Those that were hit hardest early by the pandemic continue to hire back and the Unemployment Rate has declined to ten. 2 percent but we have a long way to go despite the solid job gains last month the past three months we are still down about 13 million jobs we still have not recovered about half the jobs lost. Ten. 2 percent unemployment is pretty tough. Just for context to go back to the financial crisis ten years ago the highest Unemployment Rate was 10 percent on the nose and that was for one month. We have a long way to go. Then to point out what makes me nervous is the rate of improvement have slowed the june job number four. 8 million jobs added. The rate of employment is flowing and that it will take a long time to get back what we lost in march and april. Host do think that rate of improvement to the numbers we are seeing do not show theme effect of the states have to shut down again . Yes. It was reflected in part because its we saw these gains and then the re intensification
Difficulties that the city is having and im hoping that wed be able to try this out and we can review this as we go along to see if this is not the appropriate hypothesis so follow. Thank you vex. Thank you very much. Any other questions . Id like to note that dr. Hammer who several times weve called out to noted in the chat she is listening to the call, but shes away from the office for a while. Im not sure if shes on vacation or leave, but extends her apologies for not being able to respond, but is listening. We wish her well with what is going on. We can move on to the next item. Other business. Im going to put myself into any comments or questions, commissioners . If there is no other business, we can entertain a motion for adjournment. So moved. Second. All right. I will do roll call. Commissioner bernal . Yes. Commissioner chow . Yes. Commissioner christian . Yes. Commissioner green . Yes. Commissioner chung . Yes. Commissioner guillermo . Yes. And i would like to congratulate co
Unrest in America Portland rorked by violent protest overnight. President trump trying to bring safety and security back to america cities announcing surge in federal Law Enforcement. Coming up at 7 30 a. M. Eastern this morning, former new York City Police commissioner ray kelly is here live. Market this is morning pointing to higher opening this morning earnings driving story take look dow futures right now, up 123 points and nasdaq up 98 and s p up 14 and a half. This after hopes of a new stimulus plan and optimism over Coronavirus Vaccine, fuel market yesterday. Dow industrials were up 165 points at the close yesterday. Nasdaq up 25 and s p 500 up 18. Play ball baseball openingday today the game without fans in attendance on this openingday 2020. Plus it is day four of a week long look at instagram stars today an detective that is blowing up online. Gaining popularity with destructive art. Mornings with maria is live right now. Global markets taking a look at thed s p up 40 points
The dow industrials this wednesday morning are going to go up about 170 odd points at the opening bell. S p, modest gain. A fractional loss, though, for the nasdaq which is at the 11,000 level. Stocks overall getting help from the virus relief talks. Mitch mcconnell talking compromise. Senator schumer talking concessions from both sides. Theyre looking for a deal by the end of this week. My opinion, there is no way Congress Leaves Town friday without spending at least a trillion dollars. I think a deal is coming and the market likes it. Two stocks in the news and moving. Disney, up sharply despite losing 5 billion during the pandemic lockdown. Disney plus has 60. 5 million paid subscribers, 100 million overall and they are starting another streaming service next year. All of that helps. Disney is up seven. Novavax, their phase one trial showed their vaccine to be safe and created an immune response. That stock is way up, 30 bucks a share on the upside. All right. Something different. L
Host our guest reporter is cat zakrzewski of the Washington Post. Mr. Spalter, if you could begin by reminding us what u. S. Telecom is and who you represent. Guest thank you very much, peter. It is great to be here paid ira present the future of connectivity. The members of the u. S. Telecom are the innovators and Technology Company that deliver the networks of the future to all americans. We have Large National providers like at t and verizon and a wonderful regional providers like consolidated frontier and windstream and Alaska Communications but we also represent a number of our smallest providers serving a Rural Communities across the country and around us as well its one of the most innovative Global Technology and prizes like cisco and ericsson and they are also a part of our effort to raise the bar when it comes to this Important Technology which is broadband. Host give us a snapshot, if you would, mr. Spalter of the last couple of months for your Member Companies. Guest i thin