Better. Im tom kean in new york and joining me is taylor rigs this morning. I love the chart you put out on high yield this morning. What else do you see in the markets . Taylor what does it mean when the fed comes in and buys junk bonds, tom . Weve never seen it before, supporting the fallen angels. Massive rally in the high yield market not to mention a bit of the equity markets, coming off the best week since 1974. Some of that seems to be reversing this morning. Tom im really thrilled with the conversation were going to have with the vice chairman and we look for that at 6 30 this morning. Im particularly thrilled Michael Mckee will join me and there will be some interesting questions. Im taking a broader perspective and michael wants to drill down as he does at the press conferences to the minutia, the details, the mystery of all the alphabet soup that the fed has done as well. We continue our huge news flow this morning with our first word news in new york city with viffauno hurt
Equipment. How reliance on china could be making it even more challenging. And songs for the soul. A stunning performance by Andrea Bocelli as millions spend easter separated from family. Well talk to him only on cbs this morning. It was so good. First, heres todays eye opener. Your world in 90 seconds. Oh, man, look at this. Its a mile wide. A series of tornadoes tore a path of destruction from louisiana to alabama. I heard this really loud bang. I was like, okay, well, the window is gone. All 50 states under a federal disaster declaration. We are hoping at the end of the month we can look around and say is there any element here we can cautiously start pulling back on. A cautious reopening of the economy. Is new jersey ready for that . I fear that we could be throwing gasoline on the fire. British Prime Minister Boris Johnson is now out of the hospital after recovering from covid19. We will defeat this coronavirus and defeat it together. Easter sunday was celebrated in unique ways fr
President. Road map begins with stocks moving lower ahead of the open, investors digesting trade war fears, latest jobs numbers, the uncertainty about the feds next moves. Trump tariff threats, the president promising to tax the hell out of china until a trade deal is reached. Oil prices recovering after the worst trading day in four years. Both exxon and chevron moving higher after reporting Quarterly Results this morning. Along with inline results for july, payroll gains were revised downward for both may and june the Unemployment Rate held steady at 3. 7 for a second straight month wage growth 3. 2 from a year ago, but manufacturing weak, year to date average 8k, works 22k last year and santelli pointed out, manufacturing work hours, the lowest since 2011. We know where this is all coming from. Were continuing to get a tale of two economies. Overall a healthy job report, came in line, better participation, better wage growth, a lot to be encouraged about, but there are pockets of we
Coordinator at the migrant charity samphire, says that there are safe and legal ways for migrants to come to britain are not. A lot of people do know what the options for safe legal routes are, but of course we use humanitarian visas with the ukrainian situation , people were ukrainian situation, people were brought here safely legally brought here safely and legally , never having to navigate the asylum system or get into a small boat. So it can done. Small boat. So it can be done. We do have have mechanisms available, but theyre very , available, but theyre very, very they dont catch very narrow and they dont catch everyone that is allowed to be here. So its we know now that nothing is going to work, nothing is going to work, nothing is going to work, nothing is going to deter people. So we need to start looking at how them safely and how we get them here safely and process them quickly. Process them quickly. People in scotland and in wales could soon be able to get access to nhs tre
In his annual state of the commonwealth address Virginia Governor Glenn Youngkin discusses test scores, Opioid Crisis and need to improve the foster care system. Governor youngkin and was born in richmond has been serving as governor since 2022 his speech at the kate State Capitol is about 45 minutes. [applause] [cheering] [applause] [cheering] thank you. Thank you. [applause] okay. [applause] thank you. [applause] thank you. Thank you. Mr. Speaker, madam president , Lieutenant Governor earl sears, attorney general, members of our General Assembly, chief justice a good one and the justices of our supreme court. Members of my cabinet and my fellow virginians, what an honor it is to be with you this afternoon. Today we gather and our commonwealth capitol. Not as republicans, not as democrats, but as virginians. And what an honor it is to welcome 54 members of the haGeneral Assembly that are in their new seats. [applause] and as we open this next chapter we mark a yet another trailblazing