Aug 7, 2017

GOP goofs on Trump job claim

Dan Primack

America's economy has added more than one million jobs since President Trump took office, prompting the Republican National Committee to tweet out that such an accomplishment is "unprecedented." But it isn't.

Job numbers: According to the U.S. Bureau of Labor Statistics, there has been a net gain of nearly 1.1 million jobs between February and July 2017. But that falls shy of the 1.25 million jobs created between February and July 2016. Or the 1.39 million jobs for the same period 2015. Or 1.5 million in 2014 or 1.12 million in 2013. And, yes, the same dichotomy exists if you begin each time period with January instead of February.

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Axios

Fear of coronavirus pandemic escalates

Photo: Abdulgani Basheer/AFP/Getty Images

In the blink of an eye, we've entered a new phase on the coronavirus.

The big picture: Italy, Iran and South Korea are at "decisive" points in their responses, the World Health Organization said on Thursday.

Go deeperArrow2 hours ago - Health
Courtenay Brown

Stocks fall 4% as sell-off worsens

A trader on the floor of the New York Stock Exchange. Photo: Johannes Eisele/AFP via Getty Images

Stocks fell more than 4% on Thursday, extending the market’s worst week since the financial crisis in 2008 following a spike in coronavirus cases around the world.

The big picture: All three indices are in correction, down over 10% from recent record-highs, amid a global market rout. It's the S&P 500's quickest decline into correction territory in the index's history, per Deutsche Bank.

Go deeperArrowUpdated 2 hours ago - Economy & Business
Axios

Coronavirus updates: California monitors 8,400 potential cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

33 people in California have tested positive for the coronavirus, and health officials are monitoring 8,400 people who have recently returned from "points of concern," Gov. Gavin Newsom said Thursday.

The big picture: COVID-19 has killed more than 2,800 people and infected over 82,000 others in some 50 countries and territories. The novel coronavirus is now affecting every continent but Antarctica, and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

Go deeperArrowUpdated 3 hours ago - Health