Level deaths are approaching one million with record chain record cases in france and the u. K. Tiktoks band is due to take effect on monday ban is due to take effect on monday. Shery u. S. Futures coming in at. 2 higher after fluctuations. Investors were weighing optimism over a stimulus package over rising covid19 infections. We have the s p 500 up. 3 . Hitby utilities, they session highs with new rounds of the economic stimulus measures. We had strong housing numbers. Trip. Com seeing thirdquarter revenue down about 47 to 52 . The forecast is not great when it comes to trip. Com. Yuan. Coming in at 1. 93 a little bit lower than expected. This as we continue to watch the markets, oil coming in. 25 lower. We saw oil climbing to the highest stimulus hopes, but there were doubts over rebounding consumption as the pandemic cases continued to climb. Haidi. Europethat second wave and the u. K. , one of the risks weighing on the investments at the moment. For the final friday session in nat
Happened. The bears breathe a sigh of relief. But is it all over as soon as it started . The cash trade is just an hour away so lets see if this has legs. Here are your top headlines. With thes a big blow nasdaq down almost 5 . The s p severs it steepest drop since june. And suffers its deepest drop since june. Bill ackman tells market jitters the National Bank to challenge santander. So, a lot going on today, as well as german factory orders. They are now out. Ofth over month, the gain 2. 8 not nearly as much as a survey, which was 5 . Over the prior number, which was 27. 9 . Yearoveryear, its a drop of 7. 3 , which is worse than the survey drop of 6. 0 . And a slight improvement from 11. 3 on the prior numbers. So during factory orders german factory orders not shining light on this. Just under an hour away from the start of cash equity trading. Futures are down in europe. And remember, yesterday we were looking at gains on the dax of more than 1 . Then we closed losses of more than
Lets dig into the numbers. Paul is joining us right now, a professor of economics and a nobel laureate. And michael mckee. He broke down the payroll numbers early on. Eye,his really caught my the Unemployment Rate. Mike more people in the Household Survey got jobs, fewer people laid off, even though the labor reports rose during the month. Overall, as you mentioned, 1,370,000 jobs created, the forecast was for 1,350,000, so the economists got it right with their consensus forecast. In the biggest jobs categories, retailing at a 249,000, professional services 197,000, 147,000 in education, and 134,000 food and drink workers got their jobs back, but that still is 2. 5 million below the number in february. Construction at 16,000. That raises the question given how strong the Housing Market is, on whether we do not have enough construction workers. Manufacturing wasnt strong, but added only 29,000 jobs. Of theting fact, 24. 3 people working in august worked from home through telework. The
Shall observe. You will see the memorial event unfold throughout our program today. The stock market trading begins at 9 30 a. M. And were at a modest gain after yesterdays late and very big selloff, the dow is probably going to be up 90 in the modest gain for the s p of 37 on the nasdaq. That is at the open. We have no idea how the market closes today. Look at this, peloton, the stock of the day if not the week terrific Earnings Report, huge increase in sales and a rosy projection for the future. Watch that stock go. Peloton is up 9 at 97. I have three quick headlines for politics and money. Microsoft says russian chinese and iranian hackers are targeting the 2020 election. No impact on the stock of course but this is a clear warning. Joe biden is embroiled in a teleprompter dispute. Does he use one to help them answer questions. Surely that is out of balance but articulate president ial candidate. In the nfl is back completely protest into and thumbs you will see it all. September 11
Wake of tragedy. Charles joe biden is there right now as we look at 2001 and why we came together back then and just why now we seem to be tearing ourselves apart, all that and so much more on making money. Charles its been a rough couple of weeks for the market which is obviously more vulnerable now than its been in months, on this solemn day for the nation, the stock market itself has to pass a big test, but, you know, the situation is the s p 500 has to hold above the 50 day moving average. I will say Technical Analysis is not an exact science, so a slight slip below is forgivable, but when it does hold, you know, historically it revives the sagging rallies and we get a big move to the upside. The question is of course what will the upside look like . Will investors seek out the same names that obviously before got too close to the sun or is it time to find new opportunities . Lets ask rob luna, ceo of a Financial Company and on the phone with us Capital Wealth Planning chief jeff [