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Today, but you are absolutely correct. We have ebbed away in the last few hours or so. The events over the weekend are absolutely extraordinary, and they are original and unique versus other times of unrest in this nation. Gatesan and the of the and the events of the weeks to come will be remarkable as well. The equity market is totally unchanged at 7 00 a. M. Eastern. As we count people down to that payrolls report this coming friday, we are approaching 20 unemployment. Tom my calculation over the weekend from research 18 s is 70 to unemployment, and the model above that other people who get 2 21 to to 22 unemployment. Americans, unemployment could be 30 . Lisa theres a tension right now between improving Economic Data and the backdrop that is really bleak of rising Unemployment Rates that have decimated certain communities. Today, are looking at ism manufacturing data at ....
Europe and why debts keep rising so much in spain and in italy and what can be done. Tom we have an important interview in the next hour on the virus. We will go to mount sinai for that. I am next to the outside i manhattan hospital in new york. I will tell you, it is an extra ordinary monday. I know you see in in london, we see it in new york, with quiet streets and politicians really needing to adapt. My major message in this hour is the complete readjustment and struggle that global wall street is having trying to gauge this contraction. I love what bruce kasman said at jp morgan. He looks back and harkens back to the contractions that we saw before world war ii. Francine i think we had an update on friday from goldman sachs, j. P. Morgan on the Second Quarter gbp just gdp in the u. S. , and the numbers are nothing like we have ever seen before. So i know we have a full round of update just on the lockdown, different in new yor ....
Wall street is set to join that Global Equity selloff at the open plus, th juan falling to a more than ten year low versus the dollar China Central bank denying it is devaluing its currency shares of apple, theyre down, like everything else, or more, ahead of the opening bell. Which trumps tariff threats could mean for that technology giant. And potentially for the costs of the iphone we start, though, with the Broader Market stocks under pressure around the globe as u. S. China trade tensions escalate. Chinas yuan, which has now breached the 7 level for First Time Since 2008 is certainly a focus this morning in response to that move, the president tweeted this morning, quote, china trdropped the pric of their currency, called currency manipulation, are you listenin ....
And ill show you the bay bridge coming up. New today, after several highprofile Deadly Police shootings, there is a new bill outlining when police can use deadly force. Today in the bays bob redell joins us live from the newsroom and all thats needed now is Governor Newsoms signature. So whats this about . Correct, kris. Governor gavin newsom is expected to sign a law Assembly Bill 392 which cleared the legislative late yesterday and on its way to his desk for signature. Assuming bill 392 becomes standard, there will be a new when officers can open fire on a suspect, only when the officer needs to defend against imminent threat of death or serious injury to themselves or innocent civilians. The current standard for deadly force is when the officer thinks its reasonable. The new law would elevate to when its necessary. Law ....
President jim bullard said the fed could begin winding down its massive Balance Sheet later this year. He suggests the shift makes it nez to raise fund rates but bullard told reporters it differs on the topic. Janet yellen is speaking at the university of michigan this afternoon. Wednesday, look for import prices, thursday brings jobless claims and march cpi. Markets as i just told andrew closed on good friday. So there is no work. Is that why you didnt know . I said to you how great a morning it is on squawk box. I did realize that there might not be a squawk box on friday morning. Ill give you the benefit of the doubt because easter is early this year. Its like so, i wasnt thinking. I mean, im not going to be here as of wednesday. Right. You already planned your so, i knew that was coming because there was packing involved and things like that. But im glad that that set you off in a good mood. As you know, positivity is my new ma ....