Benefits, is this the fabled v shape recovery that so many people were hoping for well, thats what the markets saying even as the average didnt do much, dow inching up 12 points, s p climbed 3. 4 , nasdaq losing 6. 4 see, thats the problem. I think were looking at a vshaped recovery, but its a vshaped recovery in the stock market and that has almost nothing to do with the vshaped recovery in the economy. Prosper when you look at the nasdaq 100, the tech heavy index that hit an alltime high today, it doesnt seem indicative of the broader jobs picture airlines and hotels and casinos put in the less bad catery, less bad a than we thought, a trend that could last people do fast gaming. It does peter out. Its musical chairs. How can the market rebound without the economy . Because the market doesnt represent the economy. It represents the future of big business the bigger the business, the more it moves the averages and that matters because this is the first recession where big business alo
A stop to those surveillance powers all right its time to boost your i. Q. Ever since the coronavirus pandemic forced stay at home orders which ultimately led to the shutdown of a lot of businesses congress has passed several relief measures aimed at getting americans back on their feet but after trillions of dollars got rubberstamp prove the country as a whole is nowhere near reopening and americans are becoming impatient with elected leaders and today the u. S. Treasury secretary and the Federal Reserve chairman were grilled by members of the Senate Banking committee wanting to know where all that money went arties Rachel Blevins has been monitoring the hearings today and shes joining us now. What is the current status of these loan programs for businesses and local governments so todays hearing mark the 1st time that officials were questioned by the Senate Banking committee on that 2. 00 trillion dollar cares act that was passed and the hearing was held remotely in order to abide by
Over the redeployment of nukes and that poland at the move which interestingly enough is also being criticized by some American Institutions all right its hard to believe i hear. Ever since the coronavirus forced americans to stay home that obviously led to the shutdown of a lot of businesses and congress has since passed several relief measures aimed at getting americans back on their feet but after trillions of dollars got rubber stamp approvals the country as a whole is really nowhere near reopening and americans are becoming impatient with elected leaders well today the u. S. Treasury secretary and the Federal Reserve chairman were grilled by members of the Senate Banking committee wanting to know where all that money went. Rachel blevins has been monitoring those hearings she is joining us now with the details as a rachel how did these hearings actually play out well this marks the 1st time that Administration Officials were questioned on the results of that 2. 00 trillion dollars
Dogs to sniff out coronavirus in humans will it work details next all right its time to hear you and i. Ever since the coronavirus forced americans to stay home that obviously led to the shutdown of a lot of businesses and congress has since passed several relief measures aimed at getting americans back on their feet but after trillions of dollars got rubber stamp approvals the country as a whole is really nowhere near reopening and americans are becoming impatient with elected leaders well today the u. S. Treasury secretary and the Federal Reserve chairman were grilled by members of the Senate Banking committee wanting to know where all that money went arties Rachel Blevins has been monitoring those hearings shes joining us now with the details as a ritual how did these hearings actually play. Now well this marks the 1st time that Administration Officials were questioned on the results of that 2. 00 trillion dollar carries out and it was also the 1st time a hearing was held remotely f
Is enormous. And when. I need to stop theres something wrong with. The cleaners social medias shadow industry starts tonight on g. W. Big corporations weigh in on protests in the us sort of netflix and nike have to say about the killing of a black american by police and how seriously should we take them take a look. Also on the show socialist venezuela turns to private gas stations to solve its fuel shortages. And also trillion wine producers repave bitter harvest following last years bushfires. This is your Business Report im stephen bears in berlin its good to have. With us now netflix us just some of the corporations sounding off about last weeks killing of African American george floyd by police and aligning themselves with protesters Netflix Netflix rather posting on twitter over the weekend to be silent is to be complicit departments or nordstrom said that it is deeply saddened and angered nike meanwhile saying dont do it excusing racism that is Many Companies are supporting the