A recession than they generally like the any b r wrote about the situation saying the unprecedented magnitude of the decline in employment and production and its broad reach across the entire economy warrants the designation of this episode as a recession even if it turns out to be briefer than earlier contractions now economists generally define a recession as 2 consecutive quarter months of 2 consecutive quarters of Economic Contraction g. D. P. In the us has already fell by 5 percent in the 1st quarter of this year and the economy is expected to climb by a steeper margin in q 2 of 2020 lets get some expert analysis on this and and the state of the economy with todd morris chief strategist at bubba trading and cohost christiane who joins us from los angeles thank you both for being here today but i want to start with you now the end declared that the u. S. Recession began officially in february now this marks the fastest and b r has actually declared any recession. Is this a good thi
Thanks for having me back listen i put very little stock into what any account is really said because theyre not calling it until its already over and theyre sure on your show with you i said that were going into a recession back at the end of january it was easy to see that the years are to break down and of course then the buyers really kicked in and we saw the country shut down which is automatically by itself going to create some major problems creating a recession again this steve this is how fast they bond nobody really knows the answer to that and well see where we go from here but at the end of the day were going to start to see the country start to open again were seeing more action in the market and were seeing the actually people start to go to work so again if the virus stays away and we can continue to open and get the country fully open then the recession will be over however there are always the chances that we could have a rebuild this virus and they asked again and we
Speaking out on social justice what amazon and facebook are doing this morning stay ahead of the conversation youre watching Worldwide Exchange right here on cnbc. Good afternoon, and welcome from where ever in the world you may be watching. Could be another very, busy week in the markets and otherwise the big question today really for the markets is whether this incredible rebound rally will roll on. Futures right now are showing that it might. A price like that its the first record closing high since february 12th really number one optimism that the American Economy will recover faster than expected with data point ceos and all coming back quick. And trillions of dollars around and finally the old t trade, there is no alternative as bonds lose their luster. And bonds in the last few questions absolutely dumped. Investors selling treasuries and buying equities and of course moves inverse to price rose 40 last week from bonds from yields this weeks fed meeting will also be huge if ther
The designation of this episode as a recession even if it turns out to be briefer than earlier contractions now economists generally define a recession as 2 consecutive quarter months of 2 consecutive quarters of Economic Contraction g. D. P. In the us has already fell by 5 percent in the 1st quarter of this year and the economy is expected to climb by a steeper margin in q 2 of 2020 lets get some expert analysis on this and and the state of the economy with todd morris chief strategist at the trading and cohost christiane who joins us from los angeles thank you both for being here today but i want to start with you now the n b e r declared that the u. S. Recession began officially in february now this marks the fastest the n b r has actually declared any recession is this a good thing as the faster the drop usually the faster the bounce back. From a back listen i put very little stuff. To what any account is really said because theyre not calling it until its already over and theyre s
Right now on kpix5 and streaming on cbsn bay area, we are looking live from the Sales Force Tower camera as it look to the east, looking at the bay bridge there and oakland in the distance. Good morning, its tuesday, june 9th. Im michelle griego. And im len kiese. Mary lee has the forecast to start the day. Good morning. Good morning, len and michelle. Temperatures even warmer compared to yesterday with High Pressure building in. Usthe livelook this morning, r clear skies, and temperatures upper 40s to the 50s as we start off our tuesday. As we head through the afternoon, plenty of sunshine, not quite as breezy as yesterday. 74 in San Francisco. 80 in oakland. Highs 8 to 10 degrees above average. We will have more in a few minutes. Im anne makovec at the live news desk. The west nile virus has been found in parts of milpeda. They are now planning treatments for thursday. The positive tests they had in the area of 95035. Thats the zip code. 95035, mosquitoes testing positive. The area w