's rally to records, which had been leading the market higher, ended Wednesday. However, Apple shares were higher in Thursday's premarket.People line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Kentucky, June 18, 2020.The Labor Department, at 8:30 a.m. ET on Thursday morning, is expected to report a 14th straight week of coronavirus crisis-driven initial jobless claims of over 1 million. Economists are forecasting that 1.
The Commerce Department, also at 8:30 a.m. ET, issues two data sets: Durable goods orders for May and the final reading on first quarter gross domestic product. Durable goods are expected to jump 9.8% after falling 17.7% in April. GDP is expected to show the same 5% annual contractions registered a month ago.highest single-day of new Covid-19 cases ever,
with 45,557 diagnoses reported Wednesday, according to a tally by NBC News. That number was more than 9,000 infections higher than the previous daily peak on April 26, weeks before states started to shut down their economies in hopes of slowing the spread of the outbreak. Florida and California, two of the largest economies in the U.S, reported record numbers of new cases and rising hospitalizations, sparking concerns that Tallahassee and Sacramento could be forced to implement new stay-at-home orders and close nonessential businesses again.
How well did it work to deny the virus was a concern? Are we ready to take it seriously yet? The economic damage could have been mitigated with competent leadership.
1. The economy is fake. It's horoscopes for old white men. 2. Portfolios bought and sold randomly perform better than predictive trading. 3. Corporate profit is inherently exploitative. 4. They're gambling houses. 5. They aren't even cool.
Not a good week for Trump
1. It’s rigged and over priced 2. It’s rigged and over priced 3. It’s rigged and over priced 4. It’s rigged and over priced 5. It’s rigged and over priced