Weekend, 25 states reopening. That is about 33 of the gdp. All of that coming up. But first, the Coronavirus Crisis wreaked havoc in april resulting in the worst jobs report since the end of world war ii. The u. S. Economy lost more than 20 million jobs in the month of april with more than 33 million filing for Unemployment Benefits over the past seven weeks. The Unemployment Rate surging to a record high of 14. 7 . Joining me right now to discuss the brutal jobs report as well as how quickly this economy can recover is mohamed alarian. Thank you so much for joining maria you know what i find odd . We have these jobs numbers on the one hand which obviously show the results of this shutdown. And its been selfimposed but, nonetheless, all these job losses. Taunt, weve got a rally in at the same time weve got a rally in markets. Whats going on with this dichotomy . Not only is a dichotomy, but its fueling a lot of political rhetoric on main street versus wall street, companies versus peop
On the roundtable tonight, ben levisohn, carlton english and jack howe. Ben, im going to start with you. According to the textbook, the value of stocks is based on future cash flows. And with Interest Rates so low, of course, those future cash flows are a little more valuable. Add that to the fact that this Coronavirus Crisis presumably will pass over a couple quarters, and that hes eye academically at least the stock market should be rallying. To you buy that . Do you buy that . I think the market in some ways have lost its mind, but theres so much money out there right now. The feds dumped money and the governments put money, and now were seeing this good news in terms of reopening. And, you know, its as if we can just look past, the market is looking past all the bad stuff right now to a time when everything is back to normal. And if we can get back to normal, if earnings can get back to the trajectory they were on before, if the economy can get back to the trajectory it was on befo
Shop in new york as we continue our focus here on the show on Small Business. In fact, this hour we will look at how the owners of this business have survived the sixweek lockdown and also look at the questions about how long they can hold out. Also its may 1st. While were still waiting for the green light here in new york to open up our economy, there are more states that are wraf wrafrp that are ramping things up here. We will take you to tennessee and texas later in the hour, where restaurant, stores, even theaters are starting to open. Coverage of our top stories with fox Business Team coverage, blake burman monitoring the latest coming out of the white house especially on the remdesivir news and Lauren Simonetti watching the markets for us. Thats where we start. Lauren . Not a good day to watch the markets, connell. Sharp losses on wall street on this first trading day of may. There are two issues for investors today, two big ones, trade and technology. President trump threatening
Mariah carey has postponed a concert in hawaii this month due to the coronavirus outbreak. Instead, shell be replaced by a more coronavirusfriendly performer, Purell Williams [ laughter ] [ applause ] its all downhill from here. [ laughter ] a zoo in tennessee recently gained attention after their female Komodo Dragon reproduced without a male partner, or more likely, shes cheating, dude [ laughter ] a popup restaurant based on the movie clueless will open in los angeles later this month theyll even have someone who looks just like young paul rudd. Paul rudd. [ laughter ] [ cheers and applause adult website, pornhub, has recently added more than 120 coronavirusthemed videos. [ light laughter ] guys, guys, were supposed to be conserving tissues right now [ laughter ] yeah [ applause ] Purell Williams. [ laughter ] disney world opened its first mickey and minnie mouse themed ride yesterday big deal, all of our rides are mouse themed, said the new york city subway [ laughter ] [ applause
Liz the facts are, there are no inconsistencies to date and what terror read is saying about the Sexual Assault allegations against joe biden. Your reaction to the interview . My reactions are simple, not about whether he did or didnt do it, its a breathtaking hypocritical double standard in the kavanaugh manner because of political toxic city and the perception that Brett Kavanaugh would be the swing vote to the roe v. Wade. And that will happen in the first week and that never did. Lets get them back on to ask them why they said that. In kavanaugh, they said victims must be believed, today what they did, they took out the semantic toolbox and they change that to victims have to be heard. But the point i am making, theyre twisting themselves into semantic pretzels because her humiliated and embarrassed. Enter by the idea that they said everybody must believe willynilly, case closed, that goes against everything i learned as a lawyer in the last 35 years. Liz by the way tara reid is sa