Boris johnson sparked outrage. News out ofing south korea. We are getting the jobless rate falling to 3. 2 percent. The expectation was that the jobless rate would come in at 4. 2 percent so this is much better than expected. We are also talking about the sixth straight month of decline in jobless rates. That 270 4000ring jobs were removed in august from a year earlier. We know that south korea has seen its government really boost those job creation efforts not to mention we could have seen domestic demand being held by the Summer Holiday season and more jobs being available. The government pushing for a fourth extra budget. This is of course helping workers and businesses who lost income due to the latest restrictions and jobless rates. 3. 2 . In for august at watch out for what happens later in the following months given we have seen this flare up in virus cases towards the end of august, haiti. Haidi. Haidi pretty dire numbers coming out and we continue to watch what happens when it
Straight weekly gains of more than 3 . The stocks index heading lower given their exposure to china and some of the heightened tensions you have between the u. S. And china. The only one of the major averages in the red. The risk off tone means you are getting a lift up on the long end of the curve, up five basis points. To give us a risk off tone. I want to talk about some of the Economic Data that we saw. To. Manufacturing pmi rose aprilsmay from alltime low. Manufacturing picked up a bit but stayed below 50. For more, i want to bring in our International Correspondent michael mckee. What is some of the manufacturing data this morning telling us about where we are . The basic message is me will not see a recovery. Shaped recovery. The chinese numbers, which came out over the weekend were down a touch. They reopened earlier, so their numbers are higher. Europe is next. Germany is up, italy is down. Here in the united states, some improvement but still below 50. These are basically psy
Down 5 on the day. It could have been worse. Volatility was all over the map. There was passage of the first firstrs bill, stimulus bill. The bill has passed of the house and it will make its way to president trumps desk. This is a . 5 billion that is a spending measure 8. 5 billion but is a spending measure for the response. The big bazooka everyone is looking for is what the treasury secretary Steve Mnuchin has been talking about, a multihundred billion dollar if not trillion dollar stimulus package that could include everything from loans to loan forgiveness and not just cutting checks to Everyday Americans as well as businesses. That is what the market is looking for, not just response out of the white house but some sense the measures that are being taken are going to be wide enough in scope and scale to try to address this crisis. Emily thank you. I want to dig deeper into what happened today because there was a pause in trading, seeing the New York Stock Exchange moving trading.
The peace summit. Plus irans Supreme Leader hits out at the United States leading friday prayers for the 1st time since 2012 Ayatollah Ali Khamenei just missed President Trump as a clown who wants to push the poison into your grounds back. And its a new kind of space race as space x. And boeing battle to become the 1st private company to take astronauts into orbit. Im jared raid welcome to the program tensions are simmering in libya where opponents to the countrys internationally recognized government have blockaded a number of Oil Production facilities in protest this is threatening the countrys main source of revenue friday so demonstrate. By supporters of the 2 rival administrations it comes ahead of a Major International summits g to be held here in germany and that stopping libyas fighting. Demonstrators in a divided libya in the east of the country and benghazi protesters loyal to general. Voiced their frustrations on friday. Chancing notice a rush and no to revolutionaries the p
Host this week on newsmakers, former republican congressman James Greenwood from pennsylvania, served from 1993 to and currently is president 2005 and ceo of the Biotechnology Innovation Organization. We also have Peter Sullivan, reporter with the hill. And sarah carlon smith. Welcome to you all. Congressman, what is your organization, the Biotechnology Innovation Organization . James we are the National Trade association for about 1000 biotechnology companies. Most of them in the Drug Discovery business. When you think of pharma, they have the Biggest Companies in the industry merck, pfizer, Johnson Johnson. We have most of them as well, but one of the things that this distinguishes us, we have literally hundreds and hundreds of small Startup Companies on the cutting edge of biotechnology innovation of new medicines. Peter drug pricing is the hot issue. I will start with a general question. We have seen polling data that about 3 in 10 americans are basically rationing medicine because