Now because you are only the second wealthiest man in the world, right . Many companies are racing for a vaccine. This ceo is emma wants me. Has a vaccine that will help cure covid 19. How me times a day to people ask you when youre vaccine will be available . Regularis a very question. Have alluently, we been delighted to see the very recent years that some of the first results coming through on vaccines. Yesterday, i was on a call last globalith 10 of the pharmacy ceos that are heavily involved in bringing solutions to covid. We are excited and optimistic to see the first data come through and looking forward to seeing more come through in the next six months or so. We have three vaccines and the clinic and to therapeutic treatments. Everyone is understandably inpatient. We wipe off with the pandemic 500 billion of value with the world. I think that we can be increasingly optimistic that the science will win. Mobilizedry that has so fast it will start to bring Scale Solutions and we
Though and that is the fact that for Unemployment Benefits a large expanded during this downturn during that for obvious reasons as well and its funny when that happens it makes it very difficult to compare the unemployment numbers. Because were doing very Different Things so that you have lost if you have the same as youve been as youve unemployment before and the same kind of benefits what kind of train starting point would we have seen over concourse odds that question but it is clear we are much much higher so it makes a comparison very very difficult but so as long as you have those use that image ability requirements and larger payouts and the covert partial shutdowns of this were going to carol see high unemployment has come through so that is not going to change anytime soon i think as long as this situation goes on will concurrency well especially of these sectors are already struggling and looks like a lot of these employees arent coming back and theyre having more and more l
Years. On people still die i dont know which question are still alive arent being allowed to live where so many have. This is boom bust the one business so you cant afford to miss im sorry monteith aopa in washington coming up the Labor Department reported a steady fall from the week before on jobless claims but still higher than expected well thats because what this means for the overall economy and market. To u. S. Companies may be closer to finishing the deal for tech top but out trump and ministration may just have to wait for china to give the ok well get the latest from the dean of the Miami Harvard Business School and we have a lot to get here so lets get started. We begin with the unemployment numbers as weekly jobless claims took an unexpected turn for the worse for the week ending on september 19th Labor Department reported 870000 americans filed for unemployment thats up from the week prior with 866000 the Labor Department remains stuck at a pretty high level here still abov
From the dean of the Miami Harvard Business School and we have a lot to get cute but. We begin with the unemployment numbers as weekly jobless claims took an unexpected turn for the worse now for the week ending september 19th Labor Department reported 870000 americans filed for unemployment thats up from the week prior with 166000 the Labor Department remains stuck at a pretty high level here still above their peak 65065000 during the Great Recession that was between 20072009 the data comes as u. S. Lawmakers still havent come to an agreement on a new round of stimulus something the Federal Reserve argues is needed for economic recovery earlier this week Federal Reserve chairman Jerome Powell and u. S. Treasury secretary Stephen Newton well they expressed concerns over more need for aid. Password will depend on keeping the virus under control and on policy all see actions taken at all levels of government we continue to work with congress on a bipartisan basis to pass a face for Relie
Confusion as to what the boe is doing. Are they dovish or hawkish . Cannot tell. Guy, we will be speaking to the iea executive director and also at Columbia University visiting professor and former citi chief economist. Guy also formally of the bank of england. We will just what exactly we have been learning from the bank of england. A lot to digest and hard to fathom. Hour we last half an have seen news from the press briefing. A teleconference briefing with reporters after the policy decision. He did not discuss negative rates, and did not discuss neil yield control. But there will be some degree of flexibility with the pace of qe, which looks like it is going to slow down. Economist joins us to give us his take. What we got from the bank today seems to be slightly hawkish inasmuch as the chief economist is dissenting, saying that he feels the economy is picking up faster than anticipated, and he did not see the need for extra qe, in the rate of qe will be blowing down. Am i right to