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Multiple occasions, sort of a cockroach that sort of lived on. I hate to use that to describe a company thats out of business. It was bailed out on multiple occasions. It received a 700 million loan from u. S. Treasury back in covid. We were trying to protect jobs. Were looking at a situation where those jobs will not be replaced. Teamsters jobs are not coming back. The Trucking Industry has largely moved away from unions with the exception of ups and we only have two other National Union carriers that have that are around. Those jobs are not coming back. One thing to point out, everybody talks about the 700 million loan. The teamsters got a pension bailout of 36 billion from biden in january that really protected the pensions. Theres a lot of teamsters that talked about losing their pension. The reality is, the pension is saved but the jobs are not. Cheryl wow. Craig full ....
Futures, well, to the downside on this first trading day of august ahead of a big week of earnings and economic data. Dow component caterpillar out before the bell along with pfizer, jetblue, uber and marriott, all the numbers as soon as they hit the tape this morning. Jobs on tap this week with the july adp report out tomorrow, the july jobs report comes out on friday. Taking a look at european markets, we have red across the board. The ftse, cac 40, the dax are in the red. To asia overnight, markets mostly higher in that region as you can see, the kospi in korea up better than 1 and a third percent. And selling the biden brand, a bombshell testimony from Hunter Bidens former Business Partner, devon archer. House oversight republicans say he added to the growing evidence that then Vice President biden was involved in h ....
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