20. 5 in a data set thats never been more than 2 million in a single month, numbers we never expected to talk about no. The numbers are just completely and totally shocking not unexpected however given the carnage thats taken place in the economy over the last month as we locked everything down those lockdowns ending around the country. Things starting to at least normalize in some states the question will be of the 18 million workers who describe themselves as a temporary layoff of that 20 million, how many really will get their jobs back is a key given the markets reaction today, there seems to be an expectation that most of them will that will remain a question over the next many months as we hope that the economy does start to return to some semblance of normalcy mike, lots of internals to dig through here average Hourly Earnings show a chasm between lowerpaid employees in the country and those with higher wages who, judging from the data, lost their jobs at a slower pace. Yeah, no
Washington. Words matter. And those words have created a certain amount of confusion and when you lack clarity that can create confusion and confusion can lead to panic. Brennan President Trump visited the usns comfort on saturday. The hospital ship is on route to new york to help ease the load on the says hospitals. Our country is at war with an invisible enemy. Brennan new york state accounts for half of all coronavirus cases in the u. S. Governor andrew cuomo is preparing for the weeks ahead. You dont win on defense, you win on offense. You have to get ahead of this, anticipate what is going to happen. Brennan around the world, there are unprecedented efforts by leaders to cope request global shortages of ventilators, medical supplies and personal protective equipment for medical workers. President trump signed a 2. 2 trillion package of Economic Relief for individuals and businesses, but with a recordsetting three at a, 3 million unemployment claims last week is it enough to stop t
Italys Prime Minister said it would derive from properties on h derived from higher Interest Rates. The net income exsceeding the growth for 2022 and 2023 citi estimated that would be equal to 19 of bank net profits for the year the tax would only apply to domestic Net Interest Income if this were to happen in the United States it is not happening i know. I dont know what would happen to the world. It is like when hell freezes over scenario. 40 windfall profit tax on banks. Do you think this is such a game changer that you would ever be in business in italy ever again . I think they view banks as utilities in italy i think investors will think about Certain Industries now at the beck on call of the government it can be wiped out just like that it changes your money. Chinese communist out of nowhere with the Tech Companies in china the trading Certain Industries. In other bank news, moodys cutting ratings with several banks and downgrading the biggest lenders. The credit strengths will
Next, defense secretary james mattis and general paul seldom the before the armed Senate Armed Services community. Secretary mattis stressed the need for Stable Funding for the military to be fully trained and ready. This is a 90 minute portion of the hearing before members went to the closed session. The committee will come to order. The Committee Meets today to hear testimony on the nationalations Defense Strategy and Nuclear Posture review. We welcome back the secretary of defense and vice chairman of the joint chiefs of staff to discuss these important documents. I cannot count the number of times i have heard members of this Committee Talk about the importance of having a Defense Strategy to help guide decisions the executive branch have to make. Now we have one. It is a component of the Broader National Security strategy released in december, and it has within it the Nuclear Posture review, the first of its kind since 2010. A lot has changed since 2010. And both documents come at
Hill this week to testify on the pentagons National Defense strategy and a recent review of u. S. Nuclear capabilities and security. The services hearing took place a full a few days before Congress Approved a twoyear budget deal that raises defense spending by 165 million. It is 90 minutes. May you come to order. The Committee Meets today to her testimony on the administrations National Defense strategy and Nuclear Posture review, both of which were recently released. We welcome back secretary of defense and vice chairman of the joint chiefs of staff to discuss these important documents. I cannot count the number of times i have heard members of this Committee Talk about the importance of having a Defense Strategy to help guide decisions that we and the executive branch have to make. Now, we have one. It is a component of the Broader National Security strategy released in december, and it has within it, the Nuclear Posture review, the first of its kind since 2010. A lot has changed si