Second. He would come in so high. He believes his number. Not everyone else im surprised that the average stayed below 200. I am too. Given how hot the number was. Its not a one to one correlation. Every other signal on jobs indicates that the market has gotten stronger and stronger for jobs. This 8 30 number we say how big it is. This one actually does [ overlapping talking ]. The futures are looking at 100 odds that the fed raises rates. If you get a weaker than expected number will they still feel like they can go ahead humor me today and go for 450 or something. We just want to see the tweet from trump. You would want that for the american humor you for the purposes of tweeting. It would be fun to watch drudge put boom and have a picture of him. That would be fun. Would you prefer so that you can Say Something negative that less americans get put to work for whatever reno they get put to work. For whatever reason, were hoping for a big number. For other reasons like the last eight
Happy monday. Im melissa lee. The dow was down about 184 points at session lows. The nasdaq has turned positive thanks to strength from biotech names like regeneron. The worst performing sector, down by half a percent. Well have much more on the bank selloff straight ahead. Here is what else is happening this hour. Some news you heard exclusively here on cnbc, sources telling us bill gross has settle his lawsuit against his former employer pimco between 75 million and 100 million. The number around 81 million. Gross filed the original 200 million lawsuit back in 2015. His dismissal from pimco was a breach of contract. Amtrak derailment with no injuries reported. The investigation is widening into the terror attack in london. Uk police say there is no evidence the attacker discussed his plans with anyone else or any other group. Melissa . We have a very busy two hours ahead. We kick things off in washington where the Trump Administration is trying to turn the page following last weeks f
Tom keene is in new york. We get to talk more theory. Centralbank action. The yen. And oil. Tom it is one of those fridays in august when you look at the big nature and try to stagger into september and 2007. I noticed people really beginning to frame what the hell is going to go on in 2017. No one has a clue. I love the chart john wraith sent in this morning. Well get to that in a bit. Francine lets get to bloombergs first word news first. Here is taylor riggs. Taylor the u. S. State department is admitting that a cash payment to iran was held as leverage to make sure that they would release american prisoners as promised. This is fueling criticism that this was effectively a ransom. Merkelchancellor angela says that conditions to raise sanctions against russia have not been met and sees no reason to lift them. That russias actions in the ukraine thate g20, china says leaders should ignore territorial rising protectionist sentiment in the u. S. And europe. The gathering will take plac
Upbeat on business activity. Recent data pointed to signs of a slow down. Meantime chinese stocks jumped to more than a fiveyear high overnight. Suggesting more government stimulus was ahead. And the New York Times reporting that the federal authorities investigating the october data preach at jpmorgan they are confident that a criminal case will be filed against the hackers. It means several of the suspects live in a country with which the u. S. Has a extradition treaty. The u. S. Is hitting the debt limit again. Jack louew will have to take extraordinary measures from defaulting on the debt. Well talk about that with ben white who is going to join us in a bit. And a few stocks to watch. Ge selling the Consumer Lending business of ge capital to an investor group. It carries an surprise value which includes debt of about 6. 3 billion. An a Clinical Trial shows that the heart drug can cut the risk of death another heart attack or stroke in patients that had a history of heart attacks cu
It is jobs friday, the bulls are betting that this mornings employment report will add fuel to the markets report run. But theres always that risk that the numbers could rerail the rally. We want to talk about this. Plus, cash back. U. S. Companies are showing investors are love with the windfall of dividendes and Share Buybacks. Plus, stress tests. The major banks get a passing grade. I think 18 out of 19 from the Federal Reserve. Still, critics say questions about the health of the Financial System remain. Its friday, march 8th, 2013 and squawk box begins right now. Good morning, everybody. Welcome to squawk box here on cnbc. Im barack obama along with joe kernen and Andrew Ross Sorkin. Happy jobs friday, everybody. Double whamny today, not only is it friday, its also a jobs friday. The full forecast says 160,000 jobs were added last month. I cant believe the which is fer numbers arent higher than that. Ive looked at a lot of numbers that say its above 200,000. The Unemployment Rate