Platform, facebook shares are plunges as the cash cow of an advertising machine takes a public hit dow is down 750 coming up on todays show, a recession unlike any weve seen before the imf shocking the Investment Community with a huge negative revision to the forecast we have an exclusive interview with the managing director of the imf. You do not want to miss that lets focus in on the big stories with 59 minutes left of trading. Mike santoli following the plunge phil lebeau tracking the fall in Airline Stocks the ceos meet at the white house today. And meg terrell has the surge in coronavirus cases and rethinking of the reopenings happening across the country lets start with you, mike, on the selloff. What are you seeing . Well, sarah remember back in february, march, almost every friday it seems like the market backed off. A little nervous what might come over the weekend it feels familiar with that today. In the context of what june is, a corrective phase its been training in a rang
Lineup of guests coming. Federal reserve vice chairman will join us exclusively in a few minutes for his first interview since last weeks fed meeting. Well also pespeak with the ceoo human there is a and a massive afternoon of earnings headlined by disney, ea, beyond meat and activision and well peek with actvisions ceo ahead of his Earnings Calls after the numbers come out as i said, were at 1. 9 with 59 minutes left lets moex fowlkes on the big stories. Meg has new developments on the treatment and vaccine front but mike, lets kick things off with you in the markets yeah, another day of fairly orderly levation in the indexes. Today its a broader rally even though its been led by the big tech stocks. A chart of the s p going 50 0 going back a year, were back up to the upper end of this crash levels last september, october, sort of going back to early 2018, an area where we gave a little friction to the rallies, but clearly, a market is acting as if big investors feel u underexposed to
To take part in demonstrations such as this rally last summer are increasingly branded as extremists who then face the full force of the world thats only a cone on found out at 1st hand what it means to get on the wrong side of the system when her son was taken into detention now and italian and other mothers who founded a Campaign Group to take up the battle against what they see as arbitrary injustice and monstrous sentences. That conan is a fighter as she had towards the courthouse in northern moscow with her son daniel her determination is palpable a strip of polka dot cloth is the symbol of her Movement Mothers against Political Prisoners several individual protesters stand in solidarity for the accused outside the courthouse they say this is a show trial. Ecord list news and Maxine Martin soft have been accused of kicking a Police Officer at a protest last summer both men insist they are innocent but the Court Rejects their appeal and sentences them to several years in a prison c
Before, and indeed is doing right now with the boston fed itself, running a special fund to back up money markets he says that regulatory changes will allow restructured loans from the banks can be brought to the Federal Reserve and be funded that way, and wont be frowned upon by supervisors, so kind of an encourage from the Bank Survivors to get to the to work with their customers and restructure loans. Finally, says its the need to support essential workers and its the best of times here for the public spirit here let me just talk about this rising unemployment rise dramatically were only looking for 0. 2 of an increase in the friday jobs report, but thats not going to pick up whatwear seeing in the more frequent data we had north of 3 million claims last week. Expectation for tomorrow is north of 3 million as well both of those together would raise the Unemployment Rate quite a bit by itself. So were looking beyond the data, tyler and kelly, because its not necessarily going to pick
And china signed a pact which will see beijing buy more American Products in return for greater access to its markets but questions remain over when the greater part of the tariffs imposed by washington will be lifted. By broadcasting live direct from our studios in moscow this is our International Thomas glad to have you with. There to be a new Prime Minister and a government russia in a day of major upheaval in the countrys political system the president nominated the head of the federal tax service for the post of pm the head of that outgoing Prime Minister Dmitry Medvedev announced his government had resigned and that itself was in response to president putin suggesting it meant to the constitution effectively limiting his own powers and transferring them to Parliament Earlier my colleague you know neil discussed all of that with our correspondent maria for an ocean starting with more on the premiere to be. Saying i mean he was born in 1906 here in moscow hes married have 3 sons an