21. 5 Million People lost their jobs in april. Oil prices have also been higher last check of wti saw it just above 24. Thats a began of about 3 that link between oil and stock market futures has been strong too. It has been very, very strong it is interesting. It has been strong on the way up the question is was it strong on the way down it is interesting to think what has been driving what . It has been stuck here. It is up 11 the next morning it is 26 and then 23 again. At the end of the session, it seemed to go back. Weve been holding at 24 24, 25 that seems to be enough. These futures are up 250 points every morning. At the end of the day, weve given it back. We are up to 250 again are you kidding me, china, if we are being nice about trade, thats enough to send the markets up again we are back to that . At least it takes the threat off the table. If you start adding tariffs on, i wonder what happens. Earlier this week, all of this harsh rhetoric. We talked about it yesterday, wha
Interesting times michael take us inside the pentagon at a time like this whats the mood there. Well there are still Interesting Times and right now everyones on much greater alert today we just saw this just in the gulf in the persian gulf with the buzzing of u. S. Naval air u. S. Naval ships and so but i also think its a time where countries may start taking advantage because of the focus of the United States on the coronavirus the the breakdown of its of the entire economy and the need to get back to work and and peoples jobs so people are focus inward and meantime other activities are going on were seeing an uptick in syria the israelis have begun intensifying its amins in the in syria against their iranian and as bala targets and were seeing it israel now trying to coax the United States to. Instigate act actions inside of iraq and order to. Get a response from iran and and then we see this action of the of the threats from pump a 0 to ship and the president really to shoot out. T
Worked directly with the secretary of defense and what the old chinese curse calls Interesting Times michael take us inside the pentagon at a time like this whats the mood there. Well there are still Interesting Times and right now everyones on much greater alert today we just saw this just in the gulf in the persian gulf with the buzzing of u. S. Naval air u. S. Naval ships and so but i also think its a time where countries may start taking advantage because of the focus of the United States on the coronavirus the the breakdown of its of the entire economy and the need to get back to work and and peoples jobs so people are focus inward and meantime other activities are going on were seeing an uptick in syria the israelis have begun intensifying its amins in the in syria against their iranian and as bala targets and were seeing it israel now trying to coax the United States to. Instigate act actions inside of iraq and order to. Get a response from iran and and then we see this action o
Demand. Ng server taking a look at the csx 300, up three tens of 1 . China unicom out with numbers. It shrank in the First Quarter. Page, take ap the look at where oil is. From the uglylly selloff to below zero. Futures in new york rising. Climbing after falling to a 21 year yield. The old story is about Global Demand shock. About two unveil a supplement fiscal package after the economy suffered its worst contraction since the financial crisis in the First Quarter. Fiscal stimulus our next guest says for skill stimulus plans are ineffective. Turning us now is jim walker. Joining us now is jim walker. Good morning. You say it is about businesses. Jim exactly. Type ofa very different crisis from the ones we have seen under the past where recessions and even the asian crisis you could take as being a downturn in demand. This is really a government mandated cessation of business. While governments are forcing businesses to lucked out and people to stay at home, basically, it is incumbent o
Jobless claims, though, 4. 4 million, bringing the total to 26 million over the past five weeks. Oil bounces, and the european pmis remain historically low 16 in france no, 10 in france 16 in germany. Jim, though, your tone this morning is relatively hopeful. Look, i am a creature of who reports and what they say. And i can literally i find it hard to remember as Many Companies as saying good things, even as obviously were in nidest of a pandemic, and i dont think theyre all clockeyed optimists. These are large cap companies. These are not the companies that the government is trying to protect. These are arguably the winners the companies that are going to get stronger i listened to lee, and Lee Cooperman was talking about what its going to look like on the other side i look at my desk. I have reports everywhere here these are all companies that are going to come through with fewer competitors. And that may be bad for the u. S. Consumer, but its good for the stock market david, would y