it is finally warming up in texas. but the devastating remains. millions are still without clean water or enough food to eat. as we are now learning the stories of people who froze to death in their sleep during this crisis. we ll get the latest from there and also this national catastrophe. half a million people have now died from covid in the united states of america. that is more than the number of americans who died on the battlefields of world war i, world war ii and the vietnam war combined. it s also more than double the next highest global death toll in brazil. this evening, president biden and vice president kamala harris will hold a moment of silence and candle-lighting seiche money to commemorate all those who have lost their lives to covid. and that comes in stark contrast to the words and actions of the previous president who consistently downplayed the coronavirus pandemic throughout his entire time in the oval office. here are just a few of the countless exampl
created 4.8 million jobs, and that is much stronger than expected almost every single sector improved, bringing the unemployment rate down to 11.1%. isn t that the kind of news that makes people want to buy pretty much anything? then the rally did taper off near the end of the day. the dow only dwayne e gained 92. those are big numbers, but we got spoiled, didn t we what do these numbers mean what reflects the state of the labor market in the middle of june how does it impact your money? first, you need to understand that we re still nowhere near where we are before the pandemic struck we still have a lot of ground to make up. the economy was smoking hot. i, however, think it s a legitimate comeback. it s a legitimate comeback and a comeback gives you more latitude to buy stocks that depend on a healthy economy, not just an unhealthy one. but these are before the latest outbreak that s forcing many stocks to go back into lockdown mode, so it s a glimpse into a post covid futu
20 at 35 it s the highest in the industrialized world at 20 we re on the very low side, so we ll be very competitive. you look at china. that s 15% other countries are 18% and some are 23%, 24% the average is actually of the primary competitor is actually 23%. so we ll be pretty much below the average, and we ll be able to compete, and despite all of that and despite before we even get this massive injection, we have a stock market that has hit record highs, 81 times since our election victory 81 times it s at a new high right now unemployment is at a 17-year low. very shortly it s going to be at a 19-year low. we think the numbers are going to continue to go downing and we are also getting into the pool of the 100 million people that are not working. that pool is now coming back as you know, that s not considered in the low employment numbers which means we have a lot of people that want to get to work and that will be working. consumer confidence is at a 17-year high
fed s final meeting of 2017. jim lebenthal, the question is this will we look back and say this marked the beginning of the end? i don t think so. first off, this particular move is well telegraphed so the market expects it and the question of what will upend this market is any time you see profit growth in any way interrupted, and on that front it s hard to see anything coming up look, you won t have any news until the middle of january or early january when companies start to report and they are more likely to be positive, particularly if a tax bill does get inacted even if there s negative news. they will be looking forward and feeling good about the tax bill. i don t see the fed on this rate hike or anything they are doing in 2018 overcoming the profit growth they are looking for in 2018. joe, a consistent path of tightening does that mark in any way the beginning of the end of the bull market, one of the greatest that we ve seen, that has raged since the depths of th
fast enough. why is there a lack of trust? i think every day, there s negative headlines. you talk about the middle east. north korea. what s going on in washington. the trump fade. there s so much negativity in this market, but yet, we saw strong earnings, housing is strong. you ve seen employment strong and then if you add to that, this rush of indexing with all the money coming up to push up and propel the stocks, if you are taking the behavior rall view we do, don t p pull out yet. it s a slow creep higher. is it? is is the premise correct? i feel like we ve been stuck here for many months now. you know, we did have that sell off wednesday, but it was over the next day, we were back on the rally. if you were going to have fear, i think you d have follow through. look, love and emotions and their opinion, it s going to vary one from one to the next. i don t particularly trust this market, but that s been opinion. why? because the earnings was priced in nine months ag