I was walking out of the office, listening to an interview of former general mccaffrey and the bill cohen, former secretary of defense. Before i begin, i want to speak a little bit to what they talked about and the revelations of President Trumps disregard of our military and veterans. Quite frankly, if what is written in the atlantic is true, it is disgusting and it affirms what we believe to be what most of us believe to be true. President trump is not fit to be the commanderinchief. The president reportedly said and i emphasize reportedly said that those who signed up to serve, instead of doing something more lucrative, are suckers. Let me be real clear. When my son was an assistant u. S. Attorney and volunteered to go to kosovo while the war was going on, as a civilian, he was not a sucker. When my son volunteered to join the United States military as the attorney general and went to iraq for a year and won the bronze star and other commendations, he was not a sucker. The serviceme
[indistinct chatter] thank you, everybody. Thank you. As we begin Labor Day Weekend americas unprecedented economic recovery continues. You see what is going on. It is pretty amazing. The United States economy as of this morning, 1. 4 million jobs les last month bringing the total to over 10 million jobs which is a record. In august, we added 240,000 retail jobs, 174,000 leisure and hospitality jobs, and 29,000 new manufacturing jobs. The Unemployment Rate plummeted to 8. 4 , the second largest month job ever recorded. It is surpassed only by our decline in june. Last month we saw declines in the Unemployment Rate for africanamericans, and hispanic americans, and asian americans. We are witnessing the fastest labor Market Recovery from an economic crisis in history by far. By contrast the last demonstration had the slowest, weakest, and worst recovery in american history. That was well documented as you know. This year the United States has seen the smallest Economic Contraction of any
Ginsburg made the political picture in washington significantly more complicated with some analysts saying the odds of another round of stimulus before the election falling sharply. Bank stocks are getting crushed today as well amid new report about major firms dealing in suspicious funds well have more on that in just a bit. We have 59 munz left left to goy volatile session still make for the worst day in a while. Percentage terms, were down 2. 2 as we stand ahead will be all over the selloff in the final hour of trade. Billionaire investor Mike Novogratz will join us with his take on todays plunge and whether he is buying any of the dips after three straight lease losing weeks and well speak with john kerry in an exclusive interview. Well get his take on the Supreme Court, on stimulus, on the election and that final month run in of campaigning which, of course, he knows so much about lets focus in on the big stories were watching on a very busy day of news mike san toll toli is track
Week pakistan is asias best performing stock market and the rally may have a long way to go despite the pandemic. Plus famine poverty and uprisings a stark warning says the pandemic wipes out a decade of economic growth. All in the end maybe in a conservative country the choice of continuity was too appealing chief cabinet secretary. Replaced his bastions as Prime Minister stepped down as the countrys longest serving Prime Minister for Health Reasons so challenge is to pick up from where they left off and make sure their twentys are not a wasted decade. Had attempted to turn around the stale economy with a 3 pronged revival plan we have inherited an economy that struggled with deflation and slowing growth after the stock and Property Market crash in the 1990 s. The effort had limited success and r. V. Nomics as it was known was more or less abandoned the central bank introduced unconventional tools to tackle the countrys problems from driving Interest Rates into negative territory to a
Public comment. Reminder to all participants to mute themselves to minimize background noise. Please note gray indicates unmuted. This is caption test. Use the live item 5 action item. Of the august 12, 2020 retirement Board Meeting. Its a motion for the august 12, 2020 Board Meeting. So moved. Madame president we received a request to the Administrative Changes to the minutes. She made Public Comment and we indicated she represented the retired employees. She would like the title of her organization to be spelled out in the minutes. I would propose that we make that one correction on page 9 [indiscernible]. Sorry for the interruption. Ill second it. Accept the change. Moved and seconded. Well adopt the minutes with the requested changes and accepted by executive director huish. At this time well take Public Comment. Thank you. Callers, if you have not already done so press star 3 to be added. For those already on hold please continue to wait until the system indicates you have been un