of cool intelligence danielle de martino booth ladies thank you for joining me today christy let's start with you it looks like markets didn't have that big of a reaction to these new unemployment numbers what are we seeing on the surface day . well on thursday the markets completely ignore the new unemployment numbers and was actually up in fact it's it was massively in the middle of the day and mark one of the 1st time one of the major indexes the nasdaq was up here today it's in the entire corona pandemic the closure of all the non-essential businesses so essentially we had all of the tech rally and all of the good earnings from google facebook essentially all the fang stocks it basically let all the market back up and we are now just a wall toss away from the all time highs so basically even with the unemployment numbers the news wire was bad but apparently this is less bad because last week's tally was the lowest since shortly after the quote a virus was declared a pandemic so many analysts believe that we have kind of cycled through the worst of the 4 shutdowns but on the other cam

of intelligence danielle de martino bill thank you both for being here today now daniel i want to start with you on this tuesday marked the day the fed began purchasing corporate debt by a special purpose vehicles at the treasury why is the fed going through the treasury to do this. when the fed is going to the treasury because it's illegal for the fed to hold corporate debt on its own balance sheet that is precluded by the federal reserve act of $913.00 so in order to get around that to circumvent the law if you will the federal reserve has set up a special purpose vehicles on the treasury's balance sheet at which the in which these corporate bonds will be housed and. i wanted to get more news in here on that too it's been leaked that the trump administration had asked the fed to help out the energy industry at the moment when the industry is facing enormous problems but the fed can actually make that move right. well really they can because they can be bailing out one particular industry over another so what the fed has done though is they are really putting out billions and billions

of cool intelligence danielle de martino booth ladies thank you for joining me today christie let's start with you it looks like markets didn't have that big of a reaction to these new unemployment numbers what are we seeing on the surface day . well on thursday the markets completely ignore the new unemployment numbers and was actually up in fact as it was massively in the middle of the day and it marked one of the 1st time one of the major indexes the nasdaq was up year to date the entire krone pandemic led to the closure of all the non-essential businesses so essentially we had all of the tech rally and all of the good earnings from google facebook essentially all the fang stocks it basically let all the market back up and we are.

how much more stimulus will go into this boom bust co-host christine and former fed insider danielle de martino both thank you so so much for your time. thank you. on wednesday the u.s. told the world trade organization there was no valid basis for the e.u. to retaliate with tariffs against the u.s. this is over the ongoing boeing airbus subsidy disputes well u.s. trade representative robert light hisor said with washington state's repeal of this relatively minor tax reduction the united states has fully implemented the recommendation and ng this dispute this step ensures that there is no valid basis for the e.u. to retaliate against any u.s. goods while in cases dating back to 2004 the w t o found the world's 2 largest plane makers received billions of dollars and unfair subsidies will ultimately it would allow both sides to then impose tariffs on each other's goods the u.s. already imposed tariffs on $7500000000.00 worth of goods including aircraft wines and even cheeses well the w t o is expected to reach a decision on use tariffs request by june. time now for a quick break but hang here bec