And twitter adds a fact check donaldor u. S. President trump for the first time. He accuses the media giant of stifling free speech. Manus just on 6 00 a. M. In london. I dont have a big enough following for a fact check. Good morning. Economic risk, Political Risk, and earnings risk. Right now, the markets are ignoring Political Risk, whether they are right or wrong, but they are certainly focused on economic risk. Jamie dimon embolden us with his comments of a fairly rapid economic recovery. He and bullard have come down towards 10 unemployment. I want to remind you 10 unemployment was the top of the Global Financial crisis. I know the stimulus is different, but these are very bullish economic record pieces that inflame the mood this morning. Good morning. Nejra good morning. Yes, it is really interesting with jamie dimons focus, versus what we saw in 20082009. That leads people to question at this point when we do see the rally continuing in risk assets, particularly equities, with
Time to lessen the economic pain, which we are clearly suffering. Meanwhile, fox news has blown the lid off the china virus story. Reliable sources suggest the virus began at a virology lab in wuhan, china. Patient zero, the first person to get it, was a lab worker who went out into the city and spread the virus from there. Now, the chinese authorities covered it up. They delayed action. They altered data and suppressed doctors and journalists who reported the truth. The story is an indictment of china and the communist authorities. It will dramatically change the u. S. china relationship. Heres how the markets reacting to all of this. We got bad news on manufacturing in the philadelphia and new york area. We got a sharp drop in Housing Starts. And weve got those dreadful jobless numbers. But the dow is going to open on the upside, maybe up 90 points. Thats almost a half percentage point. Same story for the nasdaq and also, look at the nasdaq, actually, thats going to be up more than 1
Our schedules. Were also making sure the companies that are Good Companies stay solvent and have the money necessary to keep functioning. We have a lot of things were working on with Financial Markets and its going to work out fine you have to remember the stock market is much higher. Its taken a big hit its going to all bounce back and its going to bounce back at the right time when will you decide for the American Workers were deciding right now. Were dealing prior to even the stafford act were dealing with the democrats in congress. Well see what can be done i happen to think a payroll tax cut would be a very good idea. Very distributed to really distributes it very evenly among middle class and other workers it would be a great thing. I happen to think it would be a great thing beyond this. Were looking at the payroll tax cut and that wont come immediately because thats a stronger measure but we are looking to do that i think at the right Time Congress will probably go along with i
Shares tumble as the Education Company announces the departure of the cfo and also leaving, telling cnbc, there are good reasons for the change hes at a different and earlier stage of his career. There are good and personal reasons why hes made the decision he has. British recruiter hayes citing tough Market Conditions renaults chairman says there is a strong desire to make the automakers partnership with nissan work and there is no stress to appoint a new ceo in the near term. Welcome to the show a lot to get through lets start with the Monthly Oil Report to bring you some of the headlines there. Global oil demand rose by 955,000 Barrels Per Day yearon year to 101 Million Barrels in october. Keeping Oil Demand Growth for 1. 2 Million Barrels a day on higher trade growth. No change on the oil demand front. Global oil supply fell in december due to saudi cuts and seasonal decline of biofuels some interesting commentary around the geopolitical tension, iea also saying the oil market has