Now because you are only the second wealthiest man in the world, right . Many companies are racing for a vaccine. This ceo is emma wants me. Has a vaccine that will help cure covid 19. How me times a day to people ask you when youre vaccine will be available . Regularis a very question. Have alluently, we been delighted to see the very recent years that some of the first results coming through on vaccines. Yesterday, i was on a call last globalith 10 of the pharmacy ceos that are heavily involved in bringing solutions to covid. We are excited and optimistic to see the first data come through and looking forward to seeing more come through in the next six months or so. We have three vaccines and the clinic and to therapeutic treatments. Everyone is understandably inpatient. We wipe off with the pandemic 500 billion of value with the world. I think that we can be increasingly optimistic that the science will win. Mobilizedry that has so fast it will start to bring Scale Solutions and we
Busiest week of earnings thus far. Trillionlmost 16 worth of corporates reporting. We need to figure out exactly what the set up looks like. Lets do that with scarlet fu. Scarlet what we have learned so far as we are deepening in an earnings recession with more than a quarter of the s p 500 having reported. Third quarter etf down 18 . Third quarter revenue down last, but still up 4 versus last year. We have definitely turned the corner because declines in the top line and bottom line are less bad than it was in the second quarter. It may even turn positive by the second half of 2021 when the conversations become easier. The market had priced in all of these Third Quarter declines. So far, so good. 500 are topping estimates overall. Sales are beating estimates by 3 . That is the most in two years. Eps is surprising to the upside by 18 , slipping from a 23 margin in the second quarter. Gina martin adams says Growth Companies are beating estimates more widely than value companies. When ea
This has to do with workers and programs and all things we love. We call it a friendly protest. [applause] protesting, we are protesting stupidity. So many stupid things you see here. Howll tell you what, ohio, good have you been . What did we win by, a lot. And your governors here and he just said you are winning by a lot more this time than last time. But hello, ohio and thank you very much. Im thrilled to be here in dayton, of the home of the wright brothers. I wonder what they would think when they see some of these f35s and these planes we make nowadays. Thousands of miles an hour. I want to just thank the very hardworking patriots who are the backbone of america. You really are. This is an Amazing Group of people. Spotoing to another nice in ohio where we do have a rally. I can imagine you have more people there. This is for us and our friends and workers. 43 days from now, we are going to win this state. Were going to win four more years. Its true. Thank you. [chanting four more
July jobs number will be released. Ahead of that, what sort of trends are you seeing as states begin to report have reported a rise in cases and weve seen closures of the economy in some states across the country . Right. Let me start by saying good morning, bill, to you and your viewers. Well, the trend lines have not been good. There are two indicators for whats happening with employment. The Census Bureau is putting out preliminary data that indicate that the percentage of americans who are employed is declining again. And the Labor Department puts out data about initial weekly unemployment claims. Basically people filing for their Unemployment Benefits for the first time. And those numbers have been pretty stagnant since the beginning of june, and recently have gone to tick up a little bit which is application that there are more people losing their jobs in the economy. So those two indicators suggest that while we may see some jobs growth when we get the unemployment and jobs numb
Chambers testify about their concerns. From february until april of 2020. But the closure rates for minority owned businesses are significantly higher with 41 of blackowned businesses, 32 of latino acts owned businesses and 22 of asian businesses. They closed over the same time frame. Now, in april of this year the federal return bank of new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and are twice as likely to be classified as at risk for distress then nonminorities Small Businesses. Further, companies are three times likely as healthy businesses to close because of [inaudible]. The pcp program established under the cares act and administered by the Small Business administration and treasury as funding lifeline for distressed businesses responding to the culminating pandemic. What recent analysis by the color of change and the u no space United States found only one in ten African American and late lati