Heavily in the new west coast talk breaks down the prospects for an economic recovery. Hello and welcome across top were all beings are considered im Peter Lavelle as the culture war consumes american politics during this election cycle the economy remains in a big area state millions of people live on the margins the only constant for them is insecurity economists debate and eventually recovery they speak of you of the end you know but is the reality a k. A recovery a permanent underclass. To discuss this and more im joined by my guest Richard Wolffe in new york he is Professor Emeritus of economics at the university of massachusetts amherst as well as author of the recent books understanding socialism and understanding marxism and in west cork we cross to peter schiff he is chief global strategist at europe a civic Asset Management right gentlemen crosswalk rules in effect that means you can jump in anytime you want and i always appreciate it ok lets go to new york richard you know l
Light of Russian Secret Services against the only ill. Move around i have no doubt that in order to i believe its done as a. Reaction to who is absolute terror consequent on the elements right. Also coming up a president from former advisor steve banned in has been arrested on fraud charges allegedly tapping money from a private fund set up to help build the border wall between the u. S. And mexico havent been dealing with him at all. I know nothing about the project other than i didnt like when i read about it i didnt like it i said this is for government this isnt for private people. But to our viewers on p. B. S. In the United States and all around the world welcome but we begin the day with a case of suspected poisoning in the cutthroat arena of russian politics the country. Opposition leader alexina of all the is in intensive care and on a ventilator at a hospital in siberia tonight early on thursday he boarded a plane headed for moscow but the pilot made an Emergency Landing when
Chinese demand levels almost at precrisis level. Time for todays market moving news from our washington and new york teams. We want to start with fed chair jay powells comments on the economy. In an interview with cbs, he expressed confidence in the recovery, but timing is still hard to predict. Chair powell the economy will recover. It may take a while. It could stretch through the end of next year. We really dont know. Michael mckee, International Economics and policy correspondent, has more. Was there anything new on cbs . Michael nothing really new, just summarizing what we already knew from the fed and from economists and disease experts. He suggested that what it is really going to take is a vaccine before people feel really confident and the economy can start to move back in the direction of where it was before all of this started. He said congress and the central bank may need to do more to keep us afloat during that period. Appropriate government policy could buy time for work
Drug failed in trials. Good afternoon afternoon and good evening, good morning. This is viviana , this is bloomberg surveillance. First thing is first, this is what your markets are doing. A lot of the focuses on earnings. A lot of the focus yesterday was the fact that we saw this blunder through w. H. O. Leaking. We understand gilead and the impact we saw on the markets because the trial was not as successful as a lot of people were hoping it would be. Overall, your markets are also focusing on oil. Touch today, west texas actually extending the recovery, treasuries climbing with the dollar, and a lot of the focuses what is going on with italy, the Italian Government bond fell after the europeans felt signed off on this plan, immediate follow from the pandemic, and we also look at Corporate News and some of the earnings. Ifo german Business Confidence falling, but it was expected. Of the 79. 7 figure. Again, that is the lowest ever, and in about 30 minutes, we will speak to the head o
Are stuck at home. One on one with Lindsay Vaughn you are watching Worldwide Exchange here on cnbc welcome from wherever in the world you may be watching. Im Brian Sullivan it is early but looking like yesterday could be kind of a one and done for the equity markets. Stock futures are flat to slightly down. That benchmark index still down 3 for the week. Nasdaq down under 2 big tech has been outperforming as of late oil trying to stabilize after an incredibly volatile, record breaking week. We are at 15 and change on u. S. Contract slightly under 22 on international internationalal trade. Yesterday, the president warning any u. S. Ships to destroy iranian vessels that come close to them at sea and a regular lator that will shut down an oil well is not at risk of losing that well long term that may lead to more shutdown and decrease of production we want to keep a close eye on the uso etf. It has been halted a numerous time over the last couple of days normally, this would just buy the