Currently there are more than 2600000 a confirmed cases of the coronavirus globally the death toll stands at more than 187000 it continues to ravage global economies numbers are in for u. S. Unemployment from last week where another 4400000 people filed jobless claims bringing the staggering figures to more than 26000000 in the last 5 Weeks White House economic adviser Stephen Moore spoke to larry king on the politicking earlier and said that it might get worse before it gets better. The summer is going to be a disaster i mean i hate to tell people this but were going to see 20 percent Unemployment Rate in this country and its going to last several months and thats not something i ever thought i would see in my lifetime so its going to take a while for these businesses to get up and running again and so im by the way are never coming back thats one of the reasons ive been so strong such a strong effort for getting the economy open because every day you keep it closed more and more of t
In the world corrupted you need to descend. To join us in the depths. Or a maybe in the shallows. This is boom bust the one business show you cant afford to mess up their mom to stay over in washington coming up jobless claims continue the surge reaching about 26000000 since the pandemic began and now europe is bracing for some similar problems and Congress Wants to replenish the supply of money available to Small Businesses but once again the fund may have already tried it up we have a talk show for you today for less so and ive read it. Currently there are more than 2600000 a confirmed cases of the coronavirus global. The death toll stands at more than 187000 it continues to ravage global economys numbers are in for u. S. Unemployment from last week where another 4400000 people filed jobless claims bringing the staggering figures to more than 26000000 in the last 5 weeks the white house economic adviser Stephen Moore spoke to larry king on politicking earlier and said that it might g
Is a warning to the entire industry. More planes into a collapsed market. Shery lets get started with a quick check of how markets ended in the u. S. U. S. Futures right now seeing some downside, down 2 10 of 1 at the moment. This after u. S. Stocks closed at a six week high. We have financials leading the gains. Surprisingly good earnings reports coming from Deutsche Bank which is helping sentiment. We have more positive sentiment and perhaps some expectation there could be more stimulus aasures given that we have trio of Major Central Bank decisions this week. 25 s p 500 up more than from its march lows. When it comes to the nasdaq, also gaining ground, about more than 1 for the regular session. Take a look at what oil is doing because we are seeing some upside for wti which is gaining about 1 . Backafter oil plunged below 12 a barrel. We are now seeing it just nearing 32 a barrel. We did get u. S. Drilling cuts but at the same time come we have the biggest oil etf in the u. S. , say
370 but did end the day lower. It was the first down day we have seen in five trading sessions well watch what happens today we have a fed meeting coming up. That will be the pla is to watch as we hear from the fomc later today. The 10year just below. 6 a month. This has been the best month for the dow in 18 years because we are coming off of march because that was the worst year for the dow in 22 years. You see these huge swings first down and then up what we are watching in the equity markets the one thing about 10 crude, every dollar it goes up, we could go back to 30 every day. Lets use the dollar every day that might not happen. Equities do seem to do better. Thats a lot of room to go. Maybe. But sooner or later, thats not good either. The move came after data from the American Petroleum institute. Showing that crude jumped. That was 600,000 barrels less than expected. We saw some wild swings yesterday all around these low levels 10, 11 14 today, as you can see market stocks gave
Currently there are more than 2600000 a confirmed cases of the coronavirus globally the death toll stands at more than 187000 it continues to ravage global economies numbers are in for u. S. Unemployment from last week where another 4400000 people filed jobless claims bringing the staggering figures to more than 26000000 in the last 5 weeks the white house economic adviser Stephen Moore spoke to larry king on politicking earlier and said that it might get worse before it gets better. The summer is going to be a disaster i mean i hate to tell people this but were going to see 20 percent Unemployment Rate in this country and its going to last several months and thats not something i ever thought i would see in my lifetime so its going to take a while for these businesses to get up and running again and so im by the way are never coming back thats one of the reasons ive been so strong such a strong effort for getting the economy open because every day you keep it closed more and more of t