Though and that is the fact that for Unemployment Benefits a large expanded during this downturn during that for obvious reasons as well and its funny when that happens it makes it very difficult to compare the unemployment numbers. Because were doing very Different Things so that you have lost if you have the same as youve been as youve unemployment before and the same kind of benefits what kind of train starting point would we have seen over concourse odds that question but it is clear we are much much higher so it makes a comparison very very difficult but so as long as you have those use that image ability requirements and larger payouts and the covert partial shutdowns of this were going to carol see high unemployment has come through so that is not going to change anytime soon i think as long as this situation goes on will concurrency well especially of these sectors are already struggling and looks like a lot of these employees arent coming back and theyre having more and more l
Years. On people still die i dont know which question are still alive arent being allowed to live where so many have. This is boom bust the one business so you cant afford to miss im sorry monteith aopa in washington coming up the Labor Department reported a steady fall from the week before on jobless claims but still higher than expected well thats because what this means for the overall economy and market. To u. S. Companies may be closer to finishing the deal for tech top but out trump and ministration may just have to wait for china to give the ok well get the latest from the dean of the Miami Harvard Business School and we have a lot to get here so lets get started. We begin with the unemployment numbers as weekly jobless claims took an unexpected turn for the worse for the week ending on september 19th Labor Department reported 870000 americans filed for unemployment thats up from the week prior with 866000 the Labor Department remains stuck at a pretty high level here still abov
From the dean of the Miami Harvard Business School and we have a lot to get cute but. We begin with the unemployment numbers as weekly jobless claims took an unexpected turn for the worse now for the week ending september 19th Labor Department reported 870000 americans filed for unemployment thats up from the week prior with 166000 the Labor Department remains stuck at a pretty high level here still above their peak 65065000 during the Great Recession that was between 20072009 the data comes as u. S. Lawmakers still havent come to an agreement on a new round of stimulus something the Federal Reserve argues is needed for economic recovery earlier this week Federal Reserve chairman Jerome Powell and u. S. Treasury secretary Stephen Newton well they expressed concerns over more need for aid. Password will depend on keeping the virus under control and on policy all see actions taken at all levels of government we continue to work with congress on a bipartisan basis to pass a face for Relie
We welcome all of you today. A most interesting day. Chairman powell to speak later on. He managed the message yesterday to say the least. I am thrilled to tell you, particularly those hammered by whiplash, a quiet data check this morning. , nottle lift in the market question. The vix with a 33 level, much better than the agony of thursday and friday out at a 44 level. Coming in sprightly and maybe take a pause. Lets view the Economic Data within the data check, which was a shock of the unemployment report, and then the huge shock yesterday of the nice rebound in retail sales. We had good conversations on that as well. Within that is what yield does. All in all i would say yesterday was remarkably quiet versus the gyration of the equity market. There is substantial news this morning. Lets go to our first word news. Here is ritika gupta. Jerome powell is sticking to his message that there will be an uncertain path to u. S. Recovery. He has the second day of Video Conference testimony be
Francine lacqua. Resurgence for the far right. Belowdex is a little bit estimate for the month of september, 115. 2. Lets check on your data to see whether it has any impact on euro or not. You can see eurodollar, 119. Politics are dominating trading. The sliding a touch euro sliding a touch. Gold falling, crude edging low as well. That is your data check. Lets get to the bloomberg first word news. Nejra donald trump has stepped up his criticism of the nfl sing fans should not go to the games by saying that layers who protest Police Brutality during the National Anthem should be fired. Said heand patriots ceo was deeply disappointed by the president s comments. Meanwhile a trump has ordered you travel restrictions on a countries replacing the current ban on six majority muslim nations. It targets travelers from iran, libya, yemen and somalia. The move opens the president to what could be a new wave of legal challenges. Iran has testfired a new Ballistic Missile in defiance of citingted