Published on: March 26th, 2020 • Duration: 54 minutes
As the weeks drag on, and coronavirus continues to tighten its deadly grip on the United States, it becomes apparent that its appetite for destruction is not just of a carnal nature. With businesses shuttered from coast to coast, macroeconomics takes center stage as preliminary figures begin to reveal glimpses of the devastation that the virus is unleashing around the country. Initial jobless claims released today, shattered all records to hit an all time high of nearly 3.3 million, and this could be just the beginning. This week, Mark Orsley, head of macro strategy at Prism FP, joins us to discuss everything from monetary policy and labor data to what we can expect in next week’s non-farm payroll report and in the macro indicators over the weeks and months ahead.