pandemic. this week the senate passed a bill that will force chinese companies to follow the same accounting rules as u.s. companies listed on u.s. exchanges. the nasdaq is set to unveil new rules of initial public offerings, a move that could make it harder for some chinese companies to list on nasdaq. i spoke with larry kudlow,ing the white house chief economic head, about this a hard-line stance toward chinese companies as well as the white house s decision to halt money from the thrift fund going into chinese companies. watch. the solution here is for the chinese to open up their investment system and to play according to the rules set by longtime authorities in the usa, the sec being the key and the public accounting board being another key. we can t ask military retirees to invest in chinese companies that are operating against our own interests and in some cases with respect to this pandemic, we saw the president wrote an excoriating note to the world trade organizat
last week. that means 38.9 million people have been thrown on to the unemployment lines in the last eight weeks. 38.64 million to be precise. the only bright spot is the weekly claims have consistently come down. that implies that the layoff trend has already hit bottom. here s the market s reaction to all of this. the dow at the moment is on the down side but not much by. you re looking at 60 points lower. you re looking at the nasdaq down about 16. small losses across the board. helping the market, astra-zeneca, working with oxford university, they have announced progress on a vaccine. they will do phase three trials with 30,000 american patients in july. if it works, they say they could deliver 300 million doses by the early fall. then we ve got three stories about open up and open up now. 600 doctors delivered a letter to the president outlining the severe health costs of the lockdown. they call it a mass casualty incident. open up, they say. the front page of the new yo
example, will be especially strange this year as we are instructed to maintain social distancing even as we gather to have some fun in the sun. one place where bathers are not welcome is new york city where mayor bill de blasio has threatened to pull people out of the water if they violate his no swimming rules. just look at that. the new york metro area remains mostly in lockdown. doesn t expect easing in the city apparently until the first half of june. meanwhile, more and more pushback against the closures as the economic carnage mounts around the country. some business owners fearful that their livelihoods are being destroyed are openly defying orders saying they ll risk fines and imprisonment rather than keep their stores shuttered any longer. and we now have important information from a number of states that have had several weeks of experience with loosened restrictions, and it does seem to suggest their plans are working. so were the draconian lockdowns actually even
chinese companies during the pandemic. this week the senate passed a bill that will force chinese companies to follow the same accounting rules as u.s. companies listed on u.s. exchanges. the nasdaq is set to unveil new rules of initial public offerings, a move that could make it harder for some chinese companies to list on nasdaq. i spoke with larry kudlow,ing the white house chief economic head, about this a hard-line stance toward chinese companies as well as the white house s decision to halt money from the thrift fund going into chinese companies. watch. the solution here is for the chinese to open up their investment system and to play according to the rules set by longtime authorities in the usa, the sec being the key and the public accounting board being another key. we can t ask military retirees to invest in chinese companies that are operating against our own interests and in some cases with respect to this pandemic, we saw the president wrote an excoriating note
example, will be especially strange this year as we are instructed to maintain social distancing even as we gather to have some fun in the sun. one place where bathers are not welcome is new york city where mayor bill de blasio has threatened to pull people out of the water if they violate his no swimming rules. just look at that. the new york metro area remains mostly in lockdown. doesn t expect easing in the city apparently until the first half of june. meanwhile, more and more pushback against the closures as the economic carnage mounts around the country. some business owners fearful that their livelihoods are being destroyed are openly defying orders saying they ll risk fines and imprisonment rather than keep their stores shuttered any longer. and we now have important information from a number of states that have had several weeks of experience with loosened restrictions, and it does seem to suggest their plans are working. so were the draconian lockdowns actually even