Years. On people still die i dont know which question are still alive arent being allowed to live where so many have. This is boom bust the one business so you cant afford to miss im sorry monteith aopa in washington coming up the Labor Department reported a steady fall from the week before on jobless claims but still higher than expected well thats because what this means for the overall economy and market. To u. S. Companies may be closer to finishing the deal for tech top but out trump and ministration may just have to wait for china to give the ok well get the latest from the dean of the Miami Harvard Business School and we have a lot to get here so lets get started. We begin with the unemployment numbers as weekly jobless claims took an unexpected turn for the worse for the week ending on september 19th Labor Department reported 870000 americans filed for unemployment thats up from the week prior with 866000 the Labor Department remains stuck at a pretty high level here still abov
Men arguing before congress that the country needs more stimulus money to battle the coronavirus. Wait until you hear who and which industries fed chair Jerome Powell and treasury secretary Steven Mnuchin say need it the most. We will have a live report from d. C. We are 90 minutes away from teslas ceo elon musks big reveal. It comes at his shareholder and battery day event. We have a bull bear debate ready on musks latest brainchild and his argument for the death of the internal combustion engine. Plus the one thing ceos never want to hear. Nelson peltz is on the line, the famed activist investor formerly taking aim at comcast, he thinks the Parent Company of nbc, peacock and universal, is undervalued. We are bringing in former ceo of at t broadband. The cable industry legend weighs in on that, whether sports on cable is dying and his latest spac investment. He was early on the spac train. Is it a National Security threat or just business . The confusion now swirling like a tornado ov
From the dean of the Miami Harvard Business School and we have a lot to get cute but. We begin with the unemployment numbers as weekly jobless claims took an unexpected turn for the worse now for the week ending september 19th Labor Department reported 870000 americans filed for unemployment thats up from the week prior with 166000 the Labor Department remains stuck at a pretty high level here still above their peak 65065000 during the Great Recession that was between 20072009 the data comes as u. S. Lawmakers still havent come to an agreement on a new round of stimulus something the Federal Reserve argues is needed for economic recovery earlier this week Federal Reserve chairman Jerome Powell and u. S. Treasury secretary Stephen Newton well they expressed concerns over more need for aid. Password will depend on keeping the virus under control and on policy all see actions taken at all levels of government we continue to work with congress on a bipartisan basis to pass a face for Relie
Morning here on our team to National Well be back with an indepth look at all of our top stories in an hours time to see that. Kaiser the report still. Max your steps because kaiser report was right as always all the time or always right Warren Buffett has been obviously watching this show hes told hes tuned out of what is c m b c and bloomberg you no longer listens to them because the 1st tweet hear the 1st chart this is what weve been pointing to and this is obviously what Warren Buffett has been reacting to the fed now own a total of 22000 913. 00 different securities according to bloomberg it is the worlds biggest investor. Yeah so a lot of things here that weve been talking about that warren was late to the game you know weve been tracking his tardiness in many of his investment themes like very late apple very late to amazon he bailed out of airlines again for a 2nd time at a huge loss he got into gold very late and of course when he got into his gold stock people are saying well
It is armageddon, moments ago the president told fox friends, he would not name his nomination to the court until after the services for Justice Ginsburg are completed, he said he would announce friday or saturday. He said he would move quickly, he said time for a vote before the election. Now look at this, a wall street selloff, major leagues, all kinds of problems for investors, election chaos seems to be a certainty that could even be a constitutional crisis of the Supreme Court has to decide the election and there are only eight sitting justices, there could be a tie. A second wave of virus infections has hit europe, especially britain, there are worries and comes here. China holding military maneuvers as a u. S. Envoy heads to taiwan. Grandpa got up and look what you got. The dow will be down 500, maybe 600 points at the opening bell, the s p 53 points lower in the nasdaq down 170, that is a selloff, in a moment you will hear more from the president because later on today he is he