Facebook, twitter set to report quarterly results. More importantly get a little bit of a sense for the out look of what is a uncertain future. Well hear from some of the biggest names in american business. So lets get to it. Fox Business Team coverage. Lauren simonetti and susan li are standing by. Edward lawrence on the recordsetting Economic Growth i mentioned. Edward in washington. First we have the panel, lance ulanoff, geir i hry b. Smith gary b. Smith, scott, an erin gibbs joins us from gibbs wealth management. It will be a fun hour to go through all of this. Amazon is the big one. Amazons numbers are just coming out. In the Third Quarter, amazon already reported 96. 1 billion in sales in a quarter. That is comfortably above the analyst estimates. They were supposed to be up 32 1 2 it were around they blew through that, looks like. With a net profit of 6 billion. On the eps side, well get back to it in a moment. Comparable to analyst estimates. Then to lauren, probably, scott ma
In washington coming out new unemployment claims the United States drop below 1000000 for the week as we look to find the bottom of the pandemic coverage and there are a lot of headlines about trade tension between the u. S. And china dont forget the u. S. And the European Union well they still have trade issues of their own have a lot to get to so lets get started. Its thursday which means u. S. Unemployment numbers were released weekly jobless claims fell to 963000 last week now this is the 1st time the numbers are below 1000000 since mid march that was when the coronavirus was declared a pandemic in late march u. S. Filings hit nearly 6900000 in a single week while the better than expected numbers come as President Donald Trump issued an executive order that provides an extra 4 100. 00 a week of unemployment thats down from the original 600. 00 of insurance but those by. That may not show up for weeks and employment rate fell to 10. 2 percent last month this was after peaking near 1
Should not be ended as fast or as abruptly as they are 1 then what is the actual trade here and florida unfortunately heres what i wish we could report right if you were in a Perfect World you and i would go on the air today and say the surge of cases. Of coal that my team are down oh and by the way employment is up yeah unfortunately we only are able to attach ourselves to half of that story which is employment is looking like its starting to go up by the way and when we say you know comparatively speaking because yeah better. Lets not lets not set off as my mother would say any fireworks yet but if were playing with. A little tiny bit but were still seeing kobe 1000 cases go up in places like florida then you know most Health Experts would say its not a good tradeoff. Some economists would say ok politicians depending on their party would say yeah we love that lets keep doing it so thats kind of whats going on right now in places like florida and arizona and others its a little bit o
This is boom bust the one business show you cant afford to miss im sorry montecito in washington coming up new unemployment claims in the United States dropped below 1000000 for the week as we look to find the bottom of the pandemic coverage and there are a lot of headlines about trade tension between the u. S. And china dont forget the u. S. And the European Union will they still have trade issues of their own have a lot to get to so lets get started. Its thursday which means u. S. Unemployment numbers were released weekly jobless claims fell to 963000 last week now this is the 1st time the numbers are below 1000000 since mid march that was when the coronavirus was declared a pandemic in late march. U. S. Filings hit nearly 6900000. 00 in a single week while the better than expected numbers come as President Donald Trump issued an executive order that provides an extra 400. 00 a week of unemployment thats down from the original 600. 00 of insurance but those benefits may not show up f
Opening up like indonesia. It is broadly risk in in asia. Jakarta, a little slow at the get go. Singapore higher. Of 0. 7 . The china security journal says china may lower that mls. The hang seng up 150 points. The bondaction in markets overnight, especially when it comes to treasuries. Aelds in the twoyear fell to record low. Fund fed funds pricing in a negative policy rate. This is ahead of the u. S. Jobs. Bonds still up. Bit of ar taking a slump ahead of the jobs data as well. Crude, still below 30 a barrel. Set for a second week of gains for oil. Lets get more analysis. Patrick joins us. Always great to have you. It seems like we have risk coming back. Disconnect to be a to what equity markets are saying and the signal from bond markets in the prospect of some type of economic recovery. Which side is right . Actually you could overplay the disconnect. The dichotomy between markets. Right tohey are both some degree. Littles are probably a spare. It is not crazy to see some recovery