Labor department reported on thursday now this came in below economist estimates of nearly 1500000 jobs lost and fell 249000 from the previous week marking the lowest level since the start of the pandemic now while this all sounds very positive keep in mind the continuing claims are still at what 16100000 despite dropping 5844008 couple this with that massive contraction in us g. D. P. By 33 percent for the 2nd quarter of this year and you would think markets should be in shambles but thats not the case since testing lows in march at the onset of the pandemic here in the u. S. The 3 major indices are thriving the nasdaq is continually pushed a new record high and now the s. And p. 500. 00 well its just a few percent away from setting new records which were established previously in february of this year while the dow hasnt been able to quite get to precocious teen levels the index has made substantial gains over the last. What so why is that well to break it all down this disconnect th
Very positive keep in mind the continuing claims are still at what 16100000 despite dropping 5844000 couple this with that massive contraction in us g. D. P. By 33 percent for the 2nd quarter of this year and you would think markets should be in shambles but thats not the case since testing lows in march at the onset of the pandemic here in the u. S. The 3 major indices are thriving the nasdaq has continually pushed a new record high and now the s. And p. 500. 00 well its just a few percent away from setting new records which were established previously in february of this year while the dow hasnt been able to quite get to precocious teen levels the index has made substantial gains over the last 4 month so why is that well to break it all down this disconnect that were seeing lets bring in some expert analysis from cohost christiane a moslem chief market analyst at the trade thank you both for being here its great to. Have you back so lets start off with you whats propping up this mark
Cruel puppy mills are supported by dog shows and pet stores most of the puppies are coming from this large Scale Factory farming kind of operations are being sought and at stores even joined a good businesses are involved like agoa mom sent to theres been a shocking amount of organized opposition to adverts to increase the standards of care for dogs bred in commercial rating for so many most of that opposition is coming from huge agricultural groups and industries that have nothing to do with jobs dont buy dog. Ah no team no crow. No shots no. Action the belt. Well. No 1st 12. Points your thirst for action. This. Boom bust the one business show you cant afford to miss and washington coming up markets continue to surge but those numbers dont seem to fall in line with the real economy is us weekly jobless claims continue to mount and as the fog of uncertainty is clouded the Global Economic outlook investors are rushing to safe haven assets like big coin and gold straight ahead we take a
A reward of up to 10000000. 00 for information leading to the identification or location of any person who acting at the direction for under the control of a Foreign Government interferes with us elections so mike tell me whats a gal go to do to get their hands on the 10000000. Or with the report now theres being big recent gains for gold bitcoin on Global Markets what is driving the surge and will it last. And plenty more besides in a moment. The m. C. Maxwell saga is one of the most sensational stories of our time however the Media Coverage appears to be limited to learning details and political overtones to the single biggest question that needs to be answered is how all of this could have happened where was Law Enforcement and will justice be finally sir. Thanks guys its financial survival guide. When customers go by you or do sometimes. Well reduce allow or. Thats undercutting but whats good for the market is not good for the Global Economy. And illegal takeover of the government
Market. In the we want to begin in washington, where the u. S. Passed a record 2. 2 trillion economic rescue package. The house will vote potentially on friday. Going this is kevin cirilli. Walk us through some of the highlights here. Kevin shortly before midnight, the senate, in a resounding 960 trillionsed the 2 economic stimulus bill. That puts pressure on the house of representatives to get this done quickly. Theres been some comments from farleft progressives and far right republicans that they may have some issues with this version of the bill. I do not it is about that being enough to significantly stop this from being passed, based upon my reporting. I can tell you that the likely vote will come friday, and President Trump has said he is going to sign this virtually immediately once it lands on his desk. Alix thanks so much. As i mentioned earlier, europe really stepping up its effort to deal with the fallout from the coronavirus. The latest is the ecb started buying bonds, but