Economists expect most jobless numbers will show that another 2 1 2 million americans filed for Unemployment Benefits last week. That would be a slight improvement from the prior week. The nation has seen about 33 million new unemployment claims in just the past seven weeks. Here in california, the state Employment Development department has issued a new set of guidelines as a result of the coronavirus pandemic. The new rules would allow some people to actually turn down job offers and instead continue to collect Unemployment Benefits. New at 6, andrea is here now to explain. Is a drastic change from what normally happens when people collect unemployment but part of the reason here is that people are supposed to be hunkering down at home to prevent the spread of covid19. It is sort of a day by day week by week. That is how tonya, owner of brown sugar kitchen on broadway and oakland views her current predicament after laying off 34 members of her 40 person staff thanks to the coronaviru
Reporter he did, frank, and he did an unusual thing, he rejected the president s call for dropping Interest Rates below zero, and said he would do other things, such as make loans more available, but he really made a strong point, urging the president and congress to take action. A warning, wednesday from federal chair, Jerome Powell, that we will see a recession. About 40 of those taking less than 40,000 a year have lost a job in march. Reporter powell warned of low productivity, stagnant incomes and bankruptcy. He says the fed will increase lending, but congress and the white house also need to put money into peoples hands. Additional fiscal support could be costly, but worth it if it helps avoid longterm damage and leaves us with a stronger recovery. This trade off is 14 our elected representatives. Reporter powells statement set off along alarm bells. I think it is almost unheard of for federal chairman to be essentially recommending to the president and the congress what they shou
Look at the tenyear reaction. All of this on the eve of the big fed decision. Joining us is the chief executive officer for blackrock global fixed income. I know everybody wants to blame it on the brexit,ry, but the reality is the yield on the german bouund has been falling r 30 years so what does it tell you when the bonds of one of the biggest economies in the world are now a negative yield . So, first of all, i think youre right in terms of they have been falling for a while. Some of it is aggressive Monetary Policy and theres not enough bunds relative to what the ecb has been buying and that people use them to manage their risk and use them as hedges against credit, hedges against other sovereign risk so all of a sudden when theres a flight to quality you get the extreme moves that have created this dynamic today which, about by the way, bleeds into the u. S. Treasury market and other safe assets in the world today. Lets say its only the ecb or primarily the European Central bank d
Rival and in a letter to supporters, biden writes i first met kamala through if i son beau. They were both attorneys general at the same time. He had a lot of respect for her and her work. I thought a lot about that as i made this decision. Kamala harris tweeted joe biden can unite the American People because he spent his life fighting for us and hell work up to our ideals. Im honored to join him as his partys Vice President. Constant presence on the campaign trail with her in the primaries also tweeting, america, lets do this. Joe biden tweeting douglas m. Hoff, are you ready. As we have this history making ticket now, we are learning a lot of new details at this hour about the 2020 ticket. Jessica dean is outfront live outfront senator harris home. When do we expect to see biden and harris together for the first time . Erin, were expecting to see joe biden and Kamala Harris together as the democratic ticket for the first time tomorrow. Theyre going to held an event together in person
Sunday, august 9th. Im kendis gibson. And im corey coffin, we are live from msnbc World Headquarters in new york. We do say hello to boston, looking to be a Beautiful Day today, red sox pitching, now that was a little bit more of a mess. Heard them again yesterday, the blue jays 21 over the red sox, but luckily here in new york, corey yes. We have the amazing mets and the amazing weather. The weather is looking fantastic. If youre looking at the live shot right now, it is a great start, great sunday in new york. This is usually a downtown shop from 30 Rockefeller Center looking at the beautiful Empire State Building and one world trade center. Wow. So good that we pay for that view. Just a gorgeous shot this morning. Thats awesome. Absolutely. All right. All right. Lets dive right in. First this morning President Trump seizing the power of his podium and his pen bypassing congress and signing an executive order and three memoranda on the covid relief after stimulus talks with democrats