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Initial jobless claims exceeds expectations

First jobless cases is available in at 884,000.

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Kitco News

Tesla shares plunged, is gold next? This ‘scares’ Gary Wagner

Equities markets have seen some strong selling activity in the recently because of lingering uncertainties in the economic situation, stated Gary Wagner, editor of TheGoldForecast.com, who is concerned concerning silver and gold potentially not holding their base at existing degrees.

" We are seeing a recuperation, however the healing is much slower than prepared for," Wagner told Kitco Information in an interview Tuesday. "I think what we're seeing is the awareness that the economy is not going to recover as quick as we assumed it would certainly."

Supplies are rebounding Wednesday morning from Tuesday's selloff, with the S&P 500 up 1.15%, and also the Dow up 0.9% on market open.

Tesla shares are down 30% from August highs.
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US economy adds 1.4M jobs in August; unemployment rate falls to 8.4%

FOX Organization' Cheryl Casone breaks down the August work report.

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Dow drops more than 800 points as stocks post worst day since June

FOX Company' Lauren Simonetti reports on supplies sinking from documents in tech-led selloff. #FoxBusiness

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Over 59 million Americans have filed jobless claims since lock down began

Initial Unemployed Insurance claims hits below one million with 881K individuals filing jobless claims.

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Biden says Trump ruined a good economy, Kudlow says that’s ‘factually inaccurate’

National Economic Council Director Larry Kudlow reviews the opportunity of extra stimulation, Joe Biden's plans to elevate taxes and how the Trump administration has actually rebuilt the UNITED STATE economic situation.

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Will Macy’s survive the pandemic? Former Toys ‘R’ US CEO reacts

Former Toys "R" United States Chief Executive Officer Jerry Storch supplies understanding into on-line retail, physicals winners as well as losers amid the coronavirus pandemic, and Walmart's answer to Amazon Prime.

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Rioters could lose unemployment benefits under proposed law

Rep. Jim Banks, R-Ind., says he wishes his brand-new recommended expense would certainly function as a deterrent as well as stop terrible protests and troubles.

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Fed’s Jerome Powell discusses monetary policy at the Jackson Hole Economic Symposium

Federal Get Chairman Jerome Powell is expected to unveil broadly the Fed's new method on inflation as the reserve bank's yearly financial seminar, called Jackson Opening, gets underway virtually today.

Disclaimer: The initial 5 mins of Powell's comments are not visible.

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Trump delivers remarks on jobs and the US economy in Minnesota

President Trump discussed work as well as reconstructing the U.S. economy at Mankato Regional Airport in Minnesota.

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