Looking at a v. Shape not too long ago but what this 2nd wave and even 3rd wave of possible cases were saying this isnt going to go anywhere anytime soon and more stimulus again will lead to more of that and a longer recovery but the American People say they they need to see the money businesses are dying kristie we were still in the midst of a busy earning week though it was some pretty big movers today including fries and netflix now you lay lilly and more we have a pretty mixed bag of results how are these earnings playing out this quarter. Well like i said its been a pretty mixed bag some names like snap reporting tremendous growth during kogut and other names like netflix which initially search for in the stead home mandate now dropping on the growth but the Common Thread between all of these names that outlook and growth still remain uncertain and no management wants to communicate or make statement on the future right now so nonetheless we thought the major swings in the sand th
We should. Everyone is contributing way but we also know that this crisis will not go on forever the challenges create the response has been much so many good people are helping us. It makes us feel very proud that we are in it together. This is boom bust that one business show you cant afford to miss im sorry mando sales man washington coming up the markets continue to watch us stimulus talks as we inch closer to the election when he reaches 2020 thanks to a major announcement from pay pal and all. These expert dr William Schaffner about the race for grown a virus are seen and how long we still have to wait for an affective shot to prove we have a lot to get to selected or. A top general reserve official is calling for more fiscal monetary spending Federal Reserve governor bernard said that the recovery remains highly uneven and without government funding our Government Spending long standing disparities in the economy and labor market could make matters worse in prepared remarks to a
A recently published and me are working paper shows that many Public Companies are now changing how they communicate in order to appeal to algorithmic analysis of their Financial Filings and quarterly investment calls so financial analysts they have published a qualitative list of good and bad words commonly used in s. B. C. Filing now the study shows that the Public Companies have been using fewer of the bad words and regardless of the method found that management they tried to sound more upbeat so that Voice Analysis Software listening to the call would read these emotions as positive so its really interesting that as Technology Gets more sophisticated both written and spoken Financial Disclosure is adapting so aka disclosure is getting muddier and world pay as we go because management doesnt want to make any statement on future outlook given the global uncertainty and to management just started using more neutral terms and guidance as to avoid the wrath of the algos impacting their
Spending Federal Reserve governor bernard said that the recovery remains highly uneven and without government funding our Government Spending long standing disparities in the economy and labor market could make matters worse in prepared remarks to an online conference bernard said premature withdrawal of fiscal support would risk allowing recessionary dynamics to become entrenched Holding Back Employment and spending increasing scarring from extended unemployment spells leaving more businesses to shutter and ultimately harming productive capacity last month Photo Officials said they plan to keep Interest Rates near 0 until the labor market has recovered while keeping inflation at a 2 percent for more on this and the overall state of the economy were joined by boom cohost christine and host of economic update and author of understanding socialism professor Richard Wolffe professor we have now heard from bernard from from powell that more stimulus is needed in order to continue this reco
He said christ report fake customers in the restaurant an illusion of demand theres a kaiser report analogy in there somewhere and he was referring to an arty headline that one german restaurant has found a solution to maintaining social distancing on his reopening manikins a family run businesses fail tables with plastic people in order to keep customers apart and create a vibrant dining atmosphere that is not creepy at all no not creepy. No its like that film airplane remember if they had to blow up pilots. Yes my ear. Yeah all kinds of mr fall out catch that film very missing well yes the potemkin villages in Northern Ireland during the crisis make it look like stuff was going on that there was Business Activity where there were no Business Activity so this illusion of demand is key to our modern economy because its demand 1st then supply is lay people think about supply 1st the demand like are going to make a really nice corkscrew and if i do a great job theres going to be huge dem