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If we can bring the board up. Gold up 0. 2 . A lot of Market Participants looking at the Earnings Results and european stocks. Now lets get to the bloomberg first word news. Hi, laura. Thanks. Global coronavirus cases have topped 15 million. The u. S. , india and brazil account for nearly half of all confirmed infections and fatalities. Texas reported its biggest daily number of deaths. Australias budget deficit is set to hit a post world war ii ecord. The deficit will be more than double what it was the past year. It comes amid a surge in spending to mitt gate the impact of the virus on the economy. There are still some challenges times ahead. We continue tonight the decisions to provide support in the economy. We do have to get back into situation revival. The employees on their own income rather than rely on taxpayer support. Francine italy funding to rescue the eco ....
Adapt to our troubled times, im glad were doing this evening for nonaspirin, i wish we were all there obviously, thank you for joining me and taking the time, congratulations to you on taking over the Hoover Institution, i hope congratulations is the right way to look at it. I cant imagine how you will squeeze in figure skating in the golfing with all of that but if anybody can, i know itll be you but thank you and nick for helping without book on james baker, you are both generous with your time and recollection to help us make there we got that right, i just wanted to throw that in there too. So im going to start off with some pretty big stuff, this is a tumultuous time in our history, here at home and around the world, big things are happening and maybe its a cliche but it feels like a hinged point and i want to get to talking about that, we remember the claddagh closely covenant when you and president bush and how you resp ....
Thinking about over the weekend . Next week, which is going to be just gigantic we have everything from ibm, we will bookcase ibm on monday and American Express on friday, both will be challenging and i think they could determine things. Carl, i have to tell you, 8 30 santelli comes on and gives you that housing start number, then diana talks about how there are not a lot of houses. I sit here and i think the fed has done a magnificent job, what can they do . They can take rates down to the point where, yes, maybe jpmorgan doesnt make as much money, bank of america certainly doesnt, but people are buying houses and thats whats been working in the stock market this week is the housing trade the lows, the home depot the deere small tractors, that stuff has been flying off the shelves and thats exciting. It was not, of course, the cloud, saas stocks and cybersecurity. Theres always a bull market somewhere. Right weve been taking no ....
Adapt to our troubled times, im glad were doing this evening for nonaspirin, i wish we were all there obviously, thank you for joining me and taking the time, congratulations to you on taking over the Hoover Institution, i hope congratulations is the right way to look at it. I cant imagine how you will squeeze in figure skating in the golfing with all of that but if anybody can, i know itll be you but thank you and nick for helping without book on james baker, you are both generous with your time and recollection to help us make there we got that right, i just wanted to throw that in there too. So im going to start off with some pretty big stuff, this is a tumultuous time in our history, here at home and around the world, big things are happening and maybe its a cliche but it feels like a hinged point and i want to get to talking about that, we remember the claddagh closely covenant when you and president bush and how you resp ....
Supposed to deal with all of that . Thank you, mayor. I appreciate this, and again, this is such a challenging time, i would say the risks the downsides to the shelter in place and the slow reopening are very real and very concerning from a health standpoint and an economic standpoint. I think the Counter Point is no one has said, were going to go ahead and open quickly. As you see across the country, the Mental Health consequences of opening and having a surge, many people are struggling in San Francisco, but if we have a surge like we saw in new york or unfortunately like we saw in houston and parts of florida, we would have all of those concerns that youre talking about on top of the overwhelming the Hospital Systems due to covid19 plus the covid19 pandemic and ev ....