In washington coming up the rate in new unemployment claims may be leveling off but congress and the white house look to be stocked yet again on a stimulus plan and the pressures continue to rise across the globe due to the pandemic swine flu and unpredictable weather well tell you what this could mean for those who are already struggling to get enough to we have a lot to get through to a lot of markets. We begin today with jobless claims as u. S. Unemployment fell just slightly for the week ending on october 3rd to a fresh pandemic low the u. S. Labor department reported initial jobless claims at 840000 worse than expected showing the labor market is still experiencing a slow recovery while the economy is still growing its been a gradual comeback as concerns rise over another wave of layoffs without another federal relief package still some 25500000 americans are collecting some sort of benefits so for more on this and the overall state of the economy and markets we bring in boom bust
Your record deal is 800000 businesses that have permanently closed their doors so unfortunately its going to be at least 2 years were getting back to we were and by the way thats if you believe the Prescription Drug hell. And a viable economy comes from or rolling trillions upon trillions of dollars and drinking it all right the number were looking at still its lower than a 1000000 that we were saying at the beginning of the pandemic but its still pretty high its just over 800000 still closer to a 1000000. Why are we still losing 840000 people i mean were supposed to be underwhelming route to recovery by the way if you look at continuing claims including pandemic unemployment assistance were at 20000000 people there are still seeking dont really need and this should not be the case for an economy that is supposedly in a violent the shape recovery just not james well its definitely not. The case christine meanwhile after pulling the plug on stimulus negotiations the Airline Industry is
This is boom bust the one business show you cant afford to miss unfair montecito in washington coming up the rate in new unemployment claims may be leveling off but congress and the white house look to be stocked yet again on a stimulus plan to continue to rise across the globe due to the pandemic swine flu and unpredictable weather will tell you what this could mean for those who are already struggling to get enough to eat we have a lot to get to the law that starts. We begin today with jobless claims as u. S. Unemployment fell just slightly for the week ending on october 3rd to a fresh pandemic low the u. S. Labor department reported initial jobless. 840000 worse than expected showing the labor market is still experiencing a slow recovery while the economy is still growing its been a gradual comeback as concerns rise over another wave of layoffs without another federal relief package still some 25500000 americans are collecting some sort of benefits so for more on this and the overal
Watching kron 4 news at 9. Now at 9 a trip to a local salon chair now has House Speaker nancy pelosi on the hot seat the california congresswoman on the defense tonight after cameras caught her in a local salon for a hair appointment good evening im pam moore and im ken wayne. The salon was supposed to be closed due to covid19 restrictions the speakers actions now has a lot of people upset. Specially some San Francisco hairstylists kron fours Jonathan Mccall has the story from the city. House Speaker Nancy Pelosi now finds herself in the middle of the hot seat involving a covid controversy. The owner of the San Francisco salon says that the longtime california congresswoman visited the salon for an appointment monday afternoon. Video released by the owner to another media outlet appears to show pelosi with a wet here inside of the east salon on union street, not wearing a mask. The image is now raising eyebrows. Thats because San Francisco salons have been closed since march because of
Of the year and it appears to be playing out minute by minute microsoft confirmed monday that it is in talks to buy tick tock from Chinese Parent Company bite day its now this of course after u. S. President donald trump announced a plan to ban the app in the United States President Trump spoke about the controversial situation monday afternoon. And. He cant be controlled for security reasons but in china too big too. Invasive and it can be and heres the deal i dont mind if theres microsoft or somebody else a big company the Security Company very very American Company by i set a date of around september 15th at which point its going to be out of business in the United States but of somebody whether its microsoft or somebody else is it going to be interesting i did say that if you buy it. Whatever the price is that goes to whoever owns it because i guess its china essentially but more than anything else i said a very substantial portion of the price is going to have to come into the tre