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Quarter. The sharpest decline since 2008. Now more than 30 Million People have applied for Unemployment Benefits in just the last six weeks. As states are ramping up to reopen, what can be done to safely jumpstart this economy . Joining me now is omede mall lick, thank you so much for joining us. Hope youre staying safe and strong in this shutdown. Thanks. Same to you, maria. Maria isnt it unbelievable that even as we are in this shutdown, we are seeing states across the country reopen this weekend, yet the markets have done exactly what theyre supposed to do, provide liquidity. Boeing offering, 25 billion bond offering from boeing went incredibly well. The company has been push being back on government, we dont want any help, we dont want any Financial Assistance because we dont want the government telling ....
The university of oxford saying they might have a vaccine as early as september. More than half of states have begun or will soon begin allowing more businesses to operate again according to strict safety guidelines that. s vital to get the economy moving. The initial reading of Gross Domestic Product in the first three months of this year showed that the economy sank at an annual rate of 4. 8 , the biggest quarterly decline since the big recession, and economists believe the numbers are going to get worse. Federal reserve chairman jay powell believes the unemployment will soar, saying that we cant worry about the massive amount of debt piling up on the federal ledger right now. This is not the time the act on those concerns. This is the time to use the great fiscal power of the university to do what we can to support the economy and try to get through this with as little damage to longer run productive capacity of the eco ....
Likely to hit around 15 . This morning, the private sector reports the loss of 20,236,000 jobs just in april. Reopening the economy is designed to try to bring back some or most of those jobs. So here we are. With all the bad Economic News breaking around us, what does the market do . Well, it rallies. For the third day in a row, the market opens higher. This is a bet on the recovery and a bet on the federal reserve, which is putting at least 4 trillion into the economy, and the treasury which is putting in over 3 trillion. Thats called stimulus. Investors appear to like it. The dow is going to be up about 140 points. Nice gain there. The s p up 15, nasdaq up about, what, 58, 60. Look at this. Oil, 23 a barrel. Thats where it is now. Earlier, it had been at 25. There has been a dramatic fall in supply and a hopedfor pickup in demand as some states start opening up their economies. So thats why we are in the mid 20s for the price of ....
Quarter. The sharpest decline since 2008. Now more than 30 Million People have applied for Unemployment Benefits in just the last six weeks. As states are ramping up to reopen, what can be done to safely jumpstart this economy . Joining me now is omede mall lick, thank you so much for joining us. Hope youre staying safe and strong in this shutdown. Thanks. Same to you, maria. Maria isnt it unbelievable that even as we are in this shutdown, we are seeing states across the country reopen this weekend, yet the markets have done exactly what theyre supposed to do, provide liquidity. Boeing offering, 25 billion bond offering from boeing went incredibly well. The company has been push being back on government, we dont want any help, we dont want any Financial Assistance because we dont want the government telling ....
The university of oxford saying they might have a vaccine as early as september. More than half of states have begun or will soon begin allowing more businesses to operate again according to strict safety guidelines that. s vital to get the economy moving. The initial reading of Gross Domestic Product in the first three months of this year showed that the economy sank at an annual rate of 4. 8 , the biggest quarterly decline since the big recession, and economists believe the numbers are going to get worse. Federal reserve chairman jay powell believes the unemployment will soar, saying that we cant worry about the massive amount of debt piling up on the federal ledger right now. This is not the time the act on those concerns. This is the time to use the great fiscal power of the university to do what we can to support the economy and try to get through this with as little damage to longer run productive capacity of the eco ....