we ll have the lead prosecutors in the chauvin case tomorrow night after the sentencing. it will be such a important day in the courtroom for them and everyone else. indeed. excellent. well-done my friend. thank you, rachel. well, it really is infrastructure week. and president joe biden got to say the words today he has been wanting to say since inauguration day, we have a deal. and he was so excited about the deal that he did something that presidents just about never do. he went out into the driveway. on the pennsylvania avenue-side of the white house with a bipartisan group of senators to announce the deal they just made. we have a deal. and i think it s really important we ve all agreed that none of us got what we wanted, i clearly didn t get all you wanted. they gave more than i think maybe they were inclined to give in the first place. but this remind mez of the days we used to get an awful lot done in the united states congress. they did not and i understa
Thinking as there seems to be a push from the right and for many in the economic sector to do just that but theres also another if not equal push from the other side that says opening the economy would be both dangerous and irresponsible and that is the thinking of many in the Public Health sector also many on the left all right so whos right. Were going to bring you a debate on this matter but before we do so i want to share with you some numbers that might help ok so as far as the economy goes 22000000 americans have lost their jobs as of this morning that brings the Unemployment Rate to 15 percent and according to economists it could reach 20 percent if present trends continue by the end of the year in a word the situation is dismal economically now lets look at lethality because this is really an important conversation as well the death rate death rate from the coronavirus so far is at most about 1000. 00 per day in the United States thats extrapolating that so far 28000. 00 people
Billions of items shipped, tens of millions of amazon devices sold, so the echo. , for example the echo dot, for example. And busters Holiday Season for amazon. Chad morganlander, Washington Crossing advisors portfolio manager, joins us. How would you characterize 2019 for u. S. Equities . Chad for u. S. Equities, we think it was just a gangbusters year. The reason behind it, though, was not vibrant economic or Global Growth, but rather it was Interest Rates across the curve across the globe that went down, and accommodation from monetary the u. S. And the ecb. Yes, someone like 90 Interest Rate moves. Does that mean we are looking at not as many next year . Chad there has to be a transition period. Capital spending starts to kick higher in the United States and across the globe. Without that, we dont anticipate the expectations for for 2020arnings of 10 and Revenue Growth of 5 to 6 to come to fruition. We think that will have to be. Brought down. Overall, in the short run, we think ma
Youre in the United States, we are seeing stocks come off their highs. The s p up 0. 1 . Apple contributing big, up 0. 5 on a positive note. Tesla is down about 0. 3 . Lets get straight to someone who can tell us more about all of that. Joining us from dallas is Burns Mckinney, Allianz Global Investors managing director and Portfolio Manager. We are seeing a mill top in the stock market a melt up in the market through christmas. Nothing major, but we didnt really make any losses. We didnt lose anything we gain through the year. Tot you attribute that what do you attribute that . Burns volumes are very low this time of year, so it doesnt take a lot to drive markets up. This is probably just a bit of a continuation of the early Christmas Gift that the markets got in middecember, where they resolved several geopolitical issues that had been weighing on uncertainty. Namely, the resolution or the detente in the u. S. China trade relations, as well as brexit, and establishment that the fed d
Low currencyhe volatility. The british pound is stronger, but very fractionally, up 0. 2 versus the u. S. Dollar before the election. Incremental moves on trade. Lets get to the latest now. Bloomberg reporting that u. S. Tariffs set to take effect on sunday will be delayed, according to chinese officials. Meantime, House Democrats said they will back the usmca trade deal and are planning a vote next week. Rep. Pelosi there is no question that this trade agreement is much better than nafta, but in terms of our work here, it is infinitely better than what was initially proposed by the administration. Vonnie House Democrats declaring a win there. For more, lets bring in bloomberg trade reporter shawn donnan in washington. Todays developments on the trade front, how incremental are they . Shawn i think we got one really important big step on usmca. It is a remarkable day in what is a highly partisan washington, when we see a bipartisan agreement on a trade deal. Trade politics are always t