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After jay powell made down beat comments about the economy just as coronavirus cases were spiking in the south and the west today the fed chief once again made it clear that the economy remains weak and were seeing more gigantic coronavirus spikes in the south and west this time the dow surged 527 points as it jumped 1. 90 , nasdaq pole vaulted 1. 57 . How is this possible how is it possible goes down gigantically, same thing, next time goes up two key differences. First the fed is planning to buy individual Corporate Bonds to ensure Companies Stay afloat if we had survival of the f fittest, powell is doing everything to limit carnage, survival of everybody. Second, we had the biggest sales gain in history up 17 in may. That sounds very vish we have a super accommodating fed at the same time were Getting Better data whi ....
And later, this mothers day, a woman whos always on the front lines. She saves peoples lives. Reporter do you think your mom is a superhero . Yeah. I love her so much. This is the cbs weekend news. Donaldson good evening. Im Bob Donaldson at wttv cbs 4 reporting in indianapolis. Happy mothers day. We begin with new warnings about the virusinfected economy. Today, the trump admininistratin said the number of unemployed americans could get worse. Also today, new projections show coronavirus deaths in this country could reach 137,000 by august. Illinois, arizona, florida and california examples of states where cases and deaths going up faster than expected. Even the white house, one of the worlds most secure buildings, is not immune from the virus. Nikole killion begins our coverage. Reporter the president s Economic Team warns things could get worse before they get better, and th ....
Socialism sucks, is more irreverent than most Public Policy books we usually organize events around here at cato but i can assure you the authors we are featuring today are serious accomplished economists with decades of scholarly work. Inevitably, they have drinksn their hand, probably because we chat at receptions, hotel bars and the like. But the conversation is always interesting, informative, and fun. Thats also true of this new book. This is a light book about a heavy topic. So its fortunate, fortuitous rather, that we are featuring today on the birthday of the late milton friedman, one of the greatest economist of the 20th century and the champion of economic and overall human freedom. We were lucky to have known him, or some of us to have worked with him to a limited degree. Im sure he, too, would agree with the title of the book, though i i cant really recallm ever putting his opposition to socialism in quite those terms. ....
To take on south africa in the World Cup Final. And coming up at quarter to 8 shaun ley delves into viewers comments on bbc news coverage, in this weeks newswatch. The leader of the brexit party, nigel farage, has called on borisjohnson to ditch his Withdrawal Agreement with the European Union and form an alliance with his party, in the upcoming general election. Speaking at his campaign launch, he said hed field a candidate in every seat in britain, if the Prime Minister didnt drop his brexit plans which he described as a sell out. Today, mrjohnson said in an interview with the bbc that doing deals with other parties, would put Jeremy Corbyn into number 10. More on that shortly, but first, heresjohn pien ....