Money Minute: Millions Stand to Lose Jobless Benefits; Money Pours into Mutual Funds


The haves and the have-nots in the economic recovery. That and more of the top money stories you need to know Monday.

Unemployment Benefits
Toby Talbot/AP
More than 2 million people could lose jobless benefits over the next few months if Congress doesn't extend an emergency aid program. Many jobless could end up receiving fewer weeks of benefits.

Meanwhile, a government report shows there are now more women in the job force than there were before the Great Recession began in 2008. That's not the case for men though. They are still nearly 2 million jobs below the peak level.

The Dow Jones industrial average (^DJI) and the Standard & Poor's 500 index (^GPSC) start the week at record highs, and both have posted six straight weekly gains. Last week, the Dow gained 1.3 percent, the S&P rose 1.6 percent and the Nasdaq composite index (^IXIC) rallied 1.7 percent. All three major averages are closing in on milestone levels, including 16,000 for the Dow and 4,000 for the Nasdaq.

With stocks are record highs, mom and pop investors are pouring money into stock mutual funds. The research firm TrimTabs says stock funds took in more than $34 billion in new money over the past month.

Boeing (BA) shares are set to take off securing a series of big orders for its new 777X jet from Middle Eastern airlines. Those orders were valued at more than $100 billion, based on list prices, making it Boeing's best-ever product launch. This is significant for the whole U.S. economy, as Boeing is one of the nation's biggest exporters. But it's still not known where the new plane will be built. Workers in Washington State last week rejected a labor pact, and Boeing says it will look elsewhere for a manufacturing plant.

Sony (SNE) also reported strong demand for the rollout of the PlayStation4 video game console. It sold more than 1 million units Friday, the first day it was available. However, online forums suggested there may be serious technical problems with the new consoles. Microsoft (MSFT) rolls out its new Xbox this coming Friday.

-Produced by Drew Trachtenberg.

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The EPA is suggesting less ethanol in gasoline. This is a good news for owners of gas powered equiprment like chain saws, blowers, etc. According to technicians, ethanol in gasoline shortens the engines life.

November 19 2013 at 9:45 AM Report abuse rate up rate down Reply

Finally. Unemployment was put into place to give a heads up not a career collecting unemployment

November 18 2013 at 9:56 PM Report abuse +2 rate up rate down Reply

Women are not afraid to go to work for less than men, but they know that if they prove themselves, that salary will start going up. Its sad that people have lost jobs, but they have been told those big salaries are not there any longer so they just give up. Neighbor lost big time job in 2008, worked two part-time jobs, and two months ago was hired back in a new company for "dream wages." He never gave up, he knew he had to pay the light bill and put food on the table--that's what new employer was looking for and everyone is happy for him.

November 18 2013 at 8:02 PM Report abuse +1 rate up rate down Reply

Thanks to the man who promised "Elect me President of the greatest country in the world and I promise I will CHANGE it! "
How y'all liking that change now?

November 18 2013 at 7:46 PM Report abuse +1 rate up rate down Reply

Two million this month. .more next month....... "does that "hope and change" still feel comfy and rosey?
Remember the power of your vote next time

November 18 2013 at 7:38 PM Report abuse +2 rate up rate down Reply

Call them what they are, welfare programs. Nothing wrong with that. Then we cn get some idea as a nation how much we are actually spending on welfare. Those are not entitlement programs and we should stop calling that.

November 18 2013 at 7:38 PM Report abuse +1 rate up rate down Reply

Get on the wagon, the tax payers can pull it.

November 18 2013 at 7:26 PM Report abuse rate up rate down Reply

From the look of the message board, it was another really bad day for the dumbest 1%ers.

Gee, whoda thunk.

November 18 2013 at 7:22 PM Report abuse +1 rate up rate down Reply

You're are a waste of time..!

November 18 2013 at 5:59 PM Report abuse rate up rate down Reply

Is mean spirited because Anthony gave her/him the boot.


Somey your obsession with Mr. Weiner is quite interesting dear. Is there something that you need to get off your chest darling. Please do share doll.

November 18 2013 at 5:09 PM Report abuse -1 rate up rate down Reply