Live coverage on cspan2. We have with us, larry kudlow. Id like to just announce the spectacular news for American Workers and American Families and for our country as a whole. Theres not been anything like this, record setting. It was just put out that the United States economy added almost five million jobs in the month of june, shattering all expectations. I was watching this morning and the expectations were much lower than that. The stock market is doing extremely well, which means to me jobs, is what it means, jobs. This is the largest monthly jobs gain in the history of our country. The Unemployment Rate fell by more than 2 Percentage Points, down to just about 11 , were down to the 11 number. We started at a number very much higher than that. As you know we broke the record last month and we broke it again this month in an even bigger way. This news comes on top of mays extraordinary jobs report, which was revised upwards, by the way, to 2. 7 million jobs, it was 2. 5. That was
Even more so but temperatures will be warm with highs back into the mid 80s. Inland, 60s and 70s along the coast in bay talking more about your 4th of july weekend forecast still to come back to you. All right, thank you very much john we do want to begin this morning with the very latest on the coronavirus pandemic record breaking cases in the u. S. Have triggered reopening. Rollbacks in nearly 40 states in fact yesterday the u. S. Had the most infections recorded in a single day with california leading the way. We had more than 9700 cases reported texas saw 8,000 in total Johns Hopkins University Reported more than 50,000 new cases across the country yesterday and that brings the total number of positive cases here in america to more than 2. 6 million with more than 128,000 people, dying and experts worry that if things dont turn around soon we could see eventually. 100,000 new cases reported each day. Heres a look at some of the numbers were seeing across the state again as i mentio
For Racial Justice in the United States renews pressure to change the name of washingtons Football Team. Not just in american football Lewis Hamilton says formula one isnt doing enough to fight racism and ive not seen. Any change and that upsets me Will Champion urges are forced to confront his lack of. Starting in ethiopia this says they were tension remains high days after a popular singer and activist was killed by an unknown gunman. He was laid to rest on thursday in his hometown of west the capital was an icon for ethiopias biggest ethnic group the oromo his murder sparked days of protest with an 80 People Killed in that violence the government says armed gangs have been roaming the streets and so the military is now patrolling the streets in the capital addis ababa. On the line for us now bill in salem who is the spokesperson for the ethiopian Prime Ministers Office of International Media thank you for your time today 1st of all what is the situation after the funeral is the mili
That jobs news to end this holidayshortened week. Check the futures. The dow pointing to a jump of 459 points. Good for a 1. 75 gain. Strong gains on the s p and nasdaq. By the way, the nasdaq in record territory once again, led, guess what, by the big tech names that we follow so closely. All of these names right here are in record territory this morning. Lets begin with tesla, up another 9 this morning after reporting more than 90,000 sales last quarter. That absolutely blew away that word we dont like to say, expectations, and up the stock goes. 102. What a ride for tesla. Amazon, that stock closing in on 3,000 a share. Certainly amazon has been the winner during the lockdown. Microsoft, solidly above 200 a share. Microsoft also doing very well, thank you very much. Everybodys watching netflix these days. Huge winner during the pandemic. That stock coming close to 500 a share. Well, President Trump is well aware of this rally. He tells fox business that the market, though, will cras
June. There are segments of this economy that were very strong before the pandemic and they are resuming their strength. There are other ones that are just plain baffling. I think we are all surprised that retail is doing better, but then we remember target, walmart, costco, these places added people and then the incredible one, the only sector that really seems to be being heard is the one that has the social distancing problem which is restaurants it seems the travel and hospitality people are gearing up and i think that these numbers do reflect the reopening of some states that are now troubled, but i dont want to put a negative gloss on this these are just very strong numbers and we are not where we thought we were or we would be, say, eight weeks ago we had a Strong Economy before, were seeing the strength again. So is this kind of number an Apple Closing Stores number or is this a disney still on track to open in july number well, i think these are numbers where we really felt th