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The nasdaq at 2. 0 we can buy the stock we can buy the recovery stock once we get a vaccine. We have people returning to the cities we buy the apartments. We have a lot of people eating at home will soon eating out again with a vaccine so not by the food packet place and the restaurant thats adventure wisdom. After a huge run over the last week and a half where the market is very over bought and a ton of strategists raising 2021 dramatically i am going to articulate a different field, a caution one it never works out that everyone wins i am going to sigh at tay at th beginning. I dont think all of this will happen you got to know, maybe have some cash if stuff happens, you can use the buy. First, it is terrific that we can see through the valley of the shadow of covid. Jesus, we are seeing at insane number of new infections here to the point where hospitals are overwhelmed. While we gotten much better treating the virus, it is undeniable we are approaching a triage situation. Not good ....
Potential improvements to the healthcarere law. This is two hours. Thank you for joining us today. We are holding a this hearing virtually. Before we turn to todays topic they help you navigate the virtual narrative and first consistent with regulations, the committee would keep microphones muted. Members are responsible when they seek recognition or when recognized. Second members must have their cameras on at all times. If you need to step away from the proceedings, please leave camera on rather than loggingat out. Third, we will dispense with our practice of observing and instead go in order of seniority alternating between majority and minority beginning with members of the oversight subcommittee first. Finally, without objection, the representative is authorized to serve as the chair in the event that i have some technical difficulties or whatever. Ive thin thank you all for your continued patience as we navigate this technology in order to continue serving our country together in ....
Environment, both here in europe and around the world. About the data that we are getting throughout the what it means. We are getting pmi data from europe. We rely on the ism data in the u. S. The sent seems to be the employment components are weak and the headline numbers are strong. Orders look pretty good. Jenna henry, global chief economist joining us. Break it all done. We have had the ism and the pmi data. Thewondering how useful data is really and giving us clues at clues as to whether Global Economy is . Not very. But t low levels, still at low levels. Equity markets are looking for their v. It is whether that b continues. There are useful snapshots. It is always encouraging to see territories. It gives us some idea that things are improving. It doesnt tell us anything about the future. Alix what do we learn from germany . Retail cells had a huge pop in may. Retail sales had a huge pop in me. Janet the difficulty you got ....
That plays how throughout the afternoon, but it is certainly cassidy a pallor certainly casting a pallor over these markets. The stoxx 600 down more than 3 . All of the major indices, from the docks to the ftse 100 to the 3 . 40 down more than group just one stock 3i group just one of the stocks bucking the trend, up more than 5 . Prudential, the insurer, down 8 . It says it will be a difficult Second Quarter. We will speak with another insurer headquartered out of london little later on, the lloyds of london Ceo John Neal about difficulties for ensuring markets in this environment. That is all to come in the next two hours. Lets get back now to the u. S. Initial jobless claims coming in at 2. 9 8 million last week, topping initial estimates. That brings the total now to 36. 5 million since the coronavirus pandemic began shutting down businesses midmarch. Lets get to our guest ....
Lots of earnings coming out. Ups is the latest. They are withdrawing their 2020 forecast for revenue, as well as eps, as we have seen from Many Companies trying to estimate the impact. Theirre withdrawing forecast. They are suspending the Share Buyback for 2020. We want to get you all of todays top moving news from new york and our london team. We want to begin with the volatility in the u. S. Oil market. Wti at one point falling below 11 a barrel. Bps ceo, after the Company Released firstquarter results which showed a 2 3 drop in profit. We have a situation where we have excess supply, and storage is filling up. Cushing is 70 full. People think we will reach completely full sometime in may. We are very fortunate to have a large trading organization, and they have been able to find a physical home for our crude, but not ....