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Added on the 09/03/2018 08:57:14 - Copyright : Wochit
The closing bell rings at the New York Stock Exchange. US stocks ended sharply higher after a whipsaw session in which the belief the US economy was recovering overcame inflation worries, while OPEC's production restraint pushed crude to levels not seen in nearly two years. IMAGES
Santiago, Mar 4 (EFE).- The Chilean state apologized 30 years ago for the brutal repression of suspected political opponents during Gen. Augusto Pinochet's 1973-1990 dictatorship and spearheaded a process of democratic transition and national reconciliation, although rights organizations say key recommendations of a truth commission's report on that era have gone unfulfilled.(CAMERA: Jose Caviedes)
Joseph LaVorgna is the chief economist at the National Economic Council, and is an economic adviser to the Trump administration. And according to Business Insider, LaVorgna on Friday said he felt there was no rush to release a second coronavirus stimulus package. LaVorgna said that despite a disappointing Friday jobs report, he doesn't 'believe the recovery at the moment is in jeopardy.' On Friday, the jobs report that said 10.7 million Americans were unemployed in November. Congress is considering a $908 billion stimulus proposal after months of negotiations. It does not include a $1,200 direct payment.
Republican presidential nominee Donald Trump called the October jobs report "an absolute disaster" at a campaign rally in Atkinson, New Hampshire. Rough Cut (no reporter narration).
U.S. stocks ended down slightly on Friday as a drop in the British pound injected volatility to markets, and the jobs report came in weaker-than-expected. Bobbi Rebell reports.
Stocks traded in a narrow range on Thursday, with investors focused on the monthly employment data and what it might mean for Fed policy. Bobbi Rebell reports.
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