At 2. 664 and europe is back to work and largely mixed. Our road map, the jobs number, payrolls above consensus. The Unemployment Rate dives to the 5. 5 year low. Watch the participation, rate, wages, more americans drop out of the work force in april. Pfizer raising its bid to try to buy astrazeneca. Astrazeneca says a few hours later no thank you. Astrazeneca shares trading below the offer price. Pfizer may need to raise a bit more. Were going to have a lot more. Upbeat morning for internet stocks. Linkedin, open table, expedia beat. A miss for chevron, profit dropping 27 on lower production. J. Crew going budget friendly. Can cheaper sweaters boost sales without diluting the brand . First up, though, lets tackle the jobs number, 288. The Unemployment Rate at 6. 3 , thats the lowest since 2008. People are wondering how this is possible, though, with the labor force decline like we had, jim. 62. 8 is the lowest since december of 2013. Yeah. Look, these are hard to rationalize. The 6.
And oil edged up 52 cents. Spring surprise for jobs the latest jobs report shows 288thousand americans were added to payrolls and the Unemployment Rated dipped to 6. 3 and, warren buffets Berkshire Hathaway corportion had an earnings miss, the 6. 6 earnings drop is mostly blamed on berkshires stake in insurance companies. In trader talk this morning, Michael Gurka of Bruinhill Partners is here to tell us if the market will be off to the races. Good morning to you. Good morning. Stocks struggled following that jobs number. Whats going on here . Clearly the market was looking for some type of at least economic rebound off the payroll number from friday. It maybe wasnt as so surprising as far as this better than expected headline number that really no one believes anymoreor the fact that the Labor Participation rate continues to escalate. I think more importantly what were starting to see is this premise that there is that theres a built in premise to the economy right now that things are
The nasdaq is back at levels weve not seen since 2000. Gold was unchanged. Oil dripped down a 1. 55. Bloomberg news reports. Bank of america is cutting 21hundred jobs and closing mortgage offices as Rising Interest Rates slow the demand for home loans. And Top Economists predict Economic Growth of 3 in u. S. By the second half of next year. Matt shapiro, president of nws capital, joins us now to take a closer look at todays market action. Good morning matt. Good morning angie. Well the president makes his big speech tonight, but will it be a market mover . Well, you know, a lot of people are going to talk about it, but talking to me i think too many people are making too much about syria and i dont think it has anything to do with the level of this market. What do you think is moving the market . We had some great data coming in from china already this week. Well i think that helped, but really that was a technical bounce from last weeks really goldy locks employment report and had a f
Company to Ares Management and the Canada Pension Plan Investment Board for 6 billion. The deal marks the end of a years long effort to sell the retailer. Delta air lines. Stock is surging today on news the carrier is going to join the s p 500. The airline will be added to the index tomorrow. After the market closes. Nicole already her little plastic plane ready to go. David good for delta. Investors ignored downbeat news about kfc and pizza hut parent yum brands and pushed the stock higher. Yum announced a big august sales decline in china following a bird scare and bird flu outbreak. Microsoft is getting red to relaunch the slowselling surface tablet. The tech giant sending out invitations for a event here in new york on september 23rd. David a lot of commercials on the football channels. Google offered new concessions to end threeyear antitrust investigation by european regulators. The company trying avert a possible 5 billiondollar fine. Busy day here. After the bell starts right n
Threats from isis supporters. Youre in the situation room. President obama has braefed top congressional leaders on his plan to defeat the isis terror group. He will address the nation tomorrow night. Youll see it live here on cnn 9 00 p. M. Eastern. While the public may be war weary, polls show strong support for taking action against the brutal jihadist who seized a broad swathe of territory inside iraq and syria. U. S. Aircraft have been hitting isis targets in iraq for weeks. The Sticking Point has been syria. And while the president seems ready to begin strikes there, the case of a murdered american hostage is racing new questions about whether the United States now has anyone it can count on to help inside syria. Our correspondents and analysts and guests are standing by with full coverage. Lets begin with jim sciutto. Tonight the Obama Administration with the fbi is investigating exactly how Steven Sotloff was capture and who was responsible. There are competing allegations. Was