Squawk on the Street
Record Job Losses, Stocks Surging, Shanghai Disneyland Tickets Sellout for Opening Day
This episode isn’t summarized yet
Create a free account and summarize it. In a few minutes you’ll have the key takeaways and a section-by-section summary.
Show notes
The “Squawk on the Street” team discusses the record job losses for the month of April.
Nonfarm payrolls fell by 20.5 million and the unemployment rate rose to 14.7%, both post-World War II records. Investors were unphased by the numbers as stocks continued their run, with all three major averages in the green. The world continues its slow push to reopening economies. In Shanghai, tickets for the reopening of Disneyland sold out for its opening day on May 11th within minutes. It’s the first major theme park to reopen amid the COVID-19 outbreak. The government has mandated that Disney operate at 30% capacity, or about 24 thousand visitors.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.