Morgan chase asiapacific. Are one hour away from the close of trading for the day and the week. Desk head to the markets where julie hyman has been following all the ups and downs. Julie we will see if we have been closing out these multiweek highs. Of s p 500 in onto a gain. 10 . It was this push and pull of the betterthanexpected headline number and the worst and estimated worst than estimated wages number. Some say that was due to a calendar quirk come it that it didnt include the midmay pay period. Be that as it may, certainly Market Participants seem a little confused by the numbers and we have seen the s p 500 fluctuating in a relatively tight range. I want us to look at the best and worst performer in the s p 500 in terms of the index weighting they have. Apple shares rising today. Facebook is going lower. The company is going to be paying more in u. K. Taxes. If you look at it by groups, we have seen materials and energy gain. They are hanging onto gains. Utilities in the top s
Reaction and what it means for rates. Europe putting together some green arrows. 10year 1. 86 a onemonth high. And in a few moments, meg whitman from hewlettpackard and the companys strong results. 242,000 is above expectations of about 200,000. Wages weak. An annualized rate of 2. 2. We were looking for 2. 5. Revisions added 30,000. Wages, once again, the crux of this conversation. Its becoming a real puzzle, while everything else, labor force, reacts the way you want, wages do not. Theres something for everyone in here. Something for the bulls in the jobs growth and something for the bears in that wages are not growing along with jobs. Manufacturing lost 16,000 jobs as we continue to wonder whether the manufacturing recession in this country has bottomed. Thats not a good sign. Obviously, carl, that 4. 9 Unemployment Rate and the higher than expected job growth is good. Thats why people are calling it a goldilocks number. The Dollar Strength ed on the report, treasuries sold off. The
Back into positive territory captivated by donald trump. Yes, they were. Just a correlation. Yes, they were. The Energy Sector is leading the comeback outperforming the Broader Market after Oil Prices Rally from losses and settled nearly 35 a barrel and theres the Energy Sector up 1. 3 on the day. Technology and health care, the two minus signs in that tally today. Not all good news in the Energy Sector. Natural gas prices plunging to the lowest levels in 17 years, despite a larger than expected decline in supplies. Coming up, well look at the fallout that could have for the pipeline operators. Plus, republican frontrunner donald trump fighting back against mitt romney. Well have the latest in the war on words and which stocks could feel the pain and gain from a trump president. A remarkable day in the world of politics. Lets start with the fallout from the continuing slide in the energy patch. Morgan brennan looks at the bankruptcy pressures on pipeline operators. Thats right. Dozens
Got some Consumer Spending numbers that did not meet estimates. All three major averages near the lows of the session. Amazon in point terms is one of the things that is keeping the s p 500 from falling more after the Company Reported a Record Net Income but the other card stacked against it. Sciences coming out. Apple declining having its worst week since june since 2014. In percentage terms, i want to look at the big tech losers in todays session. You have seagate coming out with numbers that missed estimates. With rivalsng along is numbers suffered from demand from apple iphones. Then we have the Energy Clients easy in todays session. Going into this running season, energy was predicted to be the biggest drag earnings wise and that is proving to be the case. Phillips 66 out with numbers that missed estimates and its pulling down many of the other refiners and is generally seen from the client and energy today. Red on thet of screen for the day. How about for the month . , lets start
Make their statement before trump gets under way there. Absolutely, bill, heres what happened. They started to gather north of the Silicon Valley region. For those of you unfamiliar with that part of california. The police were put on high alert earlier this morning. Specifically because of what happened in southern california. Costa mesa last night. There was a trump rally, it turned violent. A number of cars that were damaged. Riot police were brought in. Given the fact that mr. Trump is scheduled to speak shortly at that location in burlingame, specifically the Hyatt Regency, the police were put out early at that particular location. They have barricades up. You can see them just past those people we saw walking. A large contingent there are hundreds and hundreds of people at that particular hotel. They pushed against the barricades and then they tore them down and rushed the hotel. At that point, the riot police which were standing to the side moved in and pushed the protesters bac