Unemployment at 6.5 percent — a 14-year high — and is expected to climb up as layoffs increase in a wide swath of industries. The only retailer reporting anything positive on sales figures is Wal-Mart. The Obama Administration is meeting with economic experts today to talk out steps to fix the damaged economy as the crisis gets worse. Obama expected to announce his appointment of Treasury Secretary at 2 p.m., when it is expected Obama will announce his first press conference today. New Jersey Governor Jon Corzine, former head of Goldman Sachs; former Treasury Secretary Lawrence Summers, and former Federal Reserve Chairman Paul Volker are also being considered.”]
Source: https://www.cuinfosecurity.com/nov-7-update-unemployment-soars-obama-tackles-economic-crisis-a-1053