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FBC Maria Bartiromos Wall Street July 12, 2024

The. 5 million jobs to the economy in the month of may. The expectation was a loss of 8 million jobs. In fact, we had a growth in jobs, and the Unemployment Rate fell to 13. 3 . That is still in the double digits, but it is a lot better than an expectation of 20 unemployment by economists. So all in all, a much better than expected report. Joining me now so talk about this is the former jpmorgan chief economist, anthony chan. Great to have you this morning, your reaction to this jobs number. Its certainly encouraging. I think when we break it down, it really tells us that the brunt of the bad news on employment is probably behind us, but that doesnt mean that things are completely copesetic, because what you see in this employment report is virtually all the gains in jobs were due to those people that were laid off, on temporary layoff and now recalled back. When you look at the number of people that were not on temporary layof ....

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FBC Maria Bartiromos Wall Street July 12, 2024

The. 5 million jobs to the economy in the month of may. The expectation was a loss of 8 million jobs. In fact, we had a growth in jobs, and the Unemployment Rate fell to 13. 3 . That is still in the double digits, but it is a lot better than an expectation of 20 unemployment by economists. So all in all, a much better than expected report. Joining me now so talk about this is the former jpmorgan chief economist, anthony chan. Great to have you this morning, your reaction to this jobs number. Its certainly encouraging. I think when we break it down, it really tells us that the brunt of the bad news on employment is probably behind us, but that doesnt mean that things are completely copesetic, because what you see in this employment report is virtually all the gains in jobs were due to those people that were laid off, on temporary layoff and now recalled back. When you look at the number of people that were not on temporary layof ....

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FBC Maria Bartiromos Wall Street July 13, 2024

The white house. Whats happened to the world and to our country with all of the death. We are going to build our economy back bigger than ever, but with all of that death you could never replace whats taken. Its very sad for a lot of families, you know, so horribly hit and so unnecessary. They could have stopped it. They could have stopped anytime china where it came from. But didnt happen that way. Maria i want to ask you about china, ill get to that. But lets talk about the reopening of america right now. About half of the states have begun this process. Right. Maria is it too soon . There are some calls out there that theyre talking about a relapse in the fall. Is it too soon . So i want them to open when they can, when they want. The governors are opening them. Most of them are either opened or opening or considering it. I think that we have to get back to work. We have to get our country back. We have to take it back. It was artificially closed. I think were doing incredibly well ....

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FBC Maria Bartiromos Wall Street July 12, 2024

The. 5 million jobs to the economy in the month of may. The expectation was a loss of 8 million jobs. In fact, we had a growth in jobs, and the Unemployment Rate fell to 13. 3 . That is still in the double digits, but it is a lot better than an expectation of 20 unemployment by economists. So all in all, a much better than expected report. Joining me now so talk about this is the former jpmorgan chief economist, anthony chan. Great to have you this morning, your reaction to this jobs number. Its certainly encouraging. I think when we break it down, it really tells us that the brunt of the bad news on employment is probably behind us, but that doesnt mean that things are completely copesetic, because what you see in this employment report is virtually all the gains in jobs were due to those people that were laid off, on temporary layoff and now recalled back. When you look at the number of people that were not on temporary layof ....

New York , United States , Hong Kong , United Kingdom , South China Sea , Brunei General , San Francisco , Tim Scott , Fox Newschannel , Jon Jonathan , Trey Gowdy , George Floyd , Hong Kongers , Los Angeles , Peter Navarro , Don Peebles , Anthony Chan , Maria Bartiromo , Unemployment Rate , Much Better , Bad News , Leisure Hospitality , Means Service , Service Sector , Service Producing , Hospitality Leisure ,

FBC Varney Company July 13, 2024

Evidently investors like what they think they will see. 2. 1 million jobless claims reported about a half hour ago. That means 40,740,000 have been thrown out of work in the last ten weeks. Big number. Yet the economy is contracting at an annual rate now of 5 . Thats a big number. And orders for big ticket items absolutely plunged. Okay. Got all of that. But the dow jones average up nearly 1100 points in the last two days, going up again at the opening bell. Were looking at a gain of over 200 points right now for the dow, and the nasdaq is going to be down, down 80 points. That tells me big techs having another difficult day. Then we have the opening up movement. Its rolling on. Vegas and disney have dates for its partial reopening, but theyve got the dates for reopening soon. Boeing, theyre going to restart, wait for it, max jet production. Were not back to normal but we are clearly well into the reopening phase. Now this. Watch out, social media. The president s going to sign an exec ....

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