This is the one business show you cant afford to miss them on to say ok in washington coming up big health and Economic News markets today but are we past market bottom we have a channel for you that much Energy Factor is among the worst start of the pandemic putting many jobs at risk you have a cockroach today so lets go and dive right into. Big health and Economic News driving markets up on this tuesday a u. K. Clinical trial known as recovery found a possible treatment for cobra 19 well providing low doses of the generic state stero a drug dexamethasone to patients with the krona virus reduce death by up to one 3rd in severely ill hospitalized patients for patients on oxygen it could death by a 5th while Oxford University professor Martin Landry coleading the trial said this is a result that shows. That if patients who have coburn 19 are on ventilators or on oxygen are given dexamethasone it will save lives and it will do so at a remarkably low cost coal lead investigator peter or b
Nasdaq nosedived the worst day since march. The lesson things got too easy. Everything was working every sector, the airlines, oils, health care, cruise lines, transports, blanks, retail, tech until a few days ago, picking winners, you know what it was like it wasnt like shooting fish in a barrel, it was like machine gunning fish in a barrel when it getz that easy, when everyone thinks theyre smarter than warren buffett, you know youre in a real bruising. A genuine roll back, and sets back the neophytes who only knew when you buy a stock, it goes up that logic has now been debunked this has wiped out a good chunk of the geniuses who crowded into the airlines, betting they knew better than buffet after he dumped the whole group so what happens now . If theres all this money being managed by novices who only know how to chase momentum, is it safe to buy before those get blown out . Dont have you have to way until the Hedge Fund Guys who missed the whole rally, come on our air and say i t
Anastasia ogrady. Daniel well its not exactly clear whats behind it. Obviously people are being infected. People who have coronavirus are transmitting it to others and there are things we can correlate with, it could be the protests that, indeed, happened all over the country for the last month. These were people in close proximity to one another, in los angeles, texas, florida, other states, it could be the number of people who have gone to restaurants, bars without masks and despite new infections do involve younger people, not the older Vulnerable People above the age of 70 who tend to be have the highest death rates. Some of the younger people are being hospitalized not too many of them are dying. The case rate is very high, the case numbers are high. The death numbers are not high, if you look across the states they remain very flat, so at the moment the surge seems to be located, paul, mainly in the younger population who has quite frankly been exposing themselves to one another
Markets up on this tuesday a u. K. Clinical trial known as recovery found a possible treatment for cobra 19 while providing low doses of the generic state steroids drug dexamethasone to patients with the coronavirus reduced deaths by up to one 3rd in severely ill hospitalized patients for patients on oxygen it cut death by a 5th while Oxford University professor Martin Landry coleading the trial said this is a result that shows that if patients who have coma 19 are on ventilators or on oxygen are given back some of the stone it will save lives and it will do so at a remarkably low cost co lead investigator peter or be added its a major breakthrough docs some of the stone is an expensive on the shelf and can be used immediately to save lives worldwide meanwhile stocks also jumped off of the u. S. Commerce Department Released data on Consumer Spending for the month of may after 2 consecutive months of record drops retail sales posted a record. 17. 7 percent thats more than double previou
Ken frazier earlier on squawk on the street, take a listen to this when theres unrest, people put out statements, they put out platitudes they say this is terrible. We decry racism. We believe we ought to build a just society i think business has to go beyond what is required here before the pandemic there was 12 milliontilunfilled jobs in this country and 5 million inner city kids who want access to the economy. They want to be participants, citizens and consumers what they lack is the education, they lack the training there are opportunities for programs ken is so right well talk a lot about how American Business, how the corporate sector tries to heal this country thats obviously broken youre correct. It is the corporate sector and some of us would say other than the Atlanta Mayor who gave such a tremendous speech, were looking for leadership maybe we find it more in corporate or im reminded gina rometty created low income and low opportunity neighborhoods where she built schools, p