Out what that election will be. It is tuesday, and with economics we look to the jobs report on friday. It is supposed to be an especially grim report, modeled out on an unemployment report of 17 , 18 . Last night was extraordinary in new york, and i would say within the curfew that we are in as we speak, there is a silence in the streets. There are no sirens heard. Francine we will have plenty more on the curfew and also with what President Trump said. Lets get to first word news in london with leighann gerrans. President trump is threatening to use the u. S. Military to crush unrest. The president has called on governors and mayors to dominate the streets. He is sending thousands of heavily armed military personnel into washington after days of violent protests. After speaking, the president walked across the street from the white house to st. Johns church. There was tear gas in the air and it had been used to clear away protesters. Or violence across the country in new york, looters
His writing career and books on indepth. Watch booktv this memorial day weekend on cspan2. Journal continues. Host once again, we are going to open up our phone lines to you with the question, will you attend church in person once they are reopened . On friday,because President Donald Trump announced that his administration is moving toward deeming places of worship essential, which means he wants governors to start reopening religious institutions for services immediately. In fact, here is President Trump and what he said. [video clip] President Trump some governors have deemed Liquor Stores essential, but have left out churches and other houses of worship. It is not right. I am correcting this injustice and calling houses of worship essential. I call upon governors to allow our churches and places of worship to open right now. If there is any questions, they are going to have to call me, but they will not be successful in that call. These are places that hold our society together and
Be playing into sentiment. All of the sub indices in the s p 500 are lower now. A real pause in earnings reports from the Oil Companies to amazon, down 7 after saying it would likely spend all of its operating profits on covid related preparations to protect employees and customers. Also saying that revenue increased, which was a positive sign out of amazon, but again, investors selling that stock today. Barrelil was above 20 a , so i bit of a recovery, if you want to put it that way. It certainly doesnt feel that way. Then we had the ism manufacturing data earlier which really cast a pall over the earnings outlook. Ecb president Christine Lagarde is forecasting euro area Economic Growth to shriek as much is 12 this year. This is the central bank announced a series of further that effectively amount to do an Interest Rate cut. Thanks on the front line of the economic recovery puts banks on the front line of the economic recovery, but does it go far enough . Ofh us now is Marilyn Watson
Pete, i begin with you buffets gone. Are you staying around you know, it is disappointing. Its something thats a bit of a surprise, quite honestly we know what a hit the airlines took it was very clear and how the numbers look right now and some of the Recovery Period was he getting out on the lows i think there is some upside right now im only in the options for delta. They had a great run up until we found out the oracle was bailing. They cut that back a little bit. Bren, you have a small position in delta as well. If this is a statement this group of stocks is uninvestable, if the greatest seller sells out completely and who knows what prices he got out but thats statement in and of itself absolutely. Its a statement the buffet backstop is out of the airline stops. Were practicigmaticpragmatic. Were not dogmatic we will move out of this Airline Position because theres a ton of other companies that will not have this negative head wind we just dont know the trajectory of the u. S. Ec
New zealand going to issue 60 billion kiwi with Government Bonds between now and next year saying the net debt will rise. That will be in 2023. That is coming out of wellington. Looking at what is happening we have got the australian markets on the way. Of huge ball in the number people out of work but the Unemployment Rate better than expected, down to the dissipation rate their, falling quite drastically as well. That is where we have it. China 10 year bond. We have got yields going back as the price goes up. Risk off sentiment, facing unprecedented threats from the coronavirus and monetary and fiscal policy makers must rise to the challenge. Jay powell pushback talk of negative rates. Is an unsettled area i would call it. There are fans of the policy, but for now it is not something considering. We have a good toolkit. That is the one we will be using. Haslinda joining us from new york is nicole webb from weld enhancement group. So the fed saying not likely to go negative, but it is