Points. The Snp 500 is down 4 and the nasdaq, where we have seen some of the biggest losses, that is down over 6 at the opening bell. And this is what happened injapan. And the picture across europe. And as i was saying a lot of this negative sentiment seems to be because only 11a,000 jobs were added to the us economy injuly, that was much lower than expected, raising fears the the worlds biggest economy is slowing. And on wednesday japans Central Bank increased the cost of borrowing, with its main Interest Rate going to around 0. 25 , which is the highest in 15 years. As a result September 18th is one day many people are looking to, thats when the us Federal Resere will makes its latest Interest Rate decision and investors are wondering if they will cut the cost of borrowing enough to stimulate the economy. Katie kaminski is Chief Strategist and joins us from boston. What is going on with the markets. Is it rational or irrational . It looks very much like the market is experiencing a
In the last hour, one of the biggest reports in wall Streets Month the Jobs Report was released and, its a weak one. Injuly, The American economy created 4,000 jobs fewer than expected. And the Unemployment Rate ticked up slightly to a5 percent, its highest since october 2021. While average hourly wages rose just 3. 6 percent. Here and in europe stocks fell on the news. Traders are betting that with americas strong Labor Market losing momentum, the Federal Reserve is behind the curve on lowering Interest Rates. It comes after what was already a wild 2a hours for global financial markets, as recession fears re emerged. Big techs troubles led the way after a string of disappointing earnings from the likes of amazon, intel and apple. For the latest reaction, im joined by bob doll. Hes Ceo And Cio at crossmark global investments. Thanks forjoining us. So what do you make of this latest twist . Well, it should not be a surprise, may be the month it happened has surprised us but there have b
President biden said there will be enough to vaccinate every american by the end of summer or early fall. Thats a remarkable thats good news. Its a remarkable goal. Lets hope we can get there. The president has a detailed plan, one based on science. The question is, what will it mean, especially for communities of color suffering from unequal Vaccination Rates so far. Urgency is clearly growing and january we now know is the deadliest month from covid yet in the United States. More than 79,000 lives lost to the pandemic so far this year. A stunning rise in deaths per month from november. The white house is holding its First Official covid briefing of the biden presidency. That will happen a little later today. And that is where we begin at the white house. Jeremy diamond joins us. Good morning. Transparency has been promised from this administration. What can we xhectexpect today . Youll remember last week when President Biden laid out his National Strategy for combatting the coronavir
Let us know on twitter using the hashtag bbcyourquestions. As the virus continues to spread, Business Groups ask for more Government Help as customers cancel bookings. Schools says they are prepared to switch to Online Learning if they have to next term as more pupils stay at home because of covid. Four children have died and five others are injured after falling from a Bouncy Castle that was blown into the air in australia. Pulled away and pulled away with disdain. And, in the ashes, england under pressure as australia start well in the second test. Think carefully before going to pubs and restaurants this christmas and dont mix with people you dont have to. That was the message from the Prime Minister and englands Chief Medical Officer, as covid cases soar. Borisjohnson and professor chris whitty made the warnings as the uk recorded more than 78,000 new infections yesterday the highest figure since the start of the pandemic. But the hospitality and Entertainment Industries are callin