Attention to that, with the ecb coming up thats a huge deal. Delivers more stimulus, and the bcp will be really under pressure, down by 4 10 of 1 , but its all about the dollar and its driving Global Equities higher. And the tension between the weaker dollar driving risk themete, and the overall has been the protest here in the u. S. Under covid. Lets break down that disconnect. Torsten, what is your best explanation for the markets versus the headlines . We have discussed why markets are doing well, and we continue to believe that the answer is on the significant firepower coming from the fed. If you change the credit market as dramatically as they have , i spreads are very close to where they were before. All of that is, in plain english, making this look a lot better today than it did a month or two ago. And you have the equity of companies with the support to the credit markets, this is probably an important reason why the equity markets continue to do well. Think the fed is making
Horrific death of george lloyd which i think it was very i was very pleased that there was a universal virtually universal reaction to this this is this was an atrocity but that seems so long ago when we think of the of the riots and continued protests and the actions of the president here but the messages are always on race and i think thats misguided because at the end of the day this is a class issue it always is a class go ahead. You know in the in the u. S. Race determine what class one is in we can theres no clean dividing line in this country and floyds death is something that happens every day to a black person by the way every day to 3 people in this country an average of 3 People Killed by the police and racism is a big part of that so this story begins with. Racism and racism thats practiced all the time mostly against black people but i think the reaction to it as you say they were both in was universal and i think the protests obviously were sparked by his killing but i th
Hello and welcome to crossfire where all things are considered im Peter Lavelle the spiral downwards depending on who you believe in the media the civil unrest in america is the result of systematic racism this explains protests and rioting but does it the commanding heights controlling the Financial System the media and the Business World are loath to admit it its the economy stupid for them race always trumps class. To discuss this and more im joined by my guest Jason Nichols in l. The cut city is a professor of africanamerican studies and in new york we cross to Margaret Kimberly she is the editor and senior columnist at the black gender report as well as the author of the book prejudicial black america and the president s all right cross up rules in effect that means you can jump in anytime you want and i always appreciate it ok lets 1st go to margaret here in my introduction i said that race always trumps class and if you look at Mainstream Media particularly the liberal media tha
Claims the week before and the record 6. 9 million who filed in late march. Nearly 35 million americans have applied for unemployment and it affects the jobless rate which is the highest its been since the great depression. The number of unemployment claims was up after falling for six suites straight. More than 246,000 workers filed initial claims in california up 16 from the 212,000 about the week before. 1. 76million californians have filed for unemployment. A virtual form for all districts. The goal is to share ideas and concerns as goods and schools are looking up to open with more. Reporter mike, good afternoon. A lively conversation in the final plan a work in progress. We heard from teachers and superimpose tendons and all the people who make our schools run smoothly. As you can imagine, there are a lot of schools to reopen safely during the call. How do you keep Grade School Kids apart. Will Young Students keep like us on facebook, follow us on twitter and check us out online.
It is in a recession but this started at the end of last year in the last quarter this is well before anybody had even heard of kobe had 19 japan had already been hit by a rise in a culture of virtual sales tax from 8 percent to 10 percent that hurt spending it was already suffering from the lingering effects of a typhoon then of course that all of its economic problems are really now being compounded rolling into this year with the onset of kobe had 19 the delay of the summer olympics it was about this time that Many Companies throughout japan were expecting to be ramping up massively employing thousands of people as the country was preparing to welcome the world well as we know all of that is now been delayed by at least a year and just in april we had a the Prime Minister declaring a National Emergency that further kept people at home that kept people away from going out closed many more businesses in fact many economists are predicting that this quarter that were in now the 2nd qua