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A little history most of them good. Maybe one bad way. It is your rbi its ahead right here on Worldwide Exchange on cnbc well, good monday morning and good afternoon and good evening. Thank you for starting your week with us here on Worldwide Exchange on cnbc and heres how your money and the Global Markets are setting up there monday stock futures are lower and they come off their lows by about 100 points remember very volatile at this hour particularly in the summer. Now in regard to the market the dow and the s p coming off their Third Straight week of gains the nasdaq though, it fell partly to blame for technology and probably the theme to watch is big tech. Its amazon. Amazon seeing the first down week much more on the rbi i dont want to give too much aw ....
Run into the house like they dont want to they dont want to talk see her get your mail or anything like that. I just want to go. Back and do that. Just try read a. Good chance someone give me. And this is the one bit the show you cant afford to miss more in washington coming up also the ongoing global adolescent kroto virus has been the Oil Price War between opec members we catch up on the move. Moves in the oil sector and where demand stands amid the drop in travel plus i g. M. Has announced that the company is stepping out of the facial recognition game after growing outrage surrounding the practice we take a dive into the Controversial Technology and how the firms stock is reacting we have a fact show today so lets dive right in. And the United States has officially entered a recession in february of this year ....
A recession than they generally like the any b r wrote about the situation saying the unprecedented magnitude of the decline in employment and production and its broad reach across the entire economy warrants the designation of this episode as a recession even if it turns out to be briefer than earlier contractions now economists generally define a recession as 2 consecutive quarter months of 2 consecutive quarters of Economic Contraction g. D. P. In the us has already fell by 5 percent in the 1st quarter of this year and the economy is expected to climb by a steeper margin in q 2 of 2020 lets get some expert analysis on this and and the state of the economy with todd morris chief strategist at bubba trading and cohost christiane who joins us from los angeles thank you both for being here today but i want to start with you now the end declared that the u. S. Recession began officially in february now this marks the fastest a ....
Thanks for having me back listen i put very little stock into what any account is really said because theyre not calling it until its already over and theyre sure on your show with you i said that were going into a recession back at the end of january it was easy to see that the years are to break down and of course then the buyers really kicked in and we saw the country shut down which is automatically by itself going to create some major problems creating a recession again this steve this is how fast they bond nobody really knows the answer to that and well see where we go from here but at the end of the day were going to start to see the country start to open again were seeing more action in the market and were seeing the actually people start to go to work so again if the virus stays away and we can continue to open and get the country fully open then the recession will be over however there are always the chances that we could have a rebuild this virus and they asked again and we ....