I think we need to start listening to each other and talking to each other more and we will go live now to a discussion with steve scalise, political reporter robert costa will ask about Convention Coverage and president ial politics. Robert good afternoon. I am a national reppo knuckle a National Political reporter. Afternoon iss representative steve scalise, House Minority whip, part of the Republican Leadership, republican from louisiana. Good to be with you. Rep. Scalise good to be with you. Is a lot going on in your state, some tough news with hurricane laura. What is the latest in your district and how is Congress Going to respond . Rep. Scalise we saw two storms last week, what ended up being Tropical Storm arco which was projected to hit the west end of my district, then you had hurricane laura, which was projected to hit the east side of my district. Storms change over the days and laurafizzled out but now is a category three, potentially category for when it hits ground. It i
Last week. That means 38. 9 Million People have been thrown on to the unemployment lines in the last eight weeks. 38. 64 million to be precise. The only bright spot is the weekly claims have consistently come down. That implies that the layoff trend has already hit bottom. Heres the markets reaction to all of this. The dow at the moment is on the down side but not much by. Youre looking at 60 points lower. Youre looking at the nasdaq down about 16. Small losses across the board. Helping the market, astrazeneca, working with Oxford University, they have announced progress on a vaccine. They will do phase three trials with 30,000 american patients in july. If it works, they say they could deliver 300 million doses by the early fall. Then weve got three stories about open up and open up now. 600 doctors delivered a letter to the president outlining the Severe Health costs of the lockdown. They call it a mass casualty incident. Open up, they say. The front page of the New York Post blares
Earnings from continuing operations was just 0. 10. Terrible numbers from certain sectors. Iously, retail search obviously, retail front and center. Market, kind of a mixed bag. Terrible data, yet equities tried to stage a rally earlier. Now futures flipping into more negative territory. Definitely the eurodollar and dollaryen are two to watch today. The yen was significantly higher thats butt all dies all eyes really on retail data later. Lets get some more market moving news from our new york and brussels teams. We want to start in the u. S. , where we are expecting more of that dire economic data. Many nonessential stores are closed. We also get Industrial Production. Michael mckee, International Policy and economics correspondent, joins us now. Michael i will give you guidance for the year, dismal. It is only a question of how bad they are going to be. Retail shrank by 8. 7 in march, when things were just getting started. In april, americans spent all of the time at home, not going
Only a partial victory and a state of emergency in New South Wales as australias bushfire crisis continues a record breaking heat wave and strong winds are fanning unprecedented fires and authorities are warning of the worsening conditions over the coming days. Im carl aspen welcome to the Program Donald Trump is now just the 3rd u. S. President in history to be impeached the u. S. House of representatives has voted on 2 charges stemming from trumps alleged attempt to pressure ukraine into investigating his main political rival joe biden both votes fell along party lines almost all democrats voted for the charges republicans voted unanimously against them this paves the way for a senate trial which will decide whether the president. Will be removed from office. After hours of debating the 1st article of impeachment for abuse of power past the hives. On this vote the yeas are 230 the nasal 197 present is one. Article one is adopted and just minutes later the 2nd article for obstruction
Intelligence analyst, looking at a 5. 3 times price to sales basis for 2020. This is higher than netflix, which trades at 4. 7, and apple, which trades at 3. 7 times price to sale. As you know, here in San Francisco, tons of conversations about valuation, Corporate Governance, i spoke with dean munson and he said he likes the peloton filing much more than the wework filing. He liked the way they were transparent. From his perspective, it seemed like they were more transparent than other Companies Like we work. David you know better than i it is all about growth in Corporate Governance with these ipos. Where does future growth come from . Taylor continuing to expand in areas like hotel. They only tapped a little but of that market on the hardware side with the bikes and treadmills. Continuing to get those monthly subscriptions for about 39 a month. I love that you mentioned growth because we are speaking to brumberg tech who has been analyzing this stock. He likes the Topline Revenue gr