Before, and indeed is doing right now with the boston fed itself, running a special fund to back up money markets he says that regulatory changes will allow restructured loans from the banks can be brought to the Federal Reserve and be funded that way, and wont be frowned upon by supervisors, so kind of an encourage from the Bank Survivors to get to the to work with their customers and restructure loans. Finally, says its the need to support essential workers and its the best of times here for the public spirit here let me just talk about this rising unemployment rise dramatically were only looking for 0. 2 of an increase in the friday jobs report, but thats not going to pick up whatwear seeing in the more frequent data we had north of 3 million claims last week. Expectation for tomorrow is north of 3 million as well both of those together would raise the Unemployment Rate quite a bit by itself. So were looking beyond the data, tyler and kelly, because its not necessarily going to pick
Three day strike which had cut production by nearly half. In the meantime back in the United States data showed that stockpiles actually rose last week. Despite all you see oil prices down about 2 . The biggest intel earnings topping estimates. That is the good news, revenues were in line. The chip maker giving weak Current Quarter revenue guidance and as a result cutting its full year profit margin outlook. Shares under some pressure. But intel also announcementing it is going to be cutting 12,000 jobs globally as it works to diversify away from the struggle pc industry. This restructuring is a tool to do that. And what it allows us to do is to be more forget, to be more profitable and to increase investments in some of these new areas, things like the data center and memory, internet of things, 5g and opportunities in the client space where we can concentrate investments on areas we think we have great return and can generate for intel in the future. New roles and a formal search pro
Announcer republican senators susan colin of maine called on senator majority leader mitch judiciaryand the chair or to allow the nomination to move forward. She is one of a handful of republican senators who agreed to meet the nominee. Heres what she had to say after meeting with judge garland. Senator sen. Collins i just concluded a more than onehourlong meeting with judge garland. Meeting thatellent allowed us to explore many of the issues i would raise with any nominee to the Supreme Court as well as some of the criticisms that have been levied against him. Me moreing left convinced they and ever that the process should proceed. Step, in my view, should be public hearings but for the Judiciary Committee so that the issues that we explored and my office can be publicly aired and so that senators can have a better opportunity to flash out to all of the issues we discussed. I would be glad to take any questions. It is my understanding that senator grassley has agreed to meet with judg
Like you are falling behind, you can call us at 202 7488002. You can also find us on social media. Facebook and twitter. It has been over eight years since the start of the Great Recession. Manyways the economy people feel the recovery has yet to reach them. Here could be one reason why. Look at this data. It shows the share of adults living in middleincome households is falling. Households fell into the middle income category. Since then that number has dropped to just a few percent in 2015. Thats a number of households living in middle income brackets. How does the Research Center actually defined middle income and upper income . You are considered upper income by the pew Research Center if you make at least 72,500 targets 72,521 as a Single Person hoousehold. That number does increase as the number of people in the household increases. A family of five needs to earn 162,001 at 61 in order to be upper income. Middle income, the minimum about to read is 54,000. Interesting and pretty
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