Andrew Ross Sorkin (Co-anchor) 00:00.150
the CME with the news and the number
Rick Santelli (On-air editor) 00:03.830
yes jobless claims for the week of december twentieth and that's ending december twentieth on initial claims two hundred and fourteen thousand well below the two hundred and twenty five thousand we were expecting two hundred and fourteen thousand would be the lowest since well
Rick Santelli (On-air editor) 00:19.310
the last week in november when it was one hundred and ninety two thousand and that was the lowest going back to twenty two at one eighty nine which was the lowest since the nineteen sixties so we are definitely under two twenty five ish are considered ultra low and if we look at
Rick Santelli (On-air editor) 00:36.070
continuing claims after a couple of weeks of being under one point nine million they pop back over one million nine hundred and twenty three thousand of course the last time we were above that would be third week in november third week in november but what is interesting is
Rick Santelli (On-air editor) 00:52.870
having those two weekly numbers under one point nine million the first time we've been under one point nine million since april and the reason i find all of this so curious is because we are now all questioning in a significant way some of the seasonality issues to make
Rick Santelli (On-air editor) 01:07.830
adjustments to these numbers and it takes a while to get the GPS back and that is a bit disturbing it's not like thanksgiving and holidays don't occur every year but the process is a bit cumbersome and we even learned during covad that seasonality and seasonal adjustments can
Rick Santelli (On-air editor) 01:23.310
really kind of play havoc with the numbers suffice it to say that many now believe the wall street journal did an article about this andrew and joe about a week ago that some of the generous welfare programs might be kind of distorting the jobless claims figures keeping them a
Rick Santelli (On-air editor) 01:38.750
little bit more depressed on straight side here we hover at four sixteen that's down a basis point for tens the notable trade of late has been in foreign exchange dollar index on pace for the worst year since twenty seventeen much of that though was the premium put in it during
Rick Santelli (On-air editor) 01:55.190
covic but nonetheless if it closed at levels it's currently trading at right now be a three month low close andrew joe the whole gang back to you and merry christmas from
Andrew Ross Sorkin (Co-anchor) 02:06.670
merry christmas to you rick santelli thank you