Back to the office. Jonathan ferro, Lisa Abramowicz and tom keene. Justews flow this morning in this hour is extraordinary. We are going to take time with david coston on the equity markets. Just importantly, lagarde at the bottom of the hour. Ecbthan we will hear from president Christine Lagarde. The struggle continues to get a clean read on the u. S. Economy. Tom it is two worlds. Its about finance and Morgan Stanley and great. What its really about is we really lose perspective on the tangible hardship thats out there. Lisa we are going to get a sense of that with the churn in the unemployment numbers. We are expecting a decline in total filings. Are we seeing a significant number of increases in areas hit harder by the virus . Futures 22. 28. 82 the center tendency. Yesterday we spoke with Michael Holland with decades of experience. Is with Goldman Sachs. Just as importantly, what not to own. What do i not want to own right now . You want to avoid are companies that have a shorter
Today, but you are absolutely correct. We have ebbed away in the last few hours or so. The events over the weekend are absolutely extraordinary, and they are original and unique versus other times of unrest in this nation. Gatesan and the of the and the events of the weeks to come will be remarkable as well. The equity market is totally unchanged at 7 00 a. M. Eastern. As we count people down to that payrolls report this coming friday, we are approaching 20 unemployment. Tom my calculation over the weekend from research 18 s is 70 to unemployment, and the model above that other people who get 2 21 to to 22 unemployment. Americans, unemployment could be 30 . Lisa theres a tension right now between improving Economic Data and the backdrop that is really bleak of rising Unemployment Rates that have decimated certain communities. Today, are looking at ism manufacturing data at 10 00 a. M. Wall street time. People looking for any signs of improvement underneath that. Then there is the ecb c
You. Futures are up after closing at a record high. Treasuries are up despite decent data. 221 is your yield on the 10 year. Up, jobs friday in the trade balance for april. Philadelphia fed president talks on the economy. Robert kaplan takes questions and luncheon in texas. Baker hughes rig count, we are looking at oil, its getting hammered. Its going to be brutal to watch that cap. David President Trump has decided to withdraw from the paris accords. The reaction worldwide was immediate, even from prominent ceos who turned to the president s favorite means of munication. Climate changeed is real, leaving paris is not good. Bob eiger followed soon after. He resigned from the president s council. Thehead of Goldman Sachs cited to send his first tweet ever. He said its a setback for the environment and the leadership position in the world. Saidbenioff of salesforce he was deeply disappointed by the decision to withdraw. We will double our efforts to fight fight crime it change. Lets star