Net 245 thousand people went back to work in november. That is significantly slower than we have seen every month since we started gaining again. Private payrolls, only 344,000. Last month in october, that was 877,000. The unlimit rate does fall to 6. 7 , but that is in large part because fewer people were in the labor force looking for jobs. Heres the thing that i think is really going to be important as we look at how the pandemic reshaped the economy. You look at what happened with retail hiring. 35,000 jobs lost in retail in a month when they are usually hiring for holiday sales. Createdad 118,000 jobs in the warehousing and courier sectors, which are the people who work for the online sales departments. It is a real change. Finally, the total labor force is still 9. 8 million below where it was in february. So no matter how well we have come back, no matter what that initial v looks like, it is starting to flatten out now, and you still have almost 10 Million People who had jobs i
President trump saying youre welcome for the market milestone, this as joe biden lays out his cabinet picks and the plan for his first 100 days. We have insight all morning long. We hear from Chris Bedford from the federalist, tennessee senator Marsha Blackburn, michigan congresswoman, Debbie Dingell and laura trump. Stimulus showdown, millions of americans are waiting for another plan the to finally get pushed through congress, treasury secretary Steven Mnuchin meantime will move unspent stimulus money out of the Federal Reserve, if you will. This is rescue money. And it needs to be reallocated by congress. So thats on nancy pelosi. Tax threats, new York Governor Andrew Cuomo promising a new income tax for the state if the government does not give out more coronavirus related aid. Okay. Keeping an eye on the Holiday Shopping season, weve got the best deals you can expect ahead of black friday and cyber monday. And mystery in the desert, an other worldly discovery in utah have people a
From the stronger gusts. Mount st. Helena, a wind win was out in the north bay hills. Mount diablo 57, and 53, and healdsburg hills 52. Even a wind of 20 Miles Per Hour could cause problems. That was the case in terms of the wind speeds. Oakland hills 38 high fire dang continues, that northerly flow ramping up. This continues, all of the areas in red, north bay towards the delta and east bay valleys and hills. This in plays until 11 00 tomorrow morning. 23 more hours, gusts could be approaching 30 Miles Per Hour and across the higher peaks, maybe approaching 45 Miles Per Hour, once again, the strongest wind event was last night, early this morning. Its incredibly dry out there. Take a look at the sampled sites. Temperatures are in the 70s and 80s. Relative humidity. We look at that to guffaws idea how much moisture is in the air. Look at atlas peak, down from 12 tomount st. Helena, and mount st. The winds have backed up and theyre completely calm especially in the higher terrain. Heres
Debate in cleveland on wednesday, there is no word yet on how this could impact the next president ial debate, that is set to happen in a week and a half on october 15. Here is alex presha. Reporter and hicks travels with him often including multiple times this week. This morning the coronavirus pandemic reaching the oval office, President Trump tweeting overnight the first lady and i tested positive for covid19. We will begin our quarantine and Recovery Process immediately. We will get through this together. The first lady adding, as too Many Americans have done this year, the president and i are quarantining at home. Please be sure that you are staying safe and well get through this together. The White House Position saying that both are well and they plan to remain at home within the white house. Late thursday, President Trump announced plans to quarantine after one of his closest advisers hope hicks tested positive for the coronavirus. Sources telling abc news hicks is experiencing
Global infections exceed 30 million. Saudi oil minister says, make my day, and a warning, he says whoever gambles in this market will be ouching like hell. Good morning. 6 00 a. M. In london. We have breaking news, caution to buy bankia. They see a completion of the merger in the First Quarter of 2021. A number of headlines are breaking, and they will do that, we will have an update on that. Sentiment to the downside, relatively flat across asian equities. Msci asiapacific up 0. 3 . Tencent down 1. 5 , under pressure from the Trump Administration, looking into Data Security concerns. They have large stakes in these gaining companies. Lets see what is going on across assets. Brent crude up 0. 7 . Barrel, getting a boost from the Saudi Oil Minister. It was a public dressing down of cheaters, and a blunt message to the market to not bet against the cartel. Nothing really happening in the bond market. More confidentng in its alliance with oracle. Beijing has asserted its right to block the