Simply not coming back. Markethe back of a labor surprise in treasury yields, drifting higher. That is the call you are looking for. Lets start with the jobs number and what it means for the policy effort in washington. I think the number is a sigh of relief. The markets were trying to get jittery going into friday, not knowing how bad or good the numbers would be. This is clearly a step in the positive direction. What this means for policy is yet to be seen, still a lot of bickering going on between the house and senate. If anything, in some respects i would argue that the good payroll number argues for congress to pass another deal to support the economy. A lot of the positive momentum we have seen in the last three months is because of fiscal stimulus. Treasury yields higher by eight basis points on the 30year. This is something that you are looking for. Thender how independent sweetener is of the next move down in washington . Subadra i think they are all closely tied to each other
July jobs number will be released. Ahead of that, what sort of trends are you seeing as states begin to report have reported a rise in cases and weve seen closures of the economy in some states across the country . Right. Let me start by saying good morning, bill, to you and your viewers. Well, the trend lines have not been good. There are two indicators for whats happening with employment. The Census Bureau is putting out preliminary data that indicate that the percentage of americans who are employed is declining again. And the Labor Department puts out data about initial weekly unemployment claims. Basically people filing for their Unemployment Benefits for the first time. And those numbers have been pretty stagnant since the beginning of june, and recently have gone to tick up a little bit which is application that there are more people losing their jobs in the economy. So those two indicators suggest that while we may see some jobs growth when we get the unemployment and jobs numb
Coronavirus cases continues to rise even here at home kron fours gayle ong joins us live in galle he talked to invent Infectious Disease expert who says that these numbers that hard to understand exactly what they mean. Yeah i can among the experts weve been hearing from a lot saying that these cases and deaths are under reported and thats due to limited testing early on and asymptomatic people. Testing capacity has grown in the bay area and beyond to perhaps the reason why were seeing a rise in covid19 cases and deaths that the case counts are going in the right direction that is down thats good that theyre going up. Well maybe its because were casting but more likely theyre going up because the acres have changed in more people have gotten on wednesday. John Hopkins University reports the nations death toll surpassed 100,000 people since the first u. S. Recorded death from covid19 less than 4 months ago 100 thousands are real watermark this epidemic in the country doctor George Ruthe
Between gold and big point for safe haven supremacy with a packed show today so lets dive right in. And we lead the program with an escalation in tensions between the United States and china the trumpet ministration on friday announced new measures to block shipments of semiconductors from chip makers to while away technologies in announcing the move the u. S. Commerce Department Said they would be changing the export rule to strategically target while ways acquisition of semiconductors that are the direct product of certain u. S. Software and technology adding the announcement cuts off while weighs efforts to undermine u. S. Export controls under the amendment to the rule Foreign Companies that keep that use chip making equipment originating in the us will be required to obtain a license before providing the chips to walk away or any of their affiliates earlier this week the us president and donald trump extended an executive order originally signed in may of 2019 which stopped u. S.
A packed show today so lets dive right in. And we lead the program with an escalation in tensions between the United States and china the Trump Administration on friday announced new measures to block shipments of semiconductors from chip makers to weiwei technologies in announcing the move the u. S. Commerce Department Said they would be changing the export rule to strategically target while ways acquisition of semiconductors that are the direct product of certain u. S. Software and technology adding the announcement cuts off while weighs efforts to undermine u. S. Export controls under the amendment to the rule Foreign Companies that keep that use chip making equipment originating in the us will be required to obtain a license before providing the chips to walk away or any of their affiliates earlier this week the us president and donald trump extended an executive order originally signed in may of 2019 which stopped u. S. Companies from using Telecom Equipment made by company. That