Spending and chicago pmi fed chair with alan blinder in a few moments. Steve liesman will give us a curtain razor on that. Hey, steve. Good morning, carl. Yeah, were wondering whether powell continues a cautious tone, much more cautious tone than the market seems to embrace and in a way his cautious tone seems to give the market a green light because it means more stimulus or the fed being around for a long time here among powells concerns hes expressed in the past that the employment and growth rebound could take longer than it anticipated, some businesses wont survive the downturn, a possible second wave of the virus and the stimulus will run out and think about more stimulus on the other side you can see the effects of the stimulus carl alluded to in the income and spending numbers this morning. Quite astonishing. Every one of the numbers youre about to see are historic, never been there before. 11 month to month rise in income well tell you why that happened in a second. 13 month t
On fears of a 2nd coronavirus wave and were here to break down the following the future of the u. S. Economy plus have swept the nation causing much of policy debate Corporate America has moved in and hopped aboard the movement well discuss and later we take a look at the state of big coin amid the growing global unrest and whether we could see an upcoming surge with a packed show today so lets dive in. And we lead the program with u. S. Equity markets in turmoil the dow and s. And p. 500. 00 are both on track for their worst week in more than 12 weeks the news comes as investors react to several issues facing the economy including the Federal Reserves Economic Outlook which estimates u. S. G. D. P. Will fall by 6. 5 percent in 2020 despite expected growth in 2021 in 2022 now there is also data regarding the new weekly weekly jobless claims released thursday by the u. S. Labor Department New unemployment claims were just over 1500000 for the week ending june 5th and it should be noted
House of representatives before being elected senator. You are a regular, to use for the first and particularly on the u. S. And china relationship. For transparency, you and i have done each other for many, many years. I think prior to you entering politics so thank you very much indeed for your time today. Can i just say on a wider note we are very conscious that we meet during a challenging time for the u. S. Following the tragic death of george floyd. Our thoughts are very much with those impacted by this tragedy. The u. S. Is not alone in needing to do more to tackle the underlying issues but our thoughts and prayers are very much with those who are directly affected. Could i invite you to say a few words as an opening statement, then well move into questions. Thank you very much indeed. Thank you, mr. Chair and thank you for this kind words about some of the strife on our streets today. Of course we all want justice for george floyd and we are all deeply disturbed by that horrifi
Washington coming up markets are slipping on fears of a 2nd coronavirus wave and were here to break down the following the future of the u. S. Economy plus its just us that swept the nation causing much policy debate Corporate America has moved in and how to board the movement well discuss and later we take a look at the state of big coin amid the growing global unrest and whether we could see an upcoming surge with a packed show today so lets dive in. And we lead the program with the u. S. Equity markets in turmoil the dow and s. And p. 500 are both on track for their worst week in more than 12 weeks the news comes as investors react to several issues facing the economy including the Federal Reserves Economic Outlook which estimates u. S. G. D. P. Will fall by 6. 5 percent in 2020 despite expected growth in 2021 in 2022 now there is also data regarding the new weekly weekly jobless claims released thursday by the u. S. Labor. Department new unemployment claims were just over 1500000 f
That 10,000 mark and close there. The market picture is mixed, of course, as george floyd is laid to rest in houston. You are looking live inside the fountain of praise church as the Memorial Service continues. The death of the africanamerican man in Police Custody just over three weeks ago was the spark for protests on racial inequality and police brutality. Major corporations, you have seen this, we have told you about it, rushing to pledge support for the cause. Randall pinkette is not only the winner of season four of the apprentice but he founded and runs a company that actually leads corporations in a whole bunch of Government Agencies to overcome the racial divide. Hes here and he will tell you which companies are doing it right and what else has to be done to achieve true equality in the workplace. Forget carmageddon. Vroom is shooting straight up after its ipo today, up triple digit percentages. Wait until you see that. The ceo of the online used car dealership is here on whet