Last 10 years. That doesnt get it done. Guess what . Job cuts. Lisa how much more can Central Banks do to juice job growth at a time of zero Interest Rates . I find it fascinating that coke is offering voluntary separation programs with its employees, read, job cuts. More interestingly, yesterday salesforce. Com, one of the winners of this, and also job cuts. Tom cocacola managing the message as they always do. I dont know what their cute phrases for firings. Lisa separations. Tom exactly. That is just as phony as all of the rest of the. What is so important in that set of announcements across the bloomberg, as they make clear this is an International Strategy to right size on 86,000 employees right now, what we really need is a morning brief. Where you start . Lisa at 8 30, ancient history, which is u. S. July income and spending data for individuals. This is very backward looking based on how quickly the jobless benefits are running out and the changing scenario. We are also going to
Thats the anxiety indicator, if you like. This morning, the yield is back up to 1. 00 . Ashley back up. Stuart back up, thats right. Well above the extraordinary lows that we hit yesterday. That would be record lows that we did touch yesterday. 1 even on the tenyear treasury. How about the price of gold, another flight to safety. Actually its down again, off two bucks at 1641. Okay. The primaries. A great night for joe biden. He won nine states including texas. He now has more delegates than bernie. Sanders did win california, but late deciders swarmed to biden. Bernie might not have won california if the two million early voters had just waited. Bloomberg did very badly, only winning American Samoa. His campaign is quote, evaluating its future. One of my colleagues at fox said never had anyone spent so much to achieve so little. Elizabeth warren, ultimate disaster, third in her home state of massachusetts, fourth in her native state, oklahoma. It was joes night. Hes back as a contende
The market selloff continues and so does the search for a safe haven, the spreading virus is the main factor, dow industrials down 400 points at the opening bell, this is shaping up to be the worst week for the dow since the financial crisis of 2008. S p down 50, one. 5 or more and the nasdaq down 2 at the opening bell. The president has offered reassurance about the virus, quote, the risk to the American People remains very low. We are ready to do whatever we have to as the disease spreads. Now comes news of an unexplained case of the coronavirus in california. The patient did not travel to a virus hotspot and was not in contact with a known virus carrier. In other words it is here. Oversees dramatic action in japan. They closed all the schools until april. In italy, 528 cases at least, 12 that. Iran finally doing something. Having refused to quarantine towns or cities they suggested less unnecessary travel. Listen to what the president said about the Market Reaction. I think the stoc
Sara eisen happy monday. Happy monday to you the Global Market picture pointing higher off the back of a nice end to the week on friday we saw about 0. 5 of gains for the dow and s p, on. 4 for the nasdaq, meaning the nasdaq ended just negative for the week the dow and s p gained 0. 4 for the week and financials the best up today up 35 for the dow, the nasdaq is up 4, the s p up 3 tenyear treasury, we saw a riskon move, closer to 2. 4 again, 2. 37 , but in general, not much happening there last week on the yield front. Bitcoin futures going live last night and cryptocurrencies took another leg higher. Well have more on the latest move coming up, but as you can see, the latest price, 17,600, up 13 on the cboe exchange. They started at 6 00 p. M. Last night. There were a few outages, but ultimately, the price remained well supported with this liquidity event which is a positive, at least in the short term. It will be interesting to see how this goes. Then weve got the cme futures launchi
Announcer sundays at 7 p. M. Eastern on oral his trees a series of six interviews with prominent photojournalist. Today a conversation with Frank Johnston about his fear about his career. When they brought oswald out he was within three feet of me, when jack ruby who leapt up from behind me and went between bob jackson and i fired the gun. We were all thrown to the floor because there mustve been 100 police in that basement that sunday morning. Watch our footage interviews on oral histories, sundays at 7 p. M. Eastern on American History tv on cspan3. American history tv is on cspan3 every weekend, featuring museum to worse, archival films and programs on the presidency, the civil war and more. Here is a clip from a recent program. Started,he civil war there really was no state in the country that was more prepared for the civil war than kansas. They had been through all of this bleeding kansas. Was thatinteresting kansas provided more soldiers per capita and had more casualties were c