To do very very top i think it is. The water where all the patients you walk on and give the go ahead. This is the one business show you cant afford fairmont washington coming up as unemployment remains unpredictable. Inflation is from paul will break it down to what that means the u. S. Economy Going Forward in the United States the world over a trillion dollars and off for them to take a look at the numbers and think just. How countries are adjusting to the dramatic drop in International Travel have a lot to get to so lets just start. Its thursday and u. S. Unemployment numbers are in more than 1000000 americans filed for jobless claims for a 2nd consecutive week well the Labor Department reported it with a weekly drop of 90000 but this is down from the 1100000 the previous week now this also marks the 22nd time in just 23 weeks the jobless claims are above 1000000 claims dropped below the 1000000 earlier this month but only for one week now this was since the start of the pandemic i
Has changed lives and pharmaceutical companies have a miraculous solution. Based drugs to people who are chronic pain and believe that their opioid prescription is working for them in the remedy. To the price at the. Dependency in the addiction to opiates to long term use that really isnt scientifically just right now a study actually suggests that. The long term effects might not just be the absence of benefit but actually very very right because in the long term. This is a boom bust that one business show you cant afford to miss there montevideo going to washington coming up as unemployment remains unpredictable. Inflation is the ball will break it down and what that means the u. S. Economy Going Forward in the United States and the world could lose over a trillion dollars in lost for them in terms of take a look at the numbers and see just how countries are adjusting to the dramatic drop in International Travel have a lot to get through so lets get started. Its thursday and u. S. Un
Revised estimates of 2nd quarter g. D. P. And said it fell at a 31. 7 percent annual rate thats slightly less than the 32. 9 percent that was originally reported lysol comes as lawmakers have yet to reach a deal on a new Coronavirus Relief package. Meanwhile the Federal Reserve announced thursday plans for a new framework that will likely allow them to keep Interest Rates lower for a longer period of time will. Change their view a little later on inflation rate of 2 percent is most consistent with our mandate to provoke promote maximum achievement and price stability finally we continue to believe that Monetary Policy must be forward looking checking into account the expectations of households and businesses and the legs of monetary policies effect on the economy thus our policy actions continue to depend on the Economic Outlook as well as the risks to the outlook. Well for more we turn to boom bust cohost and investigative. Line ben lets start with what the obvious here now now Federa
The former California Attorney general because the first africanamerican woman and first south Asian American woman on the ticket. Big revamp. They will exit all noneuropean Corporate Banking activity, and they forecast longlost loanloss provisions at 3 billion euros for the year. We will speak with the cfo of abn amro. Let me get to some of the breaking news we are getting here from the u. K. We have u. K. Gdp numbers coming through. We are looking for the month of june and for the quarterly figure. We have seen a rebound in the month of june at a. 7 . That was 8. 7 . That was ahead of the estimates. Thats the rebound for june. A rebound was expected. Quarter coming in at 20. 4 . That was with an estimate of around 21 . If you look at the year on your number, its similar. Its the extent of the losses that we saw in terms of Economic Activity in the Second Quarter. We look at things for a year on your number. Officially what we already knew because of the u. K. In the session. Saw the
Coming up, in a few moments, Global Investor mark mobius will join us. Chinese equities see a big week of gains they slipped a bit this morning. Shares of carnival jumping after they gave an update on the state of its business. Well speak with the Ceo Arnold Donald in a cnbc exclusive and Major League Season starting the season in florida. Well speak with the leagues commissioner about the risks and reward of taking to the field. We look forward to all that. Sara, up 0. 7 on the s p 500 lets start right there with the markets. The we have seen a big swing intraday futures starting off in the red. Hopeful signals then coming from gilead about the coronavirus treatment. Helping turn things around early. The company saying it was associated with an improvement in clinical recovery and 62 reduction in the risk of mortality compared with the standard care. Lets get to mike santoli tracking the moves in the names and sectors today. Yeah. Sturdy Performance Today solid week you would have tho