Is the only institution in america chartered by congress to disseminate information about the constitution on a nonpartisan basis in order to increase awareness and understanding of the constitution among the american people. And that is what they are trying to do in collaboration with cspan as we invite you to join us in listening to these oral arguments and then convening afterwards with some of americas most thoughtful scholars who filed briefs in our taking positions on both sidesof of the case to help us unpack the arguments we just heard. For an and this has been an extraordinary morning and weve heard three cases involving the president s power to resist the subpoena in the first cases from congress in the second case from the state District Attorney. There are two great scholars and two of americas leading experts on the law of the presidency especially as it relates to the subpoena. Andrew is the professor of law at Joseph Rosenfeld is a lowball at iowa law where he focuses on
This is the one business show you cant afford to miss more in washington the race for a vaccine is on and pharmacy reflect that we bring you up to speed on the state of the search and how markets are moving on the news plus. You can tell that its a great diversion and it is the ruling i was expecting germanys top court has ruled on the boats were going to mission scandal offering consumers compensation for their purchases we bring you the latest on the ruling on the ground in berlin as tracking becomes a reality for some nations amid the pandemic travesty concerns are about could these moves set a benchmark for the rest of the globe we take a look straight ahead with a packed show today so lets dive right in. And u. S. Markets surged today on hopes of global economys reopening and more specifically news regarding a Coronavirus Vaccine and vaccine is what we want to focus on here at the top of the program u. S. Based pharmaceutical giant merck announced tuesday it will buy austrian vacc
More work from home. It is thursday, may 7. You are watching Worldwide Exchange here on cnbc good morning, good afternoon, good evening. Welcome. Im Brian Sullivan thank you for joining us on this 75th anniversary of ve day 1945, world war ii and europe ended. Looking at the market and your money. Setting up their thursday morning. We are seeing futures with potentially a rebound in gain. Getting to more on that in one second this would also regain like we said what we lost yesterday. Up nearly 3 this week alone weekly jobless claims are out. They are expected to show another 3 million americans have filed for unemployment. We are nearing 30 Million People out of work. Markets wont move on that it is widely expected. Obviously a difficult number to hear we have breaking news on United Health the health insurancer announcing it will provide 1. 5 billion premium rebates. Joining many Auto Insurance Companies Offering rebounds as people are simply not consuming their products right now we
Weekend, 25 states reopening. That is about 33 of the gdp. All of that coming up. But first, the Coronavirus Crisis wreaked havoc in april resulting in the worst jobs report since the end of world war ii. The u. S. Economy lost more than 20 million jobs in the month of april with more than 33 million filing for Unemployment Benefits over the past seven weeks. The Unemployment Rate surging to a record high of 14. 7 . Joining me right now to discuss the brutal jobs report as well as how quickly this economy can recover is mohamed alarian. Thank you so much for joining maria you know what i find odd . We have these jobs numbers on the one hand which obviously show the results of this shutdown. And its been selfimposed but, nonetheless, all these job losses. Taunt, weve got a rally in at the same time weve got a rally in markets. Whats going on with this dichotomy . Not only is a dichotomy, but its fueling a lot of political rhetoric on main street versus wall street, companies versus peop
The big boet on bitcoin thats got everyone talking. But first, we begin with a trip back to the future for the markets and this was flagged by our own dan nathan a year ago today it was trading at 2900 and basically back to that exact level and lets fire up the flex capacitor to see what life looked like and wow, the world would change this time last year the s p 500 would trade 17 times pe and the tenyear note, and unemployment j was just over 3. 5 and Flash Forward to today, it is trading 20 times, and the yield. 6 and unemployment is projected to hit 16 and gdp is negative for the first time in over a decade. The world has been turned upside down and the market doesnt steam to care. So if youre an investor, should you make like a tree and get out of there i am told thats a funny line from the movie youve never seen the movie i saw it. The movie was released in the summer of 85. I think i turned 50 that year. It dawned on me as i listened to your intro the economy is george mcfly. Th