Liz i do think spreads are important to watch. We always know theres a tight connection between the credit markets and the equity market. Especially high yield vs. Equity and i agree that when spreads got as compressed as they did, there was probably not sufficient compensation for those hotelers for the likely risk. Were seeing in it bankruptcies, which have spiked back up. They had a spike in may, leveled off and theyre picking back up back to 2009 levels and i do any what happens with spreads and more broadly in the credit markets, as it did in the march time frame will inform what happens in the equity market. Equity investors need to have a particularly close eye on the credit markets right now. Were seeing about a 50 uptick in terms of your average trading for the nasdaq. And what are you expecting for next week . As renee was telling us earlier, were heading towards a shortened week. Early data on the labor market only thursday because of the ourth of july holiday weekend. Lils
Apple have shut a number of Stores Across the country. Microsoft shutting all of its Retail Stores today. Joining us break it down is Abigail Doolittle who has been following all of the action by a rough day for stocks. This virus is really starting to weigh on investors. What do you see . Abigail stocks are lower in the selling pressure never relented. We have stocks responding to data as it comes out with the big drop on the data from the u. S. The nasdaq and s p down. Confirming the risk off, the fact that haven bonds rallied once again. We will bring welcome to the picture. Investors want out of risk. This week, they are not tiptoeing, they are running out of these risk assets on fears , perhapsaps the virus this is the first wave. That it could hurt the u. S. Economy. Emily you have been talking about havens rising as stocks have been down. What would you point out . Abigail it feels as though this week is new in terms of this risk off. And wednesday, we had a big down day and a b
A hoax. Small town spirit. How the pandemic is hitting main streets across the country both economically and emotionally. Plus, the good news about their chances of recovery. And fighting online hate. Big Companies Like starbucks used their financial power to try to erase hate from social media. But first, heres todays eye opener, your world in 90 seconds. Covid19 has taken a very swift and very dangerous turn in texas over just the past few weeks. At least a dozen states say theyll not move to the next phase of reopening because of surges in cases. We knew that there would be more cases as people go about their business. Wash your hands. Avoid touching your face and wear a mask. Despite the advice from Public Health experts, President Trump continues to be seen without a mask while in public. Donald trump is for masking up like George Wallace was for integration. The white house says President Trump did not hear part of a video he retweeted in which one of his supporters yelled white
This is three and a half hours. Good morning, the committee will come to order. And without objection, the chair is authorized to declare a recess of the committee at any time. With that, ill now recognize myself to give an opening statement. Two days ago, the entire world came together to Mark International holocaust Remembrance Day. In addition, 75 years ago this week, in january of 1945, the auschwitz berknau concentration camp was liberated from the nazis. It was one of the most infamous sites of the nazi genocide. More than a Million People were murdered there. The purpose of todays hearing is to commemorate these grave anniversaries to remember those we lost, and to honor those who are still with us. But it is not enough to simply recognize these dates. We must also contemplate what led to these atrocities. We must remember the holocaust in order to help combat bigotry, hate, and violence of all kinds today. I am so pleased to have our distinguished panel here today, i have asked
And somebody who claims to be proisrael and gave the invocation at that ceremony. So, do you see it is possible to be superficially proisrael while creating to the environment thats making things less safe for jews in america. Theres an expression in english called due diligence. And hopefully when you organize ceremonies of such importance for the United States government or for any western any power in the world, you have to check whos coming. And obviously these are detestable positions. But i wanted to ask Something Else because im getting a sense here, and i really dont want to jump into the american domestic scene. But it seems like everything is coming from the right. And my understanding of the rebirth of antisemitism, its both right wing and left wing. Its both. And you cant just lean over and say its one and ignore the other. So, hopefully when we decide what are the sources of antisemitism that are confronting us worldwide, we look at both sources and we fight against them.