In may, it was revised to a gain of three million jobs. Initially a drop of 2. 75 million was reported for may. Thats a huge revision and a very bullish sign that the economy is ready to come back once it reopens. Also, by the way, we get the jobs report for june tomorrow. A gain of three million jobs is expected as the nation begins to open up and by the way, larry kudlow will join us on that very subject tomorrow morning. Do not miss it. We are seeing a battle, meantime, between government and business once again as cases of the virus rise in some areas. In houston, the mayor putting several businesses on a socalled wall of shame on the citys website after they defied lockdown orders. Those businesses, all bars, by the way, not happy at all. In arizona, a gym owner is suing the state over the order to shut down again and is vowing to remain open despite those orders from the governor. Confrontations are arising. Another battle as we head towards the long Holiday Weekend, whether or n
This is the w. Business im joined on in berlin thanks for joining us we start with the European Commission which has approved plans to set up a 500000000000 euro support fun for businesses affected by the Coronavirus Crisis the plan had been introduced by germany and is set to rescue the hardest hit economies in the block earlier this week that lowered its Economic Outlook and is now expecting a contraction of 8. 7 percent. Now speaking of the e. U. French train maker alice though is waiting for an e. U. Approval so that it can buy brigades rail union at state of course is the creation of a european champion to counter chinese dominance in the Railway Industry heres a look at the sectors key players. European Rolling Stock manufacturers face serious competition from china c. R. C. As the world leader with a turnover of over 20900000000 euro as the Chinese State owned john does business in more than 100 countries ill still was way behind in 2nd place number 3 is germany siemens the e. U
Nobody could do a damn thing about him. I started cussing him out. They were having a peaceful protest. Reporter she started a cell phone recording. Reporter the police trained their riot guns on her windows and fired. Reporter she collected 13 projectiles from her apartment. Rubber bullets and pepper stray pellets. Surveyed the damage, the gash in the bawall and broken blinds. Chante thomas was engaging in a protected activity. She was filming the police from her window. Reporter the San Jose Police chief declined interview, but someone was throwing bottles and other objects from that building and police had to protect themselves. Chante tells me she was homeless for years, and that she wouldnt do anything to risk losing her apartment. Were you throwing anything . Hervell, no. Im not going to try to lose my house. If i was going to throw something i would have. But i didnt throw nothing. Reporter a team from the Mayors Office helped clean up glass. The mayors Senior Policy Adviser wro
Market. Shareholdersas top supports a bailout today as bayer agrees to a settlement to put months into related liabilities behind it. Manus it has just gone 6 00 a. M. In london, 7 00 a. M. In paris and berlin. It comes down to this. 2. 5 drawdownll a on the s p 500 . Is that really a readjustment . The camera has just moved. What have they done to me . Nejra we will get you back in a moment. That drawdown that we saw of 500nd 2. 5 in the s p seemed to be a bit of a reality check in markets to the reality of a second wave. Not only that, the possibility of slowdowns. Restrictions happening in the northeast as well, certain parts of the u. S. Particularly at risk. Question the strength of the rebound or recovery, depending on whether you make a distinction. A lot of red on the screen. The Msci Asia Pacific index down. Futures. 28 low open as well but it does look like if we do see losses, they will be more muted than what we saw yesterday. A second day of dollar strength. Our guest this
Across the country in major cities. Seattle, chicago, minneapolis, also in new york city. Of course, all of this as protesters continue the call to defund the police. And staying in new york city, get ready for phase two. Restaurants allowed to reopen. But its all al fresco. Thats all right. The weathers good. You have to sit outside. By the way, another 300,000 people expected to return to work in the big apple. And President Trump officially restarting his 2020 campaign with a rally in tulsa, oklahoma, but there is controversy over crowd size. We are all over that story and so much more. We will get it going on Varney Company which begins now. Ashley all right. First things first. Ive got to get you to the very latest on the virus. Over 2. 2 million cases now here in the United States. This as those 12 states on your screen have seen a record spike in cases over the weekend. Susan li joins us on this monday morning. Susan, give us the numbers. Susan good morning. So the states that s