Live Updates: Millions of people lose their federal unemployment benefits as aid expires

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This is what you need to know to navigate today’s markets.

• US stocks will open on mixed Tuesdays. On Monday night, the Dow Jones Industrial Average futures had lost 74 points, or 0.21%, while the S&P 500 futures lost 0.03% and the Nasdaq Composite futures gained 0.21%. This week’s earnings include:

General stores in Casey

i

Cup software

on Tuesday; Copart,

GameStop,

i

Lululemon Athletica

Wednesday;

International role

Thursday; i

Kroger

Friday. Highlights of this week’s economic events include: Wednesday, the Bureau of Labor Statistics publishes the Labor Opportunities and Workload Survey, and the Federal Reserve reports consumer credit data for July and publishes its latest beige book, with the economic, contracting and business conditions 12 central bank districts. On Thursday, the Department of Labor reports initial unemployment claims for the week ending Sept. 4. And on Friday, the Bureau of Labor Statistics released the August production price index.

• Pandemic unemployment benefits expire on Monday or up to approximately 7.5 million Americans, including federal benefits increased by $ 300 a week, programs for contracted, self-employed, part-time workers, and emergency assistance for those who had exhausted their state benefits. While the Biden administration has encouraged states to use their coronavirus emergency funds to expand benefits or provide additional benefits to unemployed workers beyond Monday, it seems unlikely that departments will do so. state labor, CNBC reported. The Pennsylvania Department of Labor and Industry provides additional resources for Keystone State residents who may need them, and California said residents who need them can still benefit from increased food and health benefits. housing assistance, as well as state economic impact payments for eligible individuals and families called Golden State Stimulus.

• The European Medicines Agency is evaluating whether to recommend booster doses of the Pfizer-BioNTech coronavirus vaccine six months after people 16 years of age and older have received the second vaccine. “To restore protection after it has waned,” the agency said Monday. EMA experts conduct an “accelerated evaluation” of the data

Pfizer

and BioNTech, including an ongoing trial of 300 healthy adults who received booster shots about six months after their second dose, the Associated Press reported. Pfizer has already filed an application with the U.S. Food and Drug Administration to authorize a third dose, and the Biden administration has said that if approved by regulators, booster doses would be available by the end of September. Several studies have found that protection against Covid-19 vaccines against the highly contagious Delta variant decreases months after people are vaccinated, but that the traits still protect against serious illness, hospitalization, and death. Israel has already begun administering booster doses and other countries, including France and Germany, consider them for its vulnerable residents.

• Moderna’s Covid-19 vaccine booster vaccines may be delayed a few weeks after the Pfizer-BioNTech vaccine is approved, Dr. Anthony Fauci said Sunday. Fauci, the White House’s chief medical adviser, told CNN that although the administration planned to launch booster doses of both vaccines at the same time, Pfizer has submitted its application to the administration. of Food and Drugs, the launch of Modern could be a week or two later. Fauci said the plan depends on companies submitting their data to the FDA and receiving FDA approval and recommendation from vaccine advisors at the Centers for Disease Control and Prevention. He said it may turn out that the complete immunization regimen against Covid-19 is three doses. “What we are seeing now, not only here in the United States, but in other countries, including Israel and the United Kingdom, [is] that the durability of protection tends to decline, especially in the context of the Delta variant, “Fauci told CNN. He said the good news is that Israeli data show that booster shots offer” deep “protection against infection and hospitalization. “Drivers really increase the response very, very high and we hope that response is lasting.”

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