Joining me now is satyam panday, Chief Us and Canada Economist at S P global ratings. Satyam, what are the key elements here that youre looking at that mean theres going to be a drag on growth . We are mostly focused on the consumer sector, we are mostly focused on the consumersector, like we are mostly focused on the consumer sector, like you mentioned in your opening statement. We are starting to see some Consumer Caution creep up, see some Consumer Caution creep up, especially given how the Labour Market has moderated, we have also seen the real Income Growth so often, and that means most likely moving forward, the same type of growth coming from Consumer Spending iS Probably going to be softer, and if you think about the Consumer Spending, you have to look at the taxes being collected state and local site, so the Upside Surprise we have seen from the state and local Government Spending is also going to be softened moving forward. Put it all together, it is the consumers that are go
Indication of yesterdays rally. Dow futures up 121 points. Thats half 1 , s p futures up 13 and nasdaq up 24. Dow on track for worst quarter since 1987, s p 500 having worst quarter since 2008. Speaker nancy pelosi looking for a phase 4 coronavirus package calling for Infrastructure Spending now and more money sent directly to americans. Major retailers furloughing staff as Stores Remain closed, macys, stores, the gap, cutting payroll impacts hundreds of workers. Unemployment rate could top 32 . Mornings with maria live right now. We want to check Global Market this is morning. Last day of the First Quarter in europe, green across the board. Dax index in germany higher by 200 points. World Health Organization says there are signs the coronavirus may be approaching a peak in europe. In asia meanwhile markets were mixed, take a look at the numbers on asian markets, best performer there korea up better than 2 although japan was down 1 . China says factory activity is growing, purchasing M
Pace for its fifth positive week in a row, why the rally . Pace for its fifth positive week in a row, why the rally . What we are auoin a row, why the rally . What we are going through a row, why the rally . What we are going through right a row, why the rally . What we are going through right now a row, why the rally . What we are going through right now i a row, why the rally . What we are going through right now i think a row, why the rally . What we are going through right now i think is| going through right now i think is that the broader market, s p 500 and nasdaq, reliant on a small number of names, dow is more industrial oriented. Leadership this year, names and the energy sector, Utilities Sector for example that have done very well and so energy has done better than the broad market and so i think that is what is boosting the dow. Is boosting the dow. Lets talk about some is boosting the dow. Lets talk about some of is boosting the dow. Lets talk about some of the is boosting
To capture the city of kharkiv, in the north east of the country. But, in kharkiv region, police are going door to door in the town of vovchansk to evacuate the remaining residents, as Russian Shelling intensifies. These images are from vovchansk. Russia launched a Surprise Offensive there last week, with one analysis suggesting Russian Forces have advanced by about 10 kilometres, creating a new front in the war on ukraine. A sixteen and a half hour Air Raid Alert has now been lifted in kharkiv itself. Our ukraine correspondent James Waterhouse is in kyiv with the latest. This war has now firmly moved from Trench Warfare in this North Eastern part of the front line. I dont think the words of Vladimir Putin, where he said at a Press Conference in china, that there were no plans, for now, to try and capture the city of kharkiv. I dont think that will bring a collective sigh of relief for the thousands of people still living in the city. I think there are two things at play. Firstly, i do
And, yes, dont foet. Building a more effective border wall. Our fox business all stars have every angle covered for you. Plus President Trump has his new National Security adviser ready to go. Start with russia, iraq, north korea, and other hot spots testing the new administration. Where should general mcmaster start . Former deputy National Security adviser john hannah will answer that question and many others. Plus milo resigning from Breitbart News. Charlie gasparino way ahead of the story, he breaks it with details from inside the firestorm. Were less than an hour from the closing bell. Im Ashley Webster in for liz claman, lets start the countdown. Ashley well, we are following breaking news at this hour, milo resigning from Breitbart News. Hes due to speak to the press at any moment about his resignation which comes from the wake of controversial statements he made late last week. When that happens, we will take you there live as you can see the podium waiting. In the meantime, th