Tomorrow. We will have our fed coverage as usual. Then onto an exceptionally busy end of the week. Theres no question about it, you wonder where this stimulus debate will be in washington by the end of the week and into the sunday talk shows. Jonathan 98 days until the election, you would think washington, d. C. Would get it together. Just as the economy starts to roll over, as that recovery starts to plateau, the collective will to do a whole lot more fades. That is the story, and it is always the story you when you exit the immediate crisis, the collective will fades. Tom Lawrence Kudlow still talking about a vshaped recovery. I am looking at the 3m and 16 , 20 s, unemployment. Where is the recovery . Jonathan as of q3, theres your v. After that you rollover. That is what everyone is expecting, even with the reopening. Everyone expected that mechanical lift as you go from shut down to reopen pretty much every economist expected it to fade as we got deeper into the summer. The big con
Unemployment rate over 10 , and that is nothing like what we see this morning. The mystery of what we see with this is absolutely extraordinary. Weve got the voices lined up to talk about it. The market standpoint, economic standpoint. What is missing, maybe we will get that from mr. Kudlow later, what is the view of washington on the American Labor economy . Jonathan and will the view change with jobs numbers falling apart . I never thought i would sit here and say it could be positive one million, could be one million. Quite simply, no one knows million. Negative one quite simply, nobody knows. Tom Bernie Sanders of vermont talking about the inequalities out there. This jobs report will show the start discerns between the stark difference between the haves and havenots. Lisa that has really been the hallmark of the crisis that has ensued. Theres a question of looking at the granular month we data, and the belief that looking at some of the corporate reports and the earnings that thin
We are going to talk to the cio of capital. It with some of the atlantic you want to put your money in . We will talk about that in the United States. U. S. Labor market continues to be a big focus. The jobless rate is 10. 2 . Ofs is quite a bit shutdowns, a lot of hotspots. Jonathan ferro talked to larry his take in that. He was raising that point about the hotspots and how good he thinks this number is. Is july 20. Thesurging hotspots in south and west in other places began in the back end of june and lasted through july. There was some pullback of reopens. 1. 8 million. That was a big decline in the Unemployment Rate. This will move the Single Digits easily in the summer and fall. That is larry kudlow talking to Jonathan Ferro earlier on. Larry kudlow is trying to put a positive spin on things. This looks like a good report. Is a good report . We made progress. Thats the important thing. We didnt backslide. It was a very wide range. There has been a lot of noise coming from a variet
Busiest in surveillance is maria tadeo in brussels. She is door stopping. You have done a lot of door stopping. How do you doorstop anxious politicians in brussels . Nejra you call out their name with a big smile, you hold out your mic, and you fire your questions as quickly and ferociously as you can. We certainly have seen that this morning. There has been so much optimism priced into the Recovery Fund in terms of european equities, but also the btb bun spread. Some investors say we have been here before in terms of brussels often taking its time to come to an agreement, so you might not necessarily see a lot of pessimism and markets next week if we dont get agreement straightaway. As investors say, it will come eventually. Tom i am an amateur here. In thes that mr. Rutte netherlands is front and center. Is that how you see it . Never echo yeah, as usual, when you go into these meetings, you may get the ascents that we may not get an agreement straightaway. There is a lot of work tha
Television across this nation, around the world, particularly those of you from continental europe. Lots to do in this hour. Right now, lisa and i need a primer on how this is not another exercise in kicking the can down the road this weekend in europe. Jonathan its got to get done. We got to see some progress. Theres a pool of money. What will be grants . What will be loans . What are the Strings Attached . That is it. What do we wake up to in the business papers across the whole of europe . Isurope united europe united were divided . Its really is europe united or divided . It is really not funny anymore. Tom how do you boil this down for our american listeners . They are like, weve seen this plenty of times. Jonathan if europe doesnt get a hold of it this time, it will be another 10 years of crawling out of an economic hole in a suboptimal way. We will have crisis after crisis, political episode after political episode, and redenomination risk that dominates Global Markets. We do no