Today about a labor picture. And the shift from a pandemic and furloughed over to a real question about job layoffs. Francine yeah. I think this is the time. In the u. K. , we had the many budget yesterday that gives a little more support to workers. If you look at most of the furlough schemes in the u. K. And what is happening in the u. S. , you can assume some of the money would run out by the end of the summer. This is the exact time to look at the permanent shift to the labor economy and what did come in two to three years. Tom we have a terrific our for you. We will talk to our guest about mr. Buffett, mergers, and acquisitions. We acquired the first word news in new york city. Ritika joe biden will call for a moderate approach toward reviving the u. S. Economy today. In his speech in pennsylvania, the democratic nominee will stay away from more ambitious proposals pushed by progressives. He plans covers several areas including a push to buy american and incentivize american jobs.
The nasdaq by 173. There are reports of a new vaccine in the works word of anything setting back the virus is great news. Over the long weekend, people were out summer is around the corner. People are starting to feel that and that is showing up in the market again some big gains the last week of may treasury gains pushing up. 10year up 0. 7 . Right now sitting at 0. 695 . The big news is whats coming from that Biotech Company weve been talking more about. Absolutely. Hope everybody had a great weekend. U. S. Biotech company novavax said it started the first human study. The initial results they are saying in july the marylandbased firm saying upon completion of phase one, phase two will be conducted in several countries include ug the United States. That stock up more than 20 premarket but really giving rise to markets across the board as well as to what becky was saying all of the folk fols out and ab this weekend giving some optimism at least for a period well see. Maybe there is so
No question about it. I was on the Police Scanner last night, and just absolutely extraordinary to see the police of new york monitor the peaceful to wheres people moved they were going not at the exact moment of curfew, but an hour or two later. Absolutely, the media has it right this morning, it was a relative calm. Compared relative calm to the chaos of the last several nights before. And i think to sharpen the focus, the labor market data that comes today and continues into friday. Have adp today, then claims tomorrow. People modeling under 2 million claims, which would be constructive to that really ugly may report. It is a lagging indicator. Theres nothing lacking about the hardship that all americans are facing. Everyone, even if they are employed, i really want to emphasize this, you are touched by this depression unemployment. Jonathan weve said it repeatedly on this program, that those words we hear every week about things getting better, a little comfort getting comfortof li
Evidence. Announcer this is new day, with Alisyn Camerota and john berman. We want to welcome our viewers in the United States and all around the world. This is new day. A battle for the soul of the Republican Party is playing out on capitol hill this morning. Last night, Senate Minority leader Mitch Mcconnell condemned congresswoman Marjorie Taylor greenes lies and Conspiracy Theories as, quote, a cancer on the Republican Party, though he never actually used her name. Mcconnell said he had enough of what he calls looney lies. So, what will leader Kevin Mccarthy do now . Meanwhile, on monday we saw this a cordial bipartisan meeting at the white house. Dont adjust your sets. This really happened. President biden and a group of ten republican senators compared their plans for economic relief. Huge gaps remain between mr. Bidens 1. 9 trillion package and the republicans 600 billion counteroffer. We have new details about what happens next in those negotiations even as democrats prepare to
Other countries in their support russia just patches doctors and medical equipment to help the country hardest hit in the outbreak. Plus coronavirus fears threaten this summers Tokyo Olympics japanese Prime Minister shinzo place is postponing the inevitable. Thanks for joining me german chancellor im going to marco has gone into home quarantine after a doctor who treated her was diagnosed read the coronavirus on friday medical who is 65 received a vaccine against a different virus from the doctor who tested positive for 19 muckle spokesperson says shell now undergo daily testing her last act before going into quarantine was to announce new restrictions on peoples freedom of movement and social interaction. And get america about to announce the most severe infringement on individual freedoms seen in germany since world war 2 the corona virus continues to spread rapidly convincing the chancellor that further containment measures are needed so far it have largely been left to states and m