Asked about record jobless claims in a report released this morning, Pres. Trump says, 'Well, it's nobody's fault, certainly not in this country.' Trump then predicts 'you'll see a very fast turn around once we have a victory' over the pandemic.
U.S. financial markets marched higher on Thursday despite the soaring unemployment numbers.
U.S. equity markets have seesawed for weeks as the COVID-19 outbreak has sowed uncertainty among investors. All three major U.S. indices plunged into bear market territory amid the pandemic.Orange juice futures have spiked more than 20% over the past month, as the global health crisis possibly has people seeking more doses of vitamin C.
A graphic released by the Associated Press shows claims for temporary financial assistance from state governments by individuals who have been laid off. The gray vertical areas show the duration of the economic recession.Among the hardest hit sectors was the service industry, particularly accommodation and food service. Nearly every state cited COVID-19 as the reason for skyrocketing claims.
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