There are more than 3900000 global cases of coronavirus more than 272000 deaths newly released numbers show the damage that coronavirus related shutdowns are creating for global economies the u. S. Labor market reported historic lows slashing 20500000. 00 workers from nonfarm payrolls the Labor Department reported the Unemployment Rate surge of 14. 7 percent last month thats topping the post world war 2 record of 10. 8 percent but its still short of the Great Depression high which was at 24. 9 percent yet stocks are surging and seem to be ignoring those numbers well canada also lost a record breaking number of 2000000 jobs last month unemployment numbers surging to a near high of 13 percent while the worst of the pandemic seems to have passed in europe more countries continue to reopen. Their economies still the European Union is facing its worst recession ever and france adjusted the e. U. Issue bonds of at least one to 2 percent of the e. U. s g. D. P. For the next 3 years so essenti
Currently there are more than 3900000 global cases of coronavirus more than 272000 deaths newly released numbers show the damage that coronavirus related shutdowns are creating for global economies the u. S. Labor market reported historic lows slashing 20500000. 00 workers from nonfarm payrolls the Labor Department reported the Unemployment Rate surge of 14. 7 percent last month thats topping the post world war 2 record of 10. 8 percent but its still short of the Great Depression high which was at 24. 9 percent yet stocks are surging and seem to be ignoring those numbers well canada also lost a record breaking number of 2000000 jobs last month unemployment numbers surging to a near high of 13 percent while the worst of the pandemic seems to have passed in europe more countries continue to reopen their case. Animes still the European Union is facing its worst recession ever and france adjusted the e. U. Issue bonds of at least one to 2 percent of the e. U. s g. D. P. For the next 3 year
Hand to break it all down with a packed show today so lets dive right in. And u. S. Equities rebounded thursday after big drops early in the day at open the 3 major indices in the dow the s. And p. 500 and tech heavy nasdaq all fell by at least 1. 5 percent but turn positive hitting session highs in the final hour of trading markets were initially pushed down by more bad news in the u. S. Job market as the Labor Department reported nearly 3000000 new jobless claims for the week ending the 8th of march now this brings the total number of unemployment claims in the u. S. To more than 36. 00 a 1000000 over the last 2 months due to the coronavirus pandemic now the Unemployment Rate in the country is now over 14 percent now it has been a rough week for u. S. Markets on wednesday alone the dow dropped 2. 2 percent the s. And p. Lost 1. 8 percent and the nasdaq which had been having a really nice run fell by 1. 6 percent of the. Market turmoil is also comes as the u. S. Federal reserve ward o
We take a walk around the globe plus as the Companies Remain under lockdown around the world what constitutes an essential business and where does crypto currency fall in that designation we bring in a boom bust handle for insight into the packed show today so lets dive right in. And u. S. President donald trump on thursday escalated tensions with china over the handling of the coronavirus pandemic saying the trade war between the worlds 2 largest economy is now of secondary importance. We signed a trade deal with is supposed to buy and theyve been buying a lot actually but that now becomes secondary to what took place with the virus the virus situation is just not acceptable you know the situation stems from the u. S. President s assertion that china could have done more at the onset of the pandemic. This is something could have been contained at the original location and i think it could have been contained relatively. Easily this china is a very sophisticated country and they could
World what constitutes. Business and where does crypto currency fall in that designation we bring in a boom bust handle for insight into the packed show today so lets dive right in. And u. S. President donald trump on thursday escalated tensions with china over the handling of the coronavirus pandemic saying the trade war between the worlds 2 largest economy is now of secondary importance. We signed a trade deal with is supposed to buy and theyve been buying a lot actually but that now becomes secondary to what took place with the virus the virus situation is just not acceptable. From the u. S. President s assertion that china could have done more at the onset of the pandemic. This is something could have been contained at the original location and i think it could have been contained relatively easily china is a very sophisticated. Country and they could have contained it they were either unable to or they chose not to. Trump was asked whether the u. S. May retaliate by not paying its