To november. U. S. Jobless claims. Below a million First Time Since the lockdown started. Blowing away optimistic expectations from housing, manufacturing, employment. The s p with alltime high. It would be monumental. I have two of the best Money Managers who will share your thoughts as well. Why are cities deliberately regressing into more dangerous havens of fear and hopelessness . The Economic Impact on people will last for a generation. Well have the latest. I will talk about this with gianno caldwell. I have my take. Well get his as well. All that and more on making money. Charles all right the economy continues to show strong signs of coming back with more evidence coming today. A huge drop in jobless names. Rise in Home Mortgage applications. Here is the breaking news for you, folks. Initial jobless claims are down 228,000. Continuing claims down 604,000. Pandemic assistance down 167,000. This is delayed. As of two weeks ago we had three million fewer people on total unemployme
Back to about roughly a year ago. Just looking at that, from that point on, we have had 1000 point climbs seems every few months. Would be in this case a little more than a month since crossing 23,000. If we cross 24,000, it would be the fifth 1000 point climb in the dow, since this year. Since the president was elected a little over year ago, sixth time weve seen that happen. Appreciable advance, that at this point has a lot to do with tax cuts and optimism they are going to happen. But there is aggressive timeline here that is, has to follow exactly. Chad pergram following that very, very closely. Chad, what can you tell us . Sometime 2 00 this afternoon is when the United States senate will have a vote to proceed to the tax cut bill. They have to vote to get on to the bill. At that point as you said it triggers a 20hour clock of debate. This is under the special process of budget reconciliation. Why is that important . Well, budget reconciliation turns off filibusters. In other word
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