15. 7 . Sort of a proxy, this is old data a week older than the other data for the Unemployment Rate looking at the chart you can see it coming down tick by tick but leveling off and well hope it keeps coming down in the weeks ahead. Lets look at the states with most claims. California, 28 , michigan 23 of those who are insured or eligible for Unemployment Insurance getting that insurance there, down to rhode island at 28 . Look at the states with the fewest claims, two stories going on here, one, some states not that hard hit, perhaps nebraska, likely wyoming, but look at the right, florida, again, thats a Big National Story here. The percentage of floridians who are receiving benefits being so small because of their problems with their computer systems, just 5. 2 . Now the fed out with a survey of Household Economic developments and they did a supplement for april just to try to get the recent data. They found 90 of households report either a lost job or reduced hours but 90 on the l
Dropped china from its list of currency manipulators at the same time washington is making headway in reducing its gaping trade deficit with china right before wednesdays scheduled signing of a phase one trade deal between the 2 countries. No obvious signs of enthusiasm on the chinese side vice premier the oha arriving tuesday to sign an interim deal that at 1st glance is more favorable to the u. S. Its an agreement thats already boosted u. S. Markets and stands to pacify American Farmers china will buy 80000000000. 00 more in American Goods like the soybeans and another 35000000000. 00 in Services Still theres more reason to smile of aging these days the economy is showing signs of life exports were strongly up in december for the 1st time in months oil imports are on the rise and significantly the u. S. Says it will stop labeling china a currency manipulator. A trade deal takes some pressure off china without digging too deep into stick here issues like intellectual property and tech
Lets look at markets. We are not saying much. Coming up, you will hear from this man. Our interview on risks and Financial Markets. And Brian Moynahan on the state of the american consumer. Lets get bloomberg first word news. Frozen pork, pharmaceuticals, some reductions from china, not related to trade discussions, but part of beijings effort to support the claim it is opening its economy. Weekend, aa tense Police Officer pointing his revolver at protesters. U. S. , President Donald Trump asked about ukraine aid before his call with the countrys president. The heavily redacted emails were by the Nonprofit Center for public integrity. They show the administration ordering a hold on aid in our after the phone call. Bush fires burning out of control in new south wales. Died,st nine people have hundreds of buildings have been burned down. The fires of being stoked by record temperatures in the region. Guy the s p is up, bonds are higher, gold is gaining. What about next year . Is joining
Not being led by the trump trades but led by things like technology, which quite frankly you could even look at some of these names as antitrump trades. These are the companies that require Foreign Workers in large numbers in order to fill engineering and programming jobs. These are companies that maybe didnt get off on the right foot are mr. Trump. The Leadership Teams at these firms were in fact opposed to him prior to the election. So these are leaders it shows what you can do with narratives. You can toss them out and focus on trend. Theres a lot of momentum here. One of the more interesting aspects to the Software Names running, scott, we talk about semis all the time. Software companies, big ones, transitioned to subscription model. Adobe is the latest example to have just absolutely ripped the cover off the ball going from selling a piece of software to bringing in licensing fees on an ongoing basis and firms that have done that are being rewarded a higher multiple on the street
On cnbc. Im sara eisen. Im wilfred frost. Good morning. Its throwback thursday. Throwing it back with some throwback cover songs. This sounds like the original to me. Its not. Obviously. There we go. Our top story, the president ial debate, the final faceoff between republican candidate donald trump and democratic candidate Hillary Clinton. Once again pushing the boundaries of political norms. The take away is the headline. Trumps refusal to commit to accepting the outcome of this election. Chris, she should never have been allowed ed ted to run for presidency based on what she did with emails and so many things. Theres a tradition in the country, one of the prides of this country is the peaceful transition of power and no matter how hardfought a campaign is, at the end of the campaign the loser concedes to the winner. Not saying that youre necessarily going to be the loser or winner. But that the loser concedes to the winner and that the country comes together in part for the good of