For an earnings season that is beginning to unfold. Later, the rush is on as Apple Unveils its new 5g enabled iphone are the stars now aligned for a super cycle that wall street has been waiting for for apple power lunch starts right now stimulus negotiations hitting a wall once again as the two sides are stuck on whether to do one big bill or several smaller ones elon has the latest for us there will be no relief before the election. We knew this in our guts, we knew it by looking at the calendar and today treasury secretary Steven Mnuchin acknowledged it publicly during a speech for the milken institute. Getting something done before the election and executing on that would be difficult just given where we are in the level of details were going to try to continue to work through these issues reporter now, this is dispute the fact that the senate will still go through the exercise of voting on a 500 billion package of targeted relief next week thats much less than what democrats are a
On the chin. Again what the experts sort of give they can taketh away. When Jerome Powell talked about the fact even with the flood of stimulus weve already seen, good idea to see more stimulus. He didnt put a dollar figure behind it. The Federal Reserve has spent trillions backing up businesses and banks by buying treasury bonds, corporate backed securities, etfs, and to back up corporate paper. That is unusual, in this particular case unprecedented. He seems to signal we are not out of this by any means. These delays in openings here as we heard new york metropolitan area, broadway doesnt do anything until at least labor day. People add up, lets push stocks down. Now there is good news though. We always want to posit that. Favorable developments on the new york state area, new york city to the point and new york area hospitalization as key level looked at closely continuing a decline has been better than two weeks. Anyway, we have David Lee Miller following all of those new yorkrelat
A few short weeks of stay at home orders being implemented across the country the Washington Post reports that according to the u. S. Department of labor more than 17000000 new jobless claims have been filed in the past 4 weeks and in fact last week saw 6600000 americans applying for Unemployment Benefits in just one week and all the tea leaves are reading that this is just the beginning my friends and that these numbers could actually be on the conservative side of things. But its not just the United States of america facing massive amounts of unemployment new new new new new all around the globe jobs are being lost in record numbers thanks to the covert 19 pandemic in fact the International Labor organization well they now estimate that working hours will decline by 6. 7 percent in the 2nd quarter of 2020 which is equivalent to 195000000. 00 full time workers the aiello director general guy ryder sudden a statement to the media that quote this is the greatest test for International C
Secretary pompeo i want to talk about the historic work the department is doing in mounting to repatriate americans in response to the pandemic. Its in the finest traditions of what the state department has done. First, venezuela. Dont want to go into every detail. I got someone here that will here at theuestions end but i do want to set up the ramework to the pathway to democracy. It would put the elected members of the National Assembly, would nting both sides, create an acceptable council of tate to serve as Transitional Government until president and National Assembly elections can be held. Months. Within six to 12 the Transitional Government would not be able to run for elections. N those oth Nicholas Maduro and juan guido would accept the executive period. His transitional if the conditions of the framework are met, including the departure of Foreign Security being free lections and fair by international observers, then all remaining u. S. Sanctions would be lifted. We have the f
The city of lights took its future into its own hands extensive renovation work huge building projects and large investments followed. 30 years after the peaceful revolution lights it has become a pretty exciting city everything seems possible here so its just the right time for a trip into the citys past and present. We visit one of the creative hot spots of light. We take a walk through a possibility with your. We sure wave your video with holiday greetings from japan. St Nicholas Church is the symbol of the peaceful revolution of the 1989. A church that has always been closer to the people but to those who were in power it dates back to the 12th century and was donated by citizens. In 1980 s. This church was the only place where the people of life could speak openly about the conditions in east germany. Open for everybody thats the motto of st Nicholas Church starting in 1902 people were invited to peace prayers and then fall of 1909 thousands gathered here 1st they took part in dis