Say, someone who believed that things may not bottom. And i think hes switched. He may say its not in dramatic fashion because its near the middle of his piece, not at the top. I do believe what were seeing is a gigantic amount of liquidity put in by the fed, when it looked like things might go back down that mattered a lot. A lot of companies that dont have great credit are getting money. Thats important we saw the retailers go up last week it wasnt because retail sales were good, but because their credit was so bad, maybe they get a chance to raise money. Ge raising money a lot of companies are raising money that would not be able to raise money. That is going to be a major change to keep a lot of companies out of bankruptcy and in the same way that the oil deal might Keep Companies out of bankruptcy david, you know theres so much debt being issued now. And theres some opportunities for people who want to buy debt, but holy cow, is the government wide open to buying anything on thurs
Twice over 1st by a recession and now by coronavirus clubs how much of an impact will the pen demick have on society in the waning work we take a look at what happened after the spanish flu outbreak more than 100 years ago. Im sorry kelly welcome to the Program Germany could be on the way out of its coronavirus lock down the countrys Influential National academy of sciences has recommended that a starkey made on easing the restrictions imposed to contain the virus now the economy is 14 as the number of new confirmed cases in germany fell for the 3rd day running it also set the scene for consultations this week by chancellor Angela Merkel on what should happen after the current restrictions expire next sunday one of the main recommendations of the report is. That the primary and the secondary schools be allowed to gradually reopen they could soon be followed by shops stores and nightclubs restaurants would reopen next as long as their tables are placed further apart mouth nose protectio
Health workers across india doctors say grieving relatives of patients targeting them. Islam on the brink of even more despair the coronavirus fears for a desperately poor part of argentinas capital. With your sport origin time strike and carlos tevez thats called a nice fellow footballers to open up their wallets and help during the current coronavirus crisis. So that the economic devastation caused by a corona virus is becoming clearer with the United States announcing a major rise in the Unemployment Rate a record 6600000. 00 americans applied for Unemployment Benefits thats 3000000. 00 more than last week it is a similar story in spain a lot down there cause more than 800000 redundant. These in march many of them Seasonal Workers such as in the Tourism Industry the 3 and a host of 1000000 spaniards do not have a job and the number of british people applying for government benefits is 10 times higher than normal almost a 1000000 britons claimed universal credit in the last 2 weeks t
This of course, the saudis are flooding the world with oil right now. The russians, its not clear where the heck they are because theyre very secretive, but i know who is not there, the drivers. Theres very little demand david and i talk about this with you all the time, carl theres this overall sense, you know what, if we just get things moving, things will come back again. We need customers. We need customers to get their hair cut, to go to the dry cleaner, the restaurants, and we need customers on the road without them, i really dont care what president calls who, you need a tariff to keep the to keep the saudi oil from coming here, and you need the chinese to restockpile, and frankly, thats still not going to be enough to be able to make it so oil real demand goes higher good point yeah. Sorry, carl. 6 Million Barrels a day, jim, is what im hearing right now as we still try to adjust. Even know we know each others cadences so well 6 Million Barrels a day here and its not just not j
And Boris Johnson out there clapping for carers britains streets are filled with the falls right night for the National Health Service Workers. For the economic devastation caused by the krona virus is becoming clearer with the u. S. Announcing a major rise in the Unemployment Rates a record 6600000 americans a point for Unemployment Benefits for the 1st time in the past week thats 3000000 more than the week before some 10000000 people in total in the u. S. Still benefits in march there was a similar story over in spain the locked down there has cause more than 800000 redundancies last month many of them Seasonal Workers such as those in the hard hit Tourism Industry and 3 and a half 1000000 spaniards dont have a job or toll and the number of british people applying for government benefits is 10 times higher than normal almost a 1000000 brits claimed universal credit in the last c. Weeks and thats despite a stimulus package aimed at preventing layoffs well lets get more now on the situ