If demand for that paper does not come back in the coming months, what is the longerterm implication for Interest Rates . I know you are reticent to give any forecast on Interest Rates, which i understand. Give us a tone about the correlation there. Chair powell there seems to be plenty of demand for our paper. I would not want to speculate on what Interest Rates might do. They are the worlds reserve currency, and particularly in times of stress people want to own u. S. Treasury. That is been the way it is for a long time. Even if some of the problems, as in the last crisis, love the problems originated here, people wanted u. S. Treasury, and that is because we have the strongest economy, the best institutions, the most liquid markets. One last question. Youve been very gracious with your candor and your time today. I have heard a conversation in this hearing about labor. I hear all over my state, our state was one of the first ones to reopen. One of the inhibitors to supply and demand
First of all, update you on our hiring effort. You know, we were at record low unemployment in february, so we had low staff and low federal funding. Fast forward now, this historic demand for benefits and we are getting more increased federal funding, so we are now in the process of hiring 4,800 new staff to come help us with the unemployment and insurance demand that we are dealing with. Were doing that in an expedited fashion. Theres a great web page to give you the information about those positions that were filling, all aimed at trying to help us increase capacity as much as possible to deal with this historic load. Are you seeing any differences in the past week in terms of the claiming coming in as california starts to reopen and peopl are startg to go ckwo . Are you impact on your end yet . Well, we continue to see hundreds of thousands of new claims each week and well have some new numbers out again tomorrow as we do every thursday. And we have paid, the last week, more than 2
Curbs. The amount of storage is 300 higher than a year ago. And global virus cases top 7 million in less than a week after topping 6 million. The u. S. And u. K. Show signs of a slowdown. India and brazil are the new hotspots. Taylor lets get a quick check of those u. S. Markets and a reminder of how they ended. Erased all the losses that we have for 2020. The nasdaq 100 continues to post more record highs. You see futures taking that in stride, mostly unchanged after what has been an astounding past few days coming up the big fridays jobs report. The optimism continues here in the monday trading. I do want to see how things are shaping up for some of the asian markets. For that, we have Sophie Kamaruddin here. Are asian markets extending some of the optimism we got in the u. S. . So, even afterestly we got warnings from slowing growth from the world bank. Kiwi stocks adding about one third of 1 at the start. Clawing back year losses as the country with social distancing rules. Austral
Dow jones up better than 600 points. S p 500 racing ahead. Over 200 day moving average. A lot of technicians Pay Attention to that. Chicken entrails and tea leaves to moi. A lot of people Pay Attention. Nasdaq three or 4 from alltime highs. Already in positive territory but from all time highs. Greasing the skids, hope for a vaccine sooner than later and Nine Companies are into that, thats right, Nine Companies. Well get into that in a second. Optimistic comments from companies as we speak from andrew cuomo. Hospitalizations also sliding. Number of deaths also sliding that could be a Promising Development when we open up entirely the empire state. The whole drill there is up state, down state, new york city region, everything north. Right now there seems to be growing talk eventually getting new york city addressed. Were on top of that as well. Jackie deangelis following all the fast moving crosscurrents. Jackie, what have you got . Reporter good afternoon to you, neil, after a Holiday
Need to continue medication efforts as the state gradually reopens. Gov. Hutchinson katie, are you ready . Ok. Thanks for coming in on short notice. You found your tie ok. Good afternoon, everyone. Thanks for joining us. As everyone is aware, i didnt intend to have a covid19 update today. But a couple things popped up that i thought it would be good to have the information out to the public in a transparent way. First, let me put on the screen city. Ure of the we have signed some extra testing resources. You have a drivein facility there. This was taken this morning. It is going on. Great response by the community that comes in. We expect a good number to have been tested there. So, thank you for your cooperation, your leadership, and for taking advantage of this enhanced testing opportunity in your community. Im joined today by dr. Nate smith, secretary of the department of health. Mike preston is here, secretary of commerce. Then, director dexter payne from the department of correcti