a real focus on the workers, if theres going to be bailouts we want to make sure the focus here is on labor and the workers, the people who might get hurt and not just bailouts that would benefit executives. I think theres a sp
We have what we need. David it is said to be a radical change this week on the ability to test. What are we talking about and how many should we be testing in a given day or week . Max ideally thousands a day or tens of thousands a day. Given the fact that we had as many as six weeks of spread in washington and new states popping up with new cases. It is important to test as broadly as possible to catch and break the chains of transmission instead of letting them go on and on and people sitting waiting for tests. We can wrap up as much as we can, even if it means letting hospitals and labs coming up with their own tests. David . Ets go to Peggy Collins the big issue is the personal effect but also the economy. We had numbers out but a little wouldnd not as what you have thought. Peggy we are seeing manufacturing numbers coming in the most since 2009. That is the biggest things economists are looking out for. We came into 2020 with a global fragile, partly from the trade war. Now the co
Can you guess what company just passed facebook to become the second most downloaded app in the world well goat you the answer a bit later in the show. Its a busy hour were kicking it off with target missing the mark a once red hot retailer posting the worst day since november 2018 after reporting sluggish electronics sales. Target which had been a bright spot for the sector and market in general joins kohl as jcpenney five below and l brands failing to meet holiday expectations. The xrt, the etf tracking the group, down more than 1 to kick off the year. Guy. Yes, zwlier do you think there are cracks in the consumer showing . I dont think its an indictment of the consumer at all. I think in this case one off misses we have have a consumer conversation but i dont think its about target the stock went from 80 to 130 in a Straight Line and finally valuation catching up to walmart compsy disappointing you cant say they were not. They reiterated Fourth Quarter guidance and margins down. Sto