Straight to the senior economics reporter for this. Steve, what are some of the reasons why we might not trust this data . I guess im starting off with a bias, because this seems like really good news when were just off a huge pandemic. I think a reason not to trust it is were in the middle of an historic economic shutdown and apparently on the upside of that shutdown and nobody has ever seen this kind of thing before we hadnt seen 20 Million People lose their jobs in a single month, and we really have no idea how the jobs would come back all of the other indicators we were looking at suggested there would be massive job losses. And it is well to put that into perspective. Remember the forecast was for minus 8. 3, came in 2. 5, so folks, you can do the math at home on both sides of the zero line it is nearly 11 million jobs is the number that the consensus was off by and wall street was off by it a bit too, if you dont mind my saying, they had a nice rally when they realized maybe we w
In chicago some ways this was very specific in the wicker park neighborhood. Theyre hitting Liquor Stores and salons, getting bottles of shampoo. Hitting clothing stories. Other ways it is very indiscriminate. They are hitting Small Business and you can see they hit the target which is now being boarded up as we speak. It is about cleaning up, boarding up buildings that have been hit. Boarding up other buildings to prevent this from happening again. I want to show you video from over the weekend. What happened here in chicago, they shut down Public Transit into the downtown areas where we saw protested on saturday night. They shut down main arteries into the downtown area. As a result of that, the protests and looting became more scattered. They hit suburbs and south side. Where we are outside of the Downtown City Center in wicker park. I talked to a Small Business owner not far from here. She was getting ready to reopen the clothing retail space on june third. Because of this it is de
Days, weve seen the dow up over 1,000 points a gain of 553 yesterday and 529 points on tuesday. Looking this morning at the dow futures indicated up another 105 points we are back above 25,000 for the First Time Since march when watching the dow s p is up just under a point the nasdaq down around 54 points both of those indexed were hire yesterday as well. The 10year looks like it has been yielding around where weve been around 0. 677 we will continue to watch this this morning we have a lot of big guests coming up. Now to the moment weve all been waiting for. Joe and andrew, ill send it over to you. What moment would that be well be in a twoshot we are good we spoke yesterday we are good. You didnt have much time. We made the news. A few comments. People seem to have differing opinions he wasnt able to talk much. We were moving on. He had zuckerberg. We dont have time to dwell. Weve been together 10 years longer than many marriages we have our moments but we will disagree but not be d
, and that is senator john thune of south dakota, who is here with us today to discuss the current state of affairs. You can participate in todays discussion on social media by using the hashtag bgovwatch to be sure to follow bgov on twitter. I do have a couple of housekeeping announcements just to get us to todays presentation. This is broadcast live and although we dont anticipate any technical issues, should you experience any streaming delays with audio, may be video quality, go ahead and refresh your browser. That should resolve the issue. This is also an interactive event. We want you to be a part of this conversation. Well have live calls going on and we look forward to you , submitting questions he would like to ask. Now, to ask a question, you will see a q a box to the lower righthand corner of your screen. Go ahead and type in your request and it will pop up in front of us. At the top right of your screen , you will see another box that says slides and polish. Polling. This i
Good afternoon. Thank you for joining us. My name is cliff johnson, the general manager and head of Government Affairs solutions here at Bloomberg Government. I am actually delighted to welcome you to a 2020 springhill watch event. Hopefully by now youve all the chance to take a look at the newest addition of our biannual hill watch report that explores what to watch on capitol hill across more than 20 different policy areas, and of course, this report also examines the effect of covid19, the need for related relief legislation as both parties agendas and plans for 2020. Today were incredibly excited to build upon of a reporting teams expert analysis through conversation with a key lawmaker, and that is senator john thune of south dakota, who is here with us today to discuss the current state of affairs. You can participate in todays discussion on social media by using the hashtag bgovhillwatch to be sure to follow bgov on twitter. I do have a couple of housekeeping announcements just