Without the businesses, they will not be getting money for long. Is there enough . If not, we will do something later, i am sure. Wall street analysts are predicting unemployment could skyrocket next week. Some analysts say as many as 3 Million People applying. That would be an historic number. Is a 1000 check going to cut it . We are talking much more than that. We are also talking about doing phases if this doesnt work. We will keep on doing it until we get it going. Once we get the economy back, was this enemy is defeated, the invisible enemy, once we get the economy back, it will all come back to us very quickly. We have a tremendous economy. Othernumbers like no country has done before, number one in the world. That money comes back to us very rapidly. That when,have it so not if, but when we win the war, the invisible enemy, when we win it, these companies can immediately start. Not that they had to start rebuilding, which takes a long time. Are you confident those jobs will come
Sonali coming up, countdown to the fed. Days away from the next u. S. Century Bank Decision and in the walk up, short and yields on the rise. A flurry of issuance underwriters looking to get ahead of the big Rate Decision but we begin with all the big issues all eyes on the september meeting. The outcome of the september meeting. I think the fed will do what we expect it to do. Pause and indicate they are data dependent. The fed has to rethink their done hiking. Thats they have to maintain the policy stance. Think they will be inclined to deliver a hawkish pause. The trend of inflation is moving slower. Core inflation moving in the way they want. Most Central Banks probably done hiking. I think the fed is going to be responsive to the labor backdrop. I think we may be at the end of rate hikes. Sonali joining us now are Jerome Schneider and maureen oconnor. Someone who manages along the curve, i want to ask you about the rates this week because we have had a 13 basis point move from the
More helpful to look at the spread in this sense. Its not often that weve had these kinds of swings like there were yesterday. Its continuing today. , buthe same magnitude not very frequent weve had that kind of spread between the intraday low and high. Yesterday was a wholesale selloff. There were only two stocks and the s p that were higher. , we have some companies out with earnings rising on that fundamental news. A bit of a switch in tone. Sky works supplies apple. That company out with earnings that Beat Estimates and its outlook is for sales for the second half of the year better than estimated. E hunt with earnings jpmorgan says the decision to raise the revenue forecast strong memory demand environment. Fundamental reasons for these stocks to be up. General motors Beat Estimates. Sales ofseeing strong crossover vehicles. Elsewhere where we dont have the fundamental underpinnings is where we are seeing the swings. Bitcoin at one point going below 6,000 a piece, now going back t
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