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I think its going to be significant, 46,000 or 48,000 but you have the supply chain for gm, all of the construction around gm, so youve got a lot of ancillary folks that have been out of work and manufacturing isnt necessarily what drives the economy, its the consumer primarily and we are a service economy, and even though the numbers might be good, its the manufacturing thats really going tamp down here. Neil john, one one of the thins that im hearing to daniels point, not just 48 to 50,000gm striking workers impacting this but up to 200,000 more in ancillary business suppliers and the rest. What do you think of that . I think the estimate that roughly 75,000 to 80,000 jobs being temporarily lost because of gm strike. Neil okay, so if thats the case and they factored that in, is this just a oneoff, what do you think . A lot of reasons it can be a oneoff, results of slowdown at boeing, census workers who were temporarily hired and maybe are coming off the rolls, a lot of noise in the n ....
Ashley thank you, charles. Im ashley webster, stocks are slipping as we kick off the final hour of trade, where we finished the day, the doubt up to snack a 3 day winning streak, falling below 39,000 as you can see, 200 points, the s p, nasdaq on pace for a second day of declines in a row but keep in mind all three major averages remain within striking distance of records, less than one below alltime highs. It is all relative. Rising bond yields putting pressure on stocks, 2 year treasury yield is the highest level in three weeks, 6. 3 basis points, 10 year treasury yield rising for the fourth straight session, 4. 3 as the market digests a wholesale inflation report. Investors in spring their timeline for rate cuts and the potential for a higher scenario. We also have retail sales, the report came in later than expected but at least sales did rebound after a steep decline in january. One retailer thats firing on all cylinders, dicks sportinggoods, stand out retailer on this session, up ....
Francisco. If you want any sort of public assistance, the mayor now says you will need to get drug tested. Mayor breed making that announcement, she said the city needs to cut off support if there is no accountability. Workers offered services to 80 people last week and only one of them accepted help. No more anything goes without accountability, no more handouts without accountability. In order to get resources from our city, you will need to be in a Substance UseDisorder Program and consistently seeking treatment. Her proposal has to be voted on by the board of supervisors and Board Members are already giving mixed reactions. Supervisor peskin had harsh words saying if she cant find a way to prevent criminals from selling deadly drugs, how does she think she will find resources to drug test thousands of welfare recipi ....
And back in the present our analysts will catch you up on what you misunderstand week and look ahead to the end of the year sprinted in congress. All ahead on face the nation. Good morning welcome to face the nation im john dickerson. Most of our post thanksgiving broadcasts will dean voted to discussion on leadership in times of crisis. But we begin with the news. President trump system winding up a fiveday trip to his Palm Beach Club maralago where he played golf with tiger woods and Dustin Johnson and wished u. S. Troops overseas a happy thanksgiving. Before he left he spoke with reporters and said that he is supporting Alabama Republican Senate candidate roy moore. Can an accused child molester better an a democrat . He denies it. He says it didnt happen. And, you know, you have to listen to him also. You ....
Analysts will catch you up on what you misunderstand week and look ahead to the end of the year sprinted in congress. All ahead on face the nation. Good morning welcome to face the nation im john dickerson. Most of our post thanksgiving broadcasts will dean voted to discussion on leadership in times of crisis. But we begin with the news. President trump system winding up a fiveday trip to his Palm Beach Club maralago where he played golf with tiger woods and Dustin Johnson and wished u. S. Troops overseas a happy thanksgiving. Before he left he spoke with reporters and said that he is supporting Alabama Republican Senate candidate roy moore. Can an accused child molester better an a democrat . He denies it. He says it didnt happen. And, you know, you have to listen to him also. Youre talking about he said 40 ....