Stocks Rebounding, Jobless Claims Soar Past 3 Million, Treasury Secretary Mnuchin: Jobless Claims Numbers Not Relevant Right Now
David Faber and Jim Cramer discuss the record number of jobless claims, soaring past 3 million and shatter the Great Recession peak. Treasury Secretary Mnuchin joins "Squawk on the Street," as the Senate passes a $2 trillion dollar stimulus bill, that's now heading to the House. Telling David & Jim that relief is on the ways saying, “most of these will be direct deposit, so we call them checks in the mail, but it will be three weeks... We’re determined to get money in people’s pockets immediately. That will be within three weeks.” On the jobless claims front he says “I just think these numbers right now are not relevant,” when asked about that staggering figure.
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Show Notes
David Faber and Jim Cramer discuss the record number of jobless claims, soaring past 3 million and shatter the Great Recession peak. Treasury Secretary Mnuchin joins "Squawk on the Street," as the Senate passes a $2 trillion dollar stimulus bill, that's now heading to the House. Telling David & Jim that relief is on the ways saying, “most of these will be direct deposit, so we call them checks in the mail, but it will be three weeks... We’re determined to get money in people’s pockets immediately. That will be within three weeks.” On the jobless claims front he says “I just think these numbers right now are not relevant,” when asked about that staggering figure.
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