We do know some options that they have. Well explore that a little bit later. Meantime, i was telling you about a lot of depressing economic news. Latest home sales are expected to fall at least 15 this year. That adds to a string of stunningly weak numbers. I say stunningly weak. Wall street was bracing for some bad numbers but to connell mcshane, i dont think they were bracing for this bad. To you, my friend. Connell i think that is the point, neil. In many ways to your point what we learned on both the economic front and when it comes to earnings is soar of confirmation what we already knew. That this economy, thanks to the coronavirus inspired shutdowns is in very rough shape. But when you look at things like retail sales and drop we saw there, this, is even worse than we thought. I mean the largest drop that weve ever seen in retail sales on a monthly basis. So thats march. Economists know april is likely as bad or worse. This comes from the commerce department, only been tracking
Worse with a second wave of the virus. This took place as a virtual discussion with the Atlantic Council. Thank you, everyone, for joining us today. Im the director of policy and programs at the Atlantic Councils Global Business and economic center. And we are honored today at the Atlantic Council to welcome kristalina georgieva, managing director of the International Monetary fund. Now, todays event is part of our headliner a. C. Front page series. Its our new premiere platform where we bring together Global Leaders to discuss the most urgent challenges facing the world. So i think we really do have the perfect guest this morning. She leads an institution that is on the frontlines of trying to save the global economy. And on a personal note, im proud to say its an institution i was able to call home for three years. So we want everyone to engage in this virtual conversation today and ask her questions. If youre on twitter, if youre on facebook, if youre on linkedin use the acfrontpage
Government in a phase four plan. That is helping to lift equities. No surprise, you have the underperformers again starting to surprise. Nordstrom and the gap are the two strongest is in the s p right now. Those are the names rallying. You have to wonder about the efficacy of the rally. Priceslped by energy getting some stability in the u. S. Despite the fact we saw an and norma screwed inventory build of 15 million barrels. I had to actually look three times out the number because it was so big. You are seeing that risk on continuum, but i have to have doubts when you have nordstrom as the Top Performing stock in the s p. Guy lets talk a bit about what is happening in more detail in europe. We are trying to figure out what is going to happen next. Eu ministers are divided on how to finance the regions fight against covid19. Yesterday, 16 hour call. Tomorrow, they were doing again. Aance and berlin both saying deal is close. The question is, what are the sticking points, and how big ar
To the governor 20102011 and was the top assistant in the Attorney Generals Office when i worked there. Former federal prosecutor and he mcandrews and forbes. Robert mahica, the budget director. It gives me great joy that she will be helping us out. When i was her age, i came and worked with my father in this room as special assistant to the governor. For one dollar a year. My father never gave me the dollar per year. I will give you the dollar a year. She is not working for obvious reasons and she is here to help and that is a joy to me. Melissa derosa, who everybody knows, worked for president obama. Shes been working with me for seven years. She is the current secretary to the governor Larry Schwartz, former deputy county executive of suffolk and former county executive of westchester, former secretary to the governor patterson and former secretary to the governor under Governor Cuomo, 20112015. And bill mullrow, special assistant to the governor. The reason i wanted you to meet the
Positions at department of state. He served as u. S. Ambassador to england. And was price he has received several awards. Distinguished civilian service from the chairman of the joint chiefs of chat. To my farleft we have general douglas e. Lute, hes the permanent representative of nato, a position he retired in 2017, previously he had a distinguished 35 year in the u. S. Army. He served for six years in the white house under both president s george w. Bush and obama, in 2007 president bush named him Deputy National security adviser. Then we have professor brett h. Mcgurk, hes at Stanford University before moving to stanford he served as a the Global Coalition to defeat isis. He helped to build and lead and natural coordination. Previously mcgurk served in senior positions in bush and obama administrations,. He is left several diplomatic he led talks with russia over the syria conflict. And finally the panel of discussion will be moderated by this professor, he is Henry Kissinger disti