Warning of weaker Global Oil Demand because of jet fuel demand. And martha pollick on the colleges plan this fall. Lets get back to the lead story on the Economic Data front in the u. S. The number of americans applying for Unemployment Benefits falling below one million since the pandemic began in march. We are seeing economic recovery getting some traction. Joining us is michael mckee. Is it good news, bad news . Think itsdont either. It doesnt show that the recovery is gaining traction as much as the decline is flattening out. We are talking people filing for the first time and it is still almost one million. Their deep scars in the labor market. Although the data is two weeks old the number of people receiving some kind of benefit is over 28 million. There are a lot of people still hurting. Will that push people in washington towards making a deal . If we havent had that already, its hard to see how this number in particular fix them one way or the other. Alix is there anything to
The kids had a ball we loved it. Jersey was great the people of jersey were great to us. The water by the way the water is i mean, the ocean beautiful. Drinking water in jersey still is probably my only complaint. I have to go brita or bottled. But i got this tattoo which i know that you guys showed off last week. I got a lot of neosporin on it right now. Just to keep the bacteria, thats what they say youre supposed to do but at some point well show it off and do the grand reveal. They asked me if we wanted to show it and i said no he never liked it on twitter and im not sure that he really liked it so you brought it up. I wasnt going to bring it up. To be honest with you, i came to it late i was actually trying to not even be on twitter that much and i saw it and it was too late to start retweeting because it was a day after clearly you had shown it off and i didnt realize that i had sent that picture to you but i didnt realize that everybody would get to see it this way. It was fun.
Alongside lisa abramowicz, im jonathan ferro. Tom keene back on monday. The equity market unchanged right now on equity futures. It is the bond market tickets your attention. The worst week for 10 year treasuries going back to june. Lisa very low rates, but it seems like theres at least a little bit of a concern creeping in about the record bond issuance from the u. S. Government. The question is whether this is a momentary blip. Today, people seem to be treating it as a buying opportunity. Jonathan so far, so good this week in terms of expectations. Claimed yesterday, positive relative to expert patients. Cpi hotter, ppi hotter than expected as well. Perhaps fueling that moving treasuries and not just the supply story. Lisa weve had this conversation over and over again, the idea of lagging indicators. In a fastmoving pandemic where you get states reshutting down and people losing confidence, and people are looking to the july sales data shown the last retail sales gain before unemplo
Best performers in the s p 500 or if perhaps because Elizabeth Warren is walking back her proposal for medicare for all, interimhere would be an and the fact that Pete Buttigieg is pulling so well. Down about 2. 7 . Guy . Guy european stocks low but not down by much. Volume is like. We seem to have people trading on trade headlines that are risk off. We have yields lower and bonds are better. By half of 1 p against the u. S. Dollar. The reason for that is better polling for the conservative party. We will talk british politics shortly with joe swinson of the liberal democrats. Vonnie lets get to hong kong. Raging fires, tear gas, flaming vehicles have all gripped hong kong in battles between protesters and police. Of a are growing on a crackdown on protesters as police around a university. In the u. S. The senate is preparing for passage of a bill that shows support for protesters supporting democracy in hong kong. When do we expect that vote . We are expecting it at some point this we
Lets get a check of the first word news with mark crumpton. Ark a brooklyn man wearing pipe bomb attachment velcro and zip ties set off an explosion, injuring himself and three others. New York Governor Andrew Cuomo called the bomb lowtech and was adamant that the city remain vigilant after the Port Authority and several subway lines were shut down temporarily. All the service will reserve. Ume. Lets go back to work. We will not allow them to disrupt us. Thats exactly what they want and thats exactly what they are not going to get. Mark officials are calling this an attempted terrorist attack. Identified has been as a 27yearold. He suffered serious burns while the other victims had minor injuries. The largest of those wildfires in Southern California is moving north. Hundreds have fled their homes in Santa Barbara county. So far, the blaze has burned more than 270 square miles and forced the evacuation of 30,000 residents. Israeli Prime Minister benjamin that yahoo was in brussels toda