After the adp report, employment is still a bad number. From 43. 1, so42. 1 that feeds into the narrative that even if the economy opened up a little bit in july, we are going to see fewer people working, and we will probably see adjustments to peoples payroll forecasts for friday. Alix is that the one take away from today, the slower rate of job hiring . Michael that is the important thing. You can open up the economy and get a yield sitting in the middle of the street or a restaurant, but the people who serve you are not coming back as quickly as they would hope. That will slow the economy overall. Alix you mean in new york you literally have tables in the street. I appreciate that take them. One other sign of hope in the race for a vaccine you have shares surging to their highest in five years. I two shot experimental covid19 vaccine generated antibody responses in healthy adults that were four times higher than in people who have already recovered from the virus. I am joined by the
Washington. What all the backandforth means. And President Trump once federal federal to wants agencies to work with social Media Companies to stamp out hate. But first, uber shares continue a fall after sales miss and 5. 2 billion dollar loss in the second quarter. Much is due to the ipo in may. Cooper is trying to reassure investors, saying losses will uber is trying to reassure investors, saying losses will come down over the next few years. Why such a dramatic reaction . Eric i think the stock reaction had to do with the revenue mix. If you are going to lose that much money, you have to keep growing. A 5 billion plus net loss is huge. That has to do with the stock uber loses ipo, but money regularly, although it did beat expectations. Emily are investors generally buying that this is a once in a lifetime of a company fix . Eric that narrative is challenged. I think if they were holy buying uber aboveuld see its ipo price. Analyst remain optimistic about uber. Many have buy ratings
Senator stevens, and senator stevens told the president , he said, this lady makes some of the best Fried Chicken in the country. You wouldnt think that coming from alaska but i can testify from personal knowledge that that was a fact. The lucky wish bone, i expect, will continue on. It is a successful business with a large, large following. But with the passing of peggy and now george marks the end of an era for us back in alaska. We have lost two beloved pioneers who were dear friends to so many of us, and i am proud to count myself among that group. Its important that we acknowledge their place in alaskas history, and thats what i intend to do briefly today. George was a native of wisconsin. He attended high school in red wing, minnesota. He joined the Minnesota National guard. He was selected for officer candidate school. In 1943, george and peggy met, and they married the next year in 1944. It is said that they met over formica. George was training to be a pilot and peggy was a wa
Bowlessimpson proposal. Erskine bowles saying the gop offer does not represent the plan, he says both sides are kind of far away from it at this point and that its now up to negotiators to figure out where the middle ground is today. Bowles said that the mid point that i used back in this is where we were last year. So used the mid point of the negotiations, but its in longer the mid point i guess. He also said he is a testimony, but he has separated himself from the administration by saying that they thoo should have taken more of their proposals more seriously. He also said last night that you will see higher marginal tax rates. Higher marginal or effective . Higher mar begin ginal rates talking about last night. Thats part of the 500. He thinks as part of the compromise to get there, youll have to see the democrats get their way in terms of higher marginal tax rates. He also said that the republicans should be able to see higher entitlement cuts, that that should be part of this con
As the Russian economy remains affected by Western sanctions, with no lifting of them in sight, the local IT venture segment took a major hit in 2023, almost halving in comparison to the previous.