Addition to the pandemic relief and fighting the coronavirus, what else should be a priority. Republicans, one line, democrats, one line, independents and others,. One line you can also send us a text. Include your name and where you are texting from. And onter, cspanwj facebook. We will hear from a couple of members of Congress Later in the program. We will ask them both about the status of a potential pandemic relief bill. We will also show you some of the highlights from last nights cnn interview. First, a piece from page of washington journal using data from johns hopkins. The whole front page, if you go online, you will see the interactive map showing the spread of the virus across the country. The april 17 spring peak, july 25 at summer peak, the low point between the summer and fall of september 19. So far, in the fall, the fall peak to describe, two weeks in november, over 2 million cases. Over 12 million cases. The bottom line is how the surge engulfed. They write today, about
President elect biden this is one of the worst economic and job crisis in modern history, but it doesnt have to stay that way. If we act now, now, i mean now, we can begin to regain momentum and start to build back a better future. There are no times to lose. Millions of people have lost their Health Insurance or in danger of losing their Health Insurance. One in six renters is behind in rent. One in four Small Businesses cant keep their doors open. And there is a growing gap in black and latino unemployment and the gap remains much too large. Deeply troubling that last months unemployment was driven by people dropping out of the job market, not because they were being hired. They have lost hope of finding a job and taking fulltime care giving responsibilities as Child Centers remain closed and children learn remotely. Over the past three months, 2. 3 million more people are longterm unemployed. Meaning 23 weeks or more. By far, the largest increase on record. This is a dire jobs repor
Declining. We saw a constructive things. Waiting for the eighth or ninth year of expansion is not a perfect strategy. There is an issue of wanting to do as much as we can to avoid exacerbating the longstanding inferences and get back to a Strong Economy or we can start making progress again, which is what we were doing in february. Senator smith as the fed chair and at the fed you have the mission of low unemployment and managing inflation. And this need to spur job growth. We said there is not been a big worry about inflation. What if the fed were to lower its target for employment, even under 3 . What impact might that have on addressing longterm needs for addressing inequality. Changeowell we made a in our operating framework which addresses that directly. We will have an estimate of the natural rate of unemployment. We will not act on that, even if unemployment goes below that, unless we see inflation or some other problematic thing that seems to be late to where our rates are. We
When it begins lets elook at what is driving the numbers today. Millions of americans remain out of work. Could that weakness pressure lawmakers to reach a stimulus deal we will see. Negotiations are under way as we speak. The dow up some 200 points or so two thirds of a percentage with 59 minutes left in the trading week kayla. Wilf, it is great to see you on this friday afternoon coming up on the show, door dash and airbnb ipos to come next week and a big test for appetite of some names in growth tech speaking of high growth, scott cutler, we will get his take on the e competition in apparel and sneakers mike santoli has the market covered. Ylan moi is tracking the latest movements on a stimulus deal and we will dig about sboo the jobs report with Dana Peterson. Mike first to you. What are you seeing behind the charts. Almost all news translated to good news for the market in this current mood that investors are in if you look at a fiveyear chart. Decided to broaden it out here more
There, about 30 points, 25 points now below that benchmark. That is in part thanks to boeing, that is the dows gain that stock is up about 7 after one of its biggest customers, ryan air, near lily doubles its order of the plagued 737 max plus texas roadhouse that stock is up 200 since the march lows can you say that about many other restaurant chains . I dont think so also near its record high, the ceo, ken taylor, will be with us interesting, engaging guy. Hes going to tell us how he pivoted the business to thrive in this new normal as power lunch starts right now. Hi, tyler. Hi, everybody. Stocks are off the highs of the session but all the major averages are on track for their second week in a row in the green. Lets go to bob pisani for whats driving us higher today im a little disappointed with the action. The comments a stimulus deal was in reach helped early on but has done nothing in the afternoon. Were moving in a narrow range, kind of flattish all the right stuff is moving. De