What was earlier in the day in the labor market data. 5. 5 million is well above where we were pretty covid. Continuing claims still elevated above where they were a year ago , putting a dampener on the recent equity rallies we have been seeing in the dollar, part of a broader move across anancial markets to price in brighter economic prospect for 2021. Fromased interest republicans, raising a chance for a deal by the end of the year. Underneath it all, is the job weket losing steam and can wait for stimulus once again . Joe we will learn more about the job market tomorrow and talk about it more later in the show, but in the meantime maybe, maybe. The stimulus is going to happen. There seems to be some convergence among a handful of players around the deal, somewhere in the range of 900 billion, gop senators picking it up. Whats unclear is whether mcconnell was into it, the white house was into it. The Lindsey Graham thing today, he thought the white house would get there but that is a
The merchandise. This is chriss book. As soon as were finished go get a copy one way or another. I watched the gestation of this book. I remembersh a powerful lecture that christa gave two years ago in aspen where we are virtually, talking about the need for defense modernization. It was a startling wakeup call. I ate it writing a column about it. It began a conversation with chris that was part of his effort to develop this book and the arguments in it. So i want to ask chris take us all on the journey has been on and yet shared some with over the years. The book starts if you have read it yet with a really chilling account of whatth would happen n the first hours and days of a war with china and our maybe thats a good place to start explaining to people why we have a problem with it comes to defense technology. Thank you, david. I preshould you taking the time to do this and appreciate your friendship, guides throughout the sole process. Its been invaluable to me. The story begins fo
Potential conflicts. This is 50 minutes. I want you to soon as you finish, to get a copy, i watched the gestation of this book, and i remember a powerful lecture that chris game, talking about the need for defense monetization, it was a startling wakeup call, i wrote a column about it. It began a conversation with of hishat was part efforts to develop this book and the arguments in it. I want to ask chris to take us all on the journey he has been on, and he shared some with me over the years. The book starts with a chilling account of what would happen in the first hours and days of a war with china in and maybe that is a good place to start explaining to people why we have a problem when it comes to the current technology. Chris thank you, i appreciate the time to do this and your friendship and guidance, it has been invaluable. The story begins fermi me in the time that i spent on the Armed Service committee for the better part of the decade, supporting this of the committee and sena
About 2. 4 you are looking at additional declines the dow has improved we were down about 443 now we are indicated down about 366. S p futures indicated down about 32 all major averages saw declines but the dow was the biggest. S p off by 1. 8 . Nasdaq down by just 1 yesterday. A lot of it as we watched oil prices under pressure. Lets check thetreasury market 10year yielding below 0. 6 at 0. 0. 58 . Oil prices yesterday, nobody has ever seen anything like this no. Lead story went to minus 37. 63 a barrel. No place to put it people would like to store it. More people watching june switch over june is not much better obviously. No. I was shocked how much pressure that is under too. Big gain of 80 . Futures, strange things happen not everybody Takes Delivery reflecting the lack of capacity. I think peak oil might have been maybe not a real thing going back we are a wash in oil. Understanding all of the oil not being used crude delivery closed at 18. 27 and went to minus 37. 63 means selle
As always, we will take your calls and you can join the conversation on facebook and twitter. Washington journal is next. Host good morning, it is monday , april 6, 2020. The u. S. President warned americans to prepare for a pivotal week, with the Surgeon General drawing comparisons to the 1941 pearl harbor attack in the 9 11 terror attacks to describe the dark days likely ahead. This morning we are doing what we always do, opening up our phone lines and letting you talk about it. If you are in the eastern or central time zones, text messagesand this morning, if you would like to join us that way, the number is 2027488003. If you do, please include your name and where you are from. You can get us on twitter cspanwj and on facebook at facebook. Com cspan. Good monday morning, the front page of usa today with a picture of Surgeon General jerome adams on meet the press yesterday when he was asked about of the advice he has given to governors who have not issued stayathome orders. Say. Is