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A significant chunk well into the millions, i dont want to give you a number because its going to be a guest but well into the millions. People who dont get to go back to their old job and in fact there may not be a job in the industry for them for some time, there eventually will be but there could be some years before we get back to those people finding jobs. Maria joining me now to talk about the economy and how to invest is a professor of finance of the school of university of pennsylvania jeremy siegel, it is great to see you this morning. Thank you so much for being with me. Good morning, happy to be here. Maria lets talk about what we heard this week, we had the Federal Reserve say there will be millions of people unable to get back to their jobs for many years, they may very well not get back into the same job, you had on thursday another round of unemployment benefits, one and a half million additional people filed for u ....
A significant chunk well into the millions, i dont want to give you a number because its going to be a guest but well into the millions. People who dont get to go back to their old job and in fact there may not be a job in the industry for them for some time, there eventually will be but there could be some years before we get back to those people finding jobs. Maria joining me now to talk about the economy and how to invest is a professor of finance of the school of university of pennsylvania jeremy siegel, it is great to see you this morning. Thank you so much for being with me. Good morning, happy to be here. Maria lets talk about what we heard this week, we had the Federal Reserve say there will be millions of people unable to get back to their jobs for many years, they may very well not get back into the same job, you had on thursday another round of unemployment benefits, one and a half million additional people filed for u ....
A significant chunk well into the millions, i dont want to give you a number because its going to be a guest but well into the millions. People who dont get to go back to their old job and in fact there may not be a job in the industry for them for some time, there eventually will be but there could be some years before we get back to those people finding jobs. Maria joining me now to talk about the economy and how to invest is a professor of finance of the school of university of pennsylvania jeremy siegel, it is great to see you this morning. Thank you so much for being with me. Good morning, happy to be here. Maria lets talk about what we heard this week, we had the Federal Reserve say there will be millions of people unable to get back to their jobs for many years, they may very well not get back into the same job, you had on thursday another round of unemployment benefits, one and a half million additional people filed for u ....
We will break that down later on. Take a look at the rest of the market. You see caution still. The likes of gold, despite the rebound in stocks, gold topped at 1800 for the First Time Since 2011. Theres caution around a resurgence of cases. We have the situation in hong kong with china and acting sweeping powers. Goldman saying we could see 2000 for gold in the next 12 months or so. Extending theg best performance we have seen in 30 years. Money coming off of the dollar here, more of quarter selling and rebalancing. A little bit of strength in the yen. Offshore renminbi gaining at 705. Take a look at the nikkei. A survey cannot very negative. Manufacturing sentiment dropping to the lowest level since 2009. China seeing shares up 6 10 of 1 . The pboc said to Lower Borrowing costs for small businesses. Perhaps anticipating a rate cut today. Watching bonds. Treasuries did tu ....
Was nasdaq and s p 500 down almost 3 . Add boycott slit sit Major Companies pulling out of advertising dollars from social media giant is costing Company Millions anding to surngd pressure and down two and a a quarter percent right now. Boeing takes flight test of the 737 max begin this is week. The stock is up on the news this morning premarket up close to 3 and Federal ReserveShopping List essential bank releasing name of companies that it is purchasing Corporate Bonds from. Including automakers, telecommunication companies, even beverage cocacola, plus china take more steps to plan down on hong kong frms and beijing says it will impose visa restriction on americans with what they call egregious conducts ....