15. 7 . Sort of a proxy, this is old data a week older than the other data for the Unemployment Rate looking at the chart you can see it coming down tick by tick but leveling off and well hope it keeps coming down in the weeks ahead. Lets look at the states with most claims. California, 28 , michigan 23 of those who are insured or eligible for Unemployment Insurance getting that insurance there, down to rhode island at 28 . Look at the states with the fewest claims, two stories going on here, one, some states not that hard hit, perhaps nebraska, likely wyoming, but look at the right, florida, again, thats a Big National Story here. The percentage of floridians who are receiving benefits being so small because of their problems with their computer systems, just 5. 2 . Now the fed out with a survey of Household Economic developments and they did a supplement for april just to try to get the recent data. They found 90 of households report either a lost job or reduced hours but 90 on the l
Day from the field to the fork, to the grocers, to the meat processers, and thanks to the president s decision to use the defense production act we now have uniformity. The objective is work every day to keep those Meat Processing plants and ones coming down going back online. While were trying to keep workers safe an healthy. Weve done that. So with the testing, with the ppe, with the restructuring in the facilities theyre also doing a lot of that as well to social distance where they can, put in shields, look at lines to separate the shift. Partnership, really. Kim, we had great talk with owners of the plants, the top people, big people, big companies, actually. You wouldnt believe how many plants they have. I believe it was a very strong talk and i think they got the message. So within a week 1 2 we should be in great shape, maybe sooner. Another piece of it is, as the price for price of boxed beef is really skyrocketing. There is a huge price differential disparity. Farmers are hur
Committee. Amy is the chief Investment Officer of the chevy chase trust. I want to show you where we stand right now. Another brutal jobless number to digest along with technical damage to key sectors. We have had a nice move off of the lows the dow is hanging onto 23,186 its a loss of 65 points good level for the s p to keep an eye on 2800 nasdaq the focal point of so much of our conversation is giving back 1 there it is on the right side of your screen. Put the last couple of days into perspective with what were seeing today you are one of a top Financial Adviser in this country. Whats the word . Well, i think any objective way of looking at this, the market is pricing in a lot of good news at large i think thats what you heard from david tepper. Its hard to find anybody that disagrees with that. I think in the very short run theres asymmetric risk to the downside market vs mos have moved a lot as we move to open in the recession ends and the recession will end in is an engineered re
Not a surprise if you look to see whats happening with the shutdown of the economy, the forced shutdown because of coronavirus. Taking a look at the tenyear this morning, it looks like that is yielding about 0. 735 at least on the last time i looked at the boards it was. And then wti is the other big story today. Joe also mentioned opec plus deal it was an historic one opec and other nations agreeing to cut Global Oil Production by onetenth. Well talk about this in a few minutes. Wti is up by 1. 5 to 23. 11 a barrel. We have a huge lineup of squawk newsmakers including Mohamed El Erian, Richard Preston and dr. Scott gottlieb starting in a few minutes. Andrew thanks, becky hope everybody had a great weekend. Lets bring everybody an update on the pandemic. Of course, the number of confirmed cases in the United States now more than 557,000 and the death toll is more than 22,000 there are 190,000 cases in new york state with more than 9300 deaths that means new york alone has reported more
Mccabe, a frequent target of president trumps rage over the russia investigation gets word he will not face prosecution. This as questions swirl about how much influence the president has over the department of justice and its investigation. All that plus in memoriam. The Los Angeles Lakers reveal their plans for a Massive Public memorial at the Staples Center for kobe bryant and his 13yearold daughter gigi. Scary scene. A tow truck driver incredibly gets back on his feet after getting knocked down by someone driving a stolen vehicle. And close call. A giant asteroid three times the size of the Empire State Building is hurtling by earth this morning. But dont worry its missing us. Today, saturday, february 15th, 2020. Announcer from nbc news this is today with peter alexander, kristen welker, and dylan dreyer live from studio 1a in rockefeller plaza. Welcome to today and thank you for joining us on this saturday morning. You hear about that ostroastero missing us it feels like its a li