Committee in january of 2019 and i quote, the United States and the world will remain vulnerable to the next pandemic where large scale outbreak of contagious disease that could lead to massive rates of death and disability, severely affect the world economy, strain international resources, and increase calls from the United States for support. We must ask ourselves what are the warnings and what can we do right now to protect the American People from other threats. Before the unthinkable happens in the future, how can we exercise strategic and precisive foresight to the best of our ability today to ensure are a nation prepared for tomorrow. That same worldwide threat assessment Cyber Attacks is a top global threat with china, russia, iran, and north korea. Raging a silent war capable of shutting down with such Information Systems and critical sectors in america. The report states, and i quote, our adversaries and strategic competitors increasingly use the Cyber Capabilities including
Rank and file. And retail rebound lun lunacy you are watching Worldwide Exchange on june 10 here on cnbc good morning, good afternoon, good evening from wherever in the world you may be watching us here is how your money and Global Markets may be setting up the money and the rally could be setting up thedown coming off the first down day in six. The longest win streak since september. Not about the dow. It is about technology the nasdaq crossing 10,000 for the first time ever. That index on track for the 19th record close of the year most of those occurred before the pandemic or the lockdowns could be a 20th record high. You could call it a stayathome trade or a tina trade. There is no alternative to technology amazon, facebook, apple, microsoft. Doing the same strategy they did prelockdown. Awaiting fed chairs next move out with the latest policy decision at 2 00 p. M. Eastern time today sara bloom raskin told us there is still a lot for powell to consider the economy is not an on off
14. 7 Unemployment Rate for the month of april is the highest since the great depression. A confederate, the unappointed rate was at record lows. Three and have presented the coronavirus pandemic, stayat home orders, and the shuttering of businesses in just about every industry changed all that. Is fully expected, no surprise. Everybody knows that. Somebody said look at this. Well, even the democrats arent blaming me for that. We can have a fantastic next year, we will have a record or almost record next year. We are going to have a transition in the third quarter. Reporter one of the president s top economic advisers was lust optimistic. It looks like about three quarters of the job loss was from temporary labs. That doesnt lessen the hardship, by the way. It does suggest things like the payroll protection program, and the Unemployment Insurance has had some cushioning effect. Reporter National Economic Council Director larry kudlow says there are no formal negotiations going on right
Apple warning that coronavirus will hit revenues. The drop in apple surprisingly small. Flat as investors see little new in this reboot. We are going to get 35,000 job cuts, though. And franklin buying legg mason. L scale project s of protect active Asset Managers from the storm ripping through this industry . From london, im guy johnson, with vonnie quinn in new york. We are counting you down to the european close on bloomberg markets. Vonnie grinding lower, but slowly. We are down zero. 4 on the s p 500 as more and more companies talked about the impact of the coronavirus shortterm and more intermediateterm on their businesses, including the apple, and of course which is what spooked the markets after a possible turnaround day yesterday. Apple said it would tried to china said it would try to shore up its economy. We are also getting some good earnings reports helping shore up some of the market. Gold futures above 1600 an ounce, and that is all just in the last few minutes. It does
The speaker the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Eternal god, we give you thanks for giving us another day. Send your spirit of peace and calm that all might have confidence in your faithfulness to us. That no matter what lies ahead your grace is abundantly available. Now we approach a week during which all americans will gather to remember who we are. A nation generously blessed not only by you, our god, but by courageous ancestors faithful allies, and the best good wishes of people everywhere who long for freedom, who would glory in the difficult work of participative government and who do not enjoy the bounty we are privileged to possess. Bless the members of this assembly and us all that we would be worthy of the call we have been given as americans. Help us all to be truly thankful and appropriately generous in our response. May all that is done this day be for your greater honor and glory, amen. The sp