A lot of the jobs that have been lost since the pandemic are being recovered. No question it was a much better number than was expected with the headline being 1. 4 million jobs added and the Unemployment Rate going below double digits for the First Time Since the pandemic adding it all up we now have recovered since april a total of about 10. 6 million jobs, which is huge progress, but it also leaves a huge hole we still have 11. 5 million fewer jobs than we had in february which was the month before the pandemic so weve still got to dig ourselves out of the hole and weve still got to look at the permanent impact of all of this. One in the numbers i went to first in this report is the number of people seeing permanent job losses it did rise by about half a million. Its 3. 4 million so that is the highest level since 2013 and does point to the fact that there is going to be some permanent scarring despite the fact, carl, that we are seeing progress, its moving in the right direction. T
Be wearing a mask. The race for the white house heating up as the candidates battle over covid. Joe biden calling on every governor to impose a mask mandate immediately. President trump firing back, calling it an overreach. This as he admits to want to block funding for the post office to prevent expanded mailin voting during the pandemic. And the president also advancing a birther lie about senator Kamala Harris. The latest on the war of words in the race for 2020. Wildfires raging in the west. Three new infernos scorching more than 14,000 acres. Hundreds of families forced from their homes. Bison attack. A motorcycle passenger charged by a giant animal at a state park. What ultimately saved her . Epic fight over fortnite. The billion dollar battle over one of the most popular games in the world. Now removed from apple and googles app stores. Shark tale. The surfer who fought a 16foot great white telling his remarkable story this morning. How he used his bare hands and surfboard to sa
Despithuge flames smoke now seems to be the Biggest Issue because breathing is hard you might have noticed when you came out to me and i had my mask on because the Fire Department when around passing these masks to anybody near this area, particularly the media because the wind sometimes carries the smoke in our particular direction. But it looks like most of the smoke for now blowing away from us, but every now and then a gust picks up and sends it our way it does not appear anybody was injured are killed. Fire exploded really quickly because he was called in at 6. 20 and the morning and according to the Fire Department within 15 minutes. They knew they had their hands full they call back up and it was declared a 3 alarm i are just 10 or 15 minutes into the battle thats how much they knew particularly because they know this location is used by artists and that is important because of the chemicals that they use to weld to do paintings to stained glass and thats why it seems to be more
Here in hong kong, we are close to 300 points up at the getgo. Dollar on the back foot. We saw one of the biggest drops for the dollar after those comments from Steve Mnuchin when it came to the fact the u. S. May be keeping its fx policy as for now. Those three words dropped the dollar, although we are paring back a little in the asian session. The japanese yen, still seeing weakness. Lows approaching the 2019 when it comes to the yen. Commodities, copper in focus. Up 2 on fed comments. When it comes to the bond market, we are watching yields tumble lower. South korea, 30 year down close to 10 basis points. A surprise cut from the be ok yesterday. Inflationown on their forecasts and we saw a moving treasuries overnight. In the u. S. 10 year after the comments from clarida and john u. S. Futures, continued gains after the turnaround on some fed comments. The euro, we are paring off a little. Mnuchin. Spike from 1. 12 and gold rising on the fed comments. David what else are we tracking
Tensions rise even further in the gulf. Iranian forces seize an oil tanker. Shery lets get you started with a quick check on how markets closed on thursdays session in the u. S. Equity indices mostly lower for most of the session before they saw a rebound after the dovish comments coming out of fed officials. , being led up. 4 higher by financials and consumer stocks, not to mention the fact that chipmakers gained ground. We had a positive outlook from an apple supplier. We had some geopolitical news being felt across the market. We had u. S. Equities gain a little bit of ground after we heard the report that iran offered is attentive deal a so antative deal to the u. S. Substantive deal to the u. S. Are paring back earlier gains at the moment unchanged. Lets see how we are setting up for the asian market. With that being said, is just off look set to track the event we saw on wall street. Kospi may find support after a twoday drop. Calls for fiscal stimulus from the government after t