In washington coming up the rate in new unemployment claims may be leveling off but congress and the white house look to be stocked yet again on a stimulus plan and the pressures continue to rise across the globe due to the pandemic swine flu and unpredictable weather well tell you what this could mean for those who are already struggling to get enough to we have a lot to get through to a lot of markets. We begin today with jobless claims as u. S. Unemployment fell just slightly for the week ending on october 3rd to a fresh pandemic low the u. S. Labor department reported initial jobless claims at 840000 worse than expected showing the labor market is still experiencing a slow recovery while the economy is still growing its been a gradual comeback as concerns rise over another wave of layoffs without another federal relief package still some 25500000 americans are collecting some sort of benefits so for more on this and the overall state of the economy and markets we bring in boom bust
Your record deal is 800000 businesses that have permanently closed their doors so unfortunately its going to be at least 2 years were getting back to we were and by the way thats if you believe the Prescription Drug hell. And a viable economy comes from or rolling trillions upon trillions of dollars and drinking it all right the number were looking at still its lower than a 1000000 that we were saying at the beginning of the pandemic but its still pretty high its just over 800000 still closer to a 1000000. Why are we still losing 840000 people i mean were supposed to be underwhelming route to recovery by the way if you look at continuing claims including pandemic unemployment assistance were at 20000000 people there are still seeking dont really need and this should not be the case for an economy that is supposedly in a violent the shape recovery just not james well its definitely not. The case christine meanwhile after pulling the plug on stimulus negotiations the Airline Industry is
This is boom bust the one business show you cant afford to miss unfair montecito in washington coming up the rate in new unemployment claims may be leveling off but congress and the white house look to be stocked yet again on a stimulus plan to continue to rise across the globe due to the pandemic swine flu and unpredictable weather will tell you what this could mean for those who are already struggling to get enough to eat we have a lot to get to the law that starts. We begin today with jobless claims as u. S. Unemployment fell just slightly for the week ending on october 3rd to a fresh pandemic low the u. S. Labor department reported initial jobless. 840000 worse than expected showing the labor market is still experiencing a slow recovery while the economy is still growing its been a gradual comeback as concerns rise over another wave of layoffs without another federal relief package still some 25500000 americans are collecting some sort of benefits so for more on this and the overal
Becky is off today. Looking in the green nasdaq to open about 78 points higher and looking to open higher as well also 22 points higher. Also treasury yields youll look at the 10year note at. 681. We have a lot going on today on the data front, details come at 8 30 eastern. Breaking news overnight. The House Transportation Committee issuing the final report on the 737 max list the failures that led boeing to design and the faa to approve the software that contributed to two crashes. Around the Safety System called mcas accusing boeing of concealing the information. Including concealing the existence of mcas from its pilots boeing says it learned many hard lessons as a company from the accidents and from the mistakes we have made as this report recognizes, we have made many changes to our company. They expect to get 737 max back in the air in the Fourth Quarter. Congress is expecting legislation to review the safety reviews of new plane models. Reporting that there was no singular mista
30 action this is the moment he goes on fighting we meet with global news makers and talk about the stories the on the edges there are a. Growing number of iconic brands are pulling their ad down from states where we think its going to lead them to rising patagonia just sun on the companies doing stuff for Profit Campaign thats incredibly strong and advertisers to the point that facebook is for allowing both racist and violent and verifiably all this kind of rooted into a long term boycott. Hello im Richard Geres person youre watching the listening post working from home here are the media stories were covering this week facebook gets hit by a big brand advertising boycott designed to get hate speech off the site will anything really change. China passes a new law in hong kong that has journalists there running scared well read talking heads and the bookshelves the just lose credibility plus with all those racist statues getting taken down who or what will take their place the 2 bigges