This morning, the disturbing charges she faces. In some cases maxwell participated in the abuse and how epsteins accusers are reacting to the news, including an interview with a woman who says maxwell recruited her. Breaking overnight, under pressure, the Washington Redskins facing pressure to rebrand, including from fedex, the sponsor whose name is on its field, and nike pulls redskins merchandise from its website. Whats the teams next move . Remembering an icon. Good morning. This is today in new york. Well celebrate the life of broadcasting legend hugh downs, televisions most familiar face for six decades, including his time here on today. All that, plus a fourth like no other. From new ways of celebrating to how the weather is going to be, americas plans to mark Independence Day in this new normal, today, friday, july 3rd, 2020. Announcer from nbc news, this is today with Savannah Guthrie and hoda kotb from studio 1a in rockefeller plaza. Hi, everybody, good morning. Welcome to tod
Focus with back in more job cuts in the wake of a record loss. Lets get you started with breaking news out of south korea. The Unemployment Rate for the month of may, coming in at 4. 5 , much higher than economists had expected. 392,000 jobs were lost in may from a year earlier. 4. 5 would be the highest level since 2001. This would be the adjusted jobless rate. We have seen losses of jobs when it comes to the hospitality, retail, and manufacturing sectors. Pressured because of weakness in global demand. There was some positivity over easing social distancing. For the month of may, it seems the Unemployment Rate has jumped in april, the. 8 highest level since 2001. Theing us for more is jpmorgan chief economist. Great to have you with us. That seems to be much higher than expected. His it just the is it just the tip of the iceberg given that we are expecting external demand to continue to be weak for the time being . Good morning. Yes, that number is higher than our expectations, indee
Holiday, were seeing gains close to 2 . Watching futures as well after we saw the dow, s p and nasdaq rally almost 7 overnight. U. S. Futures seem to be quite elevated. Take a look at india as well coming back online. U. S. Futures heading to negative territory now. Oil is stabilizing and resuming the gains ahead of the opec plus meeting thursday. Treasuries falling. Yen falling as well when it comes to the currency. The pound, we see Boris Johnson the Prime Minister now in intensive care after not being able to shake off the coronavirus. Watching the aussie dollar. Dont expect much but well look for an economic update. It was one of the worst curnsniss the world but it seems like second half could be a different story. Signs it could strengthen in the back half. Nomura saying it could strengthen to 13 rks 300 by year end. Tom we have some lines coming out of lamb now giving her weekly press conference. You can see her there. She has said that hong kong hopes to announce a second round
The kospi back online after being shut yesterday. We know that president moon securing a big win, capitalizing on success and containing the pandemic. 100 taste 103 seats in parliament, ending a bull market yesterday. Ahead of the earnings later today, the first earnings since the pandemic started. So a gauge of how the Tech Industry is doing. Lets flip the page and take a look at currencies right now. The dollar index up, surging the most in weeks. Weaker today. A question of why that haven like the yen is currently down. On risk aversion and the plunge and ore prices adding to the conscience. Today, almostbers 6000 jobs created. Expectations were for a drop of 30,000. Parttime jobs pretty much responsible for the jobs added. One. Ooking at the rishaad data from the u. S. , retail sales and production numbers not for the faint hearted, cratering in march. Saying businesses are increasingly concerned about even weaker conditions ahead. Kathleen hays has been looking at wall all these f
Cause theyre gone i am announcing i am suspending my campaign for president. When your polls were high we will win or asking whos this guy im tom steyer. [ laughter ] no one know they come and go goodbye super tuesday the race goes on but without you maybe youll be picked for v til then we will miss you dont ask yourself why no one vote for me i know we can do it, because ive done it could have told you thats the way it would be in the polls, mayor de blasio is hovering around zero. [ laughter ] your ideas were whack im going to harness love [ laughter ] you tried lots of snack its how it goes you didnt get a rose [ laughter ] goodbye super tuesday the race goes on without you maybe youll be picked for v til then we will miss you jimmy we have a great show give it up for the roots, everybody. [ cheers and applause [ cheers and applause jimmy thank you very much. Thank you, roots thank you, everybody hey, i want to send a shout out to everyone down in nashville recovering from last nigh