u. s. economy continues to pick up the pace your job list benefit claims for the lowest level since the pandemic bit will discuss what's helping americans come back into work. also coming up germany is governing coalition as agreed to i near law, the hosting companies held accountable for worker's rights abuses in supply chain. and after a year, the suspicion and sanctions from the west to iran, and as a sweeping the new partnership with china, regular, iranian unimpressed. w business. i'm a watson berlin. welcome to the program. the number of people in the u. s. submitting claims for jobless benefits drops to a 14 month low last week. i just over 400000 the most. the 4th consecutive weekly decline in applications with the us economy now opening up and growing as an annual rate of 6.4 percent in the 1st quarter. employees are struggling to fill. they can physicians and response to the labor shortage. many states are ending unemployment programs funded by the federal government and include a weekly

u. s economy may lag behind for years to come. the reality is we have we have fallen behind with our investments in the economy and people are still struggling women in particular, still struggling to find affordable child care, the number of business owners tell fox news they can't find workers. now some republicans want the white house to back an effort to cut the $300 a week federal unemployment benefit. early so to get more people back to work. there is an opportunity here for us to turn it around in the by the administration and congressional democrats could be part of that solution. step one is getting those able bodied adults back into the t's going to be sitting down with senate republicans here at the white house to talk about a massive infrastructure bill. the president wants to spend $2 trillion republicans hope to spend far less and negotiations are likely to keep going past thursday's meeting. also this week, the president gonna be meeting with the congressional leadership from both parties. this could be his biggest c

u. s. meeting claims for jobs benefits dropped sharply last week. i just over 400000. that's the lowest level of the panoramic so far with the u. s. economy growing as a robust annual rate of 6.4 percent in the 1st quarter. many employees struggling to fill vacant positions and the u. s. in china have held their 1st conversation on trade since joe biden became president. china said the phone call was frank pragmatic. and constructive china is pressing by having to unwind his predecessors, paris, but disputes over the us trade deficit and chinese human rights abuses remain are known as the green link and aims this killer germany to clean energy supplies for the future. a 600 kilometer cable connecting the energy grid of germany and norway has just been inaugurated the mega projects known as north link will enable surplus energy from german solar and wind farms to be used to fast by norwegian demand. meanwhile, norway's hydro electric plants can now support germany's grid when there isn't enough sun or wind around. the link is a key part of an energy transition plan by the german government, in addition to north link for other energy routes

u. s. economy picking up the pace. one of the main drivers in you know, well, i mean on one side you clearly have the massive explanation. so that gives the american population the confidence to go out again. and on the other side, we have those multi $1000000000.08 programs and that it gives the american population the meeting to actually also spend money. so the economy overall seems to be kicking on most if not on all cylinders. triple is clearly picking up, restaurants are doing much better. so we also got numbers on cross domestic product . so the us economy. so those where we vice data for the 1st quarter, the u. s. economy grew by a very decent or solid 6.4 percent in the for the 1st quarter. so overall things definitely keep picking up as the home front. but the us lawmakers are also trying to tackle the economic challenge paid by china with new legislation. what can you tell us about that? yeah, there was actually a party dural vote and this vote ended. so what was it? $68.00 to $30.00 a. yes, vote. so obvious

u. s. economy right now, the stress on the u. s. population, because a coven, you know, all the other factors. i think that allowed by the opportunity to try and do something different with afghanistan, but they're, by no means is joe biden turning into you know, make a dove. exactly. does. there's still going to be, be this very interventionist, very involved american presence militarily throughout the world. but the fact that he was willing to disengage from afghanistan in this manner is a very welcome development. it's certainly much different, right, than what we've seen over the last thing. we're still to see if that's right. you know, assuming that the withdrawal proceed ganeth, son is a very big money hole according to the goes on, ask them at that war has caused the united states over $800000000000.00 and that's a very, very conservative after. and i'm sure you would agree with me. there are many baths that interest not only the united states, but also among local and regional actors. so even if we accept that there is a g

so the economy is on the rise here in the u. s. at the same time, the unemployment claims are going down, but it seems we are stuck here. to a certain extent, a lot of businesses across the whole country are struggling right now to find new employees. and that is what we've seen in our report here from the amusement park in new jersey. the labor market seems shrunk during the pandemic. and that was exactly what the human resources president of the amusement park was referring to when she's, when she called hiring being the new pandemic. that is, in part of the $300.00 weekly paycheck that unemployed people are receiving right now. there are numbers saying that one in for workers are actually receiving more from those unemployment benefits than from working a paid job. the u. s. a chamber of commerce therefore, is asking for an end of those benefits because they believe that this is essentially one reason why a lot of people don't want to go back to works. where do we know how many states will be cutting these federal unemployment a

so the economy is on the rise here in the u. s. at the same time, the unemployment claims are going down, but it seems we are stuck here. to a certain extent, a lot of businesses across the whole country are struggling right now to find new employees. and that is what we've seen in our report here from the amusement park in new jersey. the labor market seems shrunk during the pandemic. and that was exactly what the human resources of president of the amusement park was referring to when she's, when she called hiring being the new pandemic. that is, in part of the $300.00 weekly paycheck that unemployed people are receiving right now. there are numbers saying that one in for workers are actually receiving more from those unemployment benefits than from breaking a paid job. the u. s. a chamber of commerce therefore, is asking for an end of those benefits because they believe that this is essentially one reason why a lot of people don't want to go back to work. where do we know how many states will be cutting these federal unemploymen

so the economies on the rise here in the u. s. at the same time the unemployment claims are going down, but it seems we are stuck here. to a certain extent, a lot of businesses across the whole country are struggling right now to find new employees. and that is what we've seen in our report here from the amusement park in new jersey. the labor market seems shrunk during the pandemic, and that was exactly what the human resources president of the amusement park was referring to when she's, when she called hiring being the new pandemic. that is, in part of the $300.00 weekly paycheck that unemployed people are receiving right now. there are numbers saying that one in for workers are actually receiving more from those unemployment benefits than from working a paid job. the u. s. a chamber of commerce. therefore is asking for an end of those benefits because they believe that this is essentially one reason why a lot of people don't want to go back to work. where do we know how many states will be cutting these federal unemployment age

so the economy is on the rise here in the u. s. at the same time, the unemployment claims are going down, but it seems we are stuck here. to a certain extent, a lot of businesses across the whole country are struggling right now to find new employees. and that is what we've seen in our report here from the amusement park in new jersey, the labor market, it seems shrunk during the pandemic. and that was exactly what the human resources president of the amusement park was referring to when she's, when she called hiring being the new pandemic. that is, in part of the $300.00 weekly paychecks that unemployed people are receiving. right now. there are numbers saying that one in for workers are actually receiving more from those unemployment benefits than from working a paid job. the u. s. a chamber of commerce therefore, is asking for an end of those benefits because they believe that this is essentially one reason why a lot of people don't want to go back to work. where do we know how many states will be cutting these federal unemploym

u. s economy added just too high. 66,000 jobs in april. economists had predicted 975,000 new jobs well, some republicans say expanded federal jobless benefits are discouragingpeople from going back to work. but president biden said the report shows action is still needed. checks to people who are hurting support for small businesses for child care and school re opening support. help families put food on the table. the president said that his proposed infrastructure and family support bills will help get america back to track it back on track. rather, republicans argue the measure is too costly. on wall street today, expectations of more federal stimulus and continued low interest rates well, that sparked a rally, the dow added. 229 points works third record high in a row. the nasdaq was up 119 and the s and p 500. it too, was up 34 also setting a new record tech companies led the broad based. games for the first time in 120 years, california's population has followed the current number of residents now stands just under 39.5 million. offic

u. s economy recovers after the pandemic and prices for some commodities like oil and gas are on the risewn 473 points almost 1.5% the nasdaq fell. 12 points the s and p 500 lost 36 points now to israel, where violence there is escalating between hamas militants and the israeli military with at least 32. palestinians and three israelis killed. israel carried out dozens of airstrikes today in gaza city of gaza city video captured the moment that an israeli strike flat in tow 12 story building their israel's. his drones fired warning shots to give people time to evacuate, and there were no casualties reported later, hamas fired more than 130 rockets into the israeli city of tel aviv, killing at least one person there. the u. s. called on both sides to deescalate. any loss of civilian life eyes deeply lamentable, whether that his palestinian life or an israeli life. that is why we've continued to call on comp continue to call for calm continued to call on all sides to de escalate, the situation started to escalate over the weekend, palestinians and israeli security forces clashed at the osca

u. s. economyrs from the pandemic prices for some commodities such as oil and gas are on the rise. the down was down 473 points almost 1.5% the nasdaq fell 12 points and the s and p lost 36 points. hundreds of gas stations in the southeastern united states air running out of fuel because of the cyber attack that targeted the nation's largest pipeline. ah large part of colonial pipeline, though it back up and running under manual operation. fox news, madelon rivera with the latest on the investigation, long lines for gas on the east coast, people are looking to fill up worried about a major pipeline shutdown. that's leading to fuel shortages in several states, including north carolina, south carolina, tennessee, georgia and southern virginia. until somebody told me this morning i was talking to a colleague, and they said that there's no guest anywhere. gas prices are rising on track to hit their highest point since 2014 per chip away with the pain likely to continue until colonial pipeline fully res

u. s economy recovers from the pandemic.h as oil and gas are on the rise. the dow was down 473 points almost 1.5% the nasdaq fell 12 points and the s and p lost 36 points. let's bring in financial analyst james mcbride of the mcbride group to break all of this down force. and james, i first want to get your reaction to the record number of job openings. and do you think that the extra unemployment benefits are keeping people from taking jobs? i think that's unquestionable that a number of cases people are having their making more money by staying home to going to work, so that's that is the situation also, we've seen just as you mentioned earlier. their labor market has titan immeasurably in such a very short time that i think it's called people a little bit off guard and for those businesses particular like the hospitality industry, the restaurants and all no, they don't have a lot of pricing power with respect to how much they can pay their workers. so it's ah they can't do much. they can just hope that people will start c

u. s economy, added 266,000 jobs in april that is well below what economists predicted. said 975,000 jobs would be added last month. after more than 770,000 were added in march, the unemployment rate ticked up to 6.1% analysts say the slow down reflects a number of factors. millions ofill concernt contracting the coronavirus at work. many women dropped out of the workforce to care for children who are being kept out of school and construction and manufacturing companies are short on parts of materials. president biden responded to critics who say that expanded federal jobless benefits are discouraging some people from taking jobs. no. some employers were having trouble filling jobs. but what this report shows is that there's a much bigger problem, not withstanding the commentary. you might have heard this morning. it is that our economy still has eight million fewer jobs than when this pandemic started. the president said today's report on jobs underscores the need for more government action to support people and small businesses, hopes for more federal stimulus and cont

u. s. meeting claims for jobs. it's dropped sharply last week. just over 400000. that's the lowest level of the panoramic so far with the us economy growing is a robust annual rate of 6.4 percent in the 1st quarter. many employees are struggling to fill vacant positions and the u. s. and china have held their 1st conversation on trade ins. joe biden became president, china said the phone call was frank pragmatic, and constructive. china is pressing by him to unwind his predecessors, terrorists, but disputes over the us trade deficit. and chinese human rights abuses remain. are known as the green link and ames to secure germany's clean energy supplies for the future. a 600 kilometer cable connecting the energy grid of germany and norway has just been inaugurated the mega projects known as north link will enable surplus energy from german solar and wind farms to be used to satisfy norwegian demand. meanwhile, norway's hydro electric plants can now support germany's grid when there isn't enough sun or wind to go around. the link is a key part of an energy transition plan by the german government, in addition to nord link for other en

u. s. president joe biden is to visit the next month with much of the focus on how the u. s. and the you will deal with the konami wible china and here's my german economy minister peter meyer said after the talks and establishes fence at a good day. and there is a historic window of opportunity to resolve the trade conflicts between the us and europe. step by step in a constructive way and to focus on future challenges out there for gardening. at the same time, as we are seeing this renaissance of european american corporation, we know that to achieve reliable global trade about the inclusion of china is eminently important. but it has to happen with a level playing field, meaning with comparable opportunities for all side level playing field size. mid to the fact like 5 in charleston advertisement. the w brussels correspondent give matters believe the breakthrough is significant, even if some hardens remain. many hurdles still remain like the u. s. blocking the world trade organizations court system. but when it comes to tariffs, both sides of it, the pause button with a you temporarily suspending planned increases in tariffs on u. s. goods including

u. s. and many economies about electric vehicles about developing those market, providing the, the subsidies they need to encourage them. at the same time, the automakers themselves are the auto workers. what are they thinking about this? what was the response to joe biden plan from auto workers themselves? well, what we hear overall from the unions is that they are supportive to the idea to make the united states a stronger the market. having that set, the union also warns that some of those supply companies, so let's talk about batteries for incent that those could be industries where it might be tougher to get workers to join a union. overall, joe biden seems to be a union friendly, but that is one concern. and then also what we hear from you, william says if you look at the production of electric vehicles, so you need less part than you might even need less labor. so that, that needs what i hear from some union. so there is some concern if the united states that transforms more and more into in the market that actually, that could cost some jobs. but the union is well aware that electric

economy or says cyrus resolved. he runs a consultancy firm into iran and advisors foreign investors. since the u. s. left the nuclear deal, he has lost 80 percent of his european clientele. a gap in the market that china has been quick to fill you on has decided that he cannot wait forever for j. c. p. away or put a break through between you on the west. the development of the country cannot wait . at the end of march, china's foreign minister visited iran and signed a massive deal that involves beijing investing around 330000000000 euros over the next 25 years. the focus will mainly be in the energy transport and telecommunication sectors. in return, iran will provide china with cheap oil, but some iranians are skeptical. i don't think it was, you know, we haven't been told the details of the deal that's about i don't think it will be good for the way everyone's talking about it. it sounds like the government has told us that the chinese government, but it was going to, i hope that we, that people get something out of the deals. otherwise, deals like this are no use to us. iranians are facing a num

ready millions of dollars a year of legal economy, and then it's a strategic stay towards listed activity, drug trafficking, drug production, all bound for the u. s. market extraction of mineral, i, legal and legal mineral. and this elicit economy allows for multiple, very powerful arm groups. the size for its control and it's 3rd or, and it's also along i think, of mafia practices and elections get into that. you can use violence like storage to security when to when, to, to enforce protection racket, to get contracts to so local rivalries, and again, violence is a resource, right? so the self defense schools that we saw in john, home and report how powerful are they? and is the mexican government, the authorities able to rain the men they're, they're quite powerful. they're very powerful in certain certain areas. the thing is they have been, you know, out to calling them, they'll defend groups. it's a way of gaining legitimacy at the local level, but it's basically arm groups, local kind of militia, trying to protect population 3rd, or you get money from different activities. and that's all that. the thing is self define groups, drug cartels, y

again, the failing economy and 11 on where it's a constant battle just to keep the lights on. ah, the u. s. sex your state has outlined how the bye didn't administration plans to men ties with palestinians during a trip to bolster the ceasefire with israel. anthony blank and announced though reopen a diplomatic outreach office and pledge millions of dollars in new aid. but he also said he didn't show none of that money would go to help us on that plan to get us a james space reports from ramallah and occupied west bank arriving in tell of the us secretary of state on a trip with a narrow ame keeping things calm after the seas. his 1st stop an audience with israel's prime minister pledging the u. s. is continuing commitment to israel's defense. but adding this, we believe that palestinians and israelis equally deserved to live safely and securely, to enjoy equal measures of freedom opportunity, and democracy to be treated with dignity that echoed by the israeli leader. his words, perhaps unconvincing to some of the leading and 11 day bombardment of garza, we discussed also how to improve th

economy. the cdc has said cruise ships could start sailing and u s waters by mid july. federal officials say cruise lines can skip test voyages if 98% of the crew and 95% of passengers are fully vaccinated. san francisco took another step toward reopening today with plans to loosen even mork coronavirus for restrictions. the city's health director, dr grant colfax, is lifting certain requirements to beam or in line with state. some of the changes include looser restrictions at restaurants. guests at large outdoor events no longer require proof of a negative coronavirus test or vaccination and real estate can open how it can have open houses again. the city is hoping to fully real but along with the state on june 15th. as covid restrictions ease more workers are starting to head back to the office and a lot of employers, including tech companies here in the bay area, say they are shifting to a hybrid workforce moving forward with some employees working from home and others in the office earlier today on the four we spoke with author and behavioral scientist john levy abo

s payment for research and development and innovation, and certainly we saw that the u.s. does contribute a larger share of its economy to research and u development for prescription tr. drugs. but that alone doesn't account t for the differences we saw in the other countries. the last factor i would note atr a high levelug is, the u.s. rear values choice of drugs.ey offer and so often, higher cost drugs may be available whether or notl they offer strong therapeutic advantages, whereas other countries may limit the choice a of drugs to only those that have therapeutic advantages at a certain cost. >> we're talking with john dicken of the gao.her coun they looked at the cost of prescription drugs and compared it with several other countriese we would love to hear from you. particularly if you've bought drugs, say, in canada or whatever, and had that ould l experience or bought drugs, john pharmaceuticals, from overseas, we would love to hear your oint. experience on that. john dicken, i want to go back h to this point i think i just heard you made. password summer of your report g says, each of the four countries uses varying pricing st

u. s ports to resume immediately. state leaders argued that the cdc is no sale order would do lasting damage to force economy if it remainedplace. you give people the chance that nobody else would give. i think we only give them or a boosted and better and more and more ways to show that they prove that they deserved a second chance. after all, life is all about getting second chances. and this san francisco bakeries all about handing them out how the owner is making sure life is better for former inmates. once they leave prison, plus, it may just be the new normal california's national guard once again, playing a key role defending. the state against wildfires, a color day felt over the bay area. we'll check in on your current conditions and show you what you can expect for your bay area weekend coming up. ♪ ♪ ♪ ♪ ♪ ♪ deposit, plan and pay with easy tools from chase. simplicity feels good. chase. make more of what's yours. home or crashed into a home overnight it having around 12 50 this morning near willow street and glennie reality. oh no one inside the home was hurt, but there was significant damage to the house. you c

economy to continue to face pressure. this struggle is with the localized restrictions and a lot less the vaccine rollout. the u. s. federal reserve has criticized deutsche bank k g for failing to address the system shortcomings and its anti money laundering controllers according to people familiar with the matter. they say the bank could even be fined lender hasn't, from the allocation, the german line, lufthansa plans to reactivate up to 50 aircraft in the coming weeks in view of rising demand, according to a board member. booking numbers, july and august are up to 11 times higher than 4 weeks ago. during the current vice pandemic, the group must bold hundreds planes. germany inflection inflation rate has risen to 2.5 percent. the highest level in some say 2018 comes after german authorities ease some restrictions on restaurants. shops and cultural then uses terrain of ours. incidence rates all across the country, pigeon and bundles banks as inflation could rise, ties 4 percent this year of more and what's behind that? his i n g g for economists custom breski. yeah, i think we still, we see read the false way of

out of work and list expect india's economy to continue to face pressure, and its struggle is with the localized restrictions and a lot less the same rolled out the u. s. federal reserve has criticized deutsche bank k g for failing to address the system shortcomings and its anti money laundering controllers according to people familiar with the matter. they say the bank could even be fined. lender hasn't the allocation the gym and line lufthansa plan to reactivate up to 50 aircraft in the coming weeks in view of rising demand. according to a board member. booking numbers for july and august are up to 11 times higher than 4 weeks ago. during the course of our time, demick, the group must bold hundreds of claims. germany's inflection inflation rate has risen to 2.5 percent the highest level since of 2018. it comes out to german authorities, ease some restrictions on restaurants, shops and cultural then uses terrain of ours. incidence rates all across the country. german bundles banks as inflation could rise, ties 4 percent this year of more and what's behind that? his i n g, g for economists custom breski. yeah, i think we still, we see read the full sw

economy in the first quarter of 2021, it gordon annualized rate of 6. 4%, 6. 4% gdp growth? that's nuts. that is an insanely high number. look at this, in terms of individual u. s. households. household income in march in the united states, we just got these numbers, it jumped by a record 21. 1% in the month of march. the government has been tracking monthly household income numbers since 1959. since they started tracking that number 1959, it has never had a higher jump than it did in march of this year. and of course, both of those numbers, the huge 6. 4 overall economic growth rate for the country, and the record drop, more than 20% jump in average income for american households, both of those figures are fueled by the same thing, right? both of those figures are fueled by the biden administration, and the democrats in congress doing stuff. passing legislation that has made a huge economic difference. both from the macro sense, and individual household level. you could see the impact that it's had on the economy already, it's huge. and, that covid relief package they passed, the stimulus checks, the relief for small business, owners financial help to restaura