Is always virus lurking and last week it took installing the markets. Corporations are upping their expectations to earnings. We might get back to fundamentals at some point. Happens hopefully that because that is what it all comes down to, the u. S. Corporate profit outlook. With the virus still lurking, and the idea we are still in the first wave that hit new york first and is now spreading around the country, that has to make it difficult for countries to plan for the future. To the degree they are able to bring up assets for the future, they were brought down. Still lots of uncertainty. It is one of the cases where the proof will be in the pudding. Lets see how many stores look at apple closing their stores. Lets see how the reopening process goes, lets see how the payrolls report coming out thursday goes for the month of june. So much data, so much uncertainty, quite some time before we have a clear picture. Hopefully we do have a reconnection to what you are talking about, move b
Utish, inry, br short. Where was the social contract for george floyd . Where was the social contract for Breonna Taylor . Where was the social contract for tamia for tamir r ice . Put simply, for black americans, the social contract is always been contaminated by racism and white super missy, the nations original sin White Supremacy, the nations original sin. A black american has more than doubled the chance of being killed by the police as a white american. Police encounters are a leading cause of death for young black men. The problems of Police Brutality we confront today reflects the persistence of embedded Structural Racism in our country. Violent White Supremacy is the real deep state that we must uproot and discard in america. Yes, my friends across the aisle have been in search for it for several years right now. Racism is the real deep state in america. Violent White Supremacy dominated our country for an entire century, and the Supreme Court did nothing other than constituti
Surging this morning. Away from that, a jumble of news as we try to reframe for the second half of 2020. Francine we will look at the second half of 2020 shortly. Lets get straight to the bloomberg first word news. Morning. Accountd south america from is two thirds of a new coronavirus cases and the latest reports. The death toll in brazil has now passed 50,000. There were a record 4500 new cases until or near. Florida reported more than 4000 cases on saturday, also a record. Back in england, Andrew Bailey has signaled a major shift in the strategy for removing emergency stimulus. Tos stressing the need reduce the Central Bank Balance sheet before raising Interest Rates. He has an oped in bloomberg opinion. He says this would give them more firepower in future crises. The disappointing turnout at was just the latest warning sign for his campaigns. Criticismrshadowed by about the pandemic in the protest against police brutality. The president has fallen behind joe biden in National Poll
He wants to ignore any allegation against russia and its president Vladimir Putin the Washington Post has reported that several american soldiers are believed to have died because of the Russia Program the White House Press secretary has reiterated that trump was not briefed on the alleged russian bounties there is no consensus within the Intelligence Community on these allegations and. In effect there are dissenting opinions from some in the Intelligence Community with regards to the veracity of whats being reported on the veracity of the underlying allegations continue to be evaluated glen karl is a former Deputy National Intelligence Officer for transnational sorites with the cia he says the information would have been conveyed to the president. He spent my career doing this and i know how things are funneled up the chain of command or what kind of things are in something of this importance would absolutely be briefed to the white house now did a cia officer sit down and speak direc
West more than 2300000 americans have been infected and about 122000 have to alan fisher is following developments in washington and has more on president trumps response. You remember that donald trump said that he ordered his staff to start slowing down on testing because they were getting too many cases the white house then said it was a joke that wasnt the case donald trump said he never jokes and then we had from the Administration Just on whedons day that they were going to essentially do away with federal testing in many areas no that has provoked a backlash particularly from the 2 senators down in texas who are seeing a huge surge in the number of cases they say that perhaps the Administration Needs to rethink that at the moment donald trump hasnt made any comment on that but its the sort of thing he tends to back away from when he realizes theres a backlash that might actually impact republicans and so that may well be rethought lotty kudlow whos a Senior Advisor to the presid