Opens up today. A little bit of good news there. Of course, on Bloomberg Television worldwide. We say good morning. John, i love that opening where we had Christine Lagarde ooking at g. D. P. , and your conversation with laurence cud low looking at a better than good jobs report. They couldnt be farther away, could they . Jonathan hope bfl this ecovery in the administration. A lack of urgency around the next move on fiscal policy. I think thats critical, catching up with the administration, they were telling me theyre going wait until july to see what the data looks like. When they talk about progrowth policies, i think were thinking about tax cuts and not emand side push. That will be the debate over the next 30 days. Tom a big debate about that today. But john, i notice dow up 9,000 points off the bottom. Dow 18,000, and we continue to advance this morning as well. What is it that sticks out to you . Jonathan you point things out just to wind before he up. So im going brush up on tha
Time those are good too if demand from the treasury doesnt come back in coming months, whats the longer term implication for Interest Rates i know youre reticent to give any forecast on Interest Rates, which i understand, but give us a tone about the impact, the correlation there. There seems to be flying of demand for our paper i wouldnt want to speculate about what Interest Rates might do were the worlds reserve currency and in times of stress people want to own u. S. Treasury obligations and thats been the way that is for a long time. Even if some of the problems as in the last crisis, problems originated here, notwithstanding that we have the strongest, economy, most liquid markets. One last question ill yield my time back. Youve been gracious with your candor and your time i heard a conversation in this hearing about labor. Our state was one of the first ones to reopen one of the inhibiters to supplying the demand that i think is out there and i think were proving that is getting
If demand for that paper does not come back in the coming months, what is the longerterm implication for Interest Rates . I know you are reticent to give any forecast on Interest Rates, which i understand. Give us a tone about the correlation there. Chair powell there seems to be plenty of demand for our paper. I would not want to speculate on what Interest Rates might do. They are the worlds reserve currency, and particularly in times of stress people want to own u. S. Treasury. That is been the way it is for a long time. Even if some of the problems, as in the last crisis, love the problems originated here, people wanted u. S. Treasury, and that is because we have the strongest economy, the best institutions, the most liquid markets. One last question. Youve been very gracious with your candor and your time today. I have heard a conversation in this hearing about labor. I hear all over my state, our state was one of the first ones to reopen. One of the inhibitors to supply and demand
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
A round table discussion with industry executives so thats happening or about to happen at the white house, well bring you any comments that come from the white house this hour. The major averages are up for the second week in a row. You see the numbers the dow up well over 3 almost 4 in what was a holiday shortened week, the month the dow and the s p 500 up more than 4 a piece and look at the nasdac up nearly 7 , 6. 75 all up for the second month in a row so thats how we close out the month of may at least for trading. Lots of talk about today fox Business Team coverage we have blake burman at the white house, Jackie Deangelis at our news room in new york, Edward Lawrence reporting from washington, blake . We start with you on the north lawn. Reporter hi there, connell and melissa. President trump announcing at the white house several measures against china on the one hand, for chinas handling of covid19 , on the other hand, as well, for chinas crackdown on hong kong; however, as the