The Nov. jobs report out at 8:30 a.m. is expected to show yet another decline in the pace of jobs returning from lockdowns just as the virus is raging out of control again and new lockdowns are starting to pile up. Consensus for 475K and 6.8% unemployment. politico.com/newsletters/mo…
But the Wall Street whisper number is significantly lower, more like 200K. In normal times this would be quite strong numbers. But these are not normal times. politico.com/newsletters/mo…
Update: U.S. job growth slowed in November for a 5th straight month to 245,000 in face of the surging pandemic — well below expectations politico.com/news/2020/12/0…
We are still around 10 million jobs short of where we were pre-Covid. In normal times 245K would be a strong number, our @morningmoneyben says. But these are not normal times and the pace of jobs coming back is heading toward zero at the moment. politico.com/news/2020/12/0…
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The House passage of the MORE Act is historic. It’s the first time either chamber of Congress has voted to dramatically change federal marijuana laws in 50+ years.
But it has no chance in the Senate. Here’s what to know, from @natsfert 👇
First, here’s what the MORE Act would do:
• Remove federal penalties on marijuana
• Expunge some records
• Levy a tax on cannabis products
• Create grant programs
But the MORE Act won’t pass the Senate. There are just weeks left in this Congress, and Sen. Majority Leader Mitch McConnell has said he won’t consider voting on marijuana legalization. politi.co/3gnltzX
It is becoming abundantly clear that President-elect Joe Biden thinks clear communication and logical and sane management are needed to combat the Covid-19 crisis, our @playbookplus authors say
Biden is starting to give clues to how he will handle the virus.
He doesn’t want long shutdowns. “You don’t have to close down the economy,” he told Jake Tapper on CNN last night. politico.com/newsletters/pl…
Biden is issuing clear guidance for what he will do in the short and long term.
For example, he will tell people they need to wear masks for 100 days. And he will back that up with a mandate they must be worn in federal buildings and on buses and planes. politico.com/newsletters/pl…
The U.S. recorded over 3,100 Covid deaths in a single day yesterday, obliterating the record set last spring, while the number of Americans hospitalized with the virus has eclipsed 100,000 for the first time and new cases have begun topping 200,000 a day politi.co/3mBO1Yt
The three benchmarks altogether showed a country slipping deeper into crisis, with perhaps the worst yet to come, in part because of the delayed effects from Thanksgiving, when millions of Americans disregarded warnings to stay home politico.com/interactives/2…
Across the U.S., the surge has swamped hospitals and left nurses and other health care workers shorthanded and burned out.
Using data from the COVID Tracking Project, we’re following how each state is responding to Covid-19 👇 politi.co/33sa4rL
If there's one thing we know about December in Washington, it’s that it gets really … interesting, our @playbookplus authors say. Every year. Without fail. Chaos. Madness. On the brink of a holiday.
• Trump is considering preemptively pardoning much of his immediate family
• Prosecutors have been pursuing an investigation into potential bribery in connection with an effort to secure a pardon from Trump politico.com/newsletters/pl…
• AG Barr says the DOJ has not found any evidence of widespread fraud in the 2020 presidential election
• Yet Trump's lawyer Rudy Giuliani is offering non-specific conspiracy theories about the election politico.com/newsletters/pl…
The legislation would provide $908 billion in aid and also shield businesses from coronavirus lawsuits for a few months to allow states to develop their own liability reform politi.co/3qh1rvc
The proposal includes:
• $160B in state and local aid
• $180B in additional unemployment insurance
• $288B for small businesses. I
• $82B for schools
• $45B for transportation
• money for health care politi.co/3qh1rvc
The Supreme Court will weigh in today on whether President Trump will be able to exclude undocumented immigrants from the census population count, which divvies up the nation’s 435 House seats among the states politi.co/2VfPKqs
The court’s speedy decision to take Trump v. New York means a decision could be handed down before the Census Bureau delivers the population counts to Trump's desk at the end of the year politi.co/2VfPKqs
After SCOTUS rejected Trump’s efforts to add a citizenship question to the census, Trump issued a memo in July asking the Census Bureau to subtract undocumented immigrants from the count for the purposes of the reallocation of the nation's House districts politi.co/2VfPKqs