Good wednesday morning, im Carl Quintanilla with Morgan Brennan and jon fortt. The president this morning set to tour the mac pro Assembly Plant with apple ceo tim cook. Eamon javers will raise the curtain on that this morning. Reporter youre playing just the two of us and it is going to be about just the two of them. The unlikely relationship between donald trump, the president of the United States, and tim cook, the ceo of apple cook has spent the past several months cultivating a relationship with donald trump largely, im told, by going through the trump family having conversations about technology with Melania Trump at dinner at the white house. Talking with ivanka trump about workforce issues hes cultivated that phone call relationship with the president. I asked the president why he seems to have such a good conversational ability with tim cook the president told me a couple of weeks ago, the reason is because cook is the one ceo in incorporate america who actually picks up the p
Ready to go. The Halftime Report starts right now. Welcome, good to have you with us this committee joe terranova, stephanie link, jim lebenthal, jon najarian, also on set mike wellson, Morgan Stanleys chief u. S. Equity strategist stocks are getting a lift with some big dow beats today, makes for an interesting setup with the fed just a week away steph, ill give you the first crack today. I was going to come in and say earnings have been kind of lumpy, and then you get guidance raises today, whirlpool, coke, lockheed, pretty good. I dont think lumpy, i think really good. Choppy . I think pretty good, especially if you go underneath the surface, especially today, to your point, not only is it better organic growth out of kimberlyclark, out of coke, organic. These are great, top line numbers. But also what ive been impressed with, margins. Margins are expanding. Take a look at Stanley Black decker today they have some challenges for sure, but they beat margins in every single segment yo
Were at the Detroit Historical museum, and were about to walk into a wonderful exhibit called americas motor city. Detroit has been the motor city capital of the world since at least 1915, when there were over 42 Companies Making cars and another 75 Companies Making parts. So we have been while other towns built cars, we built lots of cars. Prior to 1900, the detroit area enjoyed a wealth of strong manufacturing, a lot of it based in the building of carriage bodies, but also in building iron stoves and building Railroad Cars and building railroads, wheels and the rails that go with them. So detroit understood the manufacture ring process, but they also understood how to deal with steel, deal with iron, deal with would, deal with rubber. Detroit had all of those talents right here. And the designers and the toolmakers and the things that it took to make an automobile. So why dont we go inside and lets see. The first car that traveled on the streets of detroit. So what were looking at he
Good friday morning. Welcome to squawk on the street. Post 9 this morning. Jon fortt has the morning off. Watching the markets closely, the u. S. Employee number, 178,000 new jobs in november. Thats according to the labor department, almost in line with estimates. The Unemployment Rate ticks down to 4. 6 , the lowest level in nine years. Hourly average earnings falling 0. 1 , the final number before the meeting this month. Mike, we took your temperature on it. We talked to jan about essentially what hes calling full employment and whether and when wages catch up. Thats right. Basically its the economy we thought we had, the labor market we thought we had coming in. The market maybe dodged a slight bull net the sense it cements the certainty about december and what the fed will do. To on the wage front, i feel like the market is not getting too concerned about that mostly because the mix is probably partially to blame. So in other words, a lot more younger workers, fewer Older Workers t
Of average. Take a look at what this is doing to the markets at this point. Well, you know, weve we came back yesterday. You can see we are looking for a slightly lower open as of now. European markets already in session. And on the closing end of their day you can see kind of a mixed session over there. This is where we may see the most move is in the tenyear note yield. You might expect of course the expectation the feds going to move now in june has fallen dramatically. Will it even be july. There it is, the yield now 1. 72 . Weve been sitting of course a good 10plus basis points higher than that until this number came out. Weighing on the may payrolls of course were job losses in construction, mining and manufacturing. Even without that verizon strike, payrolls would have only increased by 72,000. You may recall verizon had 34,000 employees on strike. The Unemployment Rate though fell to 4. 7 . Now, that is due in part to people dropping out of the labor force. Average Hourly Earni