Youth is faced with seemingly obvious amounts of challenges Climate Change financial problems and now covert 19 honestly i dont envy young people these days the world has become so complicated almost hostile in this environment does todays use have a future and whats it going to look like after the pandemic generation lockdown our topic today on may to welcome now each generation has its challenges mine was faced with a cold war on the possibility of being wiped out in a nuclear war this doomsday scenario made planning for the future pointless instead we strove for selffulfillment after all who knows how much time we really have its actually not that dissimilar to todays millennialists but since the coronavirus pandemic hit they have gone from worrying about self realisation and Work Life Balance to truly existential fee is my colleague motto of a con man explains. Should i go into university 1st of all to australia chase my dreams for the money i want all of this selffulfillment and a
On. The s p 500 is still down. 9 . The nasdaq has crawled back to unchanged. The Dow Jones Industrial average, the worst performing index today, 1. 4 down. Click to move in treasuries. 63 basis points on the 10 year. A risk off move today for whatever reason. Of the headlines today is wells fargo, planning to cut thousands of jobs this year. The move may set a precedent for the Banking Industry that has been resisting layoffs. Joining us now is hanna. How many layoffs do we see from the likes of wells fargo every year . Hanna thank you for having me. Wells fargos headcount has stayed steady over the past decade, even as peers have trimmed down. Around america was 300,000 people in 2010, now around 200,000. Wells fargo is steady at about 260,000. People are expensive. Wells fargos expenses has been an issue for a long time. Vonnie primarily where well those cuts come from . Hannah there have not been any plans finalized yet, but the cuts will be broadbased. They are looking at cuts that
Welcome to to the point im peter craven and my guests are. Who is a freelance journalist from lebannon who believes that the coronavirus is hitting the poorest areas the hardest and giving some governments an excuse to restrict Political Freedoms also with us is dont chevelle is own chip on the chin below hes an editor with d. W. Business here in berlin and he says the e. U. Suit rescue package could de rail european efforts to reset their partnership with africa and a woman computer Andrew Gilmore executive director of the berlin based conflict president privet Prevention Organization of the backhoe foundation he argues that disease and conflict feed off each other so it is. I thought that countries in the west however cash strapped they might be dont cut back on Development Aid and peace assistance. Thank you all 3 for being here today lets begin with you ponder this is clearly a Global Crisis and we tend to say that it impacts everybody but it doesnt impact everybody in the same way
These are numbers and as i said you are going to have a fantastic 3rd quarter it will be the 3rd quarter the likes of which nobody has ever seen before in my opinion. And the good thing is the numbers will be coming out just prior to the election so people will be able to see those numbers the 4th quarter like was will be extremely good and maybe most importantly from the standpoint of our country itself next year will be a historic year next year is going to be an incredible year for jobs for companies for growth things are happening like nobody would have thought possible while Many Companies began rehiring in may and june a recent surge in corona virus cases is forcing some states to haul or even reverse plans for reopening now keep in mind there are still 17000000 americans who have lost their jobs and have not yet been rehired well this comes as congress is working on another possible round of stimulus republicans seem to reject the democrats push for 2000. 00. Her personal month
Any time. Members are reminded to keep their video function on at all times. Members are reminded that theyre responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying the resolution, staff will mute members when not recognized to avoid inadvertent background noise. All house rules relating to order and decorum apply to this remote hearing. [ inaudible ] economy and i know recognize myself for four minutes to give an opening statement. Chair powell, the law that required the Federal Reserve chair to testify before congress twice each year was established back in 1978. However, no fed chair has ever testified before this committee with the economy in the condition that it is in today. More than 116,000 americans are dead from the coronavirus. And just last week, 21 states recorded an increase in their average daily new cases compared to the prior week. The april jobs report was the worst in Americ