Morneau projects $343.2-billion deficit; federal debt to climb above $1-trillion
'Those who would have us do less ignore that without government action, millions of jobs would have been lost,' Finance Minister
United Airlines warns of pending 36K layoffs
`A hot mess': Americans face testing delays as virus surges
..."has stayed home, going without a paycheque while waiting and waiting for the results of a COVID-19 test"...
-- this in country that sent folks to the moon and claims to have missiles that shoot down other missiles ?
(bbrg) Economists surveyed by Bloomberg anticipate another 1.375 million Americans filed for unemployment benefits in the week ending July 4, down from 1.43 million in the week prior. Weekly jobless claims have decelerated for 13 consecutive weeks; however, more than 48 million Americans have filed for unemployment insurance over the past 15 weeks.
Mtl JP 17:24:12 GMT - 07/08/2020
at bottom of hour can fin min to yak about canada's finances
's been leaked to expect >$300+ billion deficit
Wed 8 July 2019 A 14:30 US- EIA Crude Thu 9 July 2019 A 12:30 US- Weekly Jobless Fri 10 July 2020 AA 12:30 CA- Employment AA 12:30 US- PPI
Mtl JP 00:09:37 GMT - 07/08/2020
Some new headlines:
(Wednesday) Morneau expected to reveal federal deficit in excess of $300-billion
The projection raises concerns about how the government plans to phase out heavy spending that has allowed the deficit to grow more than tenfold in seven months
PBO says it could cost $98-billion to provide basic income for most Canadians for six months
Canadian unemployment rate to peak at 11 per cent in second quarter: OECD outlook
Mtl JP 21:44:20 GMT - 07/07/2020
john 20:24 "Keep an eye as markets develop through Asia and Europe early on Wednesday"
do you mean as a prelude to what will happen in NY following or ____ ?
Mtl JP 21:35:53 GMT - 07/07/2020
this is now a day old:
- (Leftist) Economists call for more direct cash payments tied to the health of the economy
Direct cash payments can improve financial security, boost consumer spending and may speed up the recovery, according to a letter from a group of economists calling on U.S. policymakers to keep providing direct cash payments to Americans until the economy is stronger.
The stimulus payments should be issued automatically, based on certain economic indicators such as the unemployment rate, until there is enough evidence that the economy is recovering, the group of mostly left-leaning economists said in an open letter organized by the Economic Security Project and The Justice Collaborative. .../..
AT Trader john 20:24:05 GMT - 07/07/2020
Markets appeared to be slipping into a RISK-OFF mode late in the day Tuesday in NY. Keep an eye as markets develop through Asia and Europe early on Wednesday.
AT Trader john 19:29:42 GMT - 07/07/2020
LATE TUESDAY: RISK-OFF
DJ: 25,890 -397
SP: 3,145.3 -34.4
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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