German probably will not im often berlin this is the day. You cant fix the economy until you fix the code the crisis i think people across this country are fed up with a time when theyre kind of playing where their next meal is coming from and he has no intention of doing anything about making it better in 47 months than youve done in 47 years just make it Crystal Clear that russia. Is involved. Of course the American People if there is an additional round of stimulus then that would add 2 Percentage Points of growth in 2021 which then would bring the u. S. Much more quickly back to crisis level investors are frustrated that washington cant seem to get its act together to give a package to the country which is sorely needed especially for Small Business before the election. Also coming up french president emanuel saying tough new measures against the spread of covert 19 including strict lockdowns in paris it ok this is you know the decision we have taken is in effect a curfew a curfew
The key is to think about it order by quarter. You had a deep drop in the economy last quarter, and you are back up to where 95 of the economy is restored, and then we all work out the high net was one point 2 a 1 to 2 of the economy, it will take a while to grind through that. The audi is every at the reality is every estimate has gotten better rather than worse. Why is that . Consumer activity stayed strong. The fiscal stimulus, the monetary stimulus, the programs the fed has between the government and congress, between what the fed did. To bring the hole economy back up to the level and now we have to let it work out from there and we probably need more stimulus for defined places still in difficulty. Restaurants, state and local governments, schools, performing events, venues, some of the Industries Airlines and other things that you cannot have people do at the rate we have before. The rest of the businesses, Dentists Office are busier than theyve ever been. We saw Consumer Spendi
Now enjoy a book. Good afternoon everyone and welcome to the Gilder Lehrman book break on june 14. Welcome everyone. Todays guests will be professor Elizabeth Varon in her book armies of deliverance prefer you who are not familiar with the Gilder Lehrman institute of American History we are so glad you could join us and to tell you a little bit about Gilder Lehrman the Gilder Lehrman institute is a Nonprofit Organization dedicated to k12 History Education while also serving the general public. Our mission is to promote the knowledge and understanding of American History. Occasional programs and other resources. We also provide direct access to unique primary source materials through Gilder Lehrmans amazing collections but if amazing collections but if youre in to sit out anymore about Gilder Lehrmans program and a collection please go to Gilder Lehrman. Org. My name is william and im your host. When im not hosting im usually working on the Hamilton Education program. You want to find o
The reporters we will update you with the latest numbers in and when this is over, the state. 39,000 confirmed cases of coronavirus and 96 we will all, continue, to thrive. Have died just yesterday bringing the total death toll in california now to more than 1500. The deadliest day so far came is so irresistible, youll wanna eat them anywhere, wednesday when there were 115 so dont resist pop em outside, or on the go, who died in one day. Or on the way home pop my 100 allwhitemeat classic or spicy popcorn chicken combo for just 5. 99. Right here in the bay area there are currently more than 7000 confirmed cases of covid 19 with 243 deaths. Half 1 Million People have been tested for coronavirus here in the state and for the first time california has cleared its backlog of tests. That backlog reached 60,000 earlier this month and some people waited nearly 2 weeks or results of the test which slow down treatment. The forecast for warm weather is attracting more and more people back outside
Saying it was on hopes for a rate cut on friday we talked a lot on friday about just whether and i made a joke that the market shows pricing the quickest sell off. Maybe the one individual that said, i got it and felt sicker it just seemed to subside a bit. Thats right. Human bee haflor is weird. Going into a twoday weekend except the good ones where you could have gotten 1,000 new cases. Up another 1,300 showing a bit of change. I love this graphic friday doesnt really sum it up it came back that was the end of the month. Some of that extra pressure was in the systematictype trading and there is an upside air pocket i think that the fed statement on friday sent the message we are here and probably dont have a very high threshold. It wasnt needed same as december of 2018 it was words that did the job for months until we got a rate cut. The bond market was very interesting. Instead of the bond market leading the stock. Take a look at treasuries. The 10year yield hit an alltime low yeste