Labor department reported on thursday now this came in below economist estimates of nearly 1500000 jobs lost and fell 249000 from the previous week marking the lowest level since the start of the pandemic now while this all sounds very positive keep in mind the continuing claims are still at what 16100000 despite dropping 5844008 couple this with that massive contraction in us g. D. P. By 33 percent for the 2nd quarter of this year and you would think markets should be in shambles but thats not the case since testing lows in march at the onset of the pandemic here in the u. S. The 3 major indices are thriving the nasdaq is continually pushed a new record high and now the s. And p. 500. 00 well its just a few percent away from setting new records which were established previously in february of this year while the dow hasnt been able to quite get to precocious teen levels the index has made substantial gains over the last. What so why is that well to break it all down this disconnect th
Very positive keep in mind the continuing claims are still at what 16100000 despite dropping 5844000 couple this with that massive contraction in us g. D. P. By 33 percent for the 2nd quarter of this year and you would think markets should be in shambles but thats not the case since testing lows in march at the onset of the pandemic here in the u. S. The 3 major indices are thriving the nasdaq has continually pushed a new record high and now the s. And p. 500. 00 well its just a few percent away from setting new records which were established previously in february of this year while the dow hasnt been able to quite get to precocious teen levels the index has made substantial gains over the last 4 month so why is that well to break it all down this disconnect that were seeing lets bring in some expert analysis from cohost christiane a moslem chief market analyst at the trade thank you both for being here its great to. Have you back so lets start off with you whats propping up this mark
Cruel puppy mills are supported by dog shows and pet stores most of the puppies are coming from this large Scale Factory farming kind of operations are being sought and at stores even joined a good businesses are involved like agoa mom sent to theres been a shocking amount of organized opposition to adverts to increase the standards of care for dogs bred in commercial rating for so many most of that opposition is coming from huge agricultural groups and industries that have nothing to do with jobs dont buy dog. Ah no team no crow. No shots no. Action the belt. Well. No 1st 12. Points your thirst for action. This. Boom bust the one business show you cant afford to miss and washington coming up markets continue to surge but those numbers dont seem to fall in line with the real economy is us weekly jobless claims continue to mount and as the fog of uncertainty is clouded the Global Economic outlook investors are rushing to safe haven assets like big coin and gold straight ahead we take a
A reward of up to 10000000. 00 for information leading to the identification or location of any person who acting at the direction for under the control of a Foreign Government interferes with us elections so mike tell me whats a gal go to do to get their hands on the 10000000. Or with the report now theres being big recent gains for gold bitcoin on Global Markets what is driving the surge and will it last. And plenty more besides in a moment. The m. C. Maxwell saga is one of the most sensational stories of our time however the Media Coverage appears to be limited to learning details and political overtones to the single biggest question that needs to be answered is how all of this could have happened where was Law Enforcement and will justice be finally sir. Thanks guys its financial survival guide. When customers go by you or do sometimes. Well reduce allow or. Thats undercutting but whats good for the market is not good for the Global Economy. And illegal takeover of the government
Concord, 61, same with san jose. Frement 58. Well warm up just a bit. It will be a little bit below average. San jose 80 degrees. A little bit warmer. San francisco about 65 degrees. Oakland pretty normal for this time of the year, 72. Livermore eight degrees below normal. San jose, a High Temperature of 77 degrees today. 7 01. Overall, traffic is looking good. Theres one issue. If youre in the north bay and taking the smart bay, trains are delayed. Were working to get more next on that. Be aware if you usually take the smart train. A lovely picture of the golden gate bridge. Lets switch over to the east shore freeway, the mcarthur mace. Time now is 7 02. Lets go back to the desk. Tens of thousands converging in for the pride event. We have more on the event and also the major event, two of them that led us to where we are now. Today marks 50 years since the civil rights. They will recognize the the achievements. Pride celebrations kick off tonight with a transmarch starting at 6 00. T