Explained to us what is going on here. Guest they certainly were surprising numbers. Economists said it was the most surprising report of his lifetime. At the wall street journal we surveyed economists. They expected 8 million jobs to be lost. Gaining 2. 5 million is a dramatic swing. I think that tells us the worst fears about the economic shock and the labor market shock induced by the pandemic were not realized. Some lower number of jobs had been lost i think americans are getting back to work, perhaps in larger numbers than we expected. But i also do just want to say it says where we are, which is still the second highest Unemployment Rate recorded since world war ii, and 20 million americans are unemployed. So, a very strong month, but still a very unstable labor market overall. Host do we see job gains in any particular sector . Was there an area responsible for these gains, or was this an overall rise across all sectors . Guest no, it was a little bit disparate. Half of that gai
Chaplain conroy let us pray. God of the universe, thank you for giving us another day. Throughout the country people mourn those whom they have lost. People lament the loss of businesses of normalcy. 100,000 have now died of covid19. They were democrats and republicans, they lived in urban areas and now more and more in rural areas. They were the desendents of men and women who were colonists or founding fathers, and immigrants who had recently become citizens. They were disproportionately people of color, but not only of color, and of every religion and culture in this nation. , when o lord, will we come to understand that we are all in this together . If we do not stand together we risk falling together. Heal the divisions within our body politic, within this chamber so that your healing power through our actions and good will can be manifest in our United States. May everything done this day and in the days and weeks to come be for your greater honor and glory, amen. The speaker pro
Lemonis if you dont like money, dont follow my process. Lemonis i make the tough decisions. Lemonis were closing the store. Were done. Im not talking about it anymore. Lemonis i back them up, spending my own money. Its not always pretty. Man perfect flavor. Lemonis . But this is business. Lemonis you got to trust the process. Lemonis i do it to save jobs, and i do it to make money. Lemonis thanks for your business. Lemonis this is the profit. Queens, new york, is a dense and diverse world of cultures and businesses. And its home to artistic stitch, an embroidery and silkscreening business run by sal loretta and nick meola. The Company Started 18 years ago in sals garage. Sal where we at with this job . Fabio itll be done today. Lemonis today, its become a 2millionayear business, the bulk of that revenue coming from uniforms, hats, and custom shirts. Fabio hey, thats one down. Here we go. Here we go. Lemonis two years ago, sal and nick decided to move their business into a 28,000squaref
After months of no magic, Shanghai Disney throws open its doors today. We will assess theme parks in the coronavirus era. Mixed we are looking at a , possibly positive start for asia. Lets go over to sophie looking at the markets. Sophie asian stocks setting up for a week delivering more Corporate Updates with about 500 companies on the msci aipac to respond this week. And the impact of lockdowns certainly how look growth will be impacted is going to be in focus. We will look at korean trade for may area so this one is edging lower, may. This one is edging lower. Chicago nikkei futures edging higher. The 10year yield adding seven basis points. Tracking the move we have seen of supplyelds pressures prelooking at the offshore yuan over 7. 09. It will bring us Monthly Economic activity data from china this week. Look at the pboc plans to strengthen Monetary Policy report and Pay Attention to growth and jobs on the mainland. Lets look at commodities this morning, oil edging lower after two
Lets get a quick check on the markets now. The s p 500 is not doing much, down just a point. Data,ing the disinflation the 10year yield at 70 basis points. Not much movement. Grubhub,ng a bid for according to people familiar with the metal. Restaurant brands international, the ceo just on tv making a bid for resuming business in china. Lets get a deeper dive into todays market action. Taylor take a look at the vix. You are seeing an extraordinary come down, down 17 points in the last month or so, now allow 827 handle, the lowest since february 24. We know that the fed will be buying etfs. With that, fear is leaving the market. I want to take a look at the balanced budget, or the lack of balance, that we will get around 2 00. We are looking at what could be the first april deficit since 2011. The tax deadline was extended to july 15, and all of the massive stimulus put in place will make what could be the first budget deficit that we will have in april, going back to 2011. You mentioned