A far better measure is the ten Million People who filed for jobless benefits in the last two weeks. Fed governor lockhart just told maria the jobless rate is already more like 10 . Clearly, we are in an employment crisis, and another report that comes up at 10 00 eastern will likely show the Services Sector in collapse. Thats a strong word to use but its accurate. Later this hour, we are going to talk to larry kudlow, the president s chief economic adviser. I will ask him how bad is it and he will spell it out. Look, with nearly 300 million americans under a stayathome order, the economy is shut down. Morgan stanley says that between now and june, the economy will shrink by 38 . That would be a depression, the likes of which we have not seen before. Travel, shut down. At the airport tsa checkpoints, they are processing two million fewer passengers every day. Thats down 93 from a year ago. Those flights that do take off, virtually empty. Public transit ridership, down 75 . Commuters ju
And will only be down a fraction at the opening bell today. The nasdaq, that is four points away from its high and will be up nine at the opening bell this morning. Across the board, stocks remain strong. All right. Now, im going to show you three wellknown companies that are big losers today. First of all, grub hub. Ouch. Down, what, 33 . Each day our planet awakens with signs of opportunity. Its forecasting weak sales in the future. But with opportunity comes risk. Beyond meat, down about, what, and to manage this risk, the world turns to cme group. 20 bucks right now. 20. 73, 19 , even though it we help farmers lock in future prices, reported a profit. Todays the day when insiders are allowed to sell. Banks manage Interest Rate changes google, thats down even though all so they can manage their risks and move forward. It brought in 40 billion worth of revenue in just three months. Its simply a matter of following the signs. That was up 20 . The stock is down, now its down they all l
5. 9 trillion. The tax package, the driver right now getting closer and closer to a done deal. In the Senate Committee will be procedural motions, then 20 hours of debate, then the tax cut vote should be by friday. Believe it or not, it is possible senator mccain will pass the deciding vote. He killed obamacare repeal, will he kill tax cuts . We simply dont know. Will Claire Mccaskill vote yes . That too is possible especially after President Trump speaks in her home state of missouri today. He will say tax cuts, quote, poor rocket fuel on the economy. Just let missouri voters want to hear. Senator mccaskill is up for reelection. Have we got a show for you, including Nbcs Matt Lauer has been fired. Varney company is about to begin. This is truly a bomb show. Nbc not lower its outcome is fired from the today show. Heres the reaction from savanna guthrie in the morning show today. Roll it. For the moment, all we can say is we are heartbroken. Im heartbroken. Matt is made dear, dear frien
Concerns that can you could see more violence as authorities postpone the president ial Election Rerun its opposition and strongholds and the fee is for the safety on election officials. Time and home free thanks for joining me. Sax cattle and a president called has pushed him on to cold for quote democratic opposition to the sake of catalonia upon the trees and an address he said the spanish governments decision to dismiss him was illegitimate and vowed to piss you his struggle for what he said to be a free country madrids actions have left castle and supporters of independence outraged here in catalonia some towns have lowered the spanish and e. U. Flags a symbolic move after the region declared its independence. This was the moment catalan leaders stepped into the unknown lawmakers and barcelona voting officially to split from spain after the opposition walked out in protest. For many this man carlos peter man is the hero. Hes the one whos led catalonia into this confrontation with
The media loves this. The New York Times says Party Fissures have been exposed in an embarrassing setback for republicans, end quote. And here is a dire warning from the conservatives, if g. O. P. Senators blow this, say hello to Single Payer Health care. I repeat, this is not good news. However, yet again, political paralysis has not spilled over to the markets. The modest gain for the dow expected right there at the opening bell today. But the markets are getting nervous. And an another 100 point drop for the dow yesterday, all the big five Technology Stocks took a hit yesterday and there were modest rebound today, but thats not much. A modest rebound. Wait, theres more. Gas down again, see that smile . The white house calls out cnn and sarah palin sues the New York Times. Big day for politics and for your money. Varney company is about to begin. Now, the headline there was the collapse of venezuela and, yes, its really in crisis. Look at this. The countrys president maduro claims th