Recession in the 1st half of the year was less severe than we can see here and the upturn after the low and the peak of the restrictions has been faster and more dynamic than we had. However it is true that we are over the worst since may we have a significant recovery in the economy and in services in trade and industry we expect the recovery effort he continues for the rest of the year. Germany is now predicting a contraction in Gross Domestic Product of 5. 8 percent rather than the forecast of 6. 3 percent anticipated in late april the government also expects growth of 4. 4 percent in 2021 meanwhile inflation in the euro zone turned negative in august for the 1st time since 2016 annual inflation for euro zone countries fell to minus point 2 percent in august from point 4 percent in july reported number is far less than the European Central banks target of just under 2 percent so with all this in mind lets go ahead and take a look at the state of the Global Economy and whats moving m
This is blue bus the one business show you cant afford to miss bourne washington coming up concerns about one in the European Union as inflation has gone negative for the 1st time in years amid the copen 1000 outbreaks while germany is looking at a v. Shaped recovery will dig into those numbers and fast food giant make donald is back in the hot seat as the firm faces claims of Racial Discrimination well bring you up to speed on the latest lawsuits plus as the world handles dueling crises of the coronavirus and Global Economic slowdown greece and turkey have opened a new front for concern as tensions are high in the mediterranean with a packed show today so lets dive right in. And we lead the program with positive data out of europes largest economy in the German Government said tuesday their coverage is going better than expected issuing an. Upward revision in its Economic Forecast for 2020 german economic minister peter all meyer said tuesday the country is dealing with a v. Shaped de
That Summer Vacation today, youre losing money, particularly if you are a tech investor. On this first trading day of august, the nasdaq aiming for its 29th record close of the year as tech giants from apple, like we were talking about, to microsoft and a whole host of other names, lead markets higher. We have the nasdaq up 176 points right now. Dow is up 274. Youve got to watch microsoft in this final hour. It is hitting a record high after confirming charlie gasparinos report that the og Software King is indeed in talks to rescue viral video platform tiktok from President Trumps threats to ban the chineseowned favorite of dancing teen agers. Of all the chinese apps, why ban this one . Charlie breaks it in just moments. And if the president does ban tiktok, will that be a shot across the bow aimed at china . We have team fox business coverage of the brewing tensions between the two superpowers. Our tech panel is here to tell you if we are on the verge of a high tech cold war and why t
Reported 1500000 more americans filed for unemployment last week this is up from the expected 1300000 well this also marked the 11th straight weekly decline in applications but also the 13 consecutive weeks or week where jobless claims remain above 1000000 well this is a total of more than 45000000 americans have filed for unemployment as a chronic virus continues to slow the u. S. Economy and with many states reopening and some old jobs are turning the total number of people receiving unemployment actually slightly fell well to talk more about the markets we turn to our panel. Last Trading Group cohost chrystia i am lets start with you unemployment data came from came back and its worse than expected but Something Else was also quite unexpected there we were getting it were seeing people getting Unemployment Benefits rather that are than there are actual on employed workers how did this happen. So when the cares abt what was put into effect in march to really loosen the rules on who c
Finding the good news in that nearly 46000000 unemployed and a new trade war may be brewing not with china here. Lets tell you what a possible to. Have a talk show today so lets go and dive right in. For us in employment numbers are in and the latest figures from the Labor Department reported 1500000 more americans filed for unemployment last week this is up from the expected 1300000 well this also marked the 11th straight weekly decline in applications but also the 13 consecutive weeks or week where jobless claims remain above 1000000 well this is a total of more than 45000000 americans have filed for unemployment as a chronic virus continues to slow the u. S. Economy and with many states reopening and some old jobs are turning the total number of people receiving unemployment actually slightly fell well to talk more about the mark. Its we turn to our panel to mash up the adam last Training Group cohost Christi I Adam lets start with you unemployment data came from came back and its w