Thanks for taking my question, you added a sentence into the statement about the course of the economy depends on the path of the virus is this do you feel this idea or view is not widely enough understood do you feel you had warned back in may that too early reopening or cautious reopening might harm the economy do you feel that message is not heard and some of these reopenings took place perhaps sooner than they should have i think we feel that it might be the most central fact or the most central driver of the economy is the virus were seeing that again. You saw that during the lockdown when we got cases way down you saw the economy reopening. You saw spending go up and hiring go up now that the cases have spiked again. Again, the early data, highfrequency data suggests that theres a slower pace of growth at least for now. We dont know how deep or how long that will be. Its such an important sentence, we just decided that it needed to be in our post meeting statement. Its so fundame
Committee in january of 2019 and i quote, the United States and the world will remain vulnerable to the next pandemic where large scale outbreak of contagious disease that could lead to massive rates of death and disability, severely affect the world economy, strain international resources, and increase calls from the United States for support. We must ask ourselves what are the warnings and what can we do right now to protect the American People from other threats. Before the unthinkable happens in the future, how can we exercise strategic and precisive foresight to the best of our ability today to ensure are a nation prepared for tomorrow. That same worldwide threat assessment Cyber Attacks is a top global threat with china, russia, iran, and north korea. Raging a silent war capable of shutting down with such Information Systems and critical sectors in america. The report states, and i quote, our adversaries and strategic competitors increasingly use the Cyber Capabilities including
New jersey, connecticut. That really added to things. It is still going on. Governor andrew cuomo on the screen speaking live right now. At the beginning of this, they cade a joint announcement. People coming into the tristate area from certain highrisk states would be ordered to quarantine for 14 days, when investors heard that, the market went another leg lower. Well cover it from all angles, starting with Jackie Deangelis in the new york newsroom. Like i said, jackie, things were not going great to begin with andth just added to it, right . Reporter exactly right, connell. There are is a twopart story. There was fear in the market about being spike in coronavirus cases across the country in certain states. That added to tension for investors. Were seeing a spike going into the summer. That was not predicted. Theyre thinking about what could happen if there is a second wave. That is the push and pull weve been experiencing in the marketplace. New york, new jersey, connecticut governo
Streets, shutting down a busy interstate and setting on fire the wendys where the incident began, a day after 27yearold Rayshard Brooks was shot to death after taking a taser from one of the officers. One officer has been fired. The police chief has resigned. We will have a live report from atlanta in a moment. Later in our sunday spotlight, a look at the movement generations in the making to change policing in america, after the death of george floyd. In our sunday closer, the time to look through your sunday mail as you tell us about collective scramble by hospitals the good you are seeing around to prepare for a new wave of you these days. Lets start with christine in coronavirus and the to virginia beach. Until people start traveling help. Again, the few people left later, we will revisit a s working are going above and beyond. Sales managers baking fresh samuel l. Jackson on growing up pastries, chefs working as to become one of the biggest box servers, Front Desk Associates offic
Comeback this summer. The Election Campaign getting back to Something Like normal. Its all part of the great opening up which continues rapidly. Georgia was the first. New numbers show that it has bounced back very very quickly. Its economy has. New jersey has lifted the stayathome order. New york city subways have seen a considerable increase in ridership. And the money from the government is finally flowing to business, and get this, Mortgage Applications are surging, too. Add it all up and it looks like a much stronger summer economy. That outlook helping the market. Caution, however. The Federal Reserve releases its first Economic Forecast in six months this afternoon. That could really move stock prices. But right now, we are seeing a Little Movement to the upside, up 50 for the dow, up about, what, 12 for the s p, and another solid gain for the nasdaq, up almost 1 again and back above 10,000. Its great to be back. My thanks to ashley, susan and lauren for working so hard while i