larry kudlow.

larry kudlow coming up next.hen you say what you're in the mood for, the xfinity voice remote will find exactly that. happy stuff. the group's happy, i'm happy. you can even say a famous movie quote and it will know the right movie. circle of trust, greg. relax, the needles are jumping. you can learn something new any time. education. and if you're not sure what you're looking for, say... surprise me. just ask "what can i say" to find more of what you love with the xinity voice remote. guy: what a day. european markets flying as a result of what we have seen in the jobs report out of the united states. we are seeing a big rally on both sides of the atlantic. it has been a huge week, particularly if you are a thrar -- dollar investor. let's look at the numbers and the session. you can see the immediate impact of the payroll number that came through. surprising just about everybody in terms of the very strong performance that we have seen, a plus rather than negative number being delivered. in terms of what we are

what does larry kudlow think about that?, he joins us in our 11:00 hour. >>> then in georgia, some people waited in line for hours to vote in this week's primary elections. what does that mean for the election in november? i will ask georgia congressman barry loudermilk what he thinks about it. >>> then there's fox.com, the website where you can buy things in bulk. it's seeing a spike in sales as people prepare to go back to the office. the ceo joins me on that coming up later on the show. stuart: it's still obviously a down day. we've got the dow industrials off 800 points. look at that nasdaq down 239. big tech, appropriate to check them now, not down as much as the other groups of stocks, but still off 1%, 1.5%, 2% down across the board for big tech. beyond meat, that stock is down 4.5% even though they've got an expansion of their manufacturing capacity in europe. the stock is down seven bucks. look at the level, $149 on beyond meat. >>> continue online shopping. well, is that booming while people are stuck at home? laur

and a more cautious outlook for the economy, larry kudlow says there will be a chance for a v-shaped economy. he told cnn the unemployment rate will fall and 2021 will be another solid year. kudlow also said the $600 a week on his payments made to some unemployed americans would end as scheduled july 31. he said that would event a disaffected or the -- a disincentive for the unemployed to return to work. china industrial output rose 4.4% in may but that missed estimates. retail sales declined more than expected, and so did fixed asset investment. british prime minister boris johnson is encouraging consumers to shop with confidence. shops reopen in england today. and johnson says the requirement to stay roughly six feet apart could be relaxed. chancellor of the exchequer said it could be a cut in sales taxes. global news 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in i'm than 120 countries, rich. this is bloomberg. ♪ >> i thought the chairman was a little morose when he give those statements because actually the forecasts wer

by the way larry kudlow will be joining us very shortly.al estate on this program. it seems to me to be going places. we got the latest read on new home sales. ashley. ashley: all right. people are talking to me as you speak, stu. 676,000, 676,000 on an annualized basis. that is better than expected. whoever does these estimates gets them wrong every time, right? we're looking for about 640,000. we're up to 676. signs of live always encouraging in new homes sales. stuart: stu. stuart: 676,000 on annual basis i think it's a few strong. ashley: i would agree. stuart: that is a pretty strong number. i want more on this, i am told, i don't know what the source of this is, but new homes are attracting more buyers, because they are customizable. tell me more about that, lauren. lauren: exactly that, they are new homes. meaning you're the first to live in them. you make them what you want. we're seeing signs of home building that are very strong because people cannot find what they now want in existing homes. listen. >> the inventory is really vie

joining me now to discuss all of this but mainly the latter is the president's top economic adviser larry kudlow. mr. kudlow thank you so much for joining us. the federal government for unemployed americans gives them an extra $600 a week in benefits. but it's slated to run out in six weeks. and now obviously the health effects and economic effects are going to last longer than that. should american families that are receiving these extra $600 checks right now expect that money to stop in august? >> well, unemployment benefits will not stop in august. what may well stop, and reform is necessary, almost all businesses, frankly, on both sides of the aisle or mostly both sides of the aisle, understand that the $600 plus that's above the state unemployment benefits that they will continue to receive is, in effect, a disincentive. we're paying people not to work. it's better than their salaries would get. and that might've worked for the first couple of months. it'll end in late july. i think that returning to employment, we are in the administration, the president is looking at a reform measure that

larry kudlow joining me live in one hour.ces erasing early losses, the fq100 is down 13 points, the cac is up 16, the dax in germany is up 31, about a quarter of a percent higher. in asia overnight it was south korea and japan on the move, seeing declines, the kospi index down two and a quarter percent. investors fearing a slower than expected recovery. markets in hong kong and china closed for holidays overnight. bubba wallace speaking out after the fbi determined he was not in fact the target of a hate crime. cheryl casone with those details. cheryl: the nascar driver says he's relieved the rope that was found in his garage over the weekend was not a noose. wallace released a statement on twitter saying i think we'll take a little embarrassment over what the alternative could have been. this should not detract from the show of unity we had on monday and the progress. the entire nascar community showed support for wallace on monday. there it is, escorting his car onto the track at talladega super speedway. the fbi determined

>> let's bring in now national economic council director larry kudlow very good afternoon you to thank you so much for joining us. >> thank you, will appreciate it. >> i want to kick off in terms of what we've seen a little pickup in the number of hospitalizations do you stand here today and echo the same sentiment that we had from the secretary last week that it is almost impossible to envision a full economic shutdown again even though the numbers are ticking up is. >> well, look, yeah. i'm not the health expert. but i will tell you the numbers are ticking up in spots. the nationwide numbers, we just got the cdc numbers. and fatality rates are .7% that's over seven day period they have not moved. they're almost flat. and that trendcontinues. that's to be expected. remember, we're testing. i mean this is what one of the health people reminded me. we're testing 1 th,000 times mo than we did back in march when this terrible story got started. so you're bound to have some upticks in some places by and large, in the hospitalization rate, the prior guest is right nationwide, hospitalizatio

you prepare for what can possibly happen. >> reporter: look, larry kudlow is my friend. we worked together at cnbc for many years. it is hard to think of a public official with less credibility on this topic than larry kudlow. he's the one who said we've got it controlled air tight several months ago. >> peter navarro is right. whether you call it a second wave or continuation of the first wave. we're not out of the first wave. exactly half the states now have virus reproduction rates exceeding one meaning the epidemic is expanding. six months ago two states had that. it's not gone away. it is not going away without a lot more stringent action, a lock on therapeutics and advance evens, so, of course, the white house is preparing but larry kudlow is reflecting the message that the president wants to accepted. we're recovering and reopening and got to get the economy going and downplay the seriousness of this problem and you can tell by the fact that the arena in tulsa was one-third filled over the weekend, that there is increasing recognition of reality around the country

>> i would only refer larry kudlow to the statements to the head of the atlanta bank for the federal reserve, who said very clearly we have systemic racism. >> you've got to be blind not to see this. if you say there isn't, you're not working on the same earth that most people are. >> are you worried at all about amy mcgrath losing the primary in candidate? >> she's a strong candidate, she's giving mccoconnell a run r his money. the republican party put $10 million into kentucky. she's doing very well. i believe she'll win the primary and give mcconnell a run for his money. okay, yes? >> the vice president in a "wall street journal" on said declared there suspect a coronavirus second wave and panic of a second wave is -- >> dr. pence is not someone i would go to for medical advice. thank you, everybody. ♪ >>> c-span has unfiltered coverage of congress, the white house, the supreme court, and public policy events. you can watch all of c-span's public affairs programming on television, online, or listen on our free radio app. and be part of the national conversation through c-span's da

joining me right now is the national economic council director larry kudlow and larry always a pleasurethank you so much for joining us a lot of unrest out there this morning a lot of unrest out there recently and then we've got jay powell saying i'm going to keep interest rates where they are near zero, until 2023 as the road to recovery is long. do you think it's going to be even worse with what we're see ing in the country today, all of this protesting and rioting? >> well no, i don't actually. i mean, we can get to the protesting and rioting in a moment. i think that's a separate issue, a very very important issue but a separate issue. look, i think that the economy is in recovery mode right now. i think the bottom of the recession really was a pandemic, not a typical recession and this is like an act of nature like a bad hurricane or a terrible snowstorm. it will pass, it hurt, there's hardship and heartbreak as it hits, but when it passes, you get a v-shaped recovery i think that's what we're headed for. you'll recall the jobs numbers, plus 3 million last friday, two fridays ago,

larry kudlow, thank you for being here this morning.e appreciate it. >> thanks, jake. >> democratic leadership is not he have bracing calls to defund the police, but congresswoman ilhan omar supports the movement. i'll talk to her next. plus a rare retreat by president trump changing the date of his oklahoma rally after fears it could inflaim racial tension. stay with us. even life inside can bring on things like sweat and oil. but it's nothing a deep clean can't fix. love, neutrogena®. ♪ ♪ [ engines revving ] ♪ ♪ it's amazing to see them in the wild like th-- shhh. for those who were born to ride, there's progressive. - [female vo] restaurants are our family. the cornerstone of our communities. and our family needs help. right now they're facing a crisis. and they're counting on your takeout and delivery orders to help them through. because if we don't treat restaurants like family today.. they might not be around to treat us like family tomorrow. grubhub. together, we can help save the restaurants we love. >>> welcome back to state of

are the people like trump and larry kudlow and i don't really give a damn what larry kudlow says about race. he doesn't know much about money, what he does now. so why would i care about what he says about race. and this president, i don't really care what he says about race because he is the birther in chief. he is the sons of bitches in chief. he is the shit hole countries in chief. doibt care what he has to say about race because it's irrelevant. it's ignorant anyway. you know, whatever. all i can do is call him out on his ignorance. except i have breaking news, chris. everybody stand by. this is cnn tonight. i'm don lemon. here's our breaking news. racism is solved. st raci racism is solved. its going to go very quickly and very easily. you don't believe me? just listen. >> we have to work together to confront bigotry and prejudice wherever they appear. we'll make no progress and heal no wounds by falsely labelling tens of millions of decent americans as racist or bigots. we have to get everybody together. we have to be in the same path, i think, pastor. if we don't do. that we hav

we are getting breaking headlines out of larry kudlow. larry kudlow speaking to foxbusiness news interview the direct mail checks are still on the table. heard something similar from president trump according to the washington post around 6:00 this from rescue to move to economic incentive and maybe the tax rebate will be part of that. datant on to say no virus will require an economic shut down and still standing by the v-shaped recovery. it seems to rule out another economic shut down, and talking forward, more stimulus checks of some kind. equities on the highs of the session, and i have to wonder how much of this is after president trump spat weekend -- president trump's bad weekend and how they are trying to reset the narrative as we move forward to the election. guy: absolutely. getting more and more interesting it still feels like an awfully long way away. let's talk about one of the stocks i was discussing when is talking about the close, that is wirecard. the company is up a little bit today in terms of the share price, but down

joining me now is larry kudlow, executive of the monetary council. good morning, larry. >> nice to see you >> one of the things people realize is the ppp program has really helped this economy recover, but the businesses are saying we're worried about the other side of this would you consider letting small businesses go back to ppp if they need more funds >> i'm not ruling anything out i'm not going to negotiate here. the ppp -- the loan demand seems to have peaked at about $500 billion, and i think that was an enormous help, as you suggested. i mean, really, the ppp, i think, led directly to the surprising wonderful jobs number we had last friday, where more or less 3 million people who were temporarily laid off or furloughed went back into work in the labor force and went down to 15 million, and that was the whole story, and that's a ppp story. i just want to say, i want to brag on some of my friends, the congressional budget office, nonpartisan congressional budget office, their director, mr. swagel, he said the trump team should get a lot of credi

but larry kudlow's about as good as they come. he knows his numbers. he knows his financial stuff backwards and forwards. if he says it's a v-shape, i'm willing to concede that to him. i think he's right. i think all the indications are that it's going to be very rapid recovery back. i don't know whether it's going to get to the old levels or not but i think the bounce is going to be very v-shaped. it depends, by the way, as you know, on what the next -- when the next stimulus package will be from the president. if it's a payroll tax waiver it will be really v-shaped. we are going to jump back in employment dramatically and all these people who are rioting and protesting don't have jobs so they won't be able to do that anymore and it will be great. david: let me push back a little bit because we have been talking all morning about new york governor cuomo, who is threatening to keep the lockdown in new york because we had a beautiful weekend and people went out to party and they were getting too close. i mean, you still have politicians who i think are

larry kudlow walked it back and, voila, markets are back. lundgren, you've got a one-sixty i.q., a master's in chemical engineering and you're technically a genius... and it appears you're quite the investor. i like to trade. well, td ameritrade has pros ready if you need help, say talking through a new strategy... ... just in case things, you know, get a little rocky? i'm sorry on the upside i think that's waterproof. maybe not... ♪ >>> we've got breaking news. president trump just spoke to reporters. we're going to take you there. >> it's been incredible. our numbers on the border, as you know, just about a record-breaking low. people are not being able to cross the border. the wall is helping because we have more than 200 -- we have 212 miles up of wall. so that's good. and we're going to be doing a number of things. we're going to be making a speech to young people in arizona. and we'll be meeting with some of the arizona officials to talk about their border and how strong it's become. it's become very strong. last night, we stopped an a

i know you do not agree with larry kudlow about a v-shaped recovery, that things will snap back.e just talked about 20% growth in the third quarter. how do you see the backdrop? >> i don't think he's reading the latest covid numbers of cases and deaths. i mean, we are clearly now hitting a porous period, and they have to retreat somewhat in terms of the recovery, in the first place. secondly, there are a lot of companies who were covered by the first stimulus and were supporting workers during this period of time. the revenue recovery is not fast enough and their stimulus money runs out, we're going to see an increase in unemployment my guess is in the middle of july and thereafter. so with an extra stimulus, i think it will be helpful. without it, i think no matter how much people are anxious to get out and spend, i think it's going to be a much slower recovery. maria: in the meanwhile, you are still finding great investing opportunities. i want to ask you about ipos. this week on friday albertson's went public. initially that deal was priced below expectations. how do you expec

standing next to the president during his presentation was larry kudlow. resident's chief white house economics adviser. we pulled him away and he joins us now. larry, thank you very much for joining us, sir. we appreciate it. my first question is look, why did this recovery start so early, because we weren't really expecting it until maybe july or august, but it started -- it's already started. why so early? >> well, maybe a couple quick reasons on this. first of all, we reopened. that's absolutely essential. the mitigation policy and the shut-in and as the president said today, he believes it saved, you know, maybe two million lives and i'm not going to argue with that. i think the evidence is pretty clear. so by the time of the jobs report survey week, which was may 12th, little less than half of small businesses had opened. by the way, chamber of commerce survey shows now about 80% of small business is open so june, july are going to be very good months. second point is, i think the rescue package was very helpful. i think in particular, the ppp, payrol

kudlow. i've known larry for a while. think you've known lairrry foa while. >> yes. >> the larry kudlow we knew before he walked into trump's white house gates wouldn't go around saying there's no systemic racism and also wouldn't say, hey, we've got this thing contained before -- >> all set. >> -- before 117,000 americans died. this is just another example of somebody who -- >> it's not. >> -- who -- who's sold their political soul at least to donald trump. >> it's not the larry kudlow i thought i knew and the larry kudlow i watched on cnbc all those years and the larry kudlow who i thought of as a principled conservative, free marketer, who played it straight, but remember that earlier larry kudlow also thought that tariffs were a bad thing and understood that the cost of tariffs are actually paid by u.s. consumers and not by china, as the president says. this new larry kudlow seems to have forgotten all of that or gotten awfully confused about that. so it's a -- you know, has he sold his soul for his political ambition

these are all part of what he is looking at. >> ed: larry kudlow live at the white house.ur time, thank you. >> sandraa ruling just coming ig on an lgbtq case that employees can sue for workplace virus under landmark civil rights law. joining us now is fox news chief legal correspondent and anchor a fox news at night, shannon bream. we thought this may be coming and it is. what does it mean? >> good morning. there are a bit of a complication this morning because everyone is trying to download this 172 page opinion from the supreme court at the same time and it is not fully loaded so we can tell you what we know so far and that is this is a decision authored by justice gorsuch, they have joined the more liberal wing of the court to come up with this decision saying title vii is what allows you to go in federal court and sue over employment actions does imply to and transgender employees. there has been a lot of debate and including during the argument about whether this would be an enormous upheaval in the workplace and across the nation if you changed what people argue was

this morning on fox business, larry kudlow said that implementation of the phase one deal is moving inirection. >> i've been in several meetings in the oval with bob and steven mnuchin and the president and others and that's been our view, they picked up their game, it's not just commodity buying although that is picking up, too. some of those structural issues. >> if you had any doubt whatsoever, larry kudlow also said this morning that the trade deal is happening, he said "no question about it." so they are all on the same page. neil? >> neil: you're too young but i'm thinking duck season, rapid season. duck season, rabbit. >> all i know is i was working at like 10:00 last night. i was working last night trying to put all this together. >> neil: al all right, thank yo, my friend. good job, as always. senator rob portman joins us right now, of ohio. senator, there was confusion on the trade and i'm wondering if the result now, seems like navarro is saying, everyone seems to think that the chinese are going to make good on their promises. do you agree with that? >> by the way, we've se

. >> and as the calls for racial justice continues, top white house economic adviser larry kudlow once again claimed he doesn't believe in systemic racism. >> you say i don't believe there's systemic racism in the u.s., which i found surprising, larry, given the data we've seen post-covid-19. can you just clarify what you meant? >> i don't believe in systemic racism. i believe the american system is the best system ever devised for mankind, for history. here's a thought. possib president obama was the first black president and got elected twice. he got 79 million white votes in two elections. therefore i find it hard to understand something called systemic racism. is this a systemic problem? no. it means america's bad. i don't believe that. i don't believe that at all. >> larry, i don't think it means america's bad. i think you have to look at the skpla nations for why the net worth of a white family is ten times more than for a black family or a black family led by a household with an advanced degree doesn't make as much as a white family who's led by a family with a high school degre

plus, we'll speak with larry kudlow about the latest debate over the future of enhanced unemployment benefits and what happens when they run out? we'll also take a closer look at one winner amid the volatility, the video game sector. we'll speak with strauss zelnick. that stock has been an outperform they are year let's focus in on the big stories with one hour left of trading. mike santoli tracking the action and phil lebeau and joining us to discuss the outlook for the banks is brian foran start us with the big come back that we've seen in the market this afternoon >> they're saying buy the dips we're in a dip buying environment. they proved it this morning. take a look improvement. we got that one week's time. things are looking stretched at the highs. one week ago today 3232 was the closing level then we got that shakeout. thursday most pronounced and then continued this morning. and i was pointing last week to what people were saying might actually be a zone we kind of have gravity pull. there is an 8% to 10% pullback from the highs today value stocks were leading along with thi

larry kudlow on the other side of this break.ong-term view that's been through multiple market cycles for over 85 years? with capital group, i can. talk to your financial professional or consultant for investment risks and information. he is white house national economics accounts director. great to see you thanks for joining us today. maybe we can start with the number of coronavirus cases. we have seen more cases out there. i know part of that is we're doing more testing higher percentage of tests have positive results. >> nationwide, becky, the positivity rate is still quite low. well under 10% i do agree the numbers quoted to me by the health people, i'm not the expert, they are, over the weekend, 37 states that have virtually no problems. there are 13 states that do have hot spots. by the way, part of that is massive new testing. we're running 500,000 new tests per day so you're going to pick up some. i was just interested, i was going through it this morning. some of the hot spots that you probably have talked about, arizon

>> well, i thought larry kudlow's comments were particularly interesting. first of all him saying this is manageable and secondly we're not going to shut undo the economy by which i'm sure he meant the federal government. i don't think he is really qualified to make either one of those statements. number one, he doesn't know if it is manageable or not. number two, he is qualified to say whether or not the federal government will make an effort to shut down the economy but the federal government may not be relevant in that subject if we have bad outbreaks, the american people will decide whether or not the economy is going to be open. connell: right. it was interesting piece over the weekend in the "wall street journal," kind of about that, we almost decided as a people, to some extent when we were closing things down, got ahead of government. got ahead of the government as well, carol, in many states as well. the market, really interesting day, concerns about cases in states that seemed to be dominating to some extent in the morning. the federal reserve say

his performance has drawn criticism from the white house with larry kudlow suggesting it was overly negatived bloom is with us. kudlow took a swipe. little you say, gave a bit of a reality check. powellt to you that created a floor on this push down of the dollar. what does he have to do this dollarr you to push the narrative? i am not sure there is anything he can do. if you tell me the unemployment rate would get back where it was in 2.5 years time, he can't change that. the fed has saved the world with the cross currency swaps, showing that the u.s. dollar is still the anchor of the financial system under which we live. we need fiscal push. cheap money is not good enough. buying bonds is not good enough. it is really the fiscal policy to which we will turn. nejra: fiscal policy is one of the reasons we have spoken to you before, david. you have not been overly positive on the outlook. the last ecb meeting and the agreement around the eu recovery fund. 'sy do you not see the euro gain sustaining from here? david: what i am saying is that there is this tale risk. ofs breakup risk as kind di

larry kudlow is shrugging off concerns over these emerging hot spots and the threat of a second wave.y tuned to hear more about that. wave stay tun tedo hear more about that as made for right now. and right now, is a time for action. so, for a second time we're giving members a credit on their auto insurance. because it's the right thing to do. we're also giving payment relief options to eligible members so they can take care of things like groceries before they worry about their insurance or credit card bills. right now is the time to take care of what matters most. like we've done together, so many times before. discover all the ways we're helping members at usaa.com/coronavirus and sometimes, you can find yourself heading in a new direction. but when you're with fidelity, a partner who makes sure every step is clear, there's nothing to stop you from moving forward. a partner who makes sure every step is clear, doctor bob, what should i take for back pain? before you take anything, i recommend applying topical relievers first. salonpas lidocaine patch blocks pain receptors for effec

caruso cabrera will want to respond to that, i imagine larry kudlow is quoted in the book or somethingms. khan: he wrote the forward to the book. moderator: let me ask all of you a question because it has come up in other debates. i want to ask about specific legislation and get everyone on the record about it. hr 4408 is called the eric garner use of force prevention act, which would put a national ban on chokeholds and create a national standard on the use of force. would you support that? i also want to hear more from each of you about the 1033 gram under which the defense department makes military equivalent available to local police departments, in any order. i can say i'm proud to be supportive of both of these bills. s, need to banned chokehold level of government, city council to government. we need to ban the transfer of military equipment to police departments. it is patently unacceptable for made, andction to be it further reinforces the frame and division and the idea that the public is the general enemy of the state, and when you use weapons that are designed for enemies a

you have larry kudlow who says i don't think we're going see a second spike in corona. in the first one and it's rising. so, again, we are forgetting, we're in the middle of a paem pandemic. >> thanks to both of you for being with us. >>> coming up, the department of justice sues trying to block the release of john bolton's memoir. more on that next. dolph lundgren, you've got a one-sixty i.q., a master's in chemical engineering and you're technically a genius... and it appears you're quite the investor. i like to trade. well, td ameritrade has pros ready if you need help, say talking through a new strategy... ... just in case things, you know, get a little rocky? i'm sorry on the upside i think that's waterproof. maybe not... ♪ it won't wait for a convenient time. or for hospitals to get back to normal again. that's why, at cancer treatment centers of america, we aren't waiting. we're right here, still focused on the only thing we do, providing world-class cancer care, all under one roof. because cancer isn't just what we do, it's all we do. cancer treatment centers of

. >> that is categorically false on the part of larry kudlow. it absolutely was made. every sba program in history, the loans are public. why is this a big deal? because this is hundreds of billions of taxpayer dollars, and they went to help small businesses that were shut down during the pandemic. but now, we may never know exactly where that money went or how the program worked. joining me to discuss, someone who should be in a position to know, barat, one of the members of the congressional oversight commission specifically set up by the c.a.r.e.s. act overseeing $500 billion of c.a.r.e.s. act money. barat, you don't have any jurisdiction over the ppp program. when this thing was designed, congress could have said, and let's make sure congressional oversight committee, looks at all of this. but right now, there is no oversight committee, is there? >> that's correct. the oversight commission that i'm on does not have oversight authority over this money. to go back to what you said earlier, you're right. this is an outrageous lack of transparency. this is information

we'll ask josh silverman, sooce how they're using the platform and we'll talk to larry kudlow about the rise of cases in the united states and the economic impact some states including just moments ago new jersey pausing their reopening measures as we stand, the s&p 500 is up 1% let's focus on the big stories mike santoli is tracking to day's market rally we have the details on gilead which just announced pricing for the coronavirus treatment. and julia has the latest on facebook's growing advertising boycotts mike, let's start with you and the broader markets. >> a tidy little bounce today. getting back a portion of last week's losses. really concentrated on the smaller cap and some of the lagger groups. if you like right here, the market is maybe trying to make the case that defining the bottom end of a trading range at least, 3,000 on the s&p 500, has been an area where the market refused to go below for any period of time over the last month or so. this still looks like, you know, could have importance right there as a high. but for now, holding steady. i want to take a look at the

according to larry kudlow, growth in the u.s.ring and there is a good chance of a v-shaped recovery. president trump's chief economic advisor rejected the more cautious outlook by fed chairman jerome powell, saying his comments had been remote roast that had been r in a speech to the nation on sunday, emmanuel macron said the country is ready to turn the corner on the pandemic. restaurants and bars are reopening in paris, and all schools will resume next week. atlanta has become the focus of the nationwide black lives matter protest. that is after a 27-year-old black man was fatally shot by a white police officer while fleeing during an arrest late friday. the city's police chief has resigned hours after the killing, and the officer was fired. three dozen people were arrested after protesters set fire to the wendy's restaurant after the shooting took place. global news 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in i amthan 120 countries, dani burger. this is bloomberg.

then on thursday after the payroll, we will catch up with larry kudlow.onathan ferro with equity futures rolling over going to be open. we are down 12 point on the s&p 500, down a third of 1%. for new york city this morning, good morning, this is bloomberg. >> federal reserve chairman jerome powell will warm today of the extraordinary uncertainty the coronaviruses causing the economy. he set to testify before the house financial services committee. ofwill stress the importance keeping the disease contained during economic rebound while also telling lawmakers the economy has entered a new phase. trump is reigniting concerns that he is interested in relations with the kremlin rather than u.s. interests. he has shrugged off allegations that russia offered bounties to kill american troops inept in a stent. he has yet to demand an investigation but last night he -- john ratcliffe promised to look into the report. proposal, emissions the goal is to effectively more after the year 2050. it is seen as the opening bid in the battle of climate change this fall. ser

caroline: larry kudlow speaking to jonathan ferro on bloomberg.allying ahead of the opec-plus meeting. we will discuss the oil markets. this is bloomberg. ♪ ♪ ♪ caroline: there has been a risk on mood to the market and the week. commodities are higher. --lor: i will start off with hitting the economic recovery. we do that here in the terminal with copper to gold ratio. copper rises, gold falls. sincenow the highest march 17. correlation with the 10-year yield continues, seeing the tenure at the highest since march 2019. pushing forward to the opec meeting we are waiting for this weekend, crude almost at $40 a barrel, something we have not seen since march 6. we are joined by ed morris, head of global commodities research at citigroup. do you think the days of $30 a barrel are over? is that realistic? >> it is realistic that it will get to that range. the market is floppy at the moment. it is based on a bunch of things that are kind of misleading. a lot of the change in differentials between different price and uplift in the has been china buying.

bloomberg withon larry kudlow, national economic council director.ive on bloomberg tv and radio, this is bloomberg. ♪ ♪ from new york city, this is "bloomberg surveillance ." we are live on bloomberg tv and radio. alongside tom keene, i'm jonathan ferro, together with lisa abramovitz. we are counting you down to the opening bell this payrolls friday. the price action as follows. equity futures positive 26 points on the s&p 500. quite a week of gains for u.s. equities and global equities as well. the cyclical sector is badly beaten up in the downturn, really rallying off the bottom, and rallying quite hard. in the bond market, steeple curve, high yield. in foreign exchange, the story of the last couple of weeks, weaker dollar against the euro over the previous eight days. the aussie advancing once again. if i can just for a moment to up on a currency pair like all the-yen -- like aussie-yen, on the one side, you've got the cyclical story of the aussie versus the japanese yen, that haven currency on the other side. we have moved hired for seven straigh

. >> shannon: so here is what larry kudlow said, white house economic advisor about the potential ofting down the country again. >> the economy will not be closed down again. there may be certain places where it is, and that's up to local authorities and i don't deny that. fatalities are still down and there is a lot of positive declines in cases just as there are negative declines in cases so you have to walk through th that. >> shannon: and so we are told that fatalities and hospitalizations are lagging indicators of where they are. do you think we have a better therapeutics now and understandings of how to tackle the disease for those who are diagnosed? what's your estimation? >> hospitalizations are much more helpful as an indicator of the effect of the disease then are incidences of positive tests. deaths will spike and they will fall off depending on the area, but i think what larry kudlow talked about, what is happening in one state isn't necessarily happening to another. that's why we allow the states to have their own authority to make the decisions about the kind of isolati

mark: larry kudlow says health experts are not seeing a second wave of coronavirus infections. he's echoing other officials and saying the u.s. economy will not be locked down again. texas, california, florida, and alabama are among states were actions and hospitalizations are reaching new highs. european union regulators have been given a green light to pursue deals with drug companies on developing a new coronavirus vaccine. european commission will be seeking agreements to by hundreds of millions of doses. the commission says it will dip into an emergency european pot of more than $2.3 billion to help finance the vaccine research. india's surge of 10,000 cases in one day forced them past great britain. they impose lockdown in late march and it is now largely being enforced in high-risk areas. the spike in cases came after india allowed the reopening of shops, shopping malls, factories, and religious places. olympic organizing officials say they lined up about 80% of the facilities needed for next year's summer games in tokyo. the games were supposed to be held this summer bu

. >> is what larry kudlow said about the potential of shutting down the country again. >> the economy is not going to be closed down again. there may be certain places where there is, that's up to local authorities but fatalities are still down and there's a lot of positive decline in cases just as there are negative declines in cases. shannon: we are told fatalities and hospitalizations are lacking indicators of where we are. do you think we do have better therapeutics, we better understand how to tackle the disease for those were diagnosed? what is your estimation on what we should watch to see if we are through this or not? >> hospitalizations are more helpful as an indicator of the effect of the disease that are incidents of positive tests. deaths will spike and fall off depending on the area but i think what larry kudlow talks about is important because what is happening in one state isn't necessarily happening in another and that's why we have to allow the states to have the authority to make decisions about the kind of isolation, the decision about getting things going but it i