The economy added 1. 4 million jobs last month. We have added a recordsetting 10. 6 million jobs this may. 10. 6 million jobs since may. That is a record, it is not even close. Secondplace is a long ways away. In july the cbo was protecting projecting unemployment over 10. 5 through the end of 2020. They thought 2020 would be a lot longer than that. Some projections where you go through the entire year and that includes a lot of months and the following year, 2021. Instead the Unemployment Rate plunged, really to the surprise of many, all the way down to 8. 4 in august. That is the second largest single month decline on record. We have the first. Have both of them. We have the two number one declines. Decline meaning positive, not negative. We are witnessing the fastest labor Market Recovery from an economic crisis in history. World history. By contrast, biden presided over the worst, just and slowest economic recovery since the great depression. It was a long, slow slog. It was the we
Moreyou have got one georgia seat with im having a pres. Trump labor day. That was a very special time i had speaking to some of the labor union heads and other people. They are very happy with the way things are going, as you have probably seen the numbers are terrific. So we called some people, wished him a very happy labor day. They told us how they are doing and we celebrate the American Worker. We are in the midst of the fastest economic recovery in u. S. History. So we have a lot to be thankful for, including this beautiful day. I thought we would do this outside as opposed to in your more normal place. The United States experienced the smallest contraction of any major western nation. You probably know that. You look around and see how we are doing compared to every our rise is and spectacular. We are rebounding much more quickly from the pandemic. The economy added 1. 4 million jobs last month. We have added a recordsetting 10. 6 million jobs this may. 10. 6 million jobs since
The nasdaq off 95. The dow off its session lows but still taking a hit today. The uncertainty boosting gold prices above 1900 an ounce. Take a look at gold as well. 1900. Okay. We will also take a look at johnson johnson, merck, fiedzer and fiedz pfizer and regeneron, on pins and needles awaiting the president s announcement. Lets go straight to Edward Lawrence for a preview of what we are expecting to hear. Reporter exactly, the president signing any minute an executive order that in one way will get departments the look at ways they can further reduce drug prices going forward. Also, we have heard it may include the provision that connects the prices the u. S. Pays with foreign prices. The prices Drug Companies charge Foreign Countries. That is the deal exactly the president worked out between gilead in the United States where the United States will basically buy the entire supply of remdesivir. Remdesivir is a drug that helps coronavirus patients. The president puitched a simila ide
We are up 96. Just a second ago we were kind of below that so youve got to stay with us with the whole hour. The dow, by the way, which had been up as many as 219 points earlier, was down, up, down, up, now it is better by 72 points. We are watching all of this as investors weigh rising coronavirus cases which now top three million and balancing that, positive news on the vaccine front. As businesses wait and wonder when they can reopen, one of the nations hottest franchises is warming up its massage oils. The hand and stone massage and facial spa ceo, there are hundreds of them, he is here to tell us what hes seeing at his 460 plus locations and if hes hanging out the help wanted sign. A fox business alert, we are minutes away from President Trump and mexican president Andres Obrador signing a joint declaration celebrating the yearslong fight to recraft the u. S. Mexico canada trade deal. How closely will not just china but u. S. Auto companies be watching and maybe worrying . Plus, w