For july with august rates coming out tomorrow. To since and 7. 5 million californians, 39 of californias entire work force has filed claims, some laid off multiple times. This runs way above the national level. Reporter is humiliating and debilitating for people. To get claims paid. I had to move back with my parents. Thankfully thats an option i was super grateful i have them, otherwise i would be on the street. Normally im dealing with it well. Through this entire season of covid19. It has messed me emotionally. From a california is home to weekly claim showed californians filoyment claims and 30 of the nations claims independent rkers. One report shows that fully half the nations offices remain close. Office buildings that are being allowed to reopen, many workers are not coming back. Reporter political posturing , it took the nation more than six years to fully recover from the great recession, setting up this ominous likelihood. This is more severe in terms of job losses and busi
Fluctuating between small gains and losses. Investors uncertain about what is next. So much to deal with whether it is geopolitical tension, hurricanes or d. C. A bit edgy on the week. The three major averages are on. Ace, but weekly losses pa bigger moves are happening when we go across Asset Classes. The 10 year yield down six basis points. Haven bonds are rallying. Pretty extraordinary. Two months ago, we had the 10 year yield at 2. 4 , now closer to 2 . Tripping what we have seen out of the election when rates initially backed up, shot higher, now returning. The bloomberg dollar index down six days in a row. The lowest level since 2015, down about 10 on the year. The dollar index on pace for its worst year since 2003. All of this replacing the somewhat obvious dovish commentary from mario draghi, dragging the dollar. Both of these Asset Classes dragging on the banks. Look at the regional banks, down 3 come on pace for the worst day since may. This is a concern to some strategists o
About what value is being generated for the patient. We have to be careful not to lose the baby with the bathwater. And more political pressure, top c. E. O. S explain how they plan to steer forward. We have more in common with the administration and the president elect than we have at odds. We want to have good paying jobs, a good paying economy, because eventually, that helps my business. Its all straight ahead on bloomberg best. Hello and welcome. I am michael mckee. This is bloomberg best, your weekly review of the most important Business News and analyst from Bloomberg Television from around the world. Lets start with a day by day look at the top headlines. On monday, the spotlight fell on china contending once again with , an with volatility. Fx reserves slumped by another 41 billion last month as the yuan tumbles. They have tools. How much more willing can they let these reserves drain . Yeah, you can see that they are using they have acknowledged that in the reserve statement t
About what value is being generated for the patient. We have to be careful not to lose the baby with the bathwater. And more political pressure, top c. E. O. S explain how they plan to steer forward. We have more in common with the administration and the president elect than we have at odds. We want to have good paying jobs, a good paying economy, because eventually, that helps my business. Its all straight ahead on bloomberg best. Hello and welcome. I am michael mckee. This is bloomberg best, your weekly review of the most important Business News and analyst from Bloomberg Television from around the world. Lets start with a day by day look at the top headlines. On monday, the spotlight fell on china contending once again with , an with volatility. Fx reserves slumped by another 41 billion last month as the yuan tumbles. They have tools. How much more willing can they let these reserves drain . Yeah, you can see that they are using they have acknowledged that in the reserve statement t
And other countries. 80 it will resolve on their own. The woman who is now tested positive shes at home. Shes not even in the hospital. So the perspective here is important. And the facts once you know the facts, once you know the reality, it is reassuring and we should relax because thats what dictated by the reality of the situation. I get the emotion. I understand it. I understand the anxiety. Im a native born new yorker. We live with anxiety. But the facts dont back it up here. Also, were extrapolating from what happened in china and other countries. We have the best Health Care System in the world here. And excuse our arrogance as new yorkers, i speak for the mayor also on this one. We think we have the best Health Care System on the planet right here in new york. We have. So when youre saying what happened in other countries versus what happened here, we dont even think its going to be as bad as it was in other countries. We are fully coordinated, we are fully mobilized. This is