one business so you can't afford to miss i'm sorry monteith aopa in washington coming up the labor department reported a steady fall from the week before on jobless claims but still higher than expected well that's because what this means for the overall economy and market. to u.s. companies may be closer to finishing the deal for tech top but out trump and ministration may just have to wait for china to give the ok we'll get the latest from the dean of the miami harvard business school and we have a lot to get here so let's get started. we begin with the unemployment numbers as weekly jobless claims took an unexpected turn for the worse for the week ending on september 19th labor department reported 870000 americans filed for unemployment that's up from the week prior with 866000 the labor department remains stuck at a pretty high level here still above their peak 65065000 during the great recession that was between 20072009 the data comes as u.s. lawmakers still haven't come to an agreement on a new round of stimulus something the federal reserve argues is needed for economic recovery earli

one business show you can't afford to miss i'm sorry montevideo in washington coming up the labor department reported a steady hold from the week before on jobless claims but still higher than expected well discuss what this means for the overall economy and markets. for u.s. companies may be closer to finishing the deal for tech talk but other trumpet ministration may just have to wait for china to give the ok we'll get the latest from the dean of the miami herbert business school and we have a lot to get here. we begin with the unemployment numbers as weekly jobless claims took an unexpected turn for the worse now for the week ending september 19th labor department reported 870000 americans filed for unemployment that's up from the week prior with 166000 the labor department remains stuck at a pretty high level here still above their peak 65065000 during the great recession that was between 20072009 the data comes as u.s. lawmakers still haven't come to an agreement on a new round of stimulus something the federal reserve argues is needed for economic recovery earlier this week federal res

. >>> and just a few hours the labor department will roll out the latest jobless claims numbers plus a rice brand getting a new name amid the push for racial equality. diane king hall has these stories and more in today's money watch report. [ bell dinging ] >> reporter: the tech lead selloff continued on wall street wednesday. the dow skidded 525 points. the nasdaq tumbled 330. s&p 500 fell 78. >>> today investors will be watching federal reserve chair jerome powell and treasury secretary steven mnuchin. also happening this morning the labor department releases the latest jobless claimants data. >>> uncle ben's is changing its name to ben's original. the latest to take action this year. ben's original will also have a new image to go along with the new name scrapping the black man in a bow tie who some say looks like a racial stereotype. parent company mars says new packaging will debut next year. watch report. for more, head to cbsmoneywatch.com. at the cbs broadcast center, i'm diane king hall. >>> to the coronavirus now. there could be stricter guidelines for emergency authorizat

that's life well planned. ♪ ♪ ♪ >>> welcome back the labor department's osha issuing a fine to smithfieldes from the coronavirus. the this after four employees died and over 1,000 had contracted covid-19 earlier this year labor secretary eugene scalia joins us now for an exclusive interview. mr. secretary, thank you for joining us before we get into osha and smithfield, you want to pay tribute today on 9/11 to the workers that sacrificed their lives on this day. >> sara, thank you yes, it's a somber day i think it's a day for reflection and prayer for americans still all these years later. many of us lost friends, family and we also witnessed some great heroism by first responders. we actually had a number of people at the labor department actually at osha that helped in the days afterward but thank you for allowing me to just take a moment to acknowledge what an important day this remains >> it's important to never forget to share these thoughts and experiences. let's talk about this fine for smithfield how did you arrive it seems like a slap on the wrist, this fine how do you put a pric

. >>> the labor department reports a decline in new unemployment claims. 881,000 people filed jobless claims last week. that's a drop of 129,000 from the week before. analyst say the number of claims is because the labor department is changing the way it adjusts seasonal starting mo working will get $300 supplemental checks from the state. that's in addition to regular checks earn. it will be retroactive to august 1st, that's when the federal benefits ended. the money is available to anyone who gets $100 a week in unemployment benefits and is jobless or partially unemployed because of the pandemic. >>> at tech selloff drove the market lower after new records yesterday. it was down and the nasdaq plunged 578 points. s&p 125 points. analyst say there was profit taking after recent run-up of shares in big tech companies. amazon was down 4%. >>> firefighters workers treated to a special lunch today. the foundation provided 3000 meals to firefighters. as part of the serving heroes initiative. it was prepared by big james barbecue. >> from firefighters to first responders to pretty much eve

the labor department reports a decline in new unemployment claims. of the government said 881,000 people filed last week. that's a drop of 129,000 compared to the week before. analyst say the lower number of claims said the labor department is changing the way they adjust seasonal swings in unemployment. using the old accounting method, claims would have gone up slightly from last week. the ec. >>> the e-cigarette maker, juul labs is laying off workers. they plan another 1000 layoffs. of the company was scaling back operations due to a sharp drop in sales. they were blamed for a surge of team teen vaping in the united states. >>> with 60 days left till the november election. pet president trump when to key battle ground states. the president said this election is all about safety. democratic nominee, joe biden went to kenosha, wisconsin. he held a community discussion at a local church after speaking with jacob blake on a telephone. blake was a man shot in the back by police and left paralyze. >>> different messages coming from the campaigns when it

according to the labor department, that is down 33,000 from the week before. early spring and summer, new applications have held steady since early august. the wall street journal notes the labor market has partially recovered from the coronavirus pandemic and shutdowns. employers through august have replaced about 11 million jobs of the 22 million shed at the beginning of the pandemic. the pace of hiring slowed later in the summer and layoffs have remained persistent. there are still nearly 30 million americans receiving some form of unemployment aid. ng some form of unemployment aid. when it comes to the unemployment rate in this country, this chart from today's washington times showing the race from the beginning of the year -- rates from the beginning 3.5% in thefrom beginning of the year two 14.7%. tohas been trickling down 11.1% june, 10.2% july, 8.4% august. that is where we are now. situation innomic the country, we are asking you letting us know how the coronavirus has impacted your life, your job. (202) 748-8000 if you are unemployed. (202) 748-8001 i

. >>> before the labor day weekend, the county health department wants us to follow coronavirus safetyuidelines. we have mornings on fox 2's allie rasmus to talk about preventing the spread of the virus this coming holiday. good morning, allie rasmus. >> reporter: this is a concern, the labor day holiday weekend where people get together and gather. some of the precautions that they put in place, health and city officials include closing down bay area beaches. as well as strongly encouraging and urging people to wear masks and maintain social distancing. san francisco launched a public health campaign to warn people to keep up safety measures. the public health officials have noted that throughout the summer, the spikes seem to lag a week behind, for popular summer holidays starting with memorial day weekend, father's day and then fourth of july. the cases have been trending down in the bay area in the past few weeks. the concern is that people will let their guard down this weekend. >>> we can show love by masking up. stay 6 feet apart, and, stay 6 feet away. >>> beach -- beaches will

. >>> new, the labor department reports that 881 thousand people had filed their jobless claims last week, a drop of 129,000 from the week before, but it does not mean that fewer people lost their jobs. this week the labor department changed how it accounts for seasonal swings and unemployment, using the old accounting method, claims would rise by 7500 from last week. >>> the report finds the california has issued an increasing number of permits for gas and oil drilling, including fracking. the report by the consumer watchdog frak tracker alliance says the agency that oversees gas drilling issued 2700 permits to drill new wells or rework existing ones in the first half of this year, including 48 new permits for hydraulic fracking, the group says that the trend conflicts with california's environmental mandate and governor newsom's campaign promise to reduce reliance on fossil fuels. >>> to allow to say they are planning another round of layoffs and considering cutting off sales in europe and asia. the san francisco-based company cut one third of their 3000 workers earlier this year,

analysts say the lower number of names is because the labor department is changing the way they adjust seasonal swings and unemployment. if they were using the old method, claims would have risen slightly compared to last week. >>> in the meantime, concerns are growing as possible friday californians unemployment agency. there have been several reports of people receiving unsolicited debit cards from the agency in their mailboxes. the employment development department says it is developing methods to stop and prevent fraudulent claims from being paid. state lawmakers have called for an emergency audit of the edd. >>> coming up tonight, a go slow approach. santa clara county's plan to maintain its current covid restrictions, even if the state approves more reopening's next week. >>> plus, more fallout from nancy pelosi's private hair appointment amid the pandemic. the protests today outside her san francisco home. >>> plus come up next, vallejo one pace to break the record for deadly violence. give you my world ♪ ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪

it comes as the labor department releases its latest job numbers and the heads of the airlines industry meet at the white house. reporter lauren blanchard has the latest he negotiations. remit the latest job numbers are out for the labor department announced 860,000 people applied for unemployment benefits last week, and 12.6 million americans are still out of a job, compared to 1.7 million one year ago. >> there's no question where climbing our way out of it. >> reporter: meanwhile on capitol hill, lawmakers remain stalled on talks to ease the financial burden of the pandemic. democratic leaders say republicans need to come up with a plan to find a covid-19 vaccination program and compromise on a stimulus bill. >> congress must provide the resources needed for a national strategy. >> reporter: white house economic reporter larry kudlow says economic recovery will depend on the government bailout. >> i don't think recovery is contingent on this package, but the president wants an insurance policy he would like to see some more cash out there. >> reporter: on wednesday, president trump c

the labor department said one .4 million jobs were added back to the economy in august. the nation's unemployment rate will to 8.4%. that is the first time the unemployment rate has fallen below 10% since march. that number was better than expected, but black and latino workers are still seeing double digit unemployment. economists remain cautious about the months ahead, saying u.s. economic activity may not return to pre-pandemic levels until late 2022. >>> new afternoon, authorities in the east bay are investigating a man's death near a walking trail in pleasanton police found the body last night near the marilyn murphy king trail. so far, they are not sure if foul play was involved. the alameda county crime lab and coroner are working to try to federal law enforcement agents have eda mawho was wanted for fatally shooting a trump supporter during protests in portland oregon last week. lilia luciano on how it all played out. >> reporter: cbs news has learned that michael right now, thing here in cell phone video after being shot was located by the fbi in lacey, washingt

. >>> minutes ago, the labor department released the latest weekly jobless claims.ing this morning. 884,000 people filed for unemployment benefits last week, that is slightly higher than economists projections of 850,000. it also is exactly the same as the adjusted number of 884,000 claims the previous week. there are still nearly 13.4 million continuing claims economists forecasted 12.9 million. and today's report is the second under the labor department's new updated system which experts say inflated the numbers. the change is expected to lower the number of seasonally adjusted claims and we'll see how wall street reacts to all of this when the markets open up. >>> happening today, the u.s. senate is scheduled to vote on a slimmed down gop proposal for covid-19 relief. the so-called skinny bill calls for $300 a baek iweek in enhanc jobless benefits and 12e7bd #s t 12k3e7b extends the paycheck production fund. but it does not include stimulus checks. it is not expected to get the votes need. >>> and bay area workers are facing new job realities because of this pand

labor department released the latest weekly jobs report and here is what we're seeing. 881,000 peopleiled for unemployment benefits last week, that is much lower than economists projections of 950,000. just the second time during the pandemic that new weekly claims are below 1 million. since mid march when the country shut down, there are 13.25 million continuing claims, that is lower than forecasts of 14 million. today's report is the first under the labor department's new updated system which experts say inflated the numbers. th change is expected to lower the number of seasonally adjusted claims that get reported and we'll see how wall street reacts when the markets open up. >>> the state is launching a new campaign to let renters and landlords know their rights under the new housing laws. governor newsom announced housing is key.com to keep people up-to-date. he says almost 5.the 5 million renters are at risk of losing their homes. newsom says the housing bills that he signed into law will prevent many renters from facing eviction for now. it does require people to pay at least 25

. >>> the labor department just released the august jobs report.e unemployment crisis improving? we'll bring you the breaking numbers next. >>> this is cnn breaking news. >> the breaking news, the labor department just released the august jobs reports and our chief business correspondent christine romans has the details. tell us what we learned from this snapshot in july and where this leaves us on the overall counting of the jobs lost since the pandemic? >> it's 1.4 million jobs added back into the economy so adding jobs back into the economy but at a slower pace than we have seen earlier this summer. so now we have added about 10 1/2 million jobs back in. 22 -- about 22.2 million evaporated as you know when the whole country went on lockdown. so in march and april, you lost 22.2. now from may to august you have added back about half of that. the unemployment rate falling here, jim, to 8.4%. that is still a historically high number. but now at least it's not quite as bad as it was at the worst of the great recession. so now we've got about 8.4% on

. >>> new this morning, the labor department reports 881,000 people filed new jobless claims last weekthat is a drop of 129,000, from the week before. but that does not mean fewer people lost their jobs because starting this week the labor department changed how it accounts for seasonal swings in unemployment. using the old accounting method, numbers rose slightly from last week. many californians who are not working will get $300.00 supplemental checks from the state. the money is in addition to the regular on employment checks earned. the supplemental payments will be retroactive to august 1st, when the federal benefits ended. the supplemental money will be available to anyone who gets at least $100.00 a week in unemployment benefits. and is jobless or partially unemployed because of the pandemic. >>> cal fire says that the crews made some good progress against the woodward fire burning in marin county. it is 57% containment. the fires burned through seven square miles through the point raise national seashore and evacuation orders and warnings have been wristed. the port raise natio

. >>> the labor department shows an estimated 230,000 californians filed first-time claims last week. that is down from 243,000 the week before, and the former employment development department directors as demographics are ngchan. gisugg demographics are shifting. that they are seeing more older workers, workers in stable jobs now being laid off. >> across the country the 860,000 filed on employment claims last week, that is down 33,000 from the week or. >>> clear skies over oakland right now, a little bit of fog in the air, the air-quality actually pretty good today, all of that milk has pretty much moved out, still a little here and there, spare the air alert was not issued today. interim are also said to be fairly clear, as you can take a look at the skies above the bay area bridges. looking pretty good. and how about the exclusive use of the top of the salesforce tower. is relieved to see that nice familiar fog coming and without all that smoke. and i know you're going to say, but we just going to enjoy this now and have good thoughts for the future. how about that? >> it is 2020

filed for unemployment benefits last week that hasn't happened since early august today, the labor department reported 881,000 americans filed initial claims for benefits, 13 million americans filed continued. jobless claims which count people filing for benefits for at least 2 weeks in a row that's more than a million fewer than last week. and despite the pandemic millions of americans will be traveling this labor day weekend both by car and even my airplane four's washington correspondent trevor shirley reports that officials think this weekend could see the most travelers since the pandemic started. >>tsa administrator david because he expects friday to be this holiday weekend's top travel day at the nation's airports. we think we might break 9 or 1000 passengers which would be the highest number we've had since the pandemic for comparison because he says 4th of july weekend saw about 750,000 passengers on its peak travel day that's about a 20% increase he's encouraged by the numbers and things more americans feel safer getting on a plane between the airports in the carriers and tsa. >>we'

labor department reported adding 1400000 jobs for the month of august helping european markets gain back some of those losses the footsie hit 3 month the lows this week the german dax well it's barely down while the french cac it oh most finished positive for the week but went red late friday afternoon both reacting to the trends we're seeing across the globe on thursday france revealed a stimulus package worth 100000000000 euros to prop up the economy now we're going to go across the atlantic to brazil the ebo best but it's also down on the week latin america's largest economy plunged to levels it hasn't seen since 2009 g.d.p. fell by 9.7 percent for the 2nd quarter of this year the most on record industry fixes that fixed investment and household consumption they all contributed largely to the loss we're going to move north to mexico where the b.m.v. is down for the week the country has lost more than 12000000 jobs over the past few months the b.m.v. fell on thursday again on that wall street tech sell off here in the u.s. all 3 major indices they are in the red the dow the nasdaq and

the labor department shows an estimated 230,000 californians filed first-time claims last week. that is down from 243,000 the week prior. the former employment development department director says even with partial reopenings, though, the job market is very tight. >> today's claims suggest that we have had partial reopenings, or limited reopenings. we are having no significant rehiring impacts. and instead, what we see is, again, each day, more business closures including closures permanently, and furloughs now turning into layoffs. >>> looking life of the golden gate bridge right now, many workers who helped run the bus days and varies between the northbay and sanford is go could soon be out of a job. andria borba potential layoff notices sent to workers. >>> the bridge district calls these layoffs temporary, saying that these jobs will be brought back once ridership onieunds. asking for reprieve of a . one point is in larkspur and ridership is down around 97% due to the global pandemic. >> the day we got on there was five people on it which is sort of sad, there is like nobody

there was a seasonal adjustment that the department of labor decided to tweak.tely, they did not adjust the claims going back to march. as you said, this is not an apples to apples comparison. what we know is claims this week, if you have not john the adjustment, would be closer to 1.6 million. -- not is what in the headlines this morning, but people should keep that in mind. number, the same methodology we have been using along since march, would be hired. have 58ns basically we theion americans who since middle of march at claimed unemployment benefits. about 30 million of those continue to claim benefits. surprise the unemployment rate remains stubbornly high, at the highest rate we have seen since the great depression. david: no question it is too high, everyone agrees on that. is the trend line in the right direction? continuing claims have come down, have they not? one point 3 million, expected to be 1.5. adriana: those are new claims, that is right. continuing claims have come down. although they are still high. the unemployment rate has also started to c

this week investors will get a look at a variety of economic data including the labor department's septemberreport, up this friday. meantime, stocks ended higher this past friday after a choppy session. the dow rallied 358 points, the nasdaq jumped 241, and the s&p 500 added 51. >>> people can still download tiktok, at least for now. last night a federal judge barred the trump administration from banning the app here in the u.s. just hours before the ban was set to take effect. tiktok had called the ban unconstitutional and a violation of due process. lawyers for the government claim tiktok's ownership by a chinese firm present an immediate danger to national security. >>> cream of wheat is changing its look and will no longer feature a smiling black chef on its products. the parent company, b&g foods, decided to remove the image more than three months after starting an immediate review of the brand's packaging. the new look will be unveiled early next year and will hit stores around the same time. b&g foods is the latest company to retire racial imagery in the wake of renewed calls for raci

that's how the department of labor got involved they're in charge of the whole arissa issue >> now i good to see you, bob bob pisani >>> coming up, he's one of the men who helped save new york city from going bankrupt in the 1970s. former lieutenant governor richard ravich joins us with what's got him concerned about the big apple this time around he's in the mix again. to >>> a reminder you can always listen to us live or on the go on the cnbc app "the exchange" is back in two minutes. traded goods. tools, cattle, grain, even shells represented value. then currency came along. they made it out of copper, gold, silver, wampum. soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. that's why it's time for digital currency and your investment in the grayscale funds. go digital. go grayscale. ♪ if i could, baby i'd ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. over

lost and 10 coming out the labor department reported a steady halt in the week before on calif claims but still higher than expected well that's that's what this means for the overall economy and market. the u.s. companies may be closer to it than i think the deal for tech top but outright that ministration may just pop.

there department of labor -- labor was given hundred $80 million for things like that. it has been parceled out very slowly. i don't know if any has gone out so far so we have been pushing the department of labor to try and get that money out. to do the capacity building that is next -- necessary in mexico to monitor and enforce the trade laws. we will file a case within the next 30 days. lauren from the christian science monitor, please unmute yourself. >> welcome, mr. trumka. unions are strongest workplaces where you have to show up to do your job. but the workplace is increasingly virtual, looks like a lot more people are going to be working from home post .andemic how does that change the challenges workers face and what they think the movement offers these people? >> we offer them a voice on the job and the ability to come together, to have all workers come together whether you are , whether youtacked are a nurse, doctor or teacher, we offer you a strong voice. in this country we talk about inequality and when most people talkabout inequality, they about and inequal

did you happen to ask the labor department or the treasury department how many other people have thiss hundreds of thousands of people that this unfortunately -- it just is honestly a huge scam. >> reporter: the common thread here is the pandemic unemployment assistance program or pua. it expands jobless benefits to workers, freelancers, and others who are not typically eligible for unemployment. so far, the program has doled out more than $49 billion nationwide. while it's provided a life line for millions of americans, it's also become an attractive target for fraud. >> really it's open season for these fraudsters. >> reporter: last month, pennsylvania's attorney general josh shapiro announced charges against 33 prison inmates and accomplices for scamming the pua program. in all, he says 10,000 inmates across the state have applied. >> i've made very clear that this is a massive fraud investigation. it's an investigation that has taken us behind the walls of state jails and prisons. and it's also an investigation that has us out in the public. there will be more arrests to come both

jobless claims in the united states were less than expected for the week ending september 11th the labor department reported 860000 new claims $15000.00 below wall street expectations of nearly 30000 less than the week prior continuing claims fell by nearly 1000000 to 12630000 for the week meanwhile u.s. equities had an up and down day thursday ending in the red responding to the fed policy positions released wednesday and new data showing an economic rebound losing a little bit of momentum so let's take a look at the state of markets with tobin smith c.e.o. of transformative research always great to have you on television i want to start with this volatility we're seeing in markets thursday everyone's going to blame it on jobless numbers are going to blame it on the fed they might blame it on some i.p.o.'s but these issues will be here for the foreseeable future are we on deck for another selloff like we saw last week in the week per. what are you seeing in the markets yeah i mean 1st off the market is tired and it's tired because if you have new money to put to work today if somebody came into ou

jobless claims came in at 881000 for the week ending the 28th of august according to united states labor department now analysts had expected 9950000 new claims for the week continuing claims that's the measure of those who have filed claims for 2 weeks or more fell by 1240000 to just over $13000000.00 total now meanwhile as car. debates the next steps for a kopek $1000.00 relief package the congressional budget office is projecting the country's deficit will triple in 2020 to $3.00 trillion dollars now federal debt will account for 98 percent of gross domestic product in fiscal 2020 and the largest percentage of g.d.p. since 1945 the c.b.i. also expects federal debt held by the public will eclipse the size of the overall economy by the end of december for more on this and other economic news of the day let's bring in boom bust co-host christy now kristie we have a lot to go over here as the federal deficit is projected to spike it exceed annual g.d.p. next year that will put the us where it was.

jobless claims came in at 881000 for the week ending the 28th of august according to united states labor department now analysts had expected 9950000 new claims for the week continuing claims that's the measure of those who have filed claims for 2 weeks or more fell by 1240000 to just over $13000000.00 total now meanwhile as congress debates the next steps for a kopek $1000.00 relief package the congressional budget office is projecting the country's deficit will triple in 2020 to 3.3 trillion dollars now federal debt will account for 98 percent of gross domestic product in fiscal 2020 and the largest percentage of g.d.p. since 1945 the c.b.i. also expects federal debt held by the public will eclipse the size of the overall economy by the end of december for more on this and other economic news of the day let's bring in blue bus co-host christie now christie we have a lot to go over here as the federal deficit is projected to spike exceed annual g.d.p. next year that will put the u.s. where it was in the aftermath of world war 2 what's going to happen then kristie. well this one to me really intere

yeah the pencil recovering has definitely plateaued a bit as the labor department parted 884001st time filings for unemployment versus the $850000.00 expected so the continuing claims as you just mentioned was also an indicator that the strong jobs improvements throughout the summer that we had that might be tailing off and trying the fall season so now apparently. the line in the sand for a plant a good news on initial of job claims has become just the 1000000 mark so despite the fact that the data came in worse than expected the market kind of just shrugged it off a little bit because at least it came in under $1000000.00 so it's digesting it as not bad but there's no doubt that the pace of the rebound that was forecasted to happen in q 3 and q 4 is still a long ways off if you look at the pace of hiring so the jump in unemployment claims it's coming mainly from the pandemic unemployment assistance program which is namely for the self-employed and gate workers so it implies that many still can't find steady full time work and since april part time employment has really gained a much

the labor department saying the u.s. added 1.4 million jobs in august. unemployment dropping to 8.4%. >>> there's still much more ahead tonight on "world news tonight" this friday. the blistering heat wave. triple-digit temperatures heading into the holiday weekend, and the big concern in can the power grid handle it? >>> plus, the incredible survival story. get this. a man pinned by a tree for four days, lucky to be alive. stay with us. tree for four days, lucky to be alive. stay with us. up. get in its way. hpv can affect males and females... and there's no way to predict who will or won't clear the virus. but you can help protect your child by taking a first step. the cdc recommends hpv vaccination at age 11 or 12 to help protect against certain cancers. hey cancer! not... my... child. don't wait... talk to your child's doctor about hpv vaccination today. so are we. prudential helps 1 in 7 americans with their financial needs. that's over 25 million people. with over 90 years of investment experience, our thousands of financial professionals can help

. >>> the labor department said 81,000 people have filed claims, a drop from the 129,000 the week before. that doesn't moon fewer lost their jobs. starting this week they changed how they account for seasonal swings. >>> starting monday many californians who are not working will get $300 supplemental checks from the state in addition to the regular unemployment checks earned and the supplemental payments will be retroactive to august 1st when the benefits ended. it will be available it anyone who gets at least $100 a week in been fits and is jobless or partially unemployed. the dow and nasdaq taking huge hits today. tech stocks, apple, facebook, amazon all leading the dive here. the index has been strong as of late. you can see the dow jones down to 3%, nasdaq 5%. s&p 500. since april the s&p 500 was up and the dow was up 50%. >>> california's new color coded tier system could highlight the spread. san francisco and napa counties are in the second level, red, meaning their risk is substantial. california's new system relies on two factors, the number of cases per100 people and percent of

joe biden spoke in wilmington, the august jobs report released by the labor department and criticize the president for comments he reportedly made about u.s. troops. mr. biden: good afternoon, folks. sorry i am a little late. i was mesmerized. 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 about what they talked about and the revelations of president trump's disregard of our military and veterans. quite frankly, if what was written in "the atlantic" is true, it is disgusting and confirms what we believe to be true. president trump is not fit to be the commander-in-chief. 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 assistant u.s. attorney and volunteered to go to kosovo, war going on, as a civilian, he was not a sucker. when my son volunteered to join the united states military as the attorney general an

the labor department reported today that the unemployment rate dropped to 8.4% while the u.s. economy added 1.4 million jobs in august. a little bit more from the hill newspaper. the unemployment rate declined from 8.4% to 10.2%. falling below 10% for the first time since march. august is the first consecutive month of declining unemployment since april. more than 20 million americans lost their jobs pushing unemployment to post great depression highs of 14.7%. the news today is that the unemployment rate dropped to 8.4% and 1.4 million jobs were added in july. let's get back to our conversation about the voting processes and we will go back to our phones and talk to maria who was calling from atlanta, georgia. she says she is not going to vote. good morning. caller: good morning. how are you doing? host: just fine. go ahead. caller: i did not vote in 2016 and i don't plan to anymore. it don't seem as though anything is being accomplished. i would not vote for obama if he was running. i am done with voting. when i vote, it puts a lot of people in office who make money and the

pandemic is running out of steam amid diminishing government funding according to thursday's labor department report claims increased 287-0000 last week from 866008 week earlier the country has so far recorded nearly 7000000 cases and at least 202000 deaths. as europe sees a 2nd wave of coated 19 the u.k. and france have both announced record numbers of new cases france reported 16096 over 24 hours its 4th record in 8 days the u.k. reported its highest ever number of daily new cases at 6634 while the figures are higher than at the height of the pandemic testing has also increased dramatically. and his case is increased the u.k. government has unveiled new measures to help workers and businesses suffering during the pandemic chance irish eastern ak unveiled a 6 month program to subsidize the wages of workers who return to their jobs part time and also extends loans to companies hit by knock down restrictions unemployment in the u.k. is set to spike after the current furlough scheme concludes in october. the government will directly support the wages of people in walk giving businesses who face

. >>> the labor department is out with his jobless claims numbers. 870,000 americans applied for first-timenemployment benefit in weeks that ended september 19. analyst expected 840,000 claims. the figure represents a fourth straight week that new jobless claims were below the one million-dollar level. 240,000 claims here and california. but our state has adopted accept a new applications for two weeks while the employment development department revamps his system. more about the economic picture is financial analyst george. to thank you for coming on today. let's get to the issues of facing those that are out of work in california. looking big picture at the unemployment claims. they were slightly higher than analysts expected. it does appear that some people are getting back to work, not enough people the. why are we seeing a slow recovery? >> not in california, we've had four weeks of under 1 million. today we had a report of 870,000, it got revised a little bit down and brought us down to about 862,000, which is still a big number. california, as you mentioned, represented about 26 of t