Most interesting across this nation, the uncertainty of the pandemic. Indeed, around the world as well. I was under struck the and delics of mexico, in india is in a crisis. Jon ferro, the sensor folds right into a fourday work week jon ferro, this intro folds right into a fourday work and a jobs report. Jonathan the low as 500,000. When you see a range that wide, it is safe to say that no one really has a clue. In deutsche bank, they missed the retail vshaped bounce we got as well. You get the feeling that economists are pretty much flying blind right now on each and every data point. Jonathan i would agree with that, but he talked about consumers and businesses selfregulating. Even if the governors, the local officials, statelevel officials dont hold that themselves, companies and consumers will, and we are already seeing signs of that in various states across america. Appraise fore a fourday workweek, it is all about the twoyear yield coming in. 0. 1602 . Wn to there is a ground in
Second half of 2020, there is an overlay of other stories. The pandemic story, at least in the United States, is truly front and center. I would also note the stunning close to equity markets yesterday. Call it window dressing on june 30, 2020, but we begin this july strong in the markets. Francine we certainly do. If you look at what the markets are looking at, and a lot of the focus is on the number of infections, treasuries slipping, and i am looking at a couple of Technical Glitches in europe affecting trading. We will have a full market roundup, but lets get to first word news in new york city with ritika gupta. Ritika good morning. Infectious diseases chief Anthony Fauci warns the u. S. Is going in the wrong direction. He said the country could see 100,000 new coronavirus cases a day, up from the current level of 40,000. Several southern and western states are seeing increases in infections, prompting some to put reopening plans on hold. A new poll shows 10 lead, joe biden over p
You say to yourself, come on, come on, come on. This monday is the come on where new york city reopens. With that, a better jobs report, and accident of course, the president talking it up. I thought the research over the weekend from Goldman Sachs, j. P. Morgan and the others was just outstanding, putting shade and putting nuance on that jobs report of friday. Jonathan lets be clear. For this market, for the Global Financial community, friday never really ended. It went through the weekend into monday. The equity market continues to rally. We continue to look ahead this week to a Federal Reserve i just wanted to have the payrolls report change the feds approach to the News Conference this week, tom. Tom maybe a little bit of nuance to it, but i really dont think it plays in all that much. You ught it was great, come down, and the amount off they calculate it roughly of 15 recovery in the labor economy. I dont think thats enough to have vice chairman turn to chairman sandowl say change
This is one business show you cant afford to miss washington. U. S. President donald trump has already been executive order aimed at social media giants fact check on a twitter feed what consequences will the move have Going Forward. Markets are still on the rise but kind of fell late in the day despite mass unemployment in the United States when a lot of the spike in markets this week and we also dig into the rising tensions between the u. S. And china and later told at 19 outbreak has caused a major disruption in the travel industry particularly airlines as we dig into the struggles of this sector we have a packed show today so lets dive right in. And there is a big move coming from u. S. President donald trump the president will reportedly target facebook and twitter in an executive order regarding social media according to a draft that appears if leaked online now the draft version of the order which could still change names Facebook Google and twitter and targets a section of u. S
President donald trump the president will reportedly target facebook and twitter in an executive order regarding social media according to a draft that appears to have leaked online now the draft version of the order which could still change names Facebook Google and twitter and targets a section of u. S. Law under which tech platforms largely arent liable for what their users post and are fairly free to police content joining us now to discuss the above cohost investigative journalist of course ben swan now. Theres a lot on packer what exactly is the rule that President Trump is attempting to amend and why is he actually doing that and how big of a deal would it be for these social media companies. Yes so for started at the very end there its a very big deal its actually something ive been calling for for about 2 years the president now talking about whether or not he can or cannot do this the truth is we dont even know if the president can do this lets talk about what hes trying to d