Peter congressman frank lucas is the Top Republican on the science, tech and space committee. Gopal ratnam covers Technology Issues for cq roll call. Thank you both for being on the communicators. Gopal thank you. Cspan has unfiltered coverage of congress, the white house, the Supreme Court and Public Policy events. You can watch all of cspans Public Affairs programming online or listen on our free radio app and be part of the National Conversation through cspans daily Washington Journal Program or through our social media feeds. Cspan, created by americas Cable Television companies as a Public Service and brought to you today by your television provider. President trump met with the American Workforce Advisory Board on the economy. He was joined by his daughter ivanka and several cabinet embers and Business Leaders. Ladies and gentlemen, the president of the United States accompanied by the honorable vanka trump. [applause] President Trump thank you very much. Busy time. Were making a
Live coverage on cspan2. We have with us, larry kudlow. Id like to just announce the spectacular news for American Workers and American Families and for our country as a whole. Theres not been anything like this, record setting. It was just put out that the United States economy added almost five million jobs in the month of june, shattering all expectations. I was watching this morning and the expectations were much lower than that. The stock market is doing extremely well, which means to me jobs, is what it means, jobs. This is the largest monthly jobs gain in the history of our country. The Unemployment Rate fell by more than 2 Percentage Points, down to just about 11 , were down to the 11 number. We started at a number very much higher than that. As you know we broke the record last month and we broke it again this month in an even bigger way. This news comes on top of mays extraordinary jobs report, which was revised upwards, by the way, to 2. 7 million jobs, it was 2. 5. That was
Even more so but temperatures will be warm with highs back into the mid 80s. Inland, 60s and 70s along the coast in bay talking more about your 4th of july weekend forecast still to come back to you. All right, thank you very much john we do want to begin this morning with the very latest on the coronavirus pandemic record breaking cases in the u. S. Have triggered reopening. Rollbacks in nearly 40 states in fact yesterday the u. S. Had the most infections recorded in a single day with california leading the way. We had more than 9700 cases reported texas saw 8,000 in total Johns Hopkins University Reported more than 50,000 new cases across the country yesterday and that brings the total number of positive cases here in america to more than 2. 6 million with more than 128,000 people, dying and experts worry that if things dont turn around soon we could see eventually. 100,000 new cases reported each day. Heres a look at some of the numbers were seeing across the state again as i mentio
That converted the selloff into a rally. Then came news that European Manufacturing is recovering rapidly from the virus lockdown. That helped the market. Look at it go. The dow is going to be up close to 300 points at the open. The s p, 31. The nasdaq, very solid gain, 70 points. Now, heres another reason for the rally. Big tech, it continues its run. You are looking at premarket prices for apple, microsoft, facebook and netflix, amongst others, all four hit record highs monday. The big tech surge dominates the market. Big tech is pushing higher. Investors this morning ignoring scenes like this. Chaos in d. C. Last night. Right outside the white house, demonstrators vandalized a church, they tried to pull down the statue of Andrew Jackson and they also tried to establish their own seattlelike autonomous zone. This is happening in our Nations Capital right in the center of government. The president s had something to say about this. He obviously doesnt like it. But no word yet from joe
Session here. We are seeing korean stocks up, some 4 . This has certainly been a shift in the risk on sentiment we are seeing. The concerns over the waves are being brushed aside. Across assetsg here. When it comes to your bond, we are seeing yield ticking higher. 73 basis points for your u. S. Tenyear. We saw a rise but it is petering off. Did selloff overnight. Take a look at currencies, the dollar dropped will be the key story here. That is living these markets here today. As aen has been steady rock here. Despite the volatility we have seen. That should give some breathing room for the boj. Perhaps they are likely to sit tight when it comes to policy levers but look for hints on what they do with the Corporate Funding program. Youre seeing that dollar is really trickling through here. The taiwanese dollar is blaring green here today. We are up a third of 1 . The korean won strengthening. 7 . Mmb is unchanged. There has been a sense that the feds have the markets back. Letting the C