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Edward . Reporter connell at no time in American History has the economy created 4. 8 million jobs in one month until now. When you look under the numbers, the gains get even more impressive. You have 40 of those gains in the leisure and hospitality sector as hotels started to reopen, states started to reopen, bars restaurants, early part of june there. 2. 1 million jobs created in that sector. Leisure and hospitality in june alone. The largest increase in history. Now some forwardlooking indicators are in the report. Construction workers are coming back. Another 158,000 hired in june, making a two month total of 622,000 when you have them building houses and building buildings. People then feel that. Its a Ripple Effect in the economy down the road. Right now half of the people who lost their jobs in the coronavirus shut down have been rehired. He will not be happy in the a ....
S p 500 and nasdaq also ending in positive territory both up 1 and foxbusiness team covered this hour, Edward Lawrence on the ground it easy, jackie on the floor of the new york stock exchange. Blake burman lighted lighthouse and edward, first do you. Reporter you saw the reaction to the job support. When i got the hands of my jaw dropped. This is less time the economy crated more than 266,000 jobs in a month with last january but white house says the strong job support with the claimant rate to be back to a 50 year low proves the regulation and tax cuts work. President donald trump not shy about taking credit. President trump the numbers have been phenomenal and some people say im so spot on and so good that they have never seen anything like it. Its a long way from when people were rooting for a recession because they thought they could maybe win an election. Reporter if you look deeper into the numbers the trends are moving in ....
Well take the gains across the board. Were awaiting a opioid trial that is taking place in oklahoma t could be the biggest ruling in history. That is why were watching it closely. A judge is expected to rule any second whether Johnson Johnson is responsible for the states Opioid Crisis. That could have major repercussions for the Opioid Crisis pgh kristina we have fox team coverage. What is going down . The president shifted his tone from friday where he announced he would raise tariffs from 550 billion in chinese goods on friday to today where he says he wants to calm reachly a deal with china after their vice premier signaled they would be ready to get back to the negotiating table. Trump said it is possible extra tariffs before the weekend could be delayed if these talks make progress. Were down on the floor, lower tha ....
Negative territory for the day. This is the last trading day for the month. All three major averages end in the green for the second month in a row. Fox Team Coverage with Edward Lawrence at the Federal Reserve. Jackie deangelis on the floor of the New York Stock Exchange and blake burman of course at the white house but edward we start with you. Reporter a quarter point percentage what they cut off the federal funds rate. Not everyone in the room believed that should happen. There were two dissenters, boston Federal Reserve president and kansas city Federal Reserve president said they would like to see the fund where they were. Jerome powell s ....
Massachusetts and orrin hatch from utah. A lot of folks like to joke about the odd couple, but i think Mitch Mcconnell and barack obama may have them outdone. Senator mcconnell was one of 10 republican senators to vote for Loretta Lynch for attorney general. It will have majority leaders mcconnells remarks next. Followed by a discussion on the future of congress and later a look at the u. S. And for structure needs. Infrastructure needs. Good afternoon everyone. [applause] welcome. I have the great privilege of being the president of the Edward M Kennedy institute for the United States senate. This wonderful new building and this wonderful Innovative Technology exhibit outside leads to this wonderful re ....