Good afternoon, everyone. Thank you for joining us for this briefing. Mothers day is coming up. Keep those limited celebrations to 10 people or less. When youle, make sure are working, you are working in a socially distanced way. Work from home, if you can. We would ask employers, please continue to have people work at home if it is possible. That is still a good idea, to have people work from home. Please have people do that. Number three, want you to shop once a week. Dont take the family with you when you go shopping. Be efficient, go to the store, get back. Four, help kids socially distanced by keeping them at home to play, avoid group sports, and to make sure that you are avoiding the playground. There has also been some questions about Team Sport Activities. There are no organized Team Sport Activities allowed in nebraska. There has been some confusion about that. Businesses sell memberships and they bring somebody in to do coaching, thats different, but no organized team sports
Under pressure after a big rally for a couple of days. That part of the risk asset trade, falling, pressuring stocks a little bit overall. Oild boil clearly clearly is important. Talk to us about u. S. Treasuries. We are going to have to borrow an awful lot of money and its putting the treasuries under some pressure. Abigail Something Interesting is happening. The announcement came out that treasury is going to be a lot of issuance at the long end of the curve. Longer bonds are selling off. The two year bond is rallying. You have this steepening for the yield curve, which is healthy. Some saying this issuance toward the long end is to steepen the yield curve, normalize it, so to speak. This steepening yield curve could create some of the stock we are seeing for stocks the chop we are seeing for stocks. That a steepening yield curve after uninversion last year we did have a brief after an inversion last year, we did have a brief inversion. Theres more issuance at the long end of the cur
Jimmy here i come franny, dont let daddy beat you [ screams franny jimmy ill get you next time lets start the show steve tonight join jimmy and his guests Queen Latifah, Pete Davidson and judd apatow, musical guest james taylor and the legendary roots crew its the tonight show at home edition. And now heres jimmy jimmy hey, everybody welcome to tonight show at home edition. I want to thank alexpresley on tiktok for that back slide race weve been doing it and its really fun at the house. All right, lets do tonights monologue. Wind me up, barber. Its time for the monologue jimmy hey, guys. This weekend is mothers day but because of the pandemic, hooters isnt offering their annual free meal for mom im sorry, honey, kids and i are going to try to make it up to you well make your day special still, dont worry well, its our eighth week of quarantine and i heard that some people are trying to relax by turning their homes into spas. Yep, you just lie facedown, turn on some soothing music, then
So bad that were going to be debating whether were in a serious recession or depression. We have pockets, though, of strength Like Technology and health care. But those pockets cant offset a very weak backdrop, can they we saw it again today. The dow lost 218 points. The s p 500, it tumbled. 7 . But the techheavy nasdaq also had the darn gall to rally. 51 , and was up a percent most of the day. Oh, the indignity. If you make technology that helps businesses cut costs by firing people, or having them stay home, youre doing great. If you make something people literally captain live cant live without, medicine, terrific Everything Else is a drug here staggering layoffs and the big drop in the index i am worried about, or at least a lot of what im worried about which is 9 s p 500. It gets worse. If you run a business leave it to the u. S. Economy and not chinas economy, well, now your stock is getting walloped. Over and over in the earnings season we see Companies Report an incredible 2 1
Symptoms of an unidentified at the time respiratory disease and increasing numbers. We now know, that the virus has covid19 and as completely appended our way of life in the globe. This virus has infected over 3. 5 Million People around the world and killed tragically over 60000 people in the United States and that includes over 900 incredible and great coloradans, my home state. We certainly mourn those families who have lost loved ones and we will keep fighting for a path forward we get through this together. That is my command and strongest terms asur possible, our ,rontline workers weathers been First Responders, Healthcare Professionals or those who have allowed us to continue to enjoy a safe and secure food supply. The people in essential businesses each everyday dont complain but that of work to help make sure that our communities can give back to work. Enlisted heroes in our communities, those who have given so much goes on and on and on. I think it is important to recognize th