About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg QuickTake: Now published this video item, entitled “Trump’s Jobs Record Fell Short of Promises Even Before the Virus” – below is their description.
When Donald Trump ran for president, he boasted he would be the “greatest jobs president that God ever created.” Now, as a result of the Covid-19 pandemic, Trump heads into the November election on track to be the first U.S. leader since World War II to oversee a net loss of jobs during a four-year term. The virus upended one of the nation’s strongest jobs markets in decades and triggered the sharpest recession since at least the 1940s. As a result, since Trump’s inauguration, the nation has shed a net 4.7 million positions as of August and more than 13 million people are unemployed, the rough equivalent of the combined populations of New York City, Chicago and Houston. But even before Covid-19, Trump’s job gains were nearly keeping up with the pace during former President Barack Obama’s second term. And he was falling short of his 2016 campaign pledge to create 25 million jobs over the next decade. On Friday, the Labor Department is scheduled to provide its last big look at employment before the Nov. 3 election. Economists project an 850,000 gain in nonfarm payrolls in September and expect the unemployment rate to notch down to 8.2% — which would mark a moderating rebound and leave jobs still almost 11 million short of the pre-crisis level. The figures will be the backdrop against which Trump and Democrat Joe Biden argue they’re best positioned to revive the economy. The two are scheduled to face off in their first debate Tuesday in Cleveland, Ohio, and the economy is expected to be a focus. For Trump, his record on the economy ranges from the quality of jobs created to the impact of policies he enacted on taxes and trade. The president often points to broad-based job gains on his watch before the pandemic as evidence of his economic stewardship. Through February, employment had increased by 6.8 million since January 2017, and the unemployment rate had fallen to a 50-year low. Women, people of color and the disabled all benefited. So did White men without college degrees, a core Trump constituency. But those pre-pandemic job gains were “right in line with what had occurred in the six years leading up to when Mr. Trump became president,” said Jay Bryson, chief economist at Wells Fargo & Co. Job growth was slightly slower in Trump’s first three years before Covid than it was during the last three years of the Obama administration, when the economy added 2.7 million jobs a year on average. Under Trump, that average was 2.2 million, until this year’s tumult more than wiped out the gains. Read the rest of this story at Bloomberg.com: https://bloom.bg/3cKLIOHBloomberg QuickTake: Now YouTube Channel
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In This Story: COVID-19
Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.
Symptoms of coronavirus
The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
Latest News about Covid-19
Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.
5 Recent Items: COVID-19
In This Story: Donald Trump
Donald John Trump is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.
5 Recent Items: Donald Trump
In This Story: Joe Biden
Joe Biden is an American politician who served as the 47th vice president of the United States from 2009 to 2017. A member of the Democratic Party, he served as a United States Senator for Delaware from 1973 to 2009.
Biden is the Democratic presidential nominee for the 2020 election, running against the incumbent, Donald Trump.
On August 11, 2020, Biden announced U.S. Senator Kamala Harris as his running mate in the 2020 presidential election.