Battered by the covert 19 outbreak we take a deep dive into the fate of the industry with expert analysis with a packed show today so lets dive right in. And we lead the program with the latest jobs at this 6 in the United States now the u. S. Labor Department Said thursday initial jobless claims for the week ending the 15th of august came in just over one point 1000000. 00 analysts had expected a downward trend to continue after claims fell below 1000000. 00 for the 1st time in nearly 5 months the week prior now the Labor Department also reported that continuing claims which measure those receiving benefits for at least 2 weeks declined by more than 630000 leaving those still seeking benefits at just over 14800000 but well below the nearly 25000000 witnessed back in may prior to the release of these latest figures white house economic adviser larry kudlow told reporters wednesday the countrys economy is rebounding. Quote very very strongly adding that its on a selfsustaining recovery
Excellence i think thats the most important thing and theres a thats the essence of what we mean by Free Enterprise its supposed to be equal rules for everyone and that is not the situation today people making the point that facebook for instance have had more influence than than most governments but is there anything wrong with that why should governments have a monopoly on power. Thats such a fascinating question as governments become centralized in any fashion there is opportunities for collusion with with businesses that are succeeding at a certain level thats when we start having this stratified rule set the rule of law starts to break down in any country and once company can overtake and work with the politician is supposed to be protecting the public then you can get some you know problematic behavior thats unaccountable and then the rule of law breaks down again that wraps it up appreciate the company throughout the morning and early afternoon to stick with ulti if you can plen
Going to happen here and what are the contagion effect of these persistently high unemployment numbers on the economy. Could have been brought back to listen lets face it the numbers are great but the economy is slowly reopening and what youre really have is a political battle youve got the democrat the love trying to keep the economy shut so its hard to get people employed when 0. 25 are really still kind of shut down its not logical it makes no sense its a bunch of political crap that unless they resolve it is going to be like this in the elections over they do not want the kind of open they do not want to give president drop any type of victory so the jobs get to really at this point meaning us watch the markets we know that the economy and markets relate but theres plenty of money being invested and markets are making new highs and again we now understand that its the politics that are holding these jobs back not the economy christine i want to get you to weigh in on the. Quickly b
Hour futures are solid, earnings phase one signing, lots of eco data our road map begins with trade optimism reigniting the record rally. The chinese delegation heads to d. C. Today for an expected phase one signing on wednesday plus new ceo, same crisis. What to expect from boeings new chief executive, David Calhoun, who takes over today and the future of the 737 max. Then there were four, alphabet nearing the trilliondollar market cap club, behind apple, microsoft and amazon stocks are looking to recoup some losses from dow, the dow surpassed 29k for the first time before finishing in the red. All three major indices are in the green since the beginning of the year led by the nasdaqs 2 gain as we were saying on squawk a few moments ago, jim, if lulu yes, maam of lemon is a clue to the earnings season, maybe this rally has been justified we have two conference this is ek wweek, icr in orlando andi conference in san francisco, health care. Theyre used to be able to say better than expe
Katie welcome to Bloomberg Markets. You take a look at these markets and you can see there is green on the screen. The s p 500 is up by about 0. 5 . Compared to what we been seeing, its exciting. The nasdaq 100 is seeing a bigger game, up about 0. 8 . Weve been talking that inflation data coming in as expected with a bit of a relief there and you can see that in the bond market as well. Not huge moves that its the direction of travel. You have yields moving lower right now to the tune of four basis points on your 10 year treasury yield after the feds preferred gauge of underlying inflation, the pce rose in january as expected, supporting the feds patient approach. For more, were joined by mike mckee. After what we saw in cpi, this is probably good news for the fed . Mike its good news for wall street. You probably heard that big whoosh at 8 30 a. M. In the pc was a little higher than its been in recent months but it is not too high and a yearoveryear basis, inflation is still going dow