Challenges theyre facing in q2 from a production standpoint we think it might there may be a few things at work here. The pain from having production shutdown is clearly, you know, probably more than an annoyance. I think people signing up to the tesla dream longer term dont doubt tesla has the liquidity to ride it out and could access more without a problem but i think elon, part of his part of his style has been kind of lets play to win, a play to win strategy, a play to dominant with, how can i say it, wanton disregard for traditional business communication norms and while that will ruffle some feathers along the way, many investors absolutely adore that and see that as a strength so investors, in a way, the starting up earlier and mitigating the cash burn with the potential liability that all auto makers face by maybe starting too early and contributing to some persontoperson contagion so it sounds like i mean, absolutely i think everybody agrees with you that his ability to play t
Nasdaq was up 62 and s p 11. Last Economic Impact of the virus as more businesses look to reopen a new report revealed it could take ten years for the u. S. Economy to recover from the pandemic, mornings with maria is live right now. Maria Global Markets this morning are moving higher, cac quarante in paris is up 86 and dax index in germany 406 points, 3 and a half percent higher, dax in germany rallied after being closed for the holiday yesterday. In uk Small Businesses hit with coronavirus, borrowed 26 billion through month of may. Check asian green across the board, take a look, kospi better than 1 , best performer was in japan up 1. 9 . Now some of the top stories that we are watching this morning. Chaos despite curfews, americas largest cities still talc victim to looters even as police and the National Guard ramp up presence across the country, protestors forcing into macys Flagship Store in new york city overnight. It had been boarded up. 3 people have been arrested so far. Loot
2027488000 . If you were recently furloughed, you are temporarily networking, 2027488001 . We wanttill have a job, to know at 2027488002 . If you do not fit into any of those categories but you have an callon, it is important 2027488003 . Us youralso text opinion at 2027488003 and we are always reading on cspan facebook and twitter. Yesterdayoyment rate was one of the worst of our lifetime with 14. 7 of americans 25 million jobs lost in april alone. Some economists say that is lower than what the reality is. President donald trump was at the white house yesterday and he met with gop members and was asked about the unemployment figures. Heres what he had to say. [video clip] where you expect to see the unemployment numbers . I think they are going to go way up in the statement kevin made his incredible. Everybody expects to have a job back shortly. Deepo into a bad economy, recession, or worse and nobody expects to have a job. I saw that chart. Body expects they will have a job. We did
The Unemployment Rate and job support yesterday was one of the worst of our lifetime. With 14. 7 percent of americas unemployed and 20. 5 million jobs lost in april alone. Some economists say those numbers are lower than what the reality is right now. President donald trump was at the white house yesterday and he met with gop members of congress. Asked about the unemployment numbers. Here is what he had to say. Where do you expect to see the unemployment numbers . I think the unemployment numbers are going to go way up. Wasstatement kevin made incredible. Everyone expects to have their job back very shortly. Bad economy, bad, deep recession or worse, nobody expects to have a job ever again. I saw the chart. Almost everybody expects that they will be working again. This was an artificial turning off of a tremendous economy. We did the right thing because we saved millions of lives. This was all of a sudden, one day we had to turn it off. I think its going to come back lazing. I think ne
21. 5 Million People lost their jobs in april. Oil prices have also been higher last check of wti saw it just above 24. Thats a began of about 3 that link between oil and stock market futures has been strong too. It has been very, very strong it is interesting. It has been strong on the way up the question is was it strong on the way down it is interesting to think what has been driving what . It has been stuck here. It is up 11 the next morning it is 26 and then 23 again. At the end of the session, it seemed to go back. Weve been holding at 24 24, 25 that seems to be enough. These futures are up 250 points every morning. At the end of the day, weve given it back. We are up to 250 again are you kidding me, china, if we are being nice about trade, thats enough to send the markets up again we are back to that . At least it takes the threat off the table. If you start adding tariffs on, i wonder what happens. Earlier this week, all of this harsh rhetoric. We talked about it yesterday, wha