Deliver remarks on jobs and the economy, and from the Mankato Regional Airport in minnesota looking at the live pictures and then hes headed to wisconsin for another event weve got that all covered for you. Now, theres one area of the economy going full steam and thats housing. The exodus from the cities to the suburbs fueling demand for one company, so much they are actually struggling to fill thousands of open positions, even with millions of people still unemployed in this country weve got the ceo of two men and a truck, hes here on the housing hotspots and hes in the cities where people are going and there was this new forecast by the cdc, predicting that the u. S. Coronavirus death toll could reach 200,000, by september 5 but could a newly approved rapid saliva based test be a major game changer . Its pretty interesting stuff today former secretary of health and Human Service dr. Tom price is going to give his prognosis on this new test and a lot of other things within the pandemi
Program,ve callin washington journal. Heidi shierholz, former chief economist at the u. S. Department of labor earned the Obama Administration from 2013 to 2017. Now with the Economic Policy institute. Thank you for joining us this morning. Thanks for having me. Host wanted to talk about the impact of the pandemic on workers. What do you see . Its pretty grim. Its really bad right now. So as of mid april, the official Unemployment Rate had jumped to 14. 7 . But because of some misclassification and undercounting of people who had lost their jobs as a result of the virus, i think that a more accurate description of where we were in mid april is more like a 23. 5 Unemployment Rate. And weve had another five weeks of deterioration since then so its pretty grim. Really sachs which has a good Economics Research shop, they are forecasting that the Unemployment Rate average 30 in may and june. So its going to get worse before it gets better. Its pretty grim for workers out there right now. Ho
2027488000. Mountain and pacific, 2027488001. You can also send us a text at 2027488003. You can also post to twitter and facebook. With thoseis morning numbers courtesy of Johns Hopkins university. The total number of confirmed cases in this country approaching 1. 7 million. On the right side of the screen, there is that figure, the death 98,929, 98,000 929. Nearly 100 thousand americans have died. A special pullout on the usa today, these are 100 people out of the 100,000 americans who have died from the coronavirus. Different ages, races, and backgrounds they point out. The next 100 days could define a new era, right usa today. It did not take longer than 100 days for the virus to claim the lives of nearly 100,000 americans. Thenimaginable toll, since first person in the u. S. Died from covid19, which is thought to have been february 6 in california. Borne out by the diminished rates of new infections and deaths in may is not enough to keep the u. S. From reaching that grim mileston
Rate decision. Apple also in focus as wall street reacts to its launch event, including a new iphone lineup. Meantime, china insists it has not issued a ban on the companys flagship product. Were going to get into all things a. I. With tech ceos meeting with lawmakers on capitol hill to what Salesforces Marc Benioff told jim about that technology. Lets begin with cpi. Obviously, core, bit of a disappointment to the bulls, jim. Gasoline is more than half of the headline, up 10. Car insurance, up 2. 5, but lodging away from home down 3. I was listening to Steve Liesman break it down, and i agree with what steve was saying, its just empirical. Theres nothing that says that gas and oil and have necessarily trickled into the rest of the combination. We do know ive been talking with major insurers who are using, believe it or not, Artificial Intelligence to actually get prices to where they are lower, and i wonder whether that wont filter in as part of a larger conversation about trying to g
228 points, s p climbing. 67 . Nasdaq gained. 68 house of pleasure. You have to wonder will we get a monster run to dow 30,000 . Is this a total s p 500 jail break . Is the sky the limit thats how i feel after watching hours and hours of tape and marveling that once again we have such broad leadership from the industrials, the airlines, the financials, even the tech stops. This move is eery. Whats driving it . Oh, you know, come out here every night, same as always. Stock shortage, its really been acuteness in the industrials 401 k money being thrown at the market animal spirits a stronger consumer. Tax reform deregulation and a general reevaluation higher for all stocks. Whos doing the leading . Once again, its boeing, its caterpillar, adobe, alphabet, its apple and its netflix. Oh, sure, periodically we have to change things up. Today was all aaang, which is what happens when facebook stumbles so badly it isnt worth the faanging a nic ing acronym. I swear if boeing keeps worrying, yo