A lot of the jobs that have been lost since the pandemic are being recovered. No question it was a much better number than was expected with the headline being 1. 4 million jobs added and the Unemployment Rate going below double digits for the First Time Since the pandemic adding it all up we now have recovered since april a total of about 10. 6 million jobs, which is huge progress, but it also leaves a huge hole we still have 11. 5 million fewer jobs than we had in february which was the month before the pandemic so weve still got to dig ourselves out of the hole and weve still got to look at the permanent impact of all of this. One in the numbers i went to first in this report is the number of people seeing permanent job losses it did rise by about half a million. Its 3. 4 million so that is the highest level since 2013 and does point to the fact that there is going to be some permanent scarring despite the fact, carl, that we are seeing progress, its moving in the right direction. T
My name is stephanie aronson. Im the Vice President and director of the Economics Studies program here at brookings. Thank you for joining us for todays event, organized by our hutchens center on fiscal and Monetary Policy on how the fed will respond to the covid19 recession in an away of low rates and lowflation the topic is particularly salient since last week, following an 18month review of its Monetary Policy strategy. The federal open Market Committee will be a revised version of its longer run goals and Monetary Policy strategies. We are honored to have governor board of governor here to offer her thoughts on the topic. After we hear from her there, will be time for questions and answers from the audience and panels to convene our discuss with ben bernanke, janet 12k0 and two marketers there will be more on that later in the program. In terms of questions, if you would like to pose a question, you can do so at email at events brookings. Edu. Before we begin, let me provide a shor
It is a little unusual for the secretary of state to be involved in politics of any shape or form, but it sure does sound like good theater and im anxious to see if youd see it. David ok, many thanks. You will be back with us tomorrow night. We will have live coverage again of the second night of the Republican National Convention Starting at 10 00 p. M. Eastern time. As we said, secretary of state mike pompeo will be appearing from jerusalem as well as First Lady Melania Trump headlining the night. This is coverage of the Republican National convention on Bloomberg Television and radio. Welcome to Bloomberg Markets asia. Asia looking set for gains after wall street extended its record run, investors increasingly optimistic for a virus vaccine and that the Global Pandemic will not drag on the recovery. One progress,e the u. S. And china held trade talks and say they have made advances and both sides insist they are committed to the deal being a success. Rishaad and the Republican Conve
Its competitor, nikola the Airlines Holding up after Morgan Stanleys bullish call on the group. The analyst will join us kelly, first over to you major aver raages are hitting their lowest levels. Bob has a look at the stocks making the biggest move today. Bob, lets start with you. Were in a 40point trading range. Were about to break out on the upside i know this sounds crazy lets look at the sectors and whats moving. Were not getting a lot of help from technology. It rallied early yiier but hasnt been moving as forward were getting nice moves from the industrial and Health Care Stocks these stocks rallied earlier off of their lows. Apple was 119 earlier. Its not moving the market forward here in the middle of the afternoon. Still off of their lows. Same with microsoft, nvidia, lam and some of the work from home stocks they were lower earlier but not rallying dramatically. All of them down wayfair was briefly positive slack has turned positive. The stocks are all off their lows most of
Recession in an away of low rates and lowflation the topic is particularly salient since last week, following an 18month review of its Monetary Policy strategy. The federal open Market Committee will be a revised version of its longer run goals and Monetary Policy strategies. We are honored to have governor board of governor here to offer her thoughts on the topic. After we hear from her there, will be time for questions and answers from the audience and panels to convene our discuss with ben bernanke, janet 12k0 and two marketers there will be more on that later in the program. In terms of questions, if you would like to pose a question, you can do so at email at events brookings. Edu. Before we begin, let me provide a short introduction to governor brainerd who has had a long career of Public Service in ack deema. She took office as member of the feds board of governors in june, 2014. Before that, she served as undersecretary of the u. S. Departments of the treasury from 2010 to 2013