With the dow gaining 6. 8 there has been some controversy about that too explain whats going on behind the numbers. In terms of how many jobs have been lost during the pandemic. Its fifth positive session. Its been up five sessions in a row. Its indicated higher and the 6th day of the week. That was up by 6. 8 . S p was up by 82 points. And then the nasdaq was up by 2 almost 200 points. The s p indicated up by 6. 5. And treasury yields and did see quite a bit of activity there too. The ten year yield picking up substantially last week and this morning its back at 0. 91 i cant remember the last time we had a ten year above 0. 8 let alone 0. 9. It could be a round number some day not that far 1 maybe cross your fingers. Oil too is almost 40. Oil looks like a bad break looks like it went down and it is such a quick one right back up and almost to the levels where it was almost prior to this the journal has the piece when the spiggots are opening here today. We have a huge show again today
Executive order targeting social Media Companies at the white house. Were waiting for that as well. Fox Business Team coverage. Blake burman with the latest from the president. Lauren simonetti watching markets. Hillary vaughn and Edward Lawrence in washington. Lets kick it off with blake. Reporter hi, there, connell and melissa. What is important what is happening right now in the oval office with President Trump as it relates to this executive order and social Media Companies is, that the attorney general bill barr is there. So you have got President Trump, the attorney general and as we are going through the notes here as this is happening, what the administration, the president and his ag, are taking aim at is section 230 of the Communications Decency act. It appears as if as well that the president according to the notes is going to try to insure somehow that taxpayer dollars necessarily dont flow into these social Media Companies. That we await to see the exact comments that the
Any information on the coronavirus or any other science topic you should really check out our podcast you can get it wherever you get your podcast you can also find us at dot com slash science. Millions more file for Unemployment Benefits in the u. S. Its the most dramatic jobs downturn since the Great Depression brother cut slowing and will the gradual reopening of businesses help to get the latest from new york. Also coming up well visit a german machine maker thats now switching gears to help stem the spread of covert 19. And calling all nurses will look at an app thats pushing for all hands on deck in the pandemic fight. This is your Business Report im stephen beards in berlin its good to have you with us. Another 3000000 workers in the u. S. Filed for Unemployment Benefits last week adding to the Staggering Number of jobless in the country but continuing the downward trend the 1st filings more than 36000000 workers in the u. S. Have filed for the benefits since the beginning of th
Anchor off the philippines but the proof is not being allowed off. Look at the challenge of palin false information about socalled cures for the corner virus in africa. Lissa their Economic Impact of chronic virus around the world is becoming more Clear International Monetary Fund has forecast the biggest global contraction since the Great Depression so lets take a look at some of the details the bank of england expects the u. K. s Economic Production to slump by 14 percent this year and unemployment to rise to 8 percent European Unions been warned to brace for its worst ever recession with the economy tipped to shrink by 7. 4 percent after years of growth in the u. S. 30000000 people are filed for unemployment in just 6 weeks according as think g. D. P. Could fall by 30 percent there are signs of recovery though in china exports rose for the 1st time this year by 3 and a half percent after many factories reopened 20 years in beijing with more on how chinas trade industry has moved on
Experts call for reforms to combat organized crime. And joining us are oscar with sport and it is confirmed germanys been just legal will restart next saturday becoming the 1st European Football League to resume amid the crowd if i respond to any. We get in the United States with figures just released show almost 3200000. 00 people have filed for Unemployment Benefits it keeps april on track to be the worst month for job losses on record more than 33000000 people have filed for unemployment in just the past 7 weeks and economists say Economic Growth could plummet by 30 percent in the 2nd quarter when the u. K. The picture is also bleak the bank of england expects the u. K. s economic output to shrink by 14 percent this year and unemployment to rise to 8 percent meanwhile the European Unions been warned to brace for its worst ever recession the economy tips to slump by 7. 4 percent after years of growth figures from china suggesting a different picture their exports rose in april for th