After jay powell made down beat comments about the economy just as coronavirus cases were spiking in the south and the west today the fed chief once again made it clear that the economy remains weak and were seeing more gigantic coronavirus spikes in the south and west this time the dow surged 527 points as it jumped 1. 90 , nasdaq pole vaulted 1. 57 . How is this possible how is it possible goes down gigantically, same thing, next time goes up two key differences. First the fed is planning to buy individual Corporate Bonds to ensure Companies Stay afloat if we had survival of the f fittest, powell is doing everything to limit carnage, survival of everybody. Second, we had the biggest sales gain in history up 17 in may. That sounds very vish we have a super accommodating fed at the same time were Getting Better data which means the recovery has staying power and almost broke oil company or restaurant chain wants to issue bonds, the fed would probably buy them i know there are a lot of
Have the whole media eyes neck it is definitely not something our new morning and Atlanta Police officers have been fired for using Excessive Force on protesters riot police surrounded a car with a couple inside if you watch this footage you can see the officer slashed their tires approached their windows and tase them and they did not appear to be resisting in any way then they were pulled from the car put on the ground and handcuffed. I think is Law Enforcement if we are ever going to get out of this base that we are in today we have to recognize that our behaviors cannot consistently be pardoned because we are Law Enforcement. These these are good guys i know them as individuals ive worked with one for over 20 years. But they made that level of mistake that cannot be rolled bath. Place minneapolis have arrested several people for curfew violations they nationwide and i started there and george floyd a black man died while being restrained by a white Police Officer more than 4000 peo
Ensuring the autonomy of hong kong. The United States wants an open and constructive relationship with china but its even that relationship requires us to vigorously defend our National Interests the Chinese Government has continually violated its promises to us and so many other nations. These plain facts could not be overlooked or swept aside the Minneapolis Police officer who nailed on the neck of an unarmed black man who died has been charged with his murder derek children handed himself in to Police Officer 3 days of violent protests over the death of george floyd the entrance to a Police Station in minneapolis was set on fire arson loosing and vandalism was seen across the city a small crowd of demonstrators also gathered near a home belonging to the Police Officer in florida minnesotas governor has pleaded for calm and promised justice will be served Alison Herrera is a journalist in minneapolis shes described the mood in the city. People were cleaning up were going blasts a lot
Citys new curfew beginning 8 pm some protesters responded by setting buildings on fire hundreds of others continued to peacefully protest the death of a black man george floyd after his arrest by a white policeman. Also severely children who was fired shortly after floyds arrest on monday d has now been charged with his murder but its made little difference on the citys turbulent south sunne demonstrators defied the curfew and a large deployment of the National Guard some took out their anger on businesses such as the Department Store and occasionally journalists. Others lined up to challenge police who answered with tear gas that failed to control the unrest these National Guard troops have been blocking roads and theyve been protecting firefighters as theyve been putting out the many fires you can see one of them back there but the governor says there simply arent been enough of them and thats why hes sending in more 1000 more to join the 500 already in minneapolis in nearby st paul
Worst. Yep. Talking about the coronavirus. Which the needs now tells us cannot be contained. And thats really why the dow plunged another 879 points today. S p 3. 3 , and the nasdaq 2. 7 on top of yesterdays hideous losses the dow has now lost 1,911 points in a row. Thats a decline of 6. two days now, you dont need me to tell you that this is serious stuff, especially if the director of the National Center for immunization and respiratory diseases told us this afternoon to now expectist significant disruption in our lives. Instantly that became conventional wisdom, thats the reason we told off so hard of course it is more complicated than that, right the stock market is following the much larger fixed income market where buying yields are currently hitting record lows. All sorts of maturities. The ten year is at 135 . The stocks got crushed the market is screaming that this pandemic will cause dramatic decline in Economic Activity both here and around the world. When the bond market sp