Employers have been creating jobs at a healthy clip for years, but today, just one day before the july employment report is set to be released, there were two setbacks for american workers. Firsttime applications for Unemployment Benefits rose by 3,000 last week to a seasonally adjusted 269,000. We also learned today that there was a rise in layoffs last month and tomorrow we may get answers to some pressing economic questions. Hampton pearson has more. Reporter sagging Energy Prices drove layoffs higher in july, a 19 increase over june. Out placement first challenger, gray and christmas says the cuts came from large employers. The big oil companies, conoco phillips, made a big cut this month as well as the Equipment Companies like halliburton continue to cut jobs as they react to the real amount of business that they have got to handle. Reporte despite the setbacks, leading economists still see a labor market healthy enough to support Economic Growth for the rest of the year without t
Jobs at a healthy clip for years, but today, just one day before the july employment report is set to be released, there were two setbacks for american workers. Firsttime applications for Unemployment Benefits rose by 3,000 last week to a seasonally adjusted 269,000. We also learned today that there was a rise in layoffs last month and tomorrow we may get answers to some pressing economic questions. Hampton pearson has more. Reporter sagging Energy Prices drove layoffs higher in july, a 19 increase over june. Out placement first challenger, gray and christmas says the cuts came from large employers. The big oil companies, conoco phillips, made a big cut this month as well as the Equipment Companies like halliburton continue to cut jobs as they react to the real amount of business that they have got to handle. Reporte despite the setbacks, leading economists still see a labor market healthy enough to support Economic Growth for the rest of the year without the volatility of the last two
Controlling shareholder Sumner Redstone kicked five of viacoms directors, including ceo fa lien de felipe delmon, off the board extending the incredible move over redstones iconic media empire. Shares rallied on the news climbing more than 6 . Viacom issued a statement pointing fingers at red stones daughter sherry saying, this is a brazen and demonstrably invalid attempt by ms. Redstone to gain control of viacom and its management. So how does this one play out . Tom megan, joins us now, welcome, nice to have you. I guess one of the questions is, who do you think actually made this move . Sumner redstone, ms. Redstone, or the board of national amu amuseme am when the story first came out it was billed as a National Amusement board move. Who do you think did it . Im not sure if it matters whether its sumner or daughter sherry at this point. I think that since they have this since they really control National Amusements and the they have 80 control of viacom, again, i think thats whats
You more information as it becomes available. You can be the first to know about breaking news by downloading our mobile app. You can also watch livestreams of our newscast. Any time were on the air. Nate. Just a horrible start to our morning. Please tell me we can at least look forward to some good weather. Get ready for a brief ride up on the temperature rollercoaster. Well be near record highs for sunday and monday. The records for both days are 11 and the both days is 110. Well slowly see afternoon highs slide back down as next week moves along. Well even see some clouds moving in by wednesday and thursday leading to slight chances for showers. If we do get rain were not anticipating major accumulation, but we are expecting the afternoon highs and even slightly below normal by next weekend a Metro Police Officer is behind bars facing child pornography charges. Officer Ruben Delgadillo was arrested friday and is now on unpaid administrative leave. Officials say delgadillo was taken
Barely. Never the less, it marks the longest string of weekly gains for nasd2010. That streak hit eight despite a slight. Stocks came under pressure as expectations for an Interest Rate hike later this year rose. Despite those daily declines, stocks remained near their all time highs. Today, the Dow Jones Industrial average off 45 to finish at 18,552. Nasdaq fell one and the s p 500 week, fractional moves with the nasdaq, remember i said barely, well, it was baw a the lower. Despite todays winning streak on wall street, many were according to the wall street journal, Big Companies are giving more of their profits to shareholders than any other time since the financial crisis. Even as record low bond yields put a dividend, but are these payouts putting companies at risk . Lets turn now to mary ann with gradient investments. Welcome. Nice to have you here. Thank you for having me, sue. I guess that is the question. Does the dividend pay out pose a risk forn this market . Well, i can say