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Unemployment rate over 10 , and that is nothing like what we see this morning. The mystery of what we see with this is absolutely extraordinary. Weve got the voices lined up to talk about it. The market standpoint, economic standpoint. What is missing, maybe we will get that from mr. Kudlow later, what is the view of washington on the American Labor economy . Jonathan and will the view change with jobs numbers falling apart . I never thought i would sit here and say it could be positive one million, could be one million. Quite simply, no one knows million. Negative one quite simply, nobody knows. Tom Bernie Sanders of vermont talking about the inequalities out there. This jobs report will show the start discerns between the stark difference between the haves and havenots. Lisa that has really been the hallmark of the crisis that has ensued. Theres a question of looking at the ....
Jim isto ms. Joint joining us now. This is the question of the moment. Is the momentum lost or is the economy going backwards . Jim you can almost go statebystate and tell me what the case counted as and i can tell you how much economic momentum they have lost. The biggest Economic Indicator is rising covid cases. Once that peaks nationally and thets down, we can see acceleration again. But all of these rising case numbers are spooking the consumer. And the consumer is taking this on their own, they are not waiting for their governor to shut down or rollback. When they see their area increasing they react. Inathan you see this highfrequency data and i wonder what it will look like, this is really difficult for some any people on wall street. Continuing claims looks better, initial jobless claims speaks to the stalling. How on earth do you come up with an estimate for payrolls in a couple of weeks . Going to be hard. This was d ....
Not providing them universal basic income or universal Health Coverage with a single pair or medicare or all system because of things that people in other developed countries in the world is the richest country in the world the United States other people take medicare for all for example Single Parents as they take that for granted and so now you have the absurdity of a country that is on top of that continuing to murder people of color in the streets without cause on video and you expect people to somehow react and have no reaction to that and so you know the definition of a failed state in Political Science is a government that they also protect its people and doesnt provide basic services now in the United Sta ....
Highs today, down about 2 . Trading volumes are down for the dow, s p, and nasdaq. Remember, we have a short trading week next week because of the memorial day holiday. It will be time to take a breather and plenty of people will be doing that. S put of 11 groups in the 500 closing in the red. The exception, industrials. Boeing and raytheon. Fromng to keep the dow falling as much as, say, the s p and nasdaq. Andre seeing some buying some of the beaten up areas, including small caps. Lets bring back dennis to. Ushehr of evercore isi in terms of data, highfrequency data will be top of investors minds. We do get some housing numbers tomorrow and there is anecdotal evidence that there are a lot more people interested in moving out of cities, certainly in the tristate area. Parts of that, that part of the economy still continuing. What is your view in terms of housing and how that will play out . It is one of the good aspects of the pandemic, that we went into this with an extremely strong ....
We with the for you to follow events andxios follow on twitter axios. Our first guest, sophia dickens, started a Small Business. She will be joining us from orange county, california. She created eQ Entertainment. And the brand q wonder, a curriculum that helps people learn at home, which suddenly is in a lot more demand. Thank you for joining axios. Thank you for having me, mike. Mike how is california . I wish i was there. It is stunning, but it is outside the window, so not quite enjoying it like i used to. Mike sophia, you got the idea goteQ Entertainment, you this idea from a college class, which i think Small Businesses start with, just a germ of an idea. Tell us about it. I remember being blown away as a student at harvard by 40 ands of data, that social ....