Live this hour. Plus records watch, the plus ive got it, carl the dow aiming to erase 2020 losses and the s p heading for the best august since 1986, kelly. Wow and cocacolas restructuring strategies amid plans to streamline the drink portfolio they are setting voluntary job cuts for thousands of its workers. David, it is friday, and kelly, friday and you just sort of think back to what this week has brought us, guys alltime highs, obviously news in sports in the nba, hurricane laura, the rnc and we will hear from what the president said last night tiktok, microsoft, walmart, oracle, you name it, david, but large discussion this morning about how the thing thats going to probably stick with us for the weeks and quarters to come is going to be that historic powell speech and we will have to decide whether this long end is bringing us noise or something more yeah, i mean, im glad kelly is here because im sure she was home studying every word after it took place, as you know, not my area
States across the country. Saying goodart by morning to you. The trendlines have not been good. There are two indicators for whats happening with employment. The Census Bureau is putting out per luminary data that indicate that the percentage of americans who are employed is declining again. And the Labor Department puts out data about initial weekly unemployment claims. Filing foreople their Unemployment Benefits for the first time. And those numbers have been pretty stagnant since the beginning of june and recently have begun to take up a little bit. Which is an indication that there are more people losing their jobs in the economy. Those indicators suggest that while we may see some jobs growth, its going to be a low number at best and thats going to suggest that this recovery is going to take a good long time. In this discussion and our anticipation of the jobs number on friday . That 600 benefit from the federal government. Looking beyond the next few weeks, how long do you think
Central, 202 7488000. Mountain and pacific, 202 7488001. You can text us. That line is 202 7488003. Are cspanwj. Post, as caseson near 5 million, trump digs in on schools reopening. They write the administration is sticking by its view that schools must reopen on time and , as mississippis conservative governor reversed course to delay school and make students all wear masks. The yuan chief warned that the world faces a generational catastrophe because of School Closures. Urgedideo message, he countries to suppress the virus sufficiently to allow schools to reopen, calling the pandemic the largest disruption to education ever. A policy brief alongside this containing the virus the most significant step governments can take toward grouping schools. We are learning a lot from governors about state plans and what localities in those states might do. The governor of texas, greg abbott, held a news conference. The Texas Tribune reports that local School Officials know best whether they shou
Boost as shares jump more than 10 in their debut waking up europes dor mont ipo market President Trump threatens to call in the National Guard as violence erupts in minneapolis for a third night. With protesters setting fire to the Police Station over the death of george floyd. Asian equities and the week mostly lower as President Trump talks tough on china saying he will issue the white house response to the hong kong moves later today. We are not happy with china we are not happy with whats happened all over the world, people are suffering. 186 countries, all over the world they are suffering we are not happy a very warm welcome to street signs. I want to kick off with fresh data just crossing the wires in italy. The final print, it has been revised lower. We are seeing 5. 3 , thats the quarter on quarter contraction in italy in q1 thats against a preliminary 4. 7 contraction year on year. The contraction stands at minus 5. 4 compared to 5. 8 initially redibted we are seeing worse nu
Protests and the fallout from joer george floi, but the market and stocks are focused on Economic Activity, period we just keep getting good news its good news off very lowered expectations whether it be cheesecake getting a lot more people than they thought or the airlines this morning. American saying good things. Whether it be ebay pronouncing right now things are better than expected whether you talk a look at a lot of the companies that, you know, morgan stanley, gm, of course this quarter was the weakest, but maybe next quarter will be the strongest. We have a number of Oil Recommendations saying they have come all the way back. So the street is really bullish. After being very bearish you see a lot of price targets that were cut severely are now going back up. Its a kind of dont fight the trend where the most overbought we have been since 2009, but if you go back to 2009, we were up 11 on the s p. We had great period after. People are fighting the tape if theyre selling. How abo