Welcome back to The Weekend. We are just 45 days away from the Election Date and Vice President harris has gone on offense on reproductive freedom to during an event in Georgia Harris Focus on reallife dangers of restricting abortion access. This is a Healthcare Crisis in Donald Trump is the architect. He brags about overturning Roe V wade. In his own words quote, i did it and i am proud to have done it. He is proud. This crisis made possible by a Trump Staff Supreme Court. This Movember Voters will weigh in for the first president ial election since two years ago. Joining us now is our professional institutional law from georgetown. Also with us msnbc legal analyst, fresh off her sold out show at the 92 y with her Friend And Sisterin law podcast. Welcome to you both. Welcome, ladies. Michelle, i want to start with you and help us set some kind of text on how this debate, we all know since the dog decision, how politically things have changed. Given the more recent and doubling and tri
Not a surprise if you look to see whats happening with the shutdown of the economy, the forced shutdown because of coronavirus. Taking a look at the tenyear this morning, it looks like that is yielding about 0. 735 at least on the last time i looked at the boards it was. And then wti is the other big story today. Joe also mentioned opec plus deal it was an historic one opec and other nations agreeing to cut Global Oil Production by onetenth. Well talk about this in a few minutes. Wti is up by 1. 5 to 23. 11 a barrel. We have a huge lineup of squawk newsmakers including Mohamed El Erian, Richard Preston and dr. Scott gottlieb starting in a few minutes. Andrew thanks, becky hope everybody had a great weekend. Lets bring everybody an update on the pandemic. Of course, the number of confirmed cases in the United States now more than 557,000 and the death toll is more than 22,000 there are 190,000 cases in new york state with more than 9300 deaths that means new york alone has reported more
Wrote about the 1930s. He called them the turbulent years. The years of militancy and organizing we saw. These years were equally important to shaping 20th century working america, but in a different way. They were not years of upheaval, organization, and progress, so much as a big turnabout. A way in which the working american class took a turn to a different stage in its existence. We could say that from the 1930s to the 1970s was an experience of unbroken promise and expanding rights for workers. In the years between 1968 and 1988, a lot of that turned around. So, turnabout years. I want to start with three stories that help locate what is going on in this period, and talk about whats going on with the economy. Talking about publicsector workers in the period, what they faced, and then conclude with some barometers of whats happening to workingclass america by the end of this period. To begin, let me start with three stories. I am going to locate these in 1977. Roughly about halfway
Closely. The treasury yields are probably the more important story were watching this morning. Lets take a look at that. Youll see the tenyear is yielding 1. 067 . Mike santoli point the twoyear at 0. 73 right now. Its been cut in half since valentines day. I think a lot of the push and pull of futures from when they opened last evening, are we going to get a surprise rate cut . Weve had Central Banks around the world comment on that. Its been stunning considering bond yields were already very, very compressed coming into this weekend and now weve just stretched the new lows. At one point 0. 69 , that still stuns me for the tenyear. Weve been continuing to watch these numbers drop rapidly this is the story people will watch closely. We should point out, stocks in shanghai surged overnight on speculation that authorities will stimulate the economy soon. As mike mentioned, theres talk of potential coordinated central bank move. Thats something our guest host talked about on friday, an op
Record high in history. The dow, nasdaq and s p having worst week since october of 2008 at the height of the financial crisis. Checking on Global Market action, pmi out earlier, below 50, but that was up from 47. 9 in last month and we have losses across the board. The biggest loser there is the ftse 100 in england, down 2. 6 . Checking asian markets overnight, chinas manufacturing getting slammed by the coronavirus. Private measuring of Manufacturing Activity released monday record low for february. 40. 3 reading in february. The lowers since the survey started in april 2004. Nevertheless asian markets are close but agreeing across the board. Hong kong retail sales fell 21. 4 year over year, 12month of declines. Could led to worse number for february. Market rebound in asia. All eyes on the coronavirus. Two deaths now reported in the United States due to that virus. Cheryl casone has the details, cheryl. Cheryl thats right, dagen, Washington State has confirmed the second coronavirus