A lucrative one for the globes. Billionaires watching the hawks has been crunching the numbers on their big show, begins greetings and sal you take from electric cars, the park and drive themselves to the ability to buy damn near anything your imagination desires from the comfort of your own home in just a click or 2, we must truly, truly be living in a brand new gilded age of prosperity. Yeah, not so much new. Not at all. Apart from all of our gadgets, of convenience and entertainment at our fingertips. The meat hook reality is that according to the u. S. Labor department, u. S. Jobless claims of risen over 800000 since august. Weve had more than 75000000. 00 claims for Unemployment Insurance since the start of the pandemic all the way back in march. In fact, the number of u. S. Citizens living in poverty has jumped from 9 percent back in june to over a leavened per cent in september. And that number is still rising, showing no signs of future decline. But things, things arent all bad
Suspending ant Group Listing major issues, this is days before the largest ipo of all time well give you the latest details. And social Media Election strategies how facebook and twitter aim to tackle misinformation on their platforms as voters head to the polls and beyond whatever beyond means, carl. David, thanks guys, were going to be talking all day and all night about arizona, florida, georgia, North Carolina, jim, goldmans got a note out just now saying because it would be difficult if the president does not win any of those states, quote, there is a good chance the election outcome will be clear on election night. Right, i think that thats what the market is saying. So the collectionive voice of the market, both yesterday and not just the morning, but when the nasdaq rallied in the afternoon and today with the futures, people say, we cannot afford after last week with the market being down, we cant afford to wait for the outcome we have to presume the outcome is going to lead to
The nasdaq at 2. 0 we can buy the stock we can buy the recovery stock once we get a vaccine. We have people returning to the cities we buy the apartments. We have a lot of people eating at home will soon eating out again with a vaccine so not by the food packet place and the restaurant thats adventure wisdom. After a huge run over the last week and a half where the market is very over bought and a ton of strategists raising 2021 dramatically i am going to articulate a different field, a caution one it never works out that everyone wins i am going to sigh at tay at th beginning. I dont think all of this will happen you got to know, maybe have some cash if stuff happens, you can use the buy. First, it is terrific that we can see through the valley of the shadow of covid. Jesus, we are seeing at insane number of new infections here to the point where hospitals are overwhelmed. While we gotten much better treating the virus, it is undeniable we are approaching a triage situation. Not good
Decline. But things things arent all bad for some us citizens you see while main street crumbles from disease oppression and degradation wall street and our billionaire class well my friends they have been thriving you see while millions upon millions of us have lost their jobs and Health Insurance all across this country us billionaire saw their combined net worth surge by more than 930000000000. 00 bringing it the collective wealth of just 644 people to a staggering 3. 00 trillion 1. 03 trillion dollars in just 644. 00 people. A thats according to a new an analysis recently released by americans for tax fairness and the institute for public studies who have been tracking wealth inequality in america since the start of the cold 1000. 00 pandemic yes according to their numbers these greedy few saw their wealth rise by more than 33 percent during this crisis and pain and just to give you some perspective that 940000000000. 00 gain is roughly 3 times bigger than the paltry 300000000000 t
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