Dire projections and devastation from covid19. Were down five basis points good lineup today well speak exclusively with the cfo of tyson as concerns mount about the safety of Meat Processing plants. Plus, Mike Novogratz will join us on what he makes of Warren Buffetts comments on the airlines and market, plus, well speak with tom steyer about the path forward for america specifically, he sits on californias task force to reopen the economy along with janet yellen and tim cook. Well start with breaking news from the treasury. Kayla has more from washington the Treasury Department says it expects to borrow just shy of 3 trillion in this quarter alone to fund the expenditures outlined in the cares act stimulus and also to off set the individual and Business Task revenue thats not coming this because of that delayed deadline to say this is a record amount is an understatement the last record that the treasury saw for borrowing was the quarter july through september 2008 the height of the
Seeing signs of deflation and why the fed should not be hiking rates right now despite what was said today. Well get the case in a little bit. Lets start with the selloff. Bob pisani is tracking the action here on the floor of the new york stock exchange. Bob . Finally volatility. About sometime. Six weeks, a slow market overall. Last time the dow moved 1 , july 8th. Were due for volatility. Were reminded, hey, the markets arent positioned for a possibility of a september rate hike. What will you do . Sell Interest Rate sensitive stocks. Utilities market leaders all year. What else do you do . Might play a steepening yield curve and why financials might be improving. You can bet Insurance Companies of met life and prudential have happy. They had a miserable time in this environment. You bid up the dollar. That puts pressures on commodities and why they have been weak today. Thats why you see stocks like y rio tinto down. What else do you do . You buy volatility. So everybody who wants
Details a lot of Miss Management and at the phoenix v. A. We saw cases where folks had serious are diseases. Still had to wait months h nine weeks. Six months to get any sort of follow up apoints scheduled. I got a class to talk to a deputy second earlier this week. He said it is still bad news report and still an embarrassment for the department. How extensive was the i. G. Investigation . This was a pretty in depth report. They spent months combing through files, not working, they said working with the department of justice and the fbi on possible fraud and case thats could result in criminal cases down the line. But they found widespread problems and investigationings of other facilities turned up the same issues of mismanagement, problems with how scheduling occurs. And really some systemic cultural problems that the va has been struggling to address since the spring. What did they find out about suicide and prevention related to the care they get at v. A. Facilities . Small we hea
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