In washington coming up the rate in new unemployment claims may be leveling off but congress and the white house look to be stocked yet again on a stimulus plan and the pressures continue to rise across the globe due to the pandemic swine flu and unpredictable weather well tell you what this could mean for those who are already struggling to get enough to we have a lot to get through to a lot of markets. We begin today with jobless claims as u. S. Unemployment fell just slightly for the week ending on october 3rd to a fresh pandemic low the u. S. Labor department reported initial jobless claims at 840000 worse than expected showing the labor market is still experiencing a slow recovery while the economy is still growing its been a gradual comeback as concerns rise over another wave of layoffs without another federal relief package still some 25500000 americans are collecting some sort of benefits so for more on this and the overall state of the economy and markets we bring in boom bust
Your record deal is 800000 businesses that have permanently closed their doors so unfortunately its going to be at least 2 years were getting back to we were and by the way thats if you believe the Prescription Drug hell. And a viable economy comes from or rolling trillions upon trillions of dollars and drinking it all right the number were looking at still its lower than a 1000000 that we were saying at the beginning of the pandemic but its still pretty high its just over 800000 still closer to a 1000000. Why are we still losing 840000 people i mean were supposed to be underwhelming route to recovery by the way if you look at continuing claims including pandemic unemployment assistance were at 20000000 people there are still seeking dont really need and this should not be the case for an economy that is supposedly in a violent the shape recovery just not james well its definitely not. The case christine meanwhile after pulling the plug on stimulus negotiations the Airline Industry is
This is boom bust the one business show you cant afford to miss unfair montecito in washington coming up the rate in new unemployment claims may be leveling off but congress and the white house look to be stocked yet again on a stimulus plan to continue to rise across the globe due to the pandemic swine flu and unpredictable weather will tell you what this could mean for those who are already struggling to get enough to eat we have a lot to get to the law that starts. We begin today with jobless claims as u. S. Unemployment fell just slightly for the week ending on october 3rd to a fresh pandemic low the u. S. Labor department reported initial jobless. 840000 worse than expected showing the labor market is still experiencing a slow recovery while the economy is still growing its been a gradual comeback as concerns rise over another wave of layoffs without another federal relief package still some 25500000 americans are collecting some sort of benefits so for more on this and the overal
The state of your health that day . [laughter] one of the most powerful women in the Business World today is ruth porat. She started as an investment banker at Morgan Stanley and rose to be the cfo of Morgan Stanley and rose to be the cfo of google and now alphabet. In that role she has enormous influence at that company and has done a terrific job in making certain that the Balance Sheet works well and that they really are much better organized. I have no doubt she will be a power at alphabet for a long time unless the next president says i would like her to be secretary of the treasury. She would be a terrific candidate for that position. During this period of time, google and alphabet have done quite well. Your stock is up more than 20 this year and from the time you became the cfo, the stock is up over 200 and the market cap is up over 200 , so its done quite well under your leadership. Im curious, are more people looking at doing searches now during this covid19 period of time tha
In addition, more than 50,000 state employees, including police officers, teachers, and bureaucrats have been suspended since last week. Russia has decided on its team of athletes for next months olympics despite facing a possible ban for doping. The Russian Olympic Committee announced a list of 387 athletes on wednesday. The Committee Said that its team has been monitored by an Antidoping Agency for six months. It stressed its athletes are clean. Translator the ioc and other related groups said they would protect the rights of clean athletes. Its the right thing to do. They must protect them. Russian athletes are on the brink of being banned by the international Olympic Committee for competing in the rio games. A report earlier this week detailed a statesponsored doping program in russia. The ioc is considering its Legal Options for punishment. Russias track and field athletes were banned from competing last month because of doping allegations. In response, the Russian Olympic Committ