Growing inequality. Welcome to d. W. Business i want to get jones in berlin good to have you with us. And the british pound rose 1. 7 percent against the u. S. Dollar its biggest jump since march that of course as britain and the European Union move back to the negotiating table now that move comes after the chief negotiator offered asked london put it all if branch its a last ditch attempt to strike a deal to avoid a messy breakup at the end of the year only a few days ago british Prime Minister Boris Johnson threatened to quit talks on unless the bloc offered a quote fundamental change in policy. And all of this comes as u. K. Government borrowing is source amid the coronavirus pandemic taking public debt to its highest level since 1960 and the increase borrowing to total public debt above the 2 trillion pound. Or 103. 5 percent of g. D. P. Though in comparison germanys finance minister expected to make up just 75 percent of by the end of the year the European Union as a whole is sti
Out of the country rich an official say shes being detained. Hello im terry martin good to have you with us we begin with breaking news fire has swept through greeces largest migrant camp on the island of les paul sufficient say multiple blazes broke out overnight the morea facility prompting a Mass Evacuation firefighters say the flames destroyed much of the cat which is home to nearly 13000. 00 Asylum Seekers media suggest the fires might have been started in protest over coronavirus isolation measures dozens of migrants have tested positive for the virus riot police have been deployed along the road leading to the nearest town. For the very latest were joined now by. Athens youve been to moria frequently what are your sources telling you about the situation on the ground there right now. Well i was just speaking to the Regional Governor who oversees the situation on the island and he told me that the fire has to literally wiped out the entire refugee camp and that is creating a huge
Realize that this lawns full of weeds and dead grass and bugs and a golf ball okay, this is what the market is really about not this, but this see how the averages rallied again today, the dow inches up 47 points, s p advancing 2. 3 . The nasdaq gaining 1. 06 but almost 3 5ths of the stock in the s p 500 are actually down for the year were in high territory because of the other 2 5ths up a lot heres the real economy. The truth is, the weeds are more representative than the healthy patch of lawn, and in many ways its getting worse, not better, as the weeds begin, i think, to infect the nice part but when you look at the whole s p, you cant see the weeds you see, theyre obscured by Tech Companies with big gains. Who wants to talk about the other 291 stocks that are down for the year when you can focus on the incredible runs in amazon, microsoft, apple, facebook, alphabet its a lot more fun talking about tesla, up 378 than talking about gm or ford down 27 and 21 . Tesla has about 50,000 e
The dow toing 25k. Steph, whats the significance of those big numbers we have now been able to get over . Its very positive. It makes people feel better especially if they were buying back in march and april and may. We have been getting pockets of activity thats picking up like the tsa travel numbers look bet per. Mortgage applications up four weeks in a row these are baby steps what this tells me is yes we had a horrific recession were still in it. Its probably going to recover a little bit faster than i initially expected i dont know if its a v but i think april and may are the worst months of the year on terms of the Economic Data and that we are going to start to see an improvement if you do see an improvement and get the economically sense tifr sto sensitive stocks to rebound, thats very encouraging. If you look at financials, they are down 26 on the year industrials are down 26 on the year these things could have a mean reversion and that could propel us higher along with Techno
Unexploded bombs still in danger lives in this Small Agricultural country Jordyn Wieber going to happen there even today kids in laos full victims of bombs dropped decades ago it is the us making amends for the tragedy in laos what help do the people need in that little land of mines. The 1st countries to face the pandemic have been the 1st to ease the lockdown. How do corn see in the fridge for the stove in my work i made a call to. Italian suspect 19 percent more food into the lock down than at the same time last year unfortunately this has been the only positive development for the economy is. He was the 1st european country to undergo a lockdown but make the list at shortly Many Enterprises will open for business again but the masks and gloves will still be a monster because with just for the going to have plenty memories from High School Shop classes and got behind her so she. Was not compatible oh my dear. Melissa shot with these little oh whos that up we didnt even know that wou