26 Burst results for "Bankrate.Com"

"bankrate.com" Discussed on AP News

AP News

12:20 min | 1 year ago

"bankrate.com" Discussed on AP News

"The monthly jobs report for July is due out later today many economists are expecting a disappointing monthly jobs report including Bankrate.com's senior economist mark Hamrick while we did see some are reasonably robust hiring in the month of June with nearly 5000000 jobs added according to labor department most economists do not expect anything like that here for the month of July in fact it probably fewer than 2000000 and what about the unemployment rate in June I was 11.one percent still historically high economists think the bank could slip to 10.5 percent in July even with July's expected gain barely 40 percent of the jobs lost to the corona virus have been recovered surely a blur Washington

Bankrate.com mark Hamrick Washington senior economist 10.5 percent one percent 40 percent
"bankrate.com" Discussed on AP News

AP News

11:06 min | 1 year ago

"bankrate.com" Discussed on AP News

"President trump is arguing against another blanket shut down of the economy amid a coronavirus search the president says small shutdowns can be very helpful but not a big one like the nation experienced in March and April a permanent shutdown would no longer be the answer at all the president speak his reelection hopes on reviving the economy promising a big rebound but it shrank at a historic annual rate of nearly 33 percent in the second quarter Bankrate.com's Greg McBride says that's a deep hole it's going to take years not months to recover that Sager make ani Washington

trump president Bankrate.com Greg McBride Sager ani Washington 33 percent
"bankrate.com" Discussed on AP News

AP News

08:28 min | 1 year ago

"bankrate.com" Discussed on AP News

"Second quarter GDP numbers are due out later today it's going to be an epically bad number Bankrate.com chief financial analyst Greg McBride on again wide basis the economy is expected to have shrunk anywhere from 25 to as much as 40 percent on an annualized basis of course on a quarterly basis it's a much smaller than that but it's still going to be bad it will be the worst quarter that any of us have ever seen Shelley Adler Washington

Greg McBride Shelley Adler Washington Bankrate.com chief financial analyst 40 percent
"bankrate.com" Discussed on AP News

AP News

11:36 min | 1 year ago

"bankrate.com" Discussed on AP News

"As a condom is worn have serious long term damage due to the corona virus president trump is predicting a big economic rebound hours after the government reported some 30000000 Americans filed for jobless benefits in just 6 weeks the president's predicting a return to a stronger pre pandemic economy and beyond and I think we can actually surpassed where we were the president says he's relying on his gut economists like Bankrate.com's mark Hamrick aren't looking at the numbers like low consumer confidence even with some businesses re opening it looks to be a slow comeback with virus fears dominating consumers are gonna be quite cautious Sager make ani Washington

trump president Bankrate.com mark Hamrick Sager ani Washington 6 weeks
"bankrate.com" Discussed on AP News

AP News

12:33 min | 1 year ago

"bankrate.com" Discussed on AP News

"The president says the economy will roar back soon I feel that I think sometimes what I feel is better than what I think in New York what laid off tour guide even first feels is sadness I just want my job back he's getting jobless benefits without them I really don't know how they'll get pie how will be a bit buy groceries scabby may have lost her job as a restaurant line cook and hasn't received any benefits yet I'll be able to make rent next month but after that if it doesn't kick in but I am definitely in trouble even as the economy slowly starts to recover Bankrate.com's mark Hamrick says people like for stand there may be among those left behind how many of these workers will be called back to their jobs Sager make ani Washington

president New York line cook Bankrate.com ani Washington mark Hamrick
"bankrate.com" Discussed on AP News

AP News

10:22 min | 1 year ago

"bankrate.com" Discussed on AP News

"The latest numbers are staggering another 3.8000000 Americans filed for jobless benefits last month about a load would be shockingly high under any circumstances but Bankrate.com's mark Hamrick says it means a total of more than 30000000 claims in just 6 weeks by far the worst layoffs to regard record a condom is say it'll get worse as employers keep cutting payrolls summer projecting the unemployment rate will hit 20 percent of this month the worst in decades yesterday the government reported the economy shrank in the year's first 3 months for the first time in 6 years it's expected to further contract by up to 40 percent in the next 3 months which would easily be the worst on record Sager made Connie Washington Dr Anthony Fauci says he's spoken with the food and drug administration's chief about getting run dem severe to patients I would project that we're going to be seeing that reasonably soon felt she says a major study shows the drug shorten the time it took hospitalized patients to recover this is not the total answer by any means but it's a very important first step telling NBC's today show it may open the door to other treatments as researchers work on vaccine without she's part of a project called operation warp speed aimed at getting hundreds of millions of vaccine doses to the public by January Sager made Ghani Washington

Bankrate.com mark Hamrick Sager Dr Anthony Fauci NBC Ghani Washington Connie Washington 3 months 20 percent 40 percent 6 weeks 6 years
"bankrate.com" Discussed on AP News

AP News

10:22 min | 1 year ago

"bankrate.com" Discussed on AP News

"The economy continue sliding into the most devastating crisis since the Great Depression the latest numbers are staggering another 3.8000000 Americans filed for jobless benefits last month about a load would be shockingly high under any circumstances but Bankrate.com's mark Hamrick says it means a total of more than 30000000 claims in just 6 weeks by far the worst layoffs to regard record a condom is say it'll get worse as employers keep cutting payrolls summer projecting the unemployment rate will hit 20 percent of this month the worst in decades yesterday the government reported the economy shrank in the year's first 3 months for the first time in 6 years it's expected to further contract by up to 40 percent in the next 3 months which would easily be the worst on record Sager made Connie Washington Dr Anthony Fauci says he's spoken with the food and drug administration's chief about getting run dem severe to patients I would project that we're going to be seeing that reasonably soon felt she says a major study shows the drug shorten the time it took hospitalized patients to recover this is not the total answer by any means but it's a very important first step telling NBC's today show it may open the door to other treatments as researchers work on vaccine without she's part of a project called operation warp speed aimed at getting hundreds of millions of vaccine doses to the public by January Sager made Ghani Washington

Bankrate.com mark Hamrick Sager Dr Anthony Fauci NBC Ghani Washington Connie Washington 3 months 20 percent 40 percent 6 weeks 6 years
"bankrate.com" Discussed on AP News

AP News

10:22 min | 1 year ago

"bankrate.com" Discussed on AP News

"The economy continue sliding into the most devastating crisis since the Great Depression the latest numbers are staggering another 3.8000000 Americans filed for jobless benefits last month about a load would be shockingly high under any circumstances but Bankrate.com's mark Hamrick says it means a total of more than 30000000 claims in just 6 weeks by far the worst layoffs to regard record a condom is say it'll get worse as employers keep cutting payrolls summer projecting the unemployment rate will hit 20 percent of this month the worst in decades yesterday the government reported the economy shrank in the year's first 3 months for the first time in 6 years it's expected to further contract by up to 40 percent in the next 3 months which would easily be the worst on record Sager made Connie Washington Dr Anthony Fauci says he's spoken with the food and drug administration's chief about getting run dem severe to patients I would project that we're going to be seeing that reasonably soon felt she says a major study shows the drug shorten the time it took hospitalized patients to recover this is not the total answer by any means but it's a very important first step telling NBC's today show it may open the door to other treatments as researchers work on vaccine without she's part of a project called operation warp speed aimed at getting hundreds of millions of vaccine doses to the public by January Sager made Ghani Washington

Bankrate.com mark Hamrick Sager Dr Anthony Fauci NBC Ghani Washington Connie Washington 3 months 20 percent 40 percent 6 weeks 6 years
"bankrate.com" Discussed on AP News

AP News

14:48 min | 1 year ago

"bankrate.com" Discussed on AP News

"The economy continue sliding into the most devastating crisis since the Great Depression the latest numbers are staggering another 3.8000000 Americans filed for jobless benefits last month about a load would be shockingly high under any circumstances but Bankrate.com's mark Hamrick says it means a total of more than 30000000 claims in just 6 weeks by far the worst layoffs to regard record a condom is say it'll get worse as employers keep cutting payrolls summer projecting the unemployment rate will hit 20 percent of this month the worst in decades yesterday the government reported the economy shrank in the year's first 3 months for the first time in 6 years it's expected to further contract by up to 40 percent in the next 3 months which would easily be the worst on record Sager made Connie Washington

Bankrate.com mark Hamrick Sager Connie Washington 3 months 20 percent 40 percent 6 weeks 6 years
"bankrate.com" Discussed on AP News

AP News

14:48 min | 1 year ago

"bankrate.com" Discussed on AP News

"The economy continue sliding into the most devastating crisis since the Great Depression the latest numbers are staggering another 3.8000000 Americans filed for jobless benefits last month about a load would be shockingly high under any circumstances but Bankrate.com's mark Hamrick says it means a total of more than 30000000 claims in just 6 weeks by far the worst layoffs to regard record a condom is say it'll get worse as employers keep cutting payrolls summer projecting the unemployment rate will hit 20 percent of this month the worst in decades yesterday the government reported the economy shrank in the year's first 3 months for the first time in 6 years it's expected to further contract by up to 40 percent in the next 3 months which would easily be the worst on record Sager made Connie Washington

Bankrate.com mark Hamrick Sager Connie Washington 3 months 20 percent 40 percent 6 weeks 6 years
"bankrate.com" Discussed on AP News

AP News

14:48 min | 1 year ago

"bankrate.com" Discussed on AP News

"The economy continue sliding into the most devastating crisis since the Great Depression the latest numbers are staggering another 3.8000000 Americans filed for jobless benefits last month about a load would be shockingly high under any circumstances but Bankrate.com's mark Hamrick says it means a total of more than 30000000 claims in just 6 weeks by far the worst layoffs to regard record a condom is say it'll get worse as employers keep cutting payrolls summer projecting the unemployment rate will hit 20 percent of this month the worst in decades yesterday the government reported the economy shrank in the year's first 3 months for the first time in 6 years it's expected to further contract by up to 40 percent in the next 3 months which would easily be the worst on record Sager made Connie Washington

Bankrate.com mark Hamrick Sager Connie Washington 3 months 20 percent 40 percent 6 weeks 6 years
"bankrate.com" Discussed on AP News

AP News

14:48 min | 1 year ago

"bankrate.com" Discussed on AP News

"The economy continue sliding into the most devastating crisis since the Great Depression the latest numbers are staggering another 3.8000000 Americans filed for jobless benefits last month about a load would be shockingly high under any circumstances but Bankrate.com's mark Hamrick says it means a total of more than 30000000 claims in just 6 weeks by far the worst layoffs to regard record a condom is say it'll get worse as employers keep cutting payrolls summer projecting the unemployment rate will hit 20 percent of this month the worst in decades yesterday the government reported the economy shrank in the year's first 3 months for the first time in 6 years it's expected to further contract by up to 40 percent in the next 3 months which would easily be the worst on record Sager made Connie Washington

Bankrate.com mark Hamrick Sager Connie Washington 3 months 20 percent 40 percent 6 weeks 6 years
"bankrate.com" Discussed on AP News

AP News

13:14 min | 1 year ago

"bankrate.com" Discussed on AP News

"The latest numbers are staggering another 3.8000000 Americans filed for jobless benefits last month about a load would be shockingly high under any circumstances but Bankrate.com's mark Hamrick says it means a total of more than 30000000 claims in just 6 weeks by far the worst layoffs to regard record a condom is say it'll get worse as employers keep cutting payrolls summer projecting the unemployment rate will hit 20 percent of this month the worst in decades yesterday the government reported the economy shrank in the year's first 3 months for the first time in 6 years it's expected to further contract by up to 40 percent in the next 3 months which would easily be the worst on record Sager made Connie Washington

Bankrate.com mark Hamrick Sager Connie Washington 3 months 20 percent 40 percent 6 weeks 6 years
"bankrate.com" Discussed on AP News

AP News

13:14 min | 1 year ago

"bankrate.com" Discussed on AP News

"The latest numbers are staggering another 3.8000000 Americans filed for jobless benefits last month about a load would be shockingly high under any circumstances but Bankrate.com's mark Hamrick says it means a total of more than 30000000 claims in just 6 weeks by far the worst layoffs to regard record a condom is say it'll get worse as employers keep cutting payrolls summer projecting the unemployment rate will hit 20 percent of this month the worst in decades yesterday the government reported the economy shrank in the year's first 3 months for the first time in 6 years it's expected to further contract by up to 40 percent in the next 3 months which would easily be the worst on record Sager made Connie Washington

Bankrate.com mark Hamrick Sager Connie Washington 3 months 20 percent 40 percent 6 weeks 6 years
"bankrate.com" Discussed on AP News

AP News

09:44 min | 1 year ago

"bankrate.com" Discussed on AP News

"Just like overseas markets Wall Street took the big plunge at the opening bell the selloff which began last week continued today and it's all about the spread of the corona virus which would probably widening economic impacts and financial markets have to adjust to that mark Hamrick senior economic analyst at Bankrate.com who reminds us at some point down the line after that but so that the sharp correction that we're seeing in the near term your will be reversed but that doesn't mean that there will be some short term pain I Shelley Adler

analyst Bankrate.com Shelley Adler mark Hamrick
"bankrate.com" Discussed on AP News

AP News

08:42 min | 1 year ago

"bankrate.com" Discussed on AP News

"The selloff which began last week continued today and it's all about the spread of the corona virus which would probably widening economic impacts and financial markets have to adjust to that mark Hamrick senior economic analyst at Bankrate.com who reminds us at some point down the line after that but so that maybe sharp correction that we're seeing in the near term here will be reversed but that doesn't mean that there will be some short term pain I Shelley Adler

analyst Bankrate.com Shelley Adler mark Hamrick
"bankrate.com" Discussed on AP News

AP News

12:42 min | 1 year ago

"bankrate.com" Discussed on AP News

"It's been a banner year for investors you may remember the doom and gloom of last December on Wall Street to just over a year ago when talk market was essentially in a bit of a mini crash because of concerns about a recession and here we've had a 28 percent gain for the S. and P. 500 this year Mar camac senior economic analyst for Bankrate.com who reminds us even the experts are unsure about market predictions the reality is that nobody really knows what will happen for the market in the near term because of the forecast for 2019 were rather conservative or games well the market in the low single digits and thirdly those projections are where we are with the outlook for 20 what it Shelley after Washington

analyst Bankrate.com Shelley Washington 28 percent
As Uber eyes an IPO, what's its plan for profits?

Marketplace Tech with Molly Wood

06:26 min | 2 years ago

As Uber eyes an IPO, what's its plan for profits?

"This. Marketplace podcast is brought to you by brother Inc. Vestment tank printers. It's happened to all of us right before an important presentation. The printer runs out of ink brother Inc. Vestment tank printers help put a stop to this. And can literally change the way you Inc. Your choice of up to one or two years of ink included in box helps eliminate the expense and hassle of frequently buying and replacing in cartridges. Learn more at change the way you Inc dot com. Uber wants to do everything in transportation lifts just wants to drive you around which business model is best from American public media. This is marketplace tech demystifying the digital economy. I'm Molly would. Ride sharing platforms lift and Uber are speeding toward initial public offerings this year both companies offer rides and increasingly bike and scooter rentals, but there are actually some pretty big differences between the two Uber has all kinds of other spin offs like Uber eats a freight business international expansion CEO Dr codes were shot he has described it as the Amazon of transportation, and lift is still really focused on rides. Jack Stewart is our new transportation reporter at marketplace. He visited Uber this week. And he said one thing that stuck out to him. Is that Uber knows a lot about us data would I think is the key. That's what I came away with. They want explicit about this. But I was kind of thinking. Wow. They really know a lot about me about us an how I travel around and what I do. And when I do it and how much I'm prepared to pay to get from one place to another. It even came out a couple of years ago that they know that people are willing to pay more willing to pay a higher surge price when the batteries on their phones getting lower, and I think it's this sort of data this backbone that we hear about so much with technology companies that's going to end up being the really valuable part of that business and might be what appeals to investors, but then not only the data question. But just Uber's sort of struggles with cities and its overall sort of trust level would seem to be something like a hill that this company still needs to climb right? Yeah. They have some reputation management. Should we call it still to do? I think that guessing that they've had this new CEO DARA culture Shahi in place for what a year and a half now. And he's at this kind of gentler approach and that change in tone at the top has kind of worked its way all the way down through the organization, and you can see that a little bit where they've started to put in bike sharing schemes they they now own the company, jump and. In order to get licenses to to to operate and cities. They've had to agree to share some of that data about how those things are actually used with the city's one other thing we should talk about is how Uber appears to lose close to a billion dollars a quarter. And I wonder how much that is going to matter. Yeah. I wonder too. I mean, I guess it all comes down to invest as believing in a longer term plan, and that loops us background to this idea of data if Uber convinces people that all right? They don't make money now. But that's because the investing, you know, Amazon hasn't really ever made very much profit. Maybe investors will buy into the idea that longer term. This is the thing to do that will be what investors I imagine. We'll be looking at. And that's what we'll have to wait to see. Jack Stewart is our new transportation reporter here at marketplace. Now. Yes, Uber loses staggering amounts of money every quarter. But so does lift it's more pared down in focused operations still reportedly lost over three hundred seventy million dollars in the first half of last year. And now for some related links as these IPO's get closer, it might be a great time to be taking other a lift or an Uber. The information reported this week that the two companies are in a bit of a discount war to bulk up their market share before they go public. The story is pay while, but there is a link on our website marketplace, tech dot org. It says lift according to unnamed insiders has been offering big discounts on as many as one in every three rides which has added its market share from thirty percent of the US market to more like thirty four percent. And the story says Uber might start offering its own discounts pretty soon, obviously, none of that is great for the actual business model at companies that are already losing hundreds of millions of dollars because of this exact practice, but it's great for you. And me bankratEcom had a good breakdown Wednesday of the financial realities facing volt companies especially lift and really yes, it is. Interesting to see who's going to appeal. I, but what really interests me is to finally get a look behind the curtain at who has the better plan to make actual money. Then again, if the Amazon model is to be believed, maybe investors will lead both of them lose money for years and not even worry about it. And for a little fun go. Check out this cute story about an Uber driver in Seattle who made a menu of the different kinds of rides that his customers can request. They range from the standup ride which features a bunch of jokes about prison tattoos apparently to the silent rude or creepy ride. And finally, there's the therapy ride. In case you need to talk about some stuff. I mean are these preferences? I could set in the app, call a product manager, please. I'm Ali would. And that's marketplace tech. This is APN. Carolina in Brooklyn, New York wrote to tell us she's a longtime fan of marketplace, tech and appreciates the content and the mission thinks Caroline to join her in keeping marketplace tech going strong, donate online today at marketplace dot org, and thanks to Carolina and all the marketplace investors who make our work possible. This marketplace podcast is brought to you by topa ethnic making shoes for running walking, fitness and recovery. All featuring our economy Romy toe box natural fit and low drop platform. Do your body a favor and visit topa athletic dot com slash tech. Join others who have done their research. Get ten percent off your first bear using the promo code tech at checkout on to- athletic dot com. T O P O athletic dot com. Promo code tech.

Amazon Jack Stewart CEO Reporter Ink Brother Inc Carolina Brother Inc You Inc United States Molly Dara Culture Shahi Seattle Brooklyn ALI Product Manager Caroline New York Three Hundred Seventy Million Thirty Four Percent
Survey: Student loan debt delays major milestones for millions

The Ray Lucia Show

00:41 sec | 2 years ago

Survey: Student loan debt delays major milestones for millions

"Survey shows that many people are having second thoughts about their student loans Lewis as Chris Barnes has details. Seventy three percent of those who have student loan debt say they've delayed at least one major life or financial milestone because of that dead. According to a new bankratEcom report that includes saving for emergencies. Buying a house getting married or having kids in hindsight. Seventy seven percent of the millennial surveyed who have student loan debt say if they could do it all again, they would do things very differently. Many saying they would have applied for more scholarships or attended a cheaper school nine percent say they wouldn't have gone to college at all

Chris Barnes Lewis Seventy Seven Percent Seventy Three Percent Nine Percent
Economy Week Ahead: Services-Sector Activity, International Trade and More

Chad Benson

10:50 min | 2 years ago

Economy Week Ahead: Services-Sector Activity, International Trade and More

"Jobs, jobs, jobs, jobs, jobs, jobs, good, better indifferent. Because it looks like it's pretty decent. Oh, I always going to be with you. Chad. Thank you for your kind words. You know, I think this is a much stronger than expected report we broke above the three hundred thousand barrier number of jobs added, and that's admittedly with a revised number four December which earlier was about three hundred thousand and gets brought back down to earth two two hundred twenty two thousand unemployment rate rose a bit that was because mostly the partial government shutdown. So that probably isn't a long-term consideration. But no, you have to say that everything that we've been working through in the US and global economy in recent months, averaging I think two hundred fifty four thousand jobs a month over the previous three months and ten years into an economic expansion one hundred. Straight months of jobs creation. Pretty impressive. Yeah. It is pretty impressive and late like a lot of us. Right. Thank start going. Really? Well, and we're always looking for that bottom to fall out. All the the things are going. Great. Don't don't mention anything. Things are going great. And and people are looking around. And and wondering when is that bottom gonna follow it is that going to be that I scary thing. I mean, I read today that Italy might be heading towards a recession or in a recession. And everybody's always looking for that first factor that I indicated there's going to be some issues. Well, I do think that at this point the US economy is the stellar economic performer around the world right now and western Europe is worry you have Bracha US, China, China, obviously weighing on a lot of corporate earnings coming and recently, everybody from apple to Invidia and that underscores the pressure on the US and China to work out a trade agreement and you're right. You know, we do always want to say, okay, we're good now. But what about tomorrow about I'd say for the foreseeable future? It looks as if the expansion. Continues to home right along. And you know, looks like we'll probably in two thousand eighteen with an annual growth rate of about three percent will probably do a little better than two percent for this first quarter, which tends to be one of the week or quarters of the year, at least in terms of trying to measure it. So and then, of course, the impacts from the partial government shutdown what you'll be resolved in the coming weeks. Meaning while we destroyed an economic activity that won't ever come back with the economic activity that was delayed meaning paychecks that didn't have money to spend that money will be spent. So so far so good. Talking to Mark Hamrick. bankratEcom breakdown the economic news. You talk about the government shutdown, and again, it will resolve itself over the next couple of weeks as far as looking back and see what kind of damage was done what kind of damage you was actually done. Well, first of all there was the damage that individuals, right? There was the damage to individuals who aren't don't have substantial savings, and you know, Bank rate has done these surveys for a long time that have found that close to only forty percent of Americans have enough in their Bank accounts to pay for an emergency expensive one thousand dollars or more. And so this reminds us that whether it's a a partial government shutdown and eruption our own employment. A storm of some kind that keeps us park for a few days or something else we do need to have that emergency savings. So that's the personal impact that is real. And so within this report we see that there were five hundred thousand people working part time in the private sector. That would have liked to have had fulltime. Work added Justin the single month a half. A million people were affected in the private sector with a not having fulltime work. So that's one thing. We have knew that there were four hundred thousand workers of thereabouts in the federal government that were furloughed and essentially considered temporarily unemployed. Yes that was temporary. But we know that from all the reporting we saw during that period that that was having real impact on people. But to your earlier point. Yes, most of this will be restored. I do worry about the lack of the federal government's ability to attract and retain workers because I think the the allure of that has been dealt some damage with three government shutdowns in a year. Now. Yeah. Which is which again is is it just shows you how bitter nasty it gets. And and and how we can't even I mean, if we look up we said, the sky's blue even if it is they're going to argue and say, well, it's probably cloudy somewhere. And that's that's a sad situation. That doesn't do us any good talking to Mark Hamrick. bankratEcom as we discussed the economy. Trump should be out touting this and one of the things they should be talking about this not getting talked about the mainstream media because it's not salacious is. The fact that China is feeling the effects of the trade kerfuffle, it's not really a war war. But the trade kerfuffle, they're really feeling the effects, and that's not that's not really being talked about. Well, it is among those that are interested in these things. But you're right. I, you know, I guess one never at least I'm at the point where I can't try to put my arms around what the administration says why? And and what a dozen say, but you know, this week we had the Chinese delegation in Washington and the president. Both both the president and his counterparts early were playing nice at appeared and gave hope for this agreement ahead of the March first deadline, but you're right. I do think that China is seeing more pronounced slowdown than had been expected. And as China goes really so goes much of Asia because as as the global economy interconnected so are the Asian economies. And and so it probably is an accurate observation to say that to some degree. There's more pressure on China, but you know, when you essentially have a totalitarian regime, which does not respect us civil rights. So they have also means to let's say come up with quote unquote solutions that aren't practical or even possible in a democracy. No. But one thing I've always said about capitalism is the thing that breaks down those walls is the fact that eventually, even if you give them freedom to a certain extent, economically if you take that away, and they've already had all their other freedoms takeaway that's going to break faster than if you didn't have anything to begin with. So wait a minute. You've taken away my Friedman think it all of this kind of stuff, and you gave me some economic freedom. Now, you taking that away. And I think that's a real worry over there is how do we control this because this isn't Tiananmen Square? We've got freedoms now economically, and you take that away and that could get ugly fast. Well, I do think that always underscoring what China's doing is an understanding that civil unrest is always a risk. Right. And so as it is in most countries, so. Absolutely. So that's why they need a stronger growth on basically almost everywhere else in the world. And and I ultimately it is to their benefit as it is to the United States to have a large framework and understanding of of how our trade should try to meet the needs of both sides. What's it like to? I mean, 'cause I hear all kinds of stories of what it's like to operate a business every got friends who've done it and the way that the Chinese government just comes in. Mark is is basically they want all of your stuff. They want to know everything you're doing they want everything they possibly can know about you. And they take it. And they essentially by the by the sounds of it's kind of handed out to all of the other Chinese what would be your competitors. But it's part of the cost of doing business over there. Well, you know that gets to the whole part of the most difficult aspects of the discussion that if there's anything that probably stands on the way of having an agreement in the near term. It is the aspects that have to do with so-called intellectual property, and you know, essentially when one is operating in China. You don't have the ability to control even perhaps access to your hard drives or the data that you're sending abroad. And that means that everything that you design, everything you produce, everything you write about in communication is at risk of essentially being hijacked, and I think that longer term that is more the concern because what is the great what what are some of the great things about the US economy. It's our inventiveness our to our ability to innovate, and that's why we have so many wonderful products and services that originate in our country that don't originate anywhere else. But if we don't have the ability to protect those things under something that's akin to a rule of law, then their value sharply diminished. And so that's why intellectual property and trademarks and patents. And all those things are really at the heart of what is probably even from a numerical standpoint. The most valuable part of this discussion talking to Mark Hamrick. bankratEcom appreciate you coming on one. Last question of fourth quarters. The earnings are coming out of the retail this stuff, you know, Christmas. All of these things are we looking, you know, I mean, some things seem to be good. Some things seem to be bad. Some of that might play into the fact that we're in this kind of kerfuffle with China's specimen comes to electron IX and things of that nature. But all in all seem like we're you know, that it was a decent fourth quarter last year. Well, I mean, I think obviously had a significant rise on the stock market's value from that Christmas Eve low, but the question is how much should you be discounting future earnings? And that's a question that I don't think that I can give you an affirmative answer to meaning the markets had a pretty strong rebound. We're we're getting closer to a behind that. We're seeing last year. And do you have reason to be very optimistic about the future earnings and buyer, but I think you can paint the picture as to how that can happen. But do you have, you know, a a strong confidence? So that's actually going to happen across the board. I think I think you probably need to see more evidence that the us and global economies can hold up, and that there is a there is a resolution of U S, China trade. But the other part is now with the Federal Reserve, basically saying, well, you know, we may be done with interest rate hikes. Now, if indeed that's the case, then they're the you know that there's the positive side of that where the market. Loves that. But there's a part of it that the market should love. Which is if the outlook is so cloudy that the fed doesn't feel like it can raise rates anymore. You know, that tells you something about the overall strength of the economy. Absolutely bad. You are the man the legend Mark Hamrick. bankratEcom who'd he got this week in the Rams the patriots. Well, funny. I was going back and forth with that when my colleague Greg McBride who died in the wall Steelers fan, and I said first of all you have to admire and acknowledge the Tom Brady is a beast. But and so are the patriots for all the reasons that they've won. But there's just a part of me that says that you know, I can't cheer for them. But you know, you might say that the risk is they win. But because I always pretty much love the underdogs. I'm gonna I'm gonna hold that somehow Los Angeles can pull this out.

China United States Mark Hamrick. Chad Federal Reserve Patriots President Trump Chinese Government Apple Tiananmen Square Italy Europe Steelers Donald Trump Asia
Shutdown Had Little Impact on Strong Jobs Picture

Chad Benson

04:09 min | 2 years ago

Shutdown Had Little Impact on Strong Jobs Picture

"Jobs, jobs, jobs, jobs, jobs, jobs, jobs, good, better indifferent. Because it looks like it's pretty decent. Oh, I always good to be with you. Chad. Thank you for your kind words. You know, I think this is a much stronger than expected report we broke above the three hundred thousand barrier gala number of jobs added, and that's admittedly with revised number for December. Which earlier was about three hundred thousand and gets brought back down to earth two hundred twenty two thousand unemployment rate rose a bet that was because mostly the partial government shutdown. So that probably isn't a long-term consideration. But. No, you have to say that everything that we've been working through in the US global economy in recent months, averaging I think two hundred fifty four thousand jobs a month over the previous three months and ten years into an economic expansion one hundred straight months of jobs creation pretty impressive. Yeah. It is pretty impressive and know. Like a lot of us. Right things start going really well. And we're always looking for that bottom to fall out. All the all the things are going. Great. Don't don't mention anything. Things are going great. And and people are looking around. And and wondering when is that bottom gonna fall it is going to be that I scary thing. I mean, I read today that Italy might be heading towards a recession or in a recession. And everybody's always looking for that first factor that I indicated there's going to be some issues. Well, I do think that at this point the US economy is the stellar economic performer around the world right now and western Europe is worry you have Brexit of US, China, China, obviously weighing on a lot of corporate earnings coming in recently, everybody from apple to Invidia and that underscores the pressure on the US and China to work out a trade agreement and you're right. You know, we do always want to say, okay, we're good now. But what about tomorrow about I'd say for the foreseeable future? It looks as if the expansion continues to home right away. Long, and you know, looks like we'll probably in two thousand eighteen with an annual growth rate of about three percent. We'll probably do a little better than two percent for this first quarter, which tends to be one of the weaker quarters of the year, at least in terms of trying to measure it. So and then, of course, the impacts on the partial government shutdown which will be resolved in the coming weeks. Meaning while we destroyed an economic activity that won't ever come back, but the economic activity that was delayed meaning paychecks that didn't have money to spend that money will be spent. So so far so good. Talking to Mark Hamrick. bankratEcom breakdown the economic news. You talk about the government shutdown, and again, it will resolve itself over the next couple of weeks as far as looking back and see what kind of damage was done what kind of damage you think was actually done. Well, first of all there was the damaged individuals, right? There was the damage to individuals who aren't the don't have substantial savings Bank rate has done these surveys for a long time that have found that close to only forty percent of Americans have enough in their Bank accounts to pay for an emergency expensive one thousand dollars or more. And so this reminds us that whether it's a a partial government shutdown and eruption our own employment. A storm of some kind that keeps us park for a few days or something else we do need to have that emergency savings. So that's the personal impact that is real. And so within this report we see that there were five hundred thousand people working part time in the private sector. That would have liked to have had fulltime work added Dustin the single month a half. A million people were affected and the private sector with a not having fulltime work. So that's one thing we knew there were four hundred thousand workers of there about in the federal government that were for load and essentially considered temporarily unemployed. Yes that was temporary. But we know that from all the reporting we saw during that period of that was having real impact on people. But to your earlier point. Yes, most of this will be restored. I do worry about the lack of the federal government's ability to attract and retain workers because I think the the allure of that has been dealt some damage with three government shutdowns in a year. Now.

United States China Chad Apple Europe Italy Invidia Dustin Mark Hamrick. One Thousand Dollars Forty Percent Three Percent Three Months Two Percent Ten Years
The majority of Americans say they did not get a pay raise this year

WBZ Afternoon News

00:27 sec | 3 years ago

The majority of Americans say they did not get a pay raise this year

"Is the money. The majority of American workers say that they are not seeing pay increases. Greg McBride is an economist with bankratEcom and it's true more than sixty percent. According to Bank raids of workers have not gotten a raise this year. So who among them do suspicion for the real rainmaker is continuing, and they tend to get the the the lion. Share the pay increase was there are other options out there like a new and better paying job. But it turns out we're lazy. You'd be

Greg Mcbride Bankratecom Sixty Percent
What do Americans see as the biggest economic threat?

The Big Biz Radio Show

00:35 sec | 3 years ago

What do Americans see as the biggest economic threat?

"What do Americans see as the biggest threat to the US economy USA's? Chris Barnes has the answers to a new survey. Forty three percent of the American surveyed said that the current political climate in Washington is the biggest threat to the US economy over the next six months, according to that new bankratEcom survey it's nearly five times more than the next highest threat, which is terrorism which comes in at nine percent. Eight percent said they feel rising interest rates are the greatest economic threat with seven percent worried about overseas. Economic

United States Chris Barnes Washington Forty Three Percent Eight Percent Seven Percent Nine Percent Six Months
Les Moonves, South Carolina and Julie Chen discussed on Sean Hannity

Sean Hannity

00:15 sec | 3 years ago

Les Moonves, South Carolina and Julie Chen discussed on Sean Hannity

"And a new bankratEcom report indicates that actuarial science is the most valuable college major study ranked one hundred sixty two majors based on several factors including average annual income unemployment rate career paths that don't require schooling beyond a

Les Moonves South Carolina Julie Chen Sharon Osborne CBS North Carolina Hurricane Florence Bloomberg University Of North Carolina W Governor Henry Mcmaster Bob Morrison Hatteras Island Chris Grisanti Amber Geiger Federal Reserve W G Y. Voluntary WGN Wilton
Here Are the Best (and Worst) States to Retire

Sean Hannity

02:05 min | 3 years ago

Here Are the Best (and Worst) States to Retire

"For july nineteenth at four pm on the third floor of the quackenbush building in troy new york state being called the worst place in the country to retire sara lee kessler has the details billy joel may be high end new york but a new bankratecom study says the empire state is the absolute worst place in the country to retire followed by new mexico in maryland which tied for second worst the study looked at factors like cost of living crime rate taxes weather cultural vitality quality of healthcare and wellbeing and it says south dakota is the best place to retire followed by utah idaho new hampshire and florida sara lee kessler newsradio eight ten and one zero three one wg y new fire chief for the city of albany mayor sheen appointing deputy fire chief joseph gregory as the new chief gregory takes over as chief on july twenty ninth he'll succeed worn abriel who announced his retirement last month after forty six years on the albany fire department already common council has forty five days to either confirm or reject the appointment if the council takes no action the appointment is confirmed north greenbush police investigating what they are calling a possible abduction reports last night of a suspicious malema vehicle in the snyder's lake area twelve year old girl said she was walking in the lake meadows neighborhood about eight forty five pm said she was approached by a man in a grey car so the man attempted to lure into the car but she ran away car was last seen on geyser road description of the car a dark grey sedan possibly a honda with what is being described as a bad paint job adult film star stripper stormy daniels won't face any charges in ohio daniels attorney michael nettie said misdemeanor charges of illegally touching a patron or dismissed today she was accused of allowing customers to touch her during a routine at a columbus strip club last night which is against ohio law daniel said she had an affair with president trump back in two thousand six and was paid one hundred thirty thousand dollars to keep quiet about it on wall street just before the close all positive numbers dow up two hundred twenty three points nasdaq up one.

Columbus Strip Club President Trump Attorney Ohio Lake Meadows Malema Greenbush Albany Florida Idaho Utah Billy Joel Troy New York Quackenbush Building Michael Nettie Honda Snyder Albany Fire Department Joseph Gregory
Jobs Report for June: Here’s What to Watch For

Orlando's Morning News

01:21 min | 3 years ago

Jobs Report for June: Here’s What to Watch For

"With continuing coverage of our top story we're keeping our eyes on hurricane barrel the storm was upgraded from tropical storm becoming the first hurricane of the twenty eighteen storm season but it doesn't pose any threat to land barrel is moving across the atlantic with maximum sustained winds of seventy five miles per hour the center is expected to remain east of the lesser antilles through sunday investors on wall street or waiting this morning's release of the monthly jobs report at eight thirty or getting the june jobs report from the labor department and it's expected to show that the us economy continues to move right along mark hamrick with bankratecom says the us job market has been averaging about one hundred and ninety seven thousand jobs a month and for the unemployment rate to hold steady at three point eight percent lip it goes lower whether it's this month or in the coming months then it'll be at the lowest level since nineteen sixty nine hamrick says the lack of wage growth is one thing that's been disappointing and there is a risk in the future due to tariffs negative impacts from the trump administration's decisions on tariffs and trade already being seen tony marino news ninety six point five wdbo seven fifty one now nine minutes until you are late if you gotta be there by eight o'clock you're going to be cutting this one really close today we've got updated weather and traffic every six minutes the full five day forecast brought to you by the law offices of hail helen jacobsohn here's your five day forecast once again going to be.

Labor Department Mark Hamrick Bankratecom Helen Jacobsohn United States Tony Marino Five Day Eight Percent Nine Minutes Six Minutes