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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 ....
Most responsible for the imbalances that we see in the world that the global trade imbalances the global neal liberal imbalances caused by. All of this insanity of sending our manufacturing overseas for example is Larry Summers he was the treasury secretary under bill clinton from 1909 to 2001 so he oversaw glass steagall remove all he oversaw w t o. Except in china into the World Trade Organization he saw all those sort of things that dismantled the commodity futures modernization act he saw the stuff that created the destabilization that we see going on so it was quite ironic or and indeed quite repulsive to see him tweet this max thoughts at the end of a long week why cant the greatest economy in the history of the world produce swabs facemasks and ventilators and adequate supply Larry Summers is a key figure ....
A key figure in americas downfall the problems of the kovac 19 virus today and the problems in the markets around the world have a direct antecedent to Larry Summers and that codds array of elites harvard elites and wall street the leads who decided to this array the American Economy carve out everything and leave a rotting corpse in their wake and now hes frantically trying to deflect and assign blame and point fingers and he needs to look in the mirror Larry Summers as a heinous repulsive character in American History who is goes down in history as somebody who is a Benedict Arnold the almost quality theres a saying that goes he who smelt it dealt it well heres the guy who smells the situation perhaps hes ....