This is boom bust the one business show you cant afford to miss im sorry montecito in washington coming up new unemployment claims in the United States dropped below 1000000 for the week as we look to find the bottom of the pandemic coverage and there are a lot of headlines about trade tension between the u. S. And china dont forget the u. S. And the European Union will they still have trade issues of their own have a lot to get to so lets get started. Its thursday which means u. S. Unemployment numbers were released weekly jobless claims fell to 963000 last week now this is the 1st time the numbers are below 1000000 since mid march that was when the coronavirus was declared a pandemic in late march. U. S. Filings hit nearly 6900000. 00 in a single week while the better than expected numbers come as President Donald Trump issued an executive order that provides an extra 400. 00 a week of unemployment thats down from the original 600. 00 of insurance but those benefits may not show up f
Microsoft overnight. That is being digested as well by u. S. Investors. You have the currency offshore at seven, currently. It is weakened by about 2 10 of 1 . The aussie dollar is looking like that, said he six. The euro is flat. The bloomberg dollar index is weakening, down a 10th of 1 . Lets move it down. The stock was suspended on july the 13th after they failed to get a renewal for their license. Currently trading at 10. It is down 30 . It just reopened after a 10 day suspension of trading. The company saying it is in talks with its creditors over longterm debt. It will continue businesses that dont require that franchise. Noncoret nunc activity. Rishaad china vowing to retaliate for the u. S. Closing its consulate in houston. Protectd it is to information. President trump indicated more such moves might happen. President trump as far as closing additional embassies, it is possible. We thought there was a fire in the one that we did close. Everyone said there is a fire, there is a
The companys intelligent cloud bids that including azure, windows, posted 13. 4 billion in revenue. That beats consensus by a bit. Azure slowing up a bit. Ceo had a question about that and the companys growth on last nights call asked whether or not he is concerned about it my own approach to this would be not to worry as much about shortterm whether or not it is the growth number, im not trying to match an artificial number i think the world will come out of this and it will be stronger when we invest in this space. An ad spending slow down, and they closed that acquisition four years ago right now the Gaming Business had record engagement. People stayed home and they played they call itd a breakthrough quarter for gaming, guys yeah, xbox and surface two were nice surprises. The other big earnings move in tech is twitter. Lets get to Julia Boorstin on that yeah, twitter grew, growing their monetizing value from the year earlier quarter the addition of 20 far exceeded expectations and
Are now keeping an eye on a swine flu like virus and one that has the potential to create that i can damage and a whole 20 universities paid more than 1000000. 00 in ransom after Cyber Attacks these types of intrusions are up as much as 400 percent according to a new report showed today so lets go and divergent. Global efforts continue in the race for a covert 19 vaccine or even a treatment that could help probable pull the pandemic will british regulators approve a global trial to restart testing drug sykora quinn and chloroquine to see if they can prevent infection with copd 19 well the food and Drug Administration revoked emergency use for the drug after a trial showed they did not benefit us treatments but this cop called trial its. When to look to see if the drug can be used as a potential preventative medicine meanwhile on tuesday the European Unions 27 members announced a ban on travelers from the United States citing concerns over the recent coronavirus spikes across the countr
Coverage of congress, the white house, the supreme court, and Public Policy events. You can watch all of cspans Public Affairs programming on television, online or listen on the free radio app. Be part of the National Conversation through cspans daily Washington Journal Program or through our social media feeds. Cspan, created by americas Cable Television companies as a Public Service and brought to you today by your television provider. This week on the communicators, our guest is representative frank lucas, republican of oklahoma, and the Top Republican on the science, tech, and space committee. Joining us as our guest reporter gopal ratnam of cq roll call. Thank you for being on the communicators this week. Congressman, what have we learned when it comes to technology in the last couple of months, and whats the role of congress in advancing that . Rep. Lucas i think we have come to finally appreciate as a nation how absolutely important it is that we maintain our technological edge