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There is no question, in all my years, this is the oddest jobs day, with a bomb shale with a bombshell earlier this morning. The president had the first have contracted the virus. We will show a shot of the white house here in a bit, describing the second floor and the president s president ial rooms. Right now, we are beginning to hear with our bloomberg reporting from people in washington. Jonathan heard from jen jacob in her reporting before the top of the hour on the aids close to closeesident the aides to the president that were concerned. We understand the Vice President has tested negative, so that is good news for mike pence. What we dont know yet is whether former Vice President joe biden is out. We understand he will be tested at some point today. It is a highprofile track and trace. Everyone that has been in contact with the president , with hope hicks over the las ....
Good. You were with us last on march 23rd you said then, this could be near a bottom. You said that you were, quote, nibbling and it was time to buy a little if you were a longerterm investor are you surprised how far weve come and how quickly weve gone there since that day yeah, its been a bigger move than i thought it would be, for sure but look, theres been a lot of fed action and a lot of government packages since that day and on that day and since that day and, you know, a lot of that probably moved the market than it has the real economy up to this point. So those things happen now the question is, whats the right value for the market now well, thats an interesting question your friend, stan drukenmiller yesterday said this was the worst the risk reward for stocks was maybe as bad as hes seen it in his career. Hes had a long career, david. So do you feel the same way that stanley does how would you put this into context now as to what the right valuation for the market is . Dans ....
105 in iowa, that is a lot for us. Just a couple of hours ago i was on a call with iowa state leaders who are at the state Emergency Operations center. Let me say that again. Emergency operations center, an e. O. C. You just dont set those up for fun, folks. You set them up when your state is in crisis. They gave us a picture of whats going on with our workers and our Small Businesses on the ground in iowa. Within three hours the state received over 11,000 calls for Unemployment Insurance. 2,000 of them are selfemployed. They wont qualify for Unemployment Insurance. You know what would relieve their hurt . This package, phase three. Meanwhile my democratic colleagues are holding this bill up that would actually deliver the relief that is nece ....
Tenyear yield falls below 10 and the Services Sector growing, accelerating with private payrolls beating expectations as well huge lineup of guests for you, starting with our closer, the ceo of camp bell soup, mark clouse that stock is up today and scott black, where hes putting his money in the mix of this volatility. And as we get another global Interest Rate cut today, this time from canada, we will be joined by former fed vice chair donald kohn. Joining us for the first full hour, final hour of trade is josh brown, ceo of ritholtz Wealth Management. Your take on the rally and how sustainable it is . Well, its a rally in the context of a market thats moved more than 2 in either direction in five of the last seven days, which has happened before, but its fairly rare and i think when you look at health care being up ....
Stronger as well. There was a story this afternoon that the brexit party has decided not to compete in a few more seats. That could help out boris johnson. That is likely to lead to a potential majority for boris johnson, the market is assuming. As a result of which, the pound is going higher. The german tenyear up a little bit today, moving up by a basis point. We are barely moving, to be honest. What we are seeing is a bit of a reversal of what had been a very solid week. Yields have been going down throughout the week when it comes to the bond market. A little caution coming into the trade narrative. Vonnie risk assets rallying. This partially after larry kudlow, white house Economic Advisor, signaled the u. S. And china are booking progress on trade negotiations, saying, we are coming down to the short strokes. We are speaking to them every single day. We are joined by bloomberg trade reporter shawn donnan. Anyone who gets t ....