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Call it. Netflix yesterday closing at an alltime record high. Oil a little higher as well, but still around an 18 year low. Still brutal for the market. Just checking in one more time they comec had before out. Time now for bloomberg first take. Here to discuss from our inhouse team of wall street veterans and insiders, michael mckee, and Damian Sassower. Mike, we know that jobless claims are going to be bad. We dont know how bad. I think the question is, how do markets actually respond to this, when sometimes they want to respond to bad data, sometimes they dont . Michael im not even going to go there. Yesterday we had dismal numbers on industrial and retail sales. We thought they were priced in, but apparently they werent. Youve got to wonder if weve priced in jobless claims because weve talked about it so much over the past three weeks, but we are expecting 5,500,000 as a consensus. If you get that number or even a little bit ....
Future. And the Nonpartisan Congressional Budget Office has told us that the houses proposal will not generate sustainability of Pension Plans or the sustainability of the pbgc. So we better not spend time on something the Congressional Budget Office just isnt going to bring a solution and definitely not a longterm solution. In contrast, the proposal that senator alexander and i are releasing today addresses the immediate needs of the few multiemployer plans facing immediate crisis in a manner that protects participant benefits and also ensures a sustainable multiemployer Pension System for the long haul. And it does this all in a fiscally responsible way. Our proposal is not a giveaway to corporations or to unions, and its a bet ....