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Liz i do think spreads are important to watch. We always know theres a tight connection between the credit markets and the equity market. Especially high yield vs. Equity and i agree that when spreads got as compressed as they did, there was probably not sufficient compensation for those hotelers for the likely risk. Were seeing in it bankruptcies, which have spiked back up. They had a spike in may, leveled off and theyre picking back up back to 2009 levels and i do any what happens with spreads and more broadly in the credit markets, as it did in the march time frame will inform what happens in the equity market. Equity investors need to have a particularly close eye on the credit markets right now. Were seeing about a 50 uptick in terms of your average trading for the nasdaq. And what are you expecting for next week . As renee was telling us earlier, were heading towards a shortened week. Early data on the labor market only thursday because of the ourth of july holiday weekend. Lils ....
Im hopeful we will very much try to learn as much as possible from that facility and from all the other ones. We have a lot to learn here. We will certainly be trying to do that. In terms of fiscal concerns, for many years, i have been before the fed, i have long time been an advocate for the need for the United States to return to a sustainable path from a fiscal perspective at the federal level. We have not been on such a path for some time which just means the debt is growing faster than the economy. This is not the time to act liz well, you know what, it was going along really, really well and it was making history. That was of course chairman Jerome Powell of the Federal Reserve. This is the very first time we have ever had i guess its considered a zoom Federal Res ....
Billy joel thank you for celebrating the declaration of arbroath and its role in establishing the democratic rights of humankind scotius says whats a 1000000000 show given the circumstances thank you so much such brilliant interesting guests as well louis says nice to see the decentralization of Television Studios to louies of course is referring to alex filming from stricken patricia says very interesting back in the folks in india as an editor at least in the dislike of politeness being dumped in scotland without our permission was the start of a new weakening in scotland that has grown since theyve even says it blast from the past in more ways than one ted cabin was my 1st Scottish History to shoot at Emory University many many moons ago he spoke about mist and realities of history and i remember it to the cit ....
Billy learning a lot about Scottish History len says what a great show alex i was so disappointed that the march in our boat was cancelled to us you really cheered me up and now with us the author of pandemic century dr mark holick sperm to his view of the coming few really this is what he had to say that there is something old about the spars the way it seems to be a very subtle virus a very wily parrs if you think about a good strategy for a virus to spread while worldwide is actually not to make many people sick right in darwinian terms a virus will succeed if it gets stronger controls the best way it can do that is the spread of the radar by not causing overt illness so thats what its doing and today he joins me from west london dr holly. History im interested in particular in the sure the Economic Impact of the pandemic through history do we have something to teach us ....
Fauci says we are headed in the right direction. Every day this seems to be a record of number of deaths. At the same time we see the increase in deaths we are seeing rather dramatic decrease in the need for hospitalization, that is going in the right direction. I say that and i always remind myself when i say that, that means what we are doing is working. Therefore we need to continue to do it. Ashley what we are doing is working says Anthony Fauci, voters seem to like how the president is handling the crisis. His Approval Rating hitting a high of 49 in the latest poll and by the way he has tied joe biden in the president ial race. Just last month he trailed biden in the same poll by nine points. Still there is work to do in america remains worried about their money in 79 say they all worry that the virus will lead to Ec ....