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See the jobs report, francine. I see all sorts of numbers modeled. 6 rate be looking at the u. I do not see any forecast of where that statistic is going, but it harkens back to an american job economy of 1933. Francine we will have a big look on whether we will go back to those depression years. Lets get to first word news in london with leighann gerrans. Francine, andd, tom, as you were saying, todays jobs report expects to see the u. S. Unemployment rate surge to almost 20 last month after reaching the highest level since the Great Depression in april. The may report is likely to show the jobs slump has extended into whitecollar positions. By 7. 5s publicly shrank million positions. The jobs report comes out at 8 30 new york time. In buffalo, new york, two Police Officers have been suspended after a video of them pushing an elderly protester to the ground went viral. Th ....
Response, how europe response given the heightened trade tensions, how they could take advantage of that situation. Is what taylor, this the markets are telling us. Futures are climbing with european stocks. Im also looking at oil and treasuries to give us an indication of where we are seeing some of the havens. Treasuries on the dollar edging higher. I want to show you the chinese yuan. There is focus not only on this extra stimulus possibly coming from japan, but also on lockdowns. More Major Economies around the world opened up, taylor. Taylor we are hitting a milestone in the u. S. Yesterday you were looking at s p 3000. ,000, we have not closed above those levels, but it looks like we are seeming to get there. Some of that hope and optimism on the reopening is filtering through within the s p 500. Focusallcap domestic stocks, and a lot of optimism here about the strength of that u. S. Consumer coming back, making those small ....
Get 36 million unemployed americans back to work. Youre overseeing historic despair. I think were announcing a plan, opening up our country, just a rude person you are. Were opening up our country, were opening it up very fast. The plan is that each state is opening and it is opening up very effectively and, when you see the numbers i think, even you will be impressed which is pretty hard to impress you. Go ahead. Reporter a lot of these jobs are not coming back. Thank reporter thank you, mr. President canada confirmed the border will be closed until june 21st. Arent you worried about the economy of the border states . We do. We speak to canada all the time. Obviously the relationship is very good with the Prime Minister and myself and two countries. Canada is our neighbor. We have a great relationship. Were talking. At right time that will open up very quickly. Yeah go ahead please. Reporter good happen before june 21st. Yeah it ....
Or was it the real economy rearing its increasingly ugly head every day that the average goes down, the dow slipped 102 points, s p shed 7 p. 8 , are we having Great Depression style unemployment 38 million jobless claims or another garden variety sell off in the wake of another major rally . Ill give you a hint its not the economy driving the bus. I know the markets incredible rebound the last two months seems totally out of sync with whats happening in the rest of the country. Wall streets become divorced from main street and were told thats unsustainable the thing is im not so sure this morning on squawk on the street, i kicked this idea around with david faber and carl quintanilla. David was incredulous i thought we were seeing a garden variety selloff, not some reckoning mass sell off in unemployment. Another 2. 4 Million People filing for jobless benefits this very we ....
Where the corona Virus Outbreak originated but new clusters are causing concerns in the northeast. Good also this hour a country at breaking point Brazils Health care system pushed the limit well as president downplays the pandemic. Im johnny gosch rosco with sports as football returns to germany but not as we know it dont win scored 4 goals that close fans to celebrate with. Ok we begin in israel where more than a year and a half of failed elections diplomatic dealmaking and political paralysis have come to an end with a new government expected to be sworn in shortly its the result of an agreement between the longtime Prime MinisterBenjamin Netanyahu and his political rival benny gantz each will take. Leadership of the country for about 18 months 3 elections h ....