Day: May 8, 2020
The debate over reopening the economy splits Silicon Valley, like every other community in the U.S., in two. But in place of the usual blue state/red state, Democrat/Republican divide, tech’s argument is between technocrats and libertarians.
Friday’s horrific jobs report will catch the eye of even the most casual economic data watcher, but don’t be surprised if the stock market shrugs. Why it matters: Grim economic news hasn’t derailed the market’s comeback. The stark difference between what’s happening in the coronavirus-hit economy vs. the stock market has never been more on display.
President Trump told “Fox & Friends” during a Friday phone-in that “the jury’s still out” on FBI Director Chris Wray and the bureau’s handling of its investigation of former national security adviser Michael Flynn. What he’s saying: “Look the jury’s still out with regard to that, but it would have been a lot easier if he came out rather than skirting and going through, you know, 19 different ways except through the FBI, so let’s see.” “But I said, you know what?
Nations must return to testing, tracing and quarantining strategy rather than reopening economies, says WHO official.