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
Tiff movement for 2021 we also see clearly the paces coming in for the third and Fourth Quarter in reverse, the volkswagen numbers fall Retail Therapy shares in the dutch super market giant jump to the top after earnings rise almost 80 in the Second Quarter on the lockdown spending the death toll rises after a massive explosion. President trump suggesting the blast could have been intentional. Our prayers go out to all the families the United States stands with the people of lebanon and well be there to help it looks like a terrible attack. Lets kick off the show with fresh data just crossing the wires. This is the final composite pmi that has come in at 54. 9 that is a touch better than 54. 8, a little color for you on the numbers for july Services Come in at 54. 7 that was a little light. The suppressing strength has come from the Manufacturing Sector which we got earlier this week in terms of the commentary which provides this data, Business Activity rebounded to grow at a rate not
Few hair salon owners in the county today. They say they need more clarification from the state. The owner of ones hair salon in los gatos tells us she worries the new order will force the industry to break the law. They have no choice but to go underground and into the backyard and into peoples homes hair to survive because literally theres no assistance coming their way. Santa clara county is among the 7 bay area counties, currently on the states covid19 watch list who was added to the list of sunday along with Alameda County. Concha costa. Moran napa solano and sonoma counties have been on the watch list for more than 3 consecutive days already, and under governor newsoms new restrictions they have to close gyms places of worship and offices in non critical sectors which some Health Officers say is not very clear plus hair and nail salons and indoor mall that news was a gut punch for Business Owners have been working hard to prepare for reopening this. Now wont be happening. Kron fo
Climb good evening, im ken wayne and im pam moore Governor Newsom has ordered a sweeping reopenings and he is praising the los angeles and San Diego School districts for their decisions not to hold in person classes come august today, the San Francisco Unified School District unveiled what it schools will look like in the upcoming year. The superintendent recommended starting schools on august 17th with Distance Learning. Kron fours terror attack in joins us now live from the School District headquarters with details taylor. Well the plan is to start the school year with distant learning the board hopes to eventually phase students back into the classrooms once its safe to do so they felt that this was the best option after holding many town Hall Meetings and also reviewing the latest science and data. The San Francisco Unified School District is the latest to announce plans of Distance Learning for the fall, our recommendation for the fall. Is that we begin Distance Learning. And init
Australiachina relations think again with beijing slapping penalties. Australia will challenge the move at the wto. Shery lets get you started on how the markets are trading. U. S. Futures under a little bit of pressure, down 1 10 of 1 of the open. This after u. S. Stocks jumped the most in six weeks during the regular session. It was a risk on trade. Stocks finish at the highest level since early march. The s p 500 saw gains in cyclical stocks that have been battered leg energy, autos, banks. More than 90 of the s p 500 gained ground. More haven stocks did lag. The nasdaq rose 2. 64 . We did get some comments from fed chair Jerome Powell before the hearing tomorrow. The fed prepared to use its full range of tools as the benchmark lending rate reaches zero until the economy is back on track. See how markets are shaping up in asia. Sophie kamaruddin joins us in hong kong. Soph . Sophie the bulls perk up in asia. We have futures pointing largely higher. Nikkei futures fell somewhat but h